Pertamina Add 10% Participating Interest in Iraq

PT Pertamina Internasional EP (PIEP) through its direct subsidiary, namely - PT Pertamina Iraq EP has purchased 10% Participating Interest (PI) from ExxonMobil Iraq Limited's (EMIL). 

The field operated by EMIL as the Lead Contractor is in the southern part of Iraq, close to the city of Basra which is 400 km southeast of the capital Baghdad.

Since obtaining cooperation contracts in several countries, PIEP has carried out its commitment as a partner who has added value in various aspects of operations and always prioritizes active collaboration with various partners in all of its operations. 

In its operations in West Qurna 1, PIREP as a direct subsidiary of PIEP partners very harmoniously with EMIL, ITOCHU, PetroChina, and Oil Exploration Company (OEC) Iraq. This is proven by the completion of the 10% PI purchase at the end of 2022.

Wiko Migantoro, the Main Director of Pertamina Hulu Energi as Subholding Upstream Pertamina, expressed his gratitude to all stakeholders who have helped. 

"All the main stakeholders in Iraq continue to place their trust in Pertamina to continue its existence as an important partner in the management of the West Qurna 1 operating field," said Wiko.

While John Anis, Main Director of PIEP also emphasized, "With a total of 20% PI, Pertamina's role as a partner that has good performance, is reliable and continues to grow to carry out active cooperation with all partners, especially EMIL in supporting its work program to develop West Qurna 1 to achieve its best potential in producing oil in the field and continue to provide added value to other partners."

John Anis further added, "in 2023 and in the future, PIEP can ensure that this acquisition can provide additional production to Pertamina's Upstream Subholding of 100,000 BOPD and it is hoped that this production can continue to increase in accordance with the potential of the West Qurna 1 field".

"With the spirit of Go Global, Pertamina believes that with a strong commitment to continue to grow and develop, it will strengthen its position as a World Class National Energy Company," concluded Wiko.

PT Pertamina Hulu Energi (PHE) as Subholding Upstream through PT Pertamina Internasional EP (PIEP) plays a key role in cooperation with foreign partners, especially in the field of Oil and Gas Exploration and Production which operates on 4 continents and 12 countries, one of which is oil and gas operations in Iraq which has one of the largest oil and gas reserves in the world. 

Other countries are Algeria, Malaysia, Canada, Colombia, France, Gabon, Italy, Myanmar, Namibia, Nigeria, and Tanzania.

One of the main objectives of establishing PIEP by PT Pertamina (Persero) is to strengthen the role of PT Pertamina (Persero) in managing national energy security, by increasing oil and gas reserves and production from overseas assets and operations.

Since its establishment, PIEP has been committed to contributing by bringing products from abroad to Indonesia (Bring Barrels Home) to meet the needs of PT Pertamina (Persero) refineries, as well as a form of PIEP's contribution in filling the gap between demand and supply of oil and gas in Indonesia.

Based on PIEP's 2021 Financial Report, from 2014 to 2021, PIEP has contributed as much as 51 million barrels of oil, or around US$ 2.8 billion to be sent domestically. This means that PIEP has contributed to improving Indonesia's balance of payments. About more than 80% of the oil produced from abroad has been sent to domestic refineries.

PIEP's net profit in 2021 recorded the highest record with an achievement of US$ 254.98 million or grew 134.31% year on year (YOY). In 2021, PIEP has succeeded in implementing the OPTIMUS project which is a net profit optimization program with a total achievement or exceeding 377% of the optimization target of US$ 11.06 million. This achievement consisted of additional revenue growth of US$3.24 million which was an acceleration of Place Into Service (PIS) in Algeria and US$38.49 million which came from cost optimization. 

PIEP's net profit in 2021 recorded the highest record at US$ 254.98 million which grew by 134.31% (YOY).

PIEP's crude oil production in 2021 was realized at 96.67 MBOPD or 101.43% of the target of 95.31 MBOPD and the realization of PIEP's natural gas production in 2021 was recorded at 326.61 MMSCFD or 104.54% of the target of 312.42 MMSCFD.

Investor Daily, Page-10, Tuesday, Feb 21, 2023

After the Accident Incident, Petrochina's Production Activities Are Still Normal

    The PetroChina Cooperation Contract Contractor (KKKS) stated that until now, oil and gas production activities in the Jabung Working Area are still proceeding normally, following the accident in the WB-D7 well area in West Tanjung Jabung, Jambi, which is operated by Drilling Service Companies on Monday (9/1).

"Production activities are still ongoing and the investigation process in the field is continuing," PetroChina Vice President Human Resources and Relations Dencio Renato Boele said in a written statement, Wednesday (11/1).

    It was stated that the accident involved three workers, two of whom came from the Bohai Drilling Contractor company and one came from the Great Wall Drilling Contractor. The two service companies are contractors providing the Bohai-85 Rig which is currently carrying out a workover program at the WB-D7 well in the Jabung Working Area.

    Currently, the three workers who were injured in the accident have been treated at a hospital in Jambi. After a thorough examination, one employee was allowed to undergo outpatient treatment and the other two continued intensive care at the hospital.

"Two workers who are still being treated are currently in stable condition and are receiving further treatment from a team of specialist doctors. For information, one person is being treated for burns and one person is being treated for a broken bone," PetroChina Vice President Human Resources and Relations Dencio Renato Boele said.

"Currently, we continue to coordinate with the Drilling Service Companies for patient treatment and improvement of rig conditions on-site. We have also reported this incident to SKK Migas and the Directorate General of Oil and Gas," Dencio.

Blogger Agus Purnomo In SKK Migas

    The Head of Representative of SKK Migas Sumbagsel Anggono Mahendrawan confirmed the incident. 

"We have received a report of a work accident at Rig Bohai-85 last night, there were no fatalities, but three people were injured," said Anggono. 

"Nevertheless, SKK Migas requests that the PetroChina PSC Contractors immediately investigate this incident and work together with stakeholders in the regions according to their respective duties and functions, which pay attention to the corridors of the applicable laws and regulations," he continued.

    Anggono said that in principle SKK Migas always emphasizes that PSC Contractors carry out upstream oil and gas operations in accordance with applicable SOPs including in terms of maintaining security and reliability. 

    Anggono also prayed that the condition of the workers, especially the two workers who are currently undergoing intensive care at the hospital, will soon improve and be able to go home.

#PetroChina

Investor Daily, Page-10, Thursday, Jan 12, 2023

Contract Extended Until 2043, PetroChina Continues Jabung Block Development

 

    PetroChina International Jabung Ltd. is ready to continue aggressively developing the Jabung Working Area (WA) after confirming the contract extension of this oil and gas block from the Indonesian government for the 2023-2043 period.

    After obtaining confirmation of the Jabung WA contract extension at the end of 2021, PetroChina immediately submitted a program to drill 11 development wells in 2022. PetroChina also added three development well programs this year, bringing the total drilling to 14 locations.

    In addition, PetroChina also started field trials for the CO2 Injection Huff & Puff program at the Gemah 6 well, and high-performance water-based mud for the Gemah-69 and Panen-D13 wells at the end of this year.

"Over the next 20 years, we are committed to carrying out various exploration, development, and maintenance programs for production facilities," said PetroChina President Director Qian Mingyang.

Qian Mingyang

    The 'Drilling Campaign 2022' development program in 14 locations began January 21 with the first drill in the Panen-D10 well. Furthermore, the same program was carried out in four wells in the Harvest Field, seven wells in the Gemah Field, one well in the West Betara Field, and one well in the Sabar Field.

    The drilling program in nine wells resulted in the initial production of 4,091 barrels of oil and condensate per day, as well as 28.6 million standard cubic feet per day (MMSCFD) of crude gas. 

    The other five wells are still in the completion stage and are estimated to produce an initial total production of 2,717 barrels of oil and condensate per day, as well as 7.4 MMSCFD of crude gas.

"The promising initial production results prove that Jabung still has the potential to be developed in the future. PetroChina will continue to look for prospective wells candidates in the Jabung area for development programs in the coming years," said Qian.

    In 2023, PetroChina plans to drill 2 exploration wells and 11 development wells in the Jabung block. The drilling of 2 exploration wells will be carried out in the NEB (North East Betara) field, while 11 development wells will be carried out in 6 previously developed fields such as South Betara, NEB, Panen, Gemah, Sabar, and West Betara.

    Currently, Jabung is one of the best-performing oil and gas working areas in the country. This work area was first operated in 1993 through the signing of a Production Sharing Contract (PSC) for a period of 30 years. This block, which is located in Jambi Province, recorded its first oil discovery in the North Geragai Oil Field in 1995, and its first production in 1997.

    PetroChina took over the management of Jabung CA from Devon Energy in 2002 and works under the supervision and control of SKK Migas. In managing the Jabung Working Area, PetroChina partners with PT Pertamina Hulu Energi Jabung, PT GPI Jabung Indonesia, and Petronas Carigali (Jabung) Ltd. (eng).

    Since 2006 until now, PetroChina has managed to maintain a stable average daily production above 50,000 barrels of oil equivalent per day (BOEPD). Until September this year, Jabung had produced a total of 399.01 MMBOE of oil, condensate, LPG, and gas sales. In addition to an aggressive development program, 2022 will also mark several implementations of new technology in Jabung.

#PetroChina

Investor Daily, Page-10, Thursday, Jan 5, 2023

Maintain Production of Rokan Block Pertamina Agrees on 65 BBTUD Gas Supply

    PT Pertamina Hulu Rokan (PHR), a subsidiary of PT Pertamina Hulu Energi, signed two memorandums of understanding/MoU on gas supply of 65 billion British thermal units per day/BBTUD for the Rokan Block. The gas supply will be used in operations to maintain the production stability of the block.

The Tokan Block By Chevron

    The first MoU signed was with PetroChina International Jabung Ltd (PIJL) for gas supply for steam flood operations in the Rokan Block of 50 BBTUD, estimated to start flowing in 2023. The steam flood operation is an enhanced oil recovery/EOR activity for oil production in the Duri Field, Rokan Block.

Repsol 

    The second agreement with Repsol Sakakemang BV is 15 BBTUD. This supply is to fulfill gas needs for the operational needs of the Rokan Block after the handover of operations from PT Chevron Pacific Indonesia (CPI) on August 9, 2021.

PT Chevron Pacific Indonesia (CPI)

    Regarding the MoU with Repsol, Pertamina Hulu Energi President Director Budiman Parhusip said it would be valid for two years. This agreement will be the basis to conduct discussions and studies on the possibility of utilizing the potential supply of gas from the Sakakemang Block to fulfill gas needs in the Rokan Block.

"This gas sale and purchase activity can be carried out after PHR and Repsol Sakakemang BV have obtained an approval letter for gas allocation from the Government of the Republic of Indonesia," said Budiman.

PetroChina

    The same applies to the MoU with PetroChina Jabung. President Director of PT Pertamina Hulu Energi Jabung Taufik Adityawarman said that the gas supply would be used starting February 27, 2023, and was valid for one year. However, the realization of this gas supply is still waiting for the government's decision regarding the production sharing contract/PSC of the Jabung Block which ends on February 26, 2023.

"But that was after the seller signed the new Jabung Block cooperation contract with the Government of the Republic of Indonesia," explained Taufik.

    At the same time, the process of managing the Rokan Block continues. One of them is the existing contract mirroring process, which currently has reached 95% or 276 contracts out of a total of 290 contracts.

"The process of procuring goods and services at PHR for the Rokan block is carried out using several methods, namely mirroring for existing contracts at CPI and new procurement for contracts that do not yet exist in CPI or mirroring," said Pertamina Hulu President Director Rokan Jaffee. A Suardin.

    In addition, the procurement of PT Pertamina Hulu Rokan (PHR) is also through the Local Business Development (LBD) program. Currently, 260 LBD contracts will be processed separately involving around 690 LBD partners. The first stage of LBD socialization was carried out at the end of May and is in the process of contracting for the remainder of this month. PHR continues to seek to expand the involvement of the surrounding community.

Investor Daily, Page-9, Saturday, June 19, 2021

Pandemic Effects Of The Upper Oil and Gas Load

 

The national oil and gas industry is not yet optimally producing significant results in the first quarter of 2021. The realization of ready-to-sell production is still below the target.

Blogger Agus Purnomo in SKK Migas

Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto said the realization of ready-to-sell production or oil and gas lifting during the first quarter of 2021 was 1,665.25 Mboepd or 97.3% of this year's APBN target of 1,711.78 Mboepd.

In detail, the realization of oil lifting in the first quarter of 2021 was recorded at 676,200 barrels per day (BOPD), or only 96% of this year's APBN target of 705,000 BOPD. Likewise, the realization of natural gas lifting in the first quarter of 2021 was 5,539 MMScfd, or 98.2% of the APBN target of 5,638 MMscfd.

“From the oil side, the entry point at the end of 2020 is very low. At that time it was 699 MBOPD and because there was a decrease in investment, the level of production was not appropriate. That is one of the factors affecting the performance that was not achieved in the first quarter of 2021, "he said.

Exxon Mobil Cepu Ltd. (EMCL)

Dwi added that oil and condensate production missed plans in several fields. For example in the Banyu Urip field by Exxon Mobil Cepu Ltd. (EMCL) which experienced an increase in water cut and also in the Sukowati Tuban field in East Java by PT Pertamina EP. Dwi said Exxon Mobil Cepu (EMCL) and Pertamina EP contributed to the shortfall in the national lifting target of 10,000 bopd each.

BP

In addition, there has been a decline in the contribution of drilling several wells, namely Pertamina Hulu East Kalimantan and Minarak Brantas Gas. This condition was exacerbated by the unplanned shutdown in the first quarter of 2021 at Train-1 and Train 2 at BP Berau, CPGL Suban Plant, and at BGP Petrochina Jabung.

Petrochina

"We are trying to calculate, the year-end outlook will not reach 705,000 bopd, but we are trying to make a strategy for no decline in 2021. We can get closer as possible," Dwi said.

Pertamina EP

Meanwhile, the failure to achieve the realization of natural gas lifting was also partly due to the inability to achieve Pertamina EP production. In addition, there are differences in assumptions related to the completion of the Tangguh Train-3 project.

Dwi said that the Tangguh Train-3 project is assumed to be completed at the beginning of this year under these assumptions. But in reality, the project is declared to be shifted until the end of 2021 and there is a possibility that it will be completed next year.

Meanwhile, the organizational reshuffle that has taken place within the PT Pertamina (Persero) group is considered to be one of the causes for the low-performance achievement of this state-owned company in the upstream oil and gas sector. According to Dwi, this is a natural fit when there is an overhaul of the organizational structure. The reason is that the investment has not been able to take place smoothly.

“Subholding is a cause and a process. That usually happens, but Pertamina has carried out harmonization, "he said.

Based on SKK Migas data, in the first quarter of 2021, the Pertamina group cooperation contract contractors (KKKS) that did not meet the APBN oil lifting target included Pertamina EP which only reached 98.8% of the target, Pertamina Hulu Energi Oses 89% of the target, and Pertamina Hulu East Kalimantan 83.6%. Meanwhile, for the realization of natural gas lifting, only Pertamina EP did not reach the target of the Pertamina group with a realization of 99.8% of the target.

Dwi said SKK Migas has communicated directly with both the parent and the upstream sub-holding Pertamina regarding the investment process in the upstream oil and gas sector. SKK Migas has asked the state-owned company to speed up its investment process.

"In the last meeting, it has been announced that starting this month, the issue of waiting for FID is no longer allowed and it has been implemented. Pertamina has determined and raised the investment limit that can be made in the subsidiary, "he explained. Pertamina has stated that it is ready to increase its investment to increase operational performance by up to 20% this year.

Pertamina's Senior Vice President for Corporate Communications & Investor Relations Agus Suprijanto said that to achieve this target, Pertamina has set a Capital Expenditure / Capex budget of US $ 10.7 billion in 2021, a drastic increase from last year's CAPEX realization prognosis of US $ 4.7 billion.

Agus explained that from the total CAPEX, as much as 46% will be allocated for upstream oil and gas activities as an effort to ensure an increase in production and oil and gas reserves. The addition of oil and gas reserves is targeted to reach 696 MMboe or nearly four times the target of adding reserves last year.

Meanwhile, 36% of the CAPEX will be allocated to continue the development of refineries and petrochemicals, while the remaining 18% will be used for other business activities, including continuing the development of new and renewable energy.

"The budget shows Pertamina's high optimism to continue to grow and rise amid the Covid-19 pandemic by continuing the projects or business development that had been going on since the previous year and at the same time creating new initiative programs," said Agus.

OLD FIELD

Reforminer Institute founder Pri Agung Rakhmanto argues that lifting is difficult to reach the target because KKKS still continues to rely on old fields, leading to a downward trend.

According to him, the characteristics of the field in addition to the cost per barrel tend to increase and are difficult to predict technically in terms of production operations.

"This is the main technical reason why lifting often does not reach the target. From year to year, we will always struggle with this problem when talking about lifting achievements with the existing fields, "he said.

In connection with the low production of the Pertamina group, Pri Agung assessed that the main cause was not from overhauling the organizational structure through the formation of sub-holding.

"In my opinion, it has nothing to do with the holding sub-holding issue. Lifting is more on short-term managerial issues and operational technical matters, ”he explained.

Executive Director of the National Oil and Gas Companies Association (Aspermigas) Moshe Rizal said that almost all fields in Indonesia have reached their peak production period. So, it is natural for lifting to fall.

Therefore, it needs interventions such as the development of new fields or exploration. In addition, an enhanced oil recovery (EOR) program can be carried out for fields that have entered the secondary or tertiary production phase.

"The problem is that most fields have not prepared the EOR program from an early age so that the development of the EOR program is very expensive and often no longer goes into the field economy," he said.

He added that the low realization of national lifting was also caused by the attitude of investors who are still waiting for the situation to handle Covid-19. Even though the oil price has been very stable above $ 60 per barrel, the situation is still full of uncertainty.

"Investors will focus their investment in areas with lower risk, for example, fields that are already producing and still reduce exploration first," he explained.

Bisnis Indonesia, Page-4, Tuesday, April 27, 2021

Mudi-26 Field Increases PHE TEJ Production in Tuban

    Pertamina Hulu Energi Tuban East Java (PHE TEJ), continues to carry out its commitment to maintaining the country's energy security. One of them is the successful implementation of the Mudi-26 Well Drilling. 

Pertamina Hulu Energi Tuban East Java (PHE TEJ)

    The Mudi-26 Well Drilling was able to record production test results of 531 Barrel Oil Per Day (BOPD) This figure exceeds the initial target of 200 BOPD, thus increasing the production increase from the Mudi field in Tuban Block.

"The success of drilling the Mudi-26 well is one of the fulfillment of a definite commitment, the Mudi-26 infill well was drilled with a depth of 3,005 meters. This drilling takes 73 days of drilling and 12 days of completion, "said the acting General Manager of TEJ's PHE Riko Meidiya Putra.

    Riko explained that the Mudi-26 well was successfully produced in the Tuban Carbonate Formation layer. Apart from exceeding the production target, this well will also increase the oil and gas reserves of the Tuban Block in East Java and open up new opportunities for wells in the Mudi field.

"We express our deepest gratitude to all parties who have supported the success of drilling the Mudi-26 well. I hope that in the future PHE TEJ production will continue to increase so that it can participate in supporting the target of achieving national energy production," said Riko.

PetroChina

    Riko conveyed that the success of drilling the Mudi-26 well proves PHE Tuban East Java officers' ability to increase Mudi field production after the transition from the previous operator, namely, Joint Operating Body Pertamina PetroChina East Java (JOB-PPEJ). Additional production from Mudi-26 well is 531 BOPD brings the total production of PHE Tuban East Java oil to 1731 BOPD.

"This success is due to solid teamwork and prayers and support from all internal and external parties. Meanwhile, the Field Manager of PHE TEJ Taryono said that the Mudi-26 well drilling was successfully carried out by applying superior HSSE with zero LTI, zero TRIR, and no environmental issue results.

"PHE TEJ is a subsidiary of PT Pertamina Hulu Energi (PHE) which is engaged in the upstream oil and gas business in the Tuban Work Area (WA). PHE TEJ is officially 100 percent managed by PHE using a production sharing contract or gross split covering 4 Field Areas, namely Mudi, Lengowangi, South Bungoh, and Bogomiring Field Areas, "he said.

Harian Bangsa, Page-9, Friday, Feb 5, 2021

7 Oil Producers Exceed Production Targets

Seven Indonesian oil producers (Cooperation Contract Contractors / KKKS) exceeded the 2020 oil production target set in the State Budget (APBN).

The seven oil producers are ExxonMobil Cepu Ltd (EMCL), Chevron Pacific Indonesia, Pertamina Upstream Energy ONWJ, Medco E&P Natuna, Pertamina Upstream Sanga-Sanga, Medco E&P Rimau, and JOB Pertamina-Medco Tomori Sulawesi LTD. Exceeding the highest target was achieved by Medco E&P Natuna which reached 119.6% of the APBN target.

"We continue to supervise and increase the intensity of coordination with KKS Contractors to discuss steps to improve upstream oil and gas operational performance and program implementation in line with Work, Programs and Budget (WP&B) in 2020," said Head of the Special Task Force for Upstream Oil and Gas Business Activities, Dwi Soetjipto, in Jakarta.

Dwi Soetjipto

Based on SKK Migas notes, until early March 2020, there are a number of KKKS that have not reached their production targets due to several reasons.

"There are KKKS that have carried out activities, but the results obtained are not as high as predicted or have not reached the target, for that we will evaluate the KKKS program and ensure that production is on target," Dwi said.

To monitor the investment and production activities of the KKKS, SKK Migas is calling at the same time finding a solution with the KKKS that cannot realize the production according to the target. 

    Regarding KKKS that have not yet reached the target, Dwi said, his party continues to conduct evaluations to ensure that the activities they carry out can support the achievement of production targets in the coming years, primarily in achieving the target of 1 million barrels.

In addition to the 7 oil producers, there are four KKKS gas producers that exceed the channeling targets, namely Pertamina Hulu Mahakam, ENI Muara Bakau BV, Premier Oil Indonesia and Petrochina International Jabung LTD. The highest production exceeding was achieved by Premier Oil Indonesia, which reached 121.2% of the APBN calculation target

Investor Daily, Page-9, Wednesday, March 11, 2020

The Government Will Bid 12 Oil and Gas Blocks

The Ministry of Energy and Mineral Resources (ESDM) will auction 12 conventional and non-conventional oil and gas blocks this year. The ESDM Ministry is optimistic that there are still many investors interested in entering the national upstream oil and gas business. 

     Director of Upstream Business Development Directorate General of Oil and Gas at the ESDM Ministry Mustafid Gunawan said the 12 oil and gas blocks to be auctioned consisted of 10 conventional oil and gas blocks and two non-conventional oil and gas blocks.

Currently, his office is preparing a tender for 12 oil and gas blocks. However, he continued, not all oil and gas blocks will be auctioned together. In the initial stage, it will offer conventional oil and gas blocks first.

"Hoping this March or April conventional oil and gas blocks can be auctioned, 10 oil and gas blocks first," he said.

As for the auction of the two non-conventional oil and gas blocks, he said that they would do afterward. This is because it requires more time to prepare for conventional block auction, bearing in mind that the auction of conventional oil and gas blocks has been resumed after a long stop. Even last year, there was no auction for non-conventional oil and gas blocks.

"The [auction] non-conventional oil and gas block has long been [not done]. We are still looking for what [the strategy] is so that the non-conventional oil and gas block [auction] is even more active, ”explained Mustafid.

The preparation of the auction, which includes the cooperation contract / PSC scheme to be used, is the investment cost that can be returned (cost recovery) or gross profit sharing (gross split). It will see which scheme is more interesting from the technical side.

"What is clear, from the open leadership [whether using cost recovery or gross split, depending on technical results," he said.

Acting Director-General of Oil and Gas at the Ministry of Energy and Mineral Resources, Djoko Siswanto, added that Indonesia is currently still using the two PSC schemes. Of the 254 existing PSCs, only around 45 PSCs use a gross split scheme and the remainder a cost recovery scheme.

However, to avoid polemics, he will offer the two PSC schemes in the oil and gas block auction this year. Therefore, preparation for the auction requires a longer time. This is because it must calculate the amount of profit-sharing (split) offered to the contractor for each scheme so that the economy is the same.

"In terms of cost recovery, surely the government split is greater because it also shares costs. If the gross split, the government is small because the contractor is responsible for the cost. We need time to compare this because the exploration block auctioned is difficult to calculate its economy, "Djoko explained.

Still Interesting

Outside the oil and gas block auction, Mustafid revealed, there were very many international oil and gas companies that were interested in conducting exploration in open areas of Indonesia. Two of these companies are Neptune Energy and BP.

"BP is discussing conducting a survey outside its working area, as a diversion of commitment. This is still being processed, the funds are very large, "he said.

Separately, Deputy Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Fatar Yani Abdurrahman explained, his party had brought in oil and gas investors from various countries last year. Some of these oil and gas companies claim that oil and gas investment in Indonesia is increasingly attractive.

So far, interested companies are Neptune Energy, Premier Oil, Petrochina and BP. In line with Mustafid, BP will issue several new investments reaching the US $ 4 billion in new fields.

"This Indonesian oil and gas investment is still very interesting. Moreover, there are many basins that have not yet been explored, "said Fatar.

Mustafid added, the government is ready to support investors to enter the national upstream oil and gas business. One of them is by ensuring that the implementation of oil and gas data disclosure can take place in the next six months.

"What really determines [investment] about data, so the data is opened, can be accessed and can even be processed," he said.

This data disclosure is called using a membership system. At present, he is still calculating the amount of membership fees to access this data. Later if an oil and gas company becomes a member, then the contractor can access all existing oil and gas block data. However, if not registered as a member, oil and gas companies can only access basic data.

IN INDONESIA

Pemerintah Akan Lelang 12 Blok Migas

Kementerian Energi dan Sumber Daya Mineral (ESDM) akan melelang 12 blok migas konvensional dan non-konvensional pada tahun ini. Kementerian ESDM optimistis masih banyak investor yang berminat masuk di bisnis hulu migas nasional. 

    Direktur Pembinaan Usaha Hulu Direktorat Jenderal Minyak dan Gas Bumi Kementerian ESDM Mustafid Gunawan mengatakan, 12 blok migas yang akan dilelang ini terdiri dari 10 blok migas konvensional dan dua blok migas nonkonvensional. 

Saat ini, pihaknya sedang menyiapkan dokumen lelang 12 blok migas ini. Namun, lanjutnya, tidak seluruh blok migas akan dilelang bersamaan. Di tahap awal, pihaknya akan menawarkan blok migas konvensional terlebih dahulu.

“Berharap Maret atau April ini yang blok migas konvensional bisa dilelang, 10 blok migas dulu,” kata dia.

Sedangkan untuk lelang dua blok migas nonkonvensional, disebutnya akan dilakukan setelahnya. Hal ini lantaran pihaknya membutuhkan waktu lebih lama untuk menyiapkan lelang blok konvensional, mengingat lelang blok migas konvensional ini kembali dilakukan setelah sekian lama berhenti. Pada tahun lalu pun, tidak ada lelang blok migas nonkon-vensional.

“Yang [lelang] blok migas non-konvensional sudah lama [tidak dilakukan]. Kami masih mencari seperti apa [strateginya] agar [lelang] blok migas nonkonvensional lebih giat lagi,” jelas Mustafid.

Persiapan lelang yang dilakukan yakni termasuk skema kontrak kerja sama/PSC yang akan digunakan, apakah biaya investasi yang dapat dikembalikan (cost recovery) atau bagi hasil kotor (gross split). Pihaknya akan melihat skema mana yang lebih menarik dari sisi teknis.

“Yang jelas, dari pimpinan terbuka [apakah memakai cost recovery atau gross split, tergantung hasil teknis,” tuturnya.

Pelaksana Tugas Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM Djoko Siswanto menambahkan saat ini pun Indonesia masih menggunakan dua skema PSC tersebut. Dari 254 PSC yang ada saat ini, hanya sekitar 45 PSC yang memakai skema gross split dan sisanya skema cost recovery. 

Namun, untuk menghindari polemik pihaknya akan menawarkan kedua skema PSC tersebut dalam lelang blok migas tahun ini. Karenanya, persiapan lelang membutuhkan waktu lebih lama. Hal ini lantaran pihaknya harus menghitung besaran bagi hasil (split) yang ditawarkan ke kontraktor untuk masing-masing skema agar keekonomiannya sama.

“Kalau cost recovery, pasti split pemerintah lebih besar karena ikut tanggung cost. Kalau gross split, pemerintah kecil karena yang menanggung cost itu kontraktor. Kami perlu waktu untuk bandingkan ini, karena yang dilelang blok eksplorasi jadi sulit menghitung keekonomiannya,” jelas Djoko.

Masih Menarik

Di luar lelang blok migas, Mustafid mengungkapkan, sangat banyak perusahaan migas internasional yang berminat melakukan eksplorasi di wilayah terbuka Indonesia. Dua perusahaan diantaranya adalah Neptune Energy dan BP.

“BP sedang berdiskusi untuk lakukan survey di luar wilayah kerjanya, sebagai pengalihan komitmen. Ini masih diproses, dananya sangat besar sekali,” ujarnya.

Secara terpisah, Wakil Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Fatar Yani Abdurrahman menjelaskan, pihaknya telah mendatangkan investor migas dari berbagai negara pada tahun lalu. Beberapa perusahaan migas ini menyatakan bahwa investasi migas di Indonesia semakin menarik. 

Sejauh ini, perusahaan yang berminat adalah Neptune Energy, Premire Oil, Petrochina, dan BP. Senada dengan Mustafid, BP akan mengeluarkan beberapa investasi baru yang mencapai US$ 4 miliar di lapangan baru.

“Ini investasi migas Indonesia masih sangat menarik. Apalagi banyak basin-basin yang belum dieksplor,” tegas Fatar.

Mustafid menambahkan, pemerintah siap mendukung investor untuk masuk ke bisnis hulu migas nasional. Salah satunya yakni dengan memastikan implementasi keterbukaan data migas bisa berlangsung dalam enam bulan mendatang.

“Yang sangat menentukan [investasi] tentang data, jadi data dibuka, boleh di akses dan bahkan boleh diolah,” ungkapnya.

Keterbukaan data ini disebutnya menggunakan sistem keanggotaan. Saat ini, pihaknya masih menghitung berapa besaran iuran keanggotaan untuk mengakses data ini. Nantinya jika sebuah perusahaan migas menjadi anggota, maka kontraktor bisa mengakses seluruh data blok migas yang ada. Namun jika tidak terdaftar sebagai anggota, perusahaan migas hanya dapat mengakses data dasar.

Investor Daily, Page-9, Thursday, Jan 16, 2020

Pertamina Aims for ExxonMobil's Ration Oil in the Cepu Block

PT Pertamina (Persero) is negotiating with ExxonMobil Cepu Limited to purchase crude oil from the US oil and gas company in the Banyu Urip Field, Cepu Bojonegoro Block, East Java, Indonesia. The potential of oil that can be bought by Pertamina reaches 30 thousand barrels per day (bpd).

the Banyu Urip Field

Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) Djoko Siswanto said that around 180 thousand bpd of oil from the contract of cooperation contract (KKKS) currently being sold domestically or to Pertamina. Now, Pertamina is negotiating for the purchase of crude oil with a volume of 30 thousand bpd from ExxonMobil.

According to Djoko, ExxonMobil Indonesia's President Louise McKenzie had informed that ExxonMobil had a schedule of negotiations with Pertamina.

"They have had a meeting appointment with Pertamina to continue the business to business discussion about their crude. "They hope to get satisfying results for all," he said.

The sale of oil belonging to the KKKS to Pertamina was carried out after the ESDM Ministerial Regulation No. 42 of 2018 concerning the priority of petroleum utilization to fulfill domestic needs. Article 2 of this regulation states that Pertamina and business entities holding petroleum processing business licenses must prioritize domestic oil supplies. 

     For this reason, before planning imports, Pertamina and business entities must seek supplies from domestic contractors.

In the next article, the KKKS or its affiliates are obliged to offer part of their oil to Pertamina and / or its Mechanism business entity, referring to Article 4, the bidding must be carried out no later than three months prior to the start of the export recommendation period for all oil contractor parts.

Furthermore, pertamina and / or business entities with contractors or affiliates must conduct negotiations in the normal manner of business. From the results of negotiations, in accordance with Article 5, Pertamina can directly appoint contractors to purchase oil from contractors.

"In the direct appointment, Pertamina can enter into a 12-month long-term contract," said in paragraph 2 Article 5 Ministerial Regulation 42 / 2018. The results of negotiations must be reported to the Directorate General of Oil and Gas.

Previously, Deputy Minister of ESDM Arcandra Tahar said, until semester I-2018, the potential of oil that Pertamina could buy could reach 217 thousand bpd. However, as a whole, oil from the KKKS which has been exported and can be taken by Pertamina reaches 225 thousand bpd.

Some of the products of this KKKS are Chevron 92 thousand bpd, ExxonMobil 30 thousand bpd, Petronas Carigali 13,400 bpd, CNOCC 13 thousand bpd, Medco E & P Indonesia 11 thousand bpd, and Chevron Indonesia Company 11 thousand bpd.

"The rest is the other KKKS's part," he said.

Pertamina has a crude oil purchase contract with 11 KKKS. In detail, RH Petrogas Limited, PT SPR Langgak, PetroChina International Jabung Ltd, PT Bumi Siak Pusako, PT Chevron Pacific Indonesia, SAKA Pangkah Indonesia Ltd, PT Energi Mega Persada Tonga, Petronas Carigali Ketapang I Ltd, Husky CNOOC Madura Ltd, PT Energi Mega Persada Tbk, and PetroChina International (Bermuda) Ltd.

IN INDONESIAN

Pertamina Incar Minyak Jatah ExxonMobil di Blok Cepu.

PT Pertamina (Persero) sedang negosiasi dengan ExxonMobil Cepu Limited untuk pembelian minyak mentah bagian perusahaan migas dari Amerika Serikat itu di Lapangan Banyu Urip, Blok Cepu Bojonegoro Jawa Timur Indonesia. Potensi minyak yang bisa dibeli Pertamina ini mencapai 30 ribu barel per hari (bph).

Direktur Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral (ESDM) Djoko Siswanto menuturkan, sekitar 180 ribu bph minyak jatah kontraktor kontrak kerja sama (KKKS) saat ini sudah dijual ke dalam negeri atau ke Pertamina. Kini, Pertamina sedang melakukan negosisasi untuk pembelian minyak mentah dengan volume 30 ribu bph dari ExxonMobil.

Menurut Djoko, Presiden ExxonMobil Indonesia Louise McKenzie telah mengabari bahwa ExxonMobil telah memiliki jadwal negosiasi dengan Pertamina.

“Mereka telah memiliki janji meeting dengan Pertamina untuk melanjutkan diskusi business to business tentang crude mereka. Mereka berharap bisa

mendapatkan hasil yang memuaskan bagi semua,” kata dia.

Penjualan minyak milik KKKS ke Pertamina dilakukan setelah adanya Peraturan Menteri ESDM No 42 Tahun 2018 tentang prioritas pemanfaatan minyak bumi untuk pemenuhan kebutuhan dalam negeri. Pasal 2 regulasi ini menyatakan, Pertamina dan badan usaha pemegang izin usaha pengolahan minyak bumi wajib mengutamakan pasokan minyak yang berasal dari dalam negeri. Untuk itu, sebelum merencanakan impor, Pertamina dan badan usaha wajib mencari pasokan dari kontraktor dalam negeri.

Di pasal berikutnya, KKKS atau afiliasinya diwajibkan menawarkan minyak bagiannya kepada Pertamina dan atau badan usaha Mekanismenya, mengacu Pasal 4, penawaran dilakukan paling lambat tiga bulan sebelum dimulainya periode rekomendasi ekspor untuk seluruh volume minyak bumi bagian kontraktor. 

Selanjutnya, pertamina dan atau badan usaha dengan kontraktor atau afiliasinya wajib melakukan negosiasi secara kelaziman bisnis. Dari hasil negosiasi, sesuai Pasal 5, Pertamina dapat melakukan penunjukkan langsung kontraktor untuk pembelian minyak bagian kontraktor. 

“Pada penunjukkan langsung, Pertamina dapat mengadakan kontrak jangka panjang selama 12 bulan,” demikian tertulis dalam ayat 2 Pasal 5 Peraturan  Menteri 42/ 2018. Hasil negosiasi wajib dilaporkan kepada Direktorat Jenderal Minyak dan Gas Bumi.

Sebelumnya, Wakil Menteri ESDM Arcandra Tahar menuturkan, sampai semester I-2018, potensi minyak yang dapat dibeli Pertamina bisa mencapai 217 ribu bph. Namun, secara keseluruhan, minyak bagian KKKS yang selama ini diekspor dan dapat diambil Pertamina mencapai 225 ribu bph. Beberapa hasil produksi KKKS ini yakni Chevron 92 ribu bph, ExxonMobil 30 ribu bph, Petronas Carigali 13.400 bph, CNOCC 13 ribu bph, Medco E&P Indonesia 11 ribu bph, dan Chevron Indonesia Company 11 ribu bph. 

“Sisanya adalah bagian KKKS lainnya,” kata dia.

Pertamina telah memiliki kontrak pembelian minyak mentah dengan 11 KKKS. Rincinya, RH Petrogas Limited, PT SPR Langgak, PetroChina International Jabung Ltd, PT Bumi Siak Pusako, PT Chevron Pacific Indonesia, SAKA Pangkah Indonesia Ltd, PT Energi Mega Persada Tonga, Petronas Carigali Ketapang I Ltd, Husky CNOOC Madura Ltd, PT Energi Mega Persada Tbk, serta PetroChina International (Bermuda) Ltd.

Investor Daily, Page-9, Thursday, Jan 17, 2019