BP Brings Additional Investment

    The upstream oil and gas industry received good news from the extension of the Tangguh cooperation contract for 20 years because it presents an additional investment commitment of up to US$4.6 billion.

    The extension of the Cooperation Contract (PSC) for the Tangguh block allows BP and its partners to develop the Tangguh Liquefied Natural Gas (LNG) project until 2055. The Tangguh PSC area itself includes Wiriagar, Berau, and Muturi in Bintuni Bay, West Papua.

    In the Tangguh LNG Project, BP acts as the operator with a 40.22% ownership stake. Then MI Berau BV 16.3%, CNOOC Muturi Ltd. 13.90%, Nippon Oil Exploration (Berau) Ltd. 12.23%, KG Berau Petroleum Ltd. 8.56%, KG Wiriagar Petroleum Ltd. 1.44%, and Indonesia Natural Gas Resources Muturi Inc. 7.35%.

CNOOC

    Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif asked BP to immediately complete the Tangguh Train 3 Project, which is one of the national strategic projects in the upstream oil and gas sector. Because natural gas is considered a commodity that has an important role in the energy transition period towards net zero emission in 2060. 

    The extension of the Tangguh Cooperation Contract (PSC) also makes the availability of LNG to meet domestic and export needs more secure.

    Arifin Tasrif said we believe that gas will have an important role in achieving this target. Indonesia has great potential to produce gas in the future, therefore the government asks contractors to work together and develop the resources," said Arifin Tasrif.

    According to him, the government will support all efforts made by Cooperation Contract Contractors (KKKS) to optimize domestic resources. This also makes the government more open to cooperation in the management of upstream oil and gas in the country. For information, the Tangguh Train 3 Project is projected to be able to go onstream in the first quarter of next year.

    The target is that the project will produce 700 million standard cubic feet per day (MMSCFD) of gas and 3,000 barrels of condensate per day. 

    The investment required for the Tangguh Train 3 Project is estimated at US$8.9 billion. The Tangguh LNG project started in 2009 and has shipped more than 1,450 cargoes from the two LNG production trains that are currently operating, with a production capacity of up to 7.6 million tonnes of LNG per year.

Blogger Agus Purnomo in SKK Migas

    Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto said that, in addition to providing certainty of gas supply, the extension of the Cooperation Contract (PSC) for the Tangguh block will also bring in an additional investment commitment of up to US$4.6 billion. In addition, it is also projected that the state will receive revenues of up to US$5.5 billion from 2035 to 2055.

"This contract extension also has a positive impact in the form of a contribution in driving the national and regional economies, as well as other multiplier effects," he said.

    According to him, the extension of the cooperation also reflects the government's commitment to continue to create a conducive investment climate, as well as provide certainty for investment activities in Indonesia. Moreover, Tangguh has been the largest gas producer in Indonesia, where around 20% of domestic gas production comes from the project. 

Anja-Isabel Dotzenrath

    Anja-Isabel Dotzenrath, BP Executive Vice President of Gas & Low Carbon Energy, said that the contract extension provides an opportunity for her party to continue the work that has been carried out together with the government and SKK Migas.

“This extension helps open up new opportunities for Tangguh's future,” said Anja-Isabel Dotzenrath.

    Anja-Isabel Dotzenrath said BP has a strong commitment to continuing long-term cooperation to meet energy needs in Indonesia.

"We look forward to further cooperation with Indonesia and our partners in the coming years," said Anja-Isabel Dotzenrath. 

Kathy Wu

    Meanwhile, BP Regional President Asia Pacific, Gas & Low Carbon Energy Kathy Wu said that the contract extension received by his party allows the company to continue accelerating domestic upstream oil and gas exploration activities.

"With the addition of our new blocks in Indonesia, this all shows our trust in the Government of Indonesia in continuing investment, and presenting various solutions to energy needs," said Kathy Wu.

    Apart from currently developing the Tangguh Train 3 project, BP and its partners have also started the Tangguh UCC Project which includes the development of the Ubadari Gas Field, enhanced gas recovery (EOR) through carbon capture, use, and storage (EGR/CCUS) in the Vorwata field, as well as onshore compression.

    Apart from the Tangguh LNG Project, BP also has interests in the Andaman II Block, as well as the Agung I and Agung II Blocks.

Gas needs

    On a separate occasion, the International Energy Agency (IEA) projects that gas power plants will still grow to replace the coal-based steam power plant (PLTU) in the net zero emission scenario.

    Until 2035, IEA predicts that gas will still be used to bridge the transition of global energy, especially when the transition from PLTU to new and renewable energy-based power plants (EBT). 

    In its research, the Reforminer Institute noted that the development of gas-based power plants has a number of advantages, such as capacity factor which is quite high and becomes one of the base load power plants, investment costs per megawatt (MW) for gas-based power plants are cheaper compared to the electric steam power plant (PLTU), geothermal power plant (PLTP), and Nuclear Power Plant (PLTN)

    Komaidi Notonegoro, Executive Director of the Reforminer Institute, said that oil and gas still have an important role in the Indonesian primary energy mix, and are projected to still be important up to 2050.

"Oil and gas shares in the Indonesian primary energy mix 2021 are around 51%, and in 2050 shares are projected to still around 44% of the total Indonesian primary energy consumption," he said.

    According to him, the National Energy General Plan (RUEN) also projects natural gas in the Indonesian primary energy mix in 2050 to be around 24%, the second largest after EBT. 

    From 2012-2021, the portion of gas utilization for domestic purposes increased by an average of around 1.50% per year.

    The industrial and fertilizer sector is recorded as a major contributor to increasing domestic natural gas consumption.

"The discovery of Indonesian oil and gas reserves in 2020-2021 was also dominated by natural gas, such as discoveries in Bronang-02, Wes EEL, Parang-02, Rembang-3B, and Wolai-02. 

    Candidates for the National Strategic Project of the Energy Sector 2020-2024 are also dominated and related to the use of natural gas, "he said.

    This makes natural gas have a more important role as a bridge in the implementation of fossil energy transitions to EBT. 

    Sugeng Suparwoto, Chairperson of Commission VII of the People's House of Representatives (DPR), said that oil and gas will still be an important sector of economic growth in Indonesia. For this reason, the government must think of ways to reduce emissions produced by fossil energy.

    He explained that the portion of EBT in the energy mix in 2050 was projected to be only 31%. That is, the remaining 69% will still be filled by fossil energy, fuel oil, coal, or natural gas.

"The world is also currently very dependent on fossil energy. This can be seen from OPEC+ which still produces around 100 million barrels of oil per day, "he said in an energy transition forum.

In an effort to reduce emissions from the oil and gas industry, the government can issue regulations related to the quality of fuel oil that is low in carbon and sulfur. That way, carbon emissions can still be reduced, without having to sacrifice the industry that has been a source of state revenue.

According to him, the upstream oil and gas industry must continue the exploration and exploitation of existing resources to ensure the meeting of community energy needs. 

    It's just that later the oil and gas produced should no longer become primary energy, but be processed into petrochemical derivative products.

    The reason is that Indonesia is still importing petrochemical products in very large quantities. During this time, only the fertilizer industry utilizes natural gas as raw material in the process of fertilizer production. 

    Another step that can be done is to optimize the use of natural gas as intermediate energy because the commodity is lower emissions. In addition, the use of natural gas can also reduce the import of liquefied petroleum gas (LPG) which has been burdening the state budget.

"The government must also be consistent in efforts to increase national oil and gas production, because until now there are still around 68 oil and gas basins that have not been managed, and most are natural gas," he said.

Bisnis Indonesia, Page-4,Monday, Dec 26, 2022

Oil Production Remains Under National Target

Five major contractors controlled 73.34% of Indonesia's total petroleum production.

At least five oil and gas contributors still dominate national oil production. The five contractors are Chevron Pacific Indonesia, ExxonMobil, Pertamina EP, Pertamina Hulu Mahakam and China National Offshore Oil Corporation (CNOOC) Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) noted that the five contractors contributed to total oil production of 667,623 barrels per day (bpd).

This amount is equivalent to 73.34% of the total national oil lifting until the third quarter of 2018 which reached 773,923 bpd, while in the gas sector, five KKKS contributed a total production of 761,356 barrels of oil equivalent per day (boepd). This amount is equivalent to 66.50% of the total national production which reached 1.14 million boepd.

"The five largest oil palm contractors (KKKS) account for 73% of the total national oil lifting, while the five largest gas contractors contribute 66% of the total national gas lifting," said Head of Program and Communication Division of SKK Migawa Prabawa Taher.

However, SKK Migas noted that the achievement was still below the target of only 96%. Wisnu said there were several obstacles in the implementation of national oil and gas production. The constraints are experienced by PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ). This contractor encountered technical equipment production constraints. Then in the Rokan Block, Chevron Pacific still faces the impact of pipeline technical problems at the production facility some time ago.

The Medco Natuna faces a problem in the form of drilling results that have not met expectations. On the other hand, the company also rescheduled its drilling. Furthermore, Pertamina EP's drilling results are still below expectations. While the constraints of Pertamina Upstream Mahakam are drilling delays related to rig selection.

"The achievement is around 96%, slightly below the target. Indeed, there are still some constraints in production, but these obstacles are moderate and already handled," Wisnu explained.

If referring to the target in the 2018 State Budget (APBN), in the petroleum sector, there are still three KKKS which are below the annual lifting target. First, Chevron Pacific Indonesia is projected to be 213,551 bpd, but only 210,582 bpd is realized as of September 30, 2018. Second, Pertamina EP is targeted to produce 85,869 bpd of oil, but only 73,618 bpd. Third, Pertamina Hulu Mahakam was set at 48,271 hph, but lifting only reached 44,346 bpd.

CNOOC

While the other two contractors have exceeded the 2018 APBN target, ExxonMobil in the Cepu Block reaches 207,936 bpd, higher than the 2018 APBN target of 205,000 bpd. Another one is CNOOC with a production of 31,141 bpd, exceeding the estimated 2018 State Budget of 30,000 bpd.

In addition to oil and gas lifting, SKK Migas also noted that the achievement of cost recovery as of the end of September 2018 had reached US $ 8.7 billion. This amount is equivalent to 87% of the 2018 State Budget target of US $ 10.1 billion. SKK Migas projects that cost recovery until the end of 2018 will reach US $ 11.7 billion, or reach 116% of the 2018 APBN target.

On the other hand, the achievement of state revenues from upstream oil and gas until the third quarter of 2018 amounted to US $ 11.8 billion or 99% of the 2018 target of US $ 11.9 billion. Until the end of 2018, SKK Migas is optimistic that the state revenue from upstream oil and gas will be US $ 16.1 billion or 135% this year.

IN INDONESIAN

Produksi Minyak Tetap di Bawah Target Nasional

Lima kontraktor besar menguasai 73,34% dari total produksi minyak bumi Indonesia.

Sedikitnya lima kontraldior migas masih mendominasi produksi minyak nasional. Kelima kontraktor tersebut adalah Chevron Pacific Indonesia, ExxonMobil, Pertamina EP, Pertamina Hulu Mahakam dan China National Offshore Oil Corporation (CNOOC) Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) mencatat, kelima kontraktor itu menyumbang total produksi minyak sebesar 667.623 barel per hari (bph).

Jumlah tersebut setara 73,34% dari total lifting minyak nasional hingga kuartal III 2018 yang mencapai 773.923 bph, sedangkan di sektor gas, lima KKKS menyumbang total produksi 761.356 barrel oil equivalent per day (boepd). Jumlah ini setara 66,50% dari total produksi nasional yang mencapai 1,14 juta boepd.

"Lima kontraktor Kontrak Kerja Sama (KKKS) terbesar minyak menyumbang 73% dari total lifting minyak nasional, sedangkan lima KKKS terbesar gas menyumbang 66% dari total lifting gas nasional,” kata Kepala Divisi Program dan Komunikasi SKK Migas Wisnu Prabawa Taher.

Meski demikian, SKK Migas mencatat pencapaian tersebut masih di bawah target yaitu hanya mencapai 96%. Wisnu mengemukakan ada beberapa kendala dalam implementasi produksi migas nasional. Kendala tersebut misalnya dialami oleh PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ). Kontraktor ini menemui kendala teknis peralatan produksi. Kemudian di Blok Rokan, Chevron Pacific masih menghadapi imbas dari masalah teknis pipa di fasilitas produksi beberapa waktu lalu.

Adapun Medco Natuna menghadapi masalah berupa hasil pengeboran yang belum sesuai ekspektasi. Di sisi lain, perusahaan ini juga menjadwal ulang pengeborannya. Selanjutnya, hasil pengeboran Pertamina EP masih di bawah ekspektasi. Sedangkan kendala Pertamina Hulu Mahakam adalah penundaan pengeboran terkait pemilihan rig. 

"Pencapaiannya sekitar 96%, sedikit di bawah target. Memang masih ada beberapa kendala dalam produksi, namun kendala ini ada yang sedang dan sudah tertangani," jelas Wisnu.

Jika mengacu target dalam Anggaran Pendapatan dan Belanja Negara (APBN) 2018, di sektor minyak bumi, masih ada tiga KKKS yang pencapaiannya di bawah target lifting tahunan. Pertama, Chevron Pacific Indonesia yang diproyeksikan 213.551 bph, namun hanya terealisasi 210.582 bph per 30 September 2018. Kedua, Pertamina EP yang ditargetkan memproduksi minyak 85.869 bph, namun hanya terwujud 73.618 bph. Ketiga, Pertamina Hulu Mahakam yang ditetapkan sebesar 48.271 hph, tapi lifting hanya mencapai 44,346 bph.

Sedangkan dua kontraktor lainnya sudah melampaui target APBN 2018, yakni ExxonMobil di Blok Cepu mencapai 207.936 bph, lebih tinggi dari target APBN 2018 sebesar 205.000 bph. Satu lagi adalah CNOOC dengan produksi 31.141 bph, melampaui estimasi APBN 2018 sebesar 30.000 bph.

Selain lifting migas, SKK Migas juga mencatat pencapaian pengembalian biaya operasi (cost recovery) per akhir September 2018 sudah mencapai US$ 8,7 miliar. Jumlah ini setara 87% dari target APBN 2018 sebesar US$ 10,1 miliar. SKK Migas memproyeksikan cost  recovevy hingga akhir 2018 mencapai US$ 11,7 miliar, atau mencapai 116% dari target APBN 2018.

Di sisi lain, pencapaian penerimaan negara dari hulu migas hingga kuartal III 2018 sebesar US$ 11,8 miliar atau 99% target 2018 yang mencapai US$ 11,9 miliar. Hingga akhir 2018, SKK Migas optimistis penerimaan negara dari hulu migas US$ 16,1 miliar atau 135% target tahun ini.

Kontan, Page-14, Wednesday, Oct 10, 2018

Pertamina Ready to Start SES Block

PT Pertamina (Persero) through its subsidiary, PT Pertamina Hulu Energi, is ready to take over the management of the Southeast Sumatra Block (SES) which ends its contract on 5 September. Pertamina will try to boost the production of this block.

Upstream Director of Pertamina Syamsu Alam said the transition process of the SES Block is now underway. Pertamina continues to evaluate, namely the condition of the surface of the soil (surface) and underground (subsurface), to arrange work programs. The reason, one of the concerns of the company is the level of oil and gas production from the block off the coast of South Sumatra.

"The first step is to reduce the decline before it can increase production. Because all age-terminated blocks are mature, it is not easy to increase production without seeing upside potential as an effort to increase reserves, "he said in Jakarta on Thursday (21/6).

Currently, the SES Block is still managed by CNOOC SES Ltd with its partners until September 5th. However, Pertamina has signed a new contract on 20 April. At the time of signing a production sharing contract (PSC), Pertamina promised the first three year investment commitment of US $ 130 million. Referring to the Decree of the Minister of Energy and Mineral Resources (ESDM) regarding the determination of 2018 termination block management, Pertamina is projected to spend US $ 13 million.

The activities that will be carried out in this first year are GGRP / flow unit study, enhanced oil recovery (EOR) study, 5 well water injection conversion, and 7 well workover. In the second year, the investment will be US $ 56 million. This fund will be used for 5 well water injection conversion, 3D / 4D 200 square kilometer seismic, 3 well infill drilling, 5 well well workover, and 2 well field reactivation. In the third year, investments amounting to US $ 61 million, namely for water injection conversion 5 wells, infill drilling 3 wells, workover 5 wells, 3 well yield reactivation, and 4 pilot EOR pilots.

In relation to the exact activities that PHE will undertake this year, PHE Development Director Atif Saifudin said that his side would have to drill the well. This is to maintain oil and gas production in the SES Block. Currently, oil and gas production of the block is recorded at around 30 thousand barrels of oil equivalent per day / BOEPD. Unfortunately, he can not specify how many wells will be drilled.

"Because the drilling plan is divided into several years. We are selective too, if the field is not production we close yes, "he said.

In managing the SES Block, Afif revealed that it opens opportunities for other oil and gas companies to join as partners. However, the selection and determination of this partner is the authority of Pertamina as the holding company. As far as it has not got a partner for the SES Block.

Termination Blocks

Of the eight 2018 termination blocks granted to Pertamina, PHE was tasked with managing four oil and gas blocks namely Tuban Block, Ogan Komering, Southeast Sumatra and North Sumatra Offshore. 

     PHE has managed to take over the management of the Tuban and Ogan Komering Blocks on May 20th. While in North Sumatra Offshore Block there is no need for transition because the block is currently managed by PHE. In these two blocks, PHE will spend US $ 42.25 million in Tuban Block and US $ 23.3 million in Ogan Komering Block in the first three years.

IN INDONESIA

Pertamina Siap Mulai Kelola Blok SES

PT Pertamina (Persero) melalui anak usahanya, PT Pertamina Hulu Energi, siap mengambil alih pengelolaan Blok Southeast Sumatera (SES) yang berakhir kontraknya 5 September nanti. Pertamina akan berupaya untuk menggenjot produksi blok ini. 

Direktur Hulu Pertamina Syamsu Alam mengatakan, proses transisi pengelolaan Blok SES saat ini sudah dimulai. Pertamina terus melakukan evaluasi, yaitu kondisi muka tanah (surface) maupun bawah tanah (subsurface), untuk menyusun program kerja. Pasalnya, salah satu yang menjadi perhatian perseroan adalah tingkat produksi migas dari blok di lepas pantai Sumatera Selatan ini.

“Langkah awal adalah upaya-upaya untuk mengurangi decline sebelum nantinya mampu meningkatkan produksi. Karena semua blok yang terminasi umurnya memang sudah tua (mature field) jadi tidak mudah untuk meningkatkan produksi tanpa melihat upside potential sebagai upaya penambahan cadangan,” kata dia di Jakarta, Kamis (21/6).

Saat ini, Blok SES masih dikelola oleh CNOOC SES Ltd bersama mitranya hingga 5 September nanti. Namun, Pertamina telah meneken kontrak baru pada 20 April lalu. Pada saat menandatangani kontrak kerja sama (production sharing contract/ PSC), Pertamina menjanjikan komitmen investasi tiga tahun pertama sebesar US$ 130 juta. Mengacu pada Keputusan Menteri Energi dan Sumber Daya Mineral (ESDM) tentang penetapan pengelolaan blok terminasi 2018, Pertamina diproyeksikan akan mengeluarkan dana sebesar US$ 13 juta.

Kegiatan yang akan dilakukan pada tahun pertama ini yakni GGRP/flow unit study, studi pengurasan migas tahap lanjut (enhanced oil recovery/ EOR), water injection conversion 5 sumur, serta workover 7 sumur. Selanjutnya di tahun kedua, investasi yang akan dikeluarkan sebesar US$ 56 juta. 

     Dana ini akan dihunakan untuk water injection conversion 5 sumur, seismik 3D/ 4D 200 kilometer persegi, infill drilling 3 sumur, workover 5 sumur, dan field reactivation 2 sumur. Pada tahun ketiga, investasi yang dikeluarkan sebesar US$ 61 juta, yakni untuk water injection conversion 5 sumur, infill drilling 3 sumur, workover 5 sumur, yield reactivation 3 sumur, dan EOR pilot 4 area.

Terkait kegiatan apa saja pastinya yang akan dikerjakan PHE tahun ini, Direktur Pengembangan PHE Atif Saifudin menuturkan, pihaknya pasti akan melakukan pengeboran sumur. Hal ini untuk mempertahankan produksi migas di Blok SES. Saat ini, produksi migas blok tersebut tercatat sekitar 30 ribu barel setara minyak per hari/BOEPD. Sayangnya, dia tidak dapat merinci berapa banyak sumur yang akan dibor. 

“Karena rencana pengeboran dibagi beberapa tahun. Kami selektif juga, kalau lapangan sudah tidak produksi ya kami tutup," tutur dia. 

Dalam mengelola Blok SES, Afif mengungkapkan bahwa pihaknya membuka peluang untuk perusahaan migas lain bergabung sebagai mitra. Namun, pemilihan dan penentuan mitra ini merupakan wewenang Pertamina sebagai induk perusahaan. Sejauh pihaknya belum mendapat mitra untuk Blok SES.

Dari delapan blok terminasi 2018 yang diberikan ke Pertamina, PHE mendapat tugas mengelola empat blok migas yakni Blok Tuban, Ogan Komering, Southeast Sumatera, dan North Sumatera Offshore. PHE telah berhasil mengambil alih pengelolaan Blok Tuban dan Ogan Komering pada 20 Mei lalu. 

     Sementara di Blok North Sumatera Offshore tidak perlu ada transisi karena blok tersebut saat ini juga dikelola PHE. Di dua blok ini, PHE akan mengeluarkan dana sebesar US$ 42,25 juta di Blok Tuban dan US$ 23,3 juta di Blok Ogan Komering pada tiga tahun pertama.

Investor Daily, Page-9, Friday, June 22, 2018

Pertamina Will Keep SES Production

PT Pertamina Hulu Energi prepares for the transition period of several termination working areas that have been transferred to the company. One of them is the Southeast Sumatra (SES) working area whose production will be maintained at about 30,000 barrels of equivalent per day. 

    Development Director of Upper Energy Pertamina (PHE) Afif Saifuddin said that the transition period of Southeast Sumatra (SES) working area is ready ahead of the management transition which is still managed by CNOOC. The company has also prepared the transition plan for the management switch since the end of last year.

"We have prepared various strategies to make the transition smooth and smooth," he said.

According to Afif, SES production is currently in the range of 30,000 barrels oil equivalent per day. The Company will also strive to maintain production within the transition periods.

"We are trying to stay in the range of 30,000 barrels of oil equivalent per day," he said.

He admitted that the management of SES is quite challenging because it belongs to one of the working areas that have aged. The age of existing wells in SES is almost the same as in Offshore North West Java (ONWJ).

"We are also identifying more details about it."

Afif explained that the company will also conduct a new drilling at SES. Only, the drilling scheme will be divided in the next few years.

"We will also be selective in the development of SES. If, there is a field that is not productive will also be closed, too, "he said.

The working area of ​​the SES will end its contract in September 2018. PHE commits the first 3 years for development in the SES working area of ​​US $ 130 million.

SES became one of the 2018 termination work areas that required a switchover from the previous operator, CNOOC. In contrast to some 2018 termination areas, such as Tuban, Ogan Komering, and North Sumatra Offshore already managed by Pertamina previously.

In addition to SES, 2018 terminated oil and gas working areas requiring a transitional period is Sanga-Sanga. Previously, the working area to be terminated in August 2018 was managed by VICO and PT Saka Energi Indonesia. Then, there is also Attaka & East Kalimantan which is used as one working area previously managed by Chevron. Upstream Director of PT Pertamina (Persero) Syamsu Alam said that the termination work transition obtained by the company has been processed immediately.

"The problem is that the transition period of 2018 termination work contract with new contract is very close," he said.

Pertamina received eight termination work areas in 2018. This government-owned company also assigned PHE to four working areas, Tuban, Ogan Komering, SES, and NSO. In addition, Pertamina also assigned another subsidiary of PT Pertamina Hulu Indonesia to manage the work area of ​​Sanga-Sanga, Attaka & East Kalimantan, and the Central Block.

IN INDONESIA

Pertamina Akan Jaga Produksi SES

PT Pertamina Hulu Energi mempersiapkan masa transisi beberapa wilayah kerja terminasi yang sudah dialihkan kepada perseroan. Salah satunya, wilayah kerja Southeast Sumatera (SES) yang produksinya akan dijaga sekitar 30.000 barel ekuivalen per hari. Direktur Pengembangan Pertamina Hulu Energi (PHE) Afif Saifuddin mengatakan bahwa masa transisi wilayah kerja Southeast Sumatera (SES) sudah siap menjelang peralihan pengelolaan yang saat ini masih dikelola oleh CNOOC. Perseroan pun sudah mempersiapkan rencana transisi peralihan pengelolaan itu sejak akhir tahun lalu.

“Kami sudah siapkan berbagai strategi agar masa transisi bisa smooth dan lancar,” ujarnya.

Menurut Afif, produksi SES saat ini berada di kisaran 30.000 barel ekuivalen minyak per hari. Perseroan pun akan berupaya untuk bisa mempertahankan produksi dalam periods peralihan tersebut.

“Kami berupaya untuk bisa terjaga di kisaran 30.000 barel ekuivalen minyak per hari," ujarnya.

Dia mengakui bahwa pengelolaan SES memang cukup menantang karena termasuk salah satu wilayah kerja yang sudah uzur. Umur sumur-sumur yang ada di SES hampir sama dengan di Offshore North West Java (ONWJ).

“Kami pun sedang mengidentifikasi Iebih detail hal tersebut.”

Afif menjelaskan bahwa perseroan pun akan melakukan pengeboran baru di SES. Hanya saja, skema pengeboran akan dibagi dalam beberapa tahun ke depan.

“Kami pun akan selektif juga dalam pengembangan SES. Kalau, ada lapangan yang sudah tidak produktif pun akan Iangsung ditutup juga,” ujarnya.

Wilayah kerja SES akan berakhir kontraknya pada September 2018. PHE memberi komitmen pasti 3 tahun pertama untuk pengembangan di wilayah kerja SES senilai US$ 130 juta.

SES menjadi salah satu wilayah kerja terminasi 2018 yang membutuhkan masa peralihan dari operator sebelumnya yakni, CNOOC. Berbeda dengan beberapa wilayah kerja terminasi 2018, seperti Tuban, Ogan Komering, dan North Sumatera Offshore yang memang sudah dikelola oleh Pertamina sebelumnya.

Selain SES, wilayah kerja migas terminasi 2018 yang membutuhkan periode peralihan adalah Sanga-Sanga. Sebelumnya, wilayah kerja yang akan terminasi pada Agustus 2018 itu dikelola oleh VICO dan PT Saka Energi Indonesia. Lalu, ada juga Attaka & East Kalimantan yang dijadikan satu wilayah kerja yang sebelumnya dikelola oleh Chevron. Direktur Hulu PT Pertamina (Persero) Syamsu Alam mengatakan bahwa transisi wilayah kerja terminasi yang didapatkan perseroan sudah langsung diproses secepatnya.

“Soalnya, masa peralihan habis kontrak wilayah kerja terminasi 2018 itu dengan kontrak baru sangat berdekatan,” ujarnya. 

Pertamina mendapatkan delapan wilayah kerja terminasi 2018 tersebut. Perusahaan milik pemerintah ini pun menugaskan PHE pada empat wilayah kerja yakni, Tuban, Ogan Komering, SES, dan NSO. Selain itu, Pertamina juga menugaskan anak usaha lainnya yakni PT Pertamina Hulu Indonesia untuk mengelola wilayah kerja Sanga-Sanga, Attaka & East Kalimantan, dan Blok Tengah.

Bisnis Indonesia, Page-22, Friday, June 22, 2018

The Profit Sharing Scheme is questioned again

A number of members of Commission VII (Energy) of the House of Representatives (DPR) again questioned the oil and gas sharing scheme based on gross production or gross split. Therefore, this scheme is considered not able to improve the investment climate. In the first quarter of 2018, production target of ready to sell or lifting of oil and gas has not been able to reach the target. On the other hand, according to the government, the gross split scheme actually makes the auction of oil and gas blocks desirable.

In a hearing session of Commission VII of the House of Representatives (DPR) with the Special Working Unit for Oil and Gas Upstream Business Activity (SKK Migas) and head of upstream oil and gas company on Thursday (31/5/2018), in Jakarta; the question of gross split reappeared. A day earlier, in a working meeting with the Ministry of Energy and Mineral Resources (ESDM), the effectiveness of this scheme was also asked by a number of members of Commission VII DPR. The question is based on the achievement of the Ministry of Energy and Mineral Resources in the first quarter of 2018.

Based on SKK Migas data, oil lifting until April 30, 2018 as much as 741,900 barrels per day. The achievement is still below the target of the 2018 APBN as much as 800,000 barrels per day. The lifting of natural gas up to April 30, 2018 amounted to 6.450 million standard cubic feet per day (MMSCFD) or still below the target of the 2018 APBN of 6,720 MMSCFD. Member of Commission VII of the House of Representatives Kardaya Warnika, suggested the government to review gross split schemes if necessary.

"Do not let this scheme, big oil and gas companies do not want to invest in Indonesia again. This will be dangerous for exploration impact. Only large companies want to explore, "he said.

Vice Chairman of Commission VII Herman Khaeron said the first gross split scheme implemented in the Offshore Block North West Java is recommended to be evaluated if it gives unfavorable results. On the sidelines of the meeting, a number of members of Commission VII questioned the reason China National Offshore Oil Corporation (CNOOC) did not follow the auction of South East Sumatra block.

China National Offshore Oil Corporation (CNOOC)

CNOOC is still the operator of the block until September 2018. The government has decided to continue the management of the South East Sumatra block handed over to Pertamina Hulu Energi.

"We are not interested in the gross split scheme (so do not participate in the auction). If with cost recovery, we are still willing, "said President Director of CNOOC Cui Hanyun, answering questions from members of Commission VII.

Head of SKK Migas Amien Sunaryadi said, not all parties have the same opinion about the gross split. However, it is open to all input.

IN INDONESIA

Skema Bagi Hasil Dipersoalkan Lagi 

Sejumlah anggota Komisi VII (Energy) Dewan Perwakilan Rakyat (DPR) kembali mempersoalkan skema bagi hasil minyak dan gas bumi berdasarkan produksi bruto atau gross split. Sebab, skema ini dianggap belum mampu memperbaiki iklim investasi. Pada triwulan I-2018, target produksi siap jual atau lifting minyak dan gas bumi belum mampu mencapai target. Di sisi lain, menurut pemerintah, skema gross split justru membuat lelang blok migas diminati.

Dalam rapat dengar pendapat Komisi VII DPR dengan pihak Satuan Kerja Khusus Pelaksana Kegiatun Usaha hulu Minyak dan Gas Bumi (SKK Migas) dan pimpinan perusahaan hulu migas, Kamis (31/5/2018), di Jakarta; pertanyaan mengenai gross split kembali muncul. Sehari sebelumnya, dalam rapat kerja dengan Kementerian Energi dan Sumber Daya Mineral (ESDM), efektivitas skema ini juga ditanyakan sejumlah anggota Komisi VII DPR. Pertanyaan itu berdasarkan pencapaian kinerja Kementerian ESDM pada triwulan I-2018.

Berdasarkan data SKK Migas, lifting minyak hingga 30 April 2018 sebanyak 741.900 barrel per hari. Pencapaian itu masih di bawah target APBN 2018 yang sebanyak 800.000 barrel per hari. Adapun lifting gas bumi sampai dengan 30 April 2018 sebanyak 6.450 juta standar kaki kubik per hari (MMSCFD) atau masih di bawah target APBN 2018 yang sebanyak 6.720 MMSCFD. Anggota Komisi VII DPR Kardaya Warnika, menyarankan pemerintah mengkaji kembali skema gross split jika diperlukan. 

”Jangan sampai gara-gara skema ini, perusahaan besar migas tidak mau berinvestasi di Indonesia lagi. Ini akan berbahaya dampaknya bagi eksplorasi. Hanya perusahaan besar yang mau melakukan eksplorasi,” katanya.

Wakil Ketua Komisi VII Herman Khaeron mengatakan, skema gross split yang pertama kali diterapkan di Blok Offshore North West Java disarankan untuk dievaluasi jika memberikan hasil kurang baik. Di sela-sela rapat, sejumlah anggota Komisi VII mempertanyakan alasan China National Offshore Oil Corporation (CNOOC) tidak mengikuti lelang blok South East Sumatera.

CNOOC masih menjadi operator blok tersebut hingga September 2018. Pemerintah sudah memutuskan kelanjutan pengelolaan blok South East Sumatera diserahkan kepada Pertamina Hulu Energi.

”Kami tidak tertarik dengan skema gross split (sehingga tidak ikut lelang). Kalau dengan cost recovery, kami masih bersedia,” ujar Presiden Direktur CNOOC

Cui Hanyun, menjawab pertanyaan anggota Komisi VII.

Kepala SKK Migas Amien Sunaryadi mengatakan, tidak semua pihak mempunyai pendapat yang sama soal gross split. Namun, pihaknya terbuka terhadap segala masukan.

Kompas, Page-18, Saturday, June 2, 2018

Regulatory Reform Needs, Accelerate Oil and Gas Infrastructure

According to an economic observer from Airlangga University, Dr. Nafik HR, the current government must reform its economic policies which are still using a neoliberal paradigm by replacing them with economic policies that are in favor of the people's and national interests and of course constitutional.

Let's just say frankly that the abundant natural wealth so far has been managed by foreign parties, and it is very profitable for them. Therefore, this is what must be taken over to become fully national control.

Then protect the control and development as well as the use of alternative energy such as geothermal, hydropower, solar power, and others that are still very potent. Later it can be managed by state companies such as Pertamina or other national private companies, to help the Indonesian government reduce national imports and in order to increase the production of domestic energy resources and consumption.

Of course, to manage this abundant oil and gas sector and alternative energy, Pertamina needs full support, especially regulations from the government, because so far it turns out that, in terms of managing oil and gas resources, Pertamina is not given the main authority and especially when compared to foreign companies such as Petronas (Malaysia). ), Shell (Netherlands), Chevron (USA), Total (France), ConocoPhillips (USA), ExxonMobil (USA), CNOOC (China), ENI (Italy), KUFPEC (Kuwait), British Petroleum (UK), and so. Just look at how the Regulation of the Minister of Energy and Mineral Resources Number 15 of 2015 is actually very detrimental to Pertamina.

So that whenever this country is declared to exist, the hope that this nation will have energy independence will definitely not be realized. The government's mistakes in the past in managing our natural wealth should be used as a lesson so that in the future it will be returned again for the prosperity of the people.

A legal observer from the University of Muhammadiyah Surabaya (UMS) Umar Sholahudin assessed that regulation is still seen as one of the homework that must be done in national development planning. Umar admits that there are many overlapping, multi-interpreted, disharmony, or inconsistent laws and regulations, all of which actually disturb the investment climate or economic growth, for example, there are regulations governing the same sector but with different mechanisms.

Not a single state institution knows the exact number of laws and regulations issued by the central government and local governments. It means that the government, and the House of Representatives (DPR), are not serious about reforming regulations. The Minister of Energy and Mineral Resources Regulation No. 15/2015 on the management of Oil and Gas working areas whose contract period will expire is very clearly detrimental to Pertamina as a state company.

This ministerial regulation considers Pertamina to be the same as other oil and gas companies when it wants to take over the management of the oil and gas Working Area (WK) which will expire. The full authority of the Ministry of Energy and Mineral Resources to choose/determine which companies will be granted oil and gas management concessions will undermine Pertamina's important role.

In fact, the ministerial regulation has clearly stated that the government does not at all give guarantees to Pertamina to control the concession of the oil and gas working area which will expire, even though there has been a Government Regulation of the Republic of Indonesia Number 35 of 2004 which favors the national interest in terms of controlling national oil and gas resources.

In short, Pertamina must be more empowered, play a dynamic role in obtaining full concessions or the holder of all concessions for all projects at the forefront of the oil and gas and energy sectors so that they have a major impact on Pertamina's progress, and can choose partners if necessary.

In the 2015-2019 National Medium-Term Development Plan (RPJMN) stipulated by Presidential Regulation No. 2 of 2015, energy security is described as to the extent to which energy can be provided in a timely manner and with guaranteed availability, affordable prices, and acceptable quality.

The indicators are the amount of energy, the availability of infrastructure, the price of energy, the quality of energy, as well as the energy portfolio or mix. Energy security also has an element of sustainability so its management must pay attention to the carrying capacity of the environment. According to Dwi Sutjipto, the government is serious about realizing energy independence, as evidenced by the acceleration in the development of energy infrastructure projects.

Various regulations stimulate the development of energy sources at a time when there is a lack of discovery of national oil and gas reserves and fluctuations in world oil prices. The acceleration of energy infrastructure is the main key to creating energy independence now and in the future.

According to Dwi Sutjipto, Pertamina has become the backbone of national energy fulfillment. Not only contributing to the production of energy sources in the form of oil and natural gas which contribute as foreign exchange for the country, Pertamina also has the task of providing and distributing the ever-increasing supply of fuel oil (BBM) and gas.

Pertamina's Vice President of Corporate Communication Wianda Pusponegoro explained as a national oil company (NOC) Pertamina has the responsibility to ensure that energy supply is always in a safe condition for national energy security, under any circumstances. In order for this to be realized, Pertamina has launched 5 strategic priorities, namely, the development of the upstream sector, efficiency in all lines, increasing the capacity of refineries and petrochemicals, developing infrastructure and marketing, and improving the financial structure.

Wianda Puponegoro

According to Wianda, the five strategic priorities are implemented through various innovations. Pertamina's innovations include ensuring that all projects to support energy independence continue. Such as refinery development projects and the construction of new refineries, as well as the development of marketing infrastructure continues according to the established roadmap. International business development is a critical factor for Pertamina to develop into an international class company and to support the realization of national energy security.

Bhirawa, Page-4, Wednesday, Oct 26, 2016