This year, 10 oil and gas blocks Ready to Be Auctioned

The government plans to auction at least 10 oil and gas blocks this year. In this auction, the government offered oil and gas contracts with the scheme for hasi gross (gross split).

Director of Upstream Oil and Gas Ministry of Energy and Mineral Resources (ESDM) Single said it was still reviewing the oil and gas blocks to be auctioned this year. Moreover, there is a possibility that some oil and gas blocks that did not sell at auction last year will be re-tendered in 2017's.

The auction will offer both conventional and non-conventional oil and gas blocks. "Conventional oil and gas Block No 10, could rise from the flood last year. I'll wait for the announcement at the IPA conference," he said in Jakarta, Monday (13/3).

In the past year, the government auctioned 17 oil and gas blocks, namely 14 oil and gas blocks of conventional and non-conventional three oil and gas blocks. Three non-conventional oil and gas blocks on offer namely, that the King and Bungamas CBM Block, and Block Shale Oil / Gas Batu Ampar. However, no company is interested in taking the third this block.

As for the 14 oil and gas blocks, offered through direct bidding and the regular auction. Seven blocks offered through direct bidding namely Block Ebuny Onin, West Kaimana, West Hill, Batu Gajah Two, Kasongan ampir, and Powerful. Furthermore, seven oil and gas blocks are auctioned regular CPR Oti South Block, Suremana I, Manakarra Mamuju, South East Manda; North Arguni, and Kasturi.

Proceeds from the auction block last year's conventional oil and gas are still at the stage of final evaluation. However, the Director General of Oil and Gas Ministry of Energy and Mineral Resources Wiratmaja I Gusti Nyoman had revealed it had obtained a firm candidate for the auction winner through direct deals. "The success is only one conventional, it is also still being evaluated and will be announced in March," he said.

To attract investments in oil and gas blocks this year's auction, the government will offer a gross contractual scheme split. So different from the auction last year in which the profit sharing (split) can be offered by the company, this time can be negotiated is the signing bonus and not split it.

"If the (auction) new, which is 2017, should gross split. Inevitably, we offer gross split. Now produced its SOP, "said Son. According to Minister Regulation  8/2017 Minister about gross split, the preliminary results (base split) of oil is set at 57% for the state and 43% to the contractor. As for gas, the state quota of 52% and 48% contractors.

Base this split will change based on the variable components and progressive. Variable components include block status, location, depth, up to the amount of local content. Progressive component consists of oil prices and the cumulative amount of oil and gas production. Then, when the calculation of the commercialization of the field does not reach a certain economic value, the contractor received an additional split a maximum of 5%.

Conversely in the calculation of the commercialization of the field exceeds a certain economic value, then the state may take an additional 5% split. Split gross scheme aims to encourage exploration and exploitation business more effectively and quickly, and to encourage oil and gas contractors and oil and gas industries for more efficient support. So it is more able to deal with oil price fluctuations from time to time.

In addition, driving business process upstream oil and gas contractor (PSC) and SKK Migas become simpler and accountable. Thus, the system of procurement (procurement) bureaucratic and debates that took place during this time to be reduced

IN INDONESIAN

Tahun Ini, 10 Blok Migas Siap Dilelang

Pemerintah berencana melelang setidaknya 10 blok migas pada tahun ini. Dalam lelang kali ini, pemerintah menawarkan kontrak migas dengan skema bagi hasi kotor (gross split).

Direktur Pembinaan Hulu Migas Kementerian Energi dan Sumber Daya Mineral (ESDM) Tunggal mengatakan, pihaknya masih mengkaji blok-blok migas yang akan dilelang pada tahun ini. Apalagi, ada kemungkinan sebagian blok migas yang tidak laku pada lelang tahun lalu akan dilelang ulang pada 2017 ini.

Lelang akan menawarkan baik blok migas konvensional maupun nonkonvensional. "Blok migas konvensional ada 10, bisa bertambah dari limpahan tahun lalu. Nanti tunggu pengumumannya di IPA conference,” kata dia di Jakarta, Senin (13/3).

Pada tahun lalu, pemerintah melelang 17 blok migas, yakni 14 blok migas konvensional dan tiga blok migas nonkonvensional. Tiga blok migas non-konvensional yang ditawarkan yakni, yakni Blok CBM Raja dan Bungamas, serta Blok Shale Oil/ Gas Batu Ampar. Namun, tidak ada perusahaan yang berminat mengambil ketiga

blok ini.

Sementara untuk 14 blok migas, ditawarkan melalui penawaran langsung dan lelang reguler. Tujuh blok yang ditawarkan melalui penawaran langsung yakni Blok Ebuny Onin, West Kaimana, Bukit Barat, Batu Gajah Dua, Kasongan Ampir, dan Ampuh. Selanjutnya, tujuh blok migas yang dilelang reguler adalah Blok South CPR Oti, Suremana I, Manakarra Mamuju, South East Manda; North Arguni, dan Kasturi.

Hasil dari lelang blok migas konvensional tahun lalu ini masih pada tahap evaluasi akhir. Namun, Direktur Jenderal Minyak dan Gas Bumi Kementerian ESDM I Gusti Nyoman Wiratmaja sempat mengungkapkan, pihaknya sudah memperoleh satu perusahaan calon pemenang untuk lelang melalui penawaran langsung. “Yang berhasil memang cuma satu yang konvensional, itu juga masih dievaluasi dan akan diumumkan Maret,” kata dia.

Untuk menarik investasi pada lelang blok migas tahun ini, pemerintah akan menawarkan skema kontrak gross split. Sehingga berbeda dengan lelang tahun lalu di mana bagi hasil (split) dapat ditawar oleh perusahaan, kali ini yang bisa ditawar adalah bonus tanda tangan dan bukan split-nya.

“Kalau yang (lelang) baru, yang 2017, harus gross split. Mau tidak mau, kami tawarkan gross split. Sekarang sedang disusun SOP-nya,” tutur Tunggal. Sesuai Peraturan Menteri ESDM 8/2017 soal gross split, bagi hasil awal (base split) minyak bumi ditetapkan sebesar 57% untuk negara dan 43% untuk kontraktor. Sementara untuk gas, jatah negara 52% dan kontraktor 48%. 

Base split ini akan berubah berdasarkan komponen variabel dan progresif. Komponen variabel diantaranya status blok, lokasi, kedalaman, hingga besaran tingkat kandungan dalam negeri. Komponen progresif terdiri dari harga minyak dan jumlah kumulatif produksi migas. Kemudian ketika perhitungan komersialisasi lapangan tidak mencapai keekonomian tertentu, kontraktor mendapat tambahan split maksimal 5%. 

Sebaliknya dalam perhitungan komersialisasi lapangan melebihi keekonomian tertentu, maka negara boleh mengambil tambahan split 5%. Skema gross split bertujuan untuk mendorong usaha eksplorasi dan eksploitasi yang lebih efektif dan cepat, serta mendorong para kontraktor migas dan industri penunjang migas untuk lebih efisien. Sehingga lebih mampu menghadapi gejolak harga minyak dari waktu ke waktu.

Selain itu, mendorong bisnis proses kontraktor hulu migas (KKKS) dan SKK Migas menjadi lebih sederhana dan akuntabel. Dengan demikian, sistem pengadaan (procurement) yang birokratis dan perdebatan yang terjadi selama ini menjadi berkurang. 

Investor Daily, Page-9, Tuesday, March, 14, 2017

Total Auxiliary drilling to Pertamina

Mahakam block transition

PT Total E & P Indonesie, the operator of the Mahakam block long, it could begin drilling for PT Pertamina Hulu Mahakam which will become the new operator of the block starting early 2018. In order to keep the production of oil and gas in the Mahakam, production activities must be maintained. On the other hand, Pertamina starts off as a new operator to start early in 2018 so need help Total to drill a few wells.

To set the Mahakam management transition period, Pertamina, along with Total and Inpex signed Mahakam Bridging Agreement and the Funding Agreement. The agreement was signed to strengthen the commitment to maintain oil and gas production on the Mahakam block in transition operator.

Conditions bridging agreement governing the operations undertaken Total, as operator time in 2017 for the benefit of Pertamina. Meanwhile, deal financing (funding agreement) regulates the methods for financing activities

Total done.

Senior Vice President Upstream Business Development Pertamina Denie Tampubolon said the company immediately conduct drilling after signing the agreement. He did not mention the time of the commencement of drilling oil and gas wells funded by Pertamina. In fact, drilling six wells conducted by Total has been completed. According to him, drilling 19 wells are expected to be realized in the near future.

The annual production of the working area of ​​Mahakam today that 1,635 million cubic feet per day (MMSCFD) of gas and 63,000 barrels of oil per day (bpd). The Mahakam block is the first production in 1974. Production comes from the Mahakam block Gas Field Peciko, Tunu, Tambora, Sisi Nubi, and South Mahakam. "As soon begin drilling. Soon there could be three days, "he said after attending the signing of the transitional operation of the Mahakam block, Monday (13/3).

Deputy Head of the Special Unit of Upstream Oil and Gas (SKK Migas) Zikrullah said Pertamina-funded activities initiated in the second quarter / 2017. He explained that the drilling activities conducted continued without pause. However, he called the activity requires preparation. Any tax-related issues, no longer a barrier. Zikrullah added, the method of cooperation in the upstream sector has accommodated activity Total and Pertamina.

Thus, there is no imposition of value added tax (VAT) in addition to the activities in the Mahakam block. "It's just that no additional VAT. Yesterday there was a VAT. " '

Related option rights holders operator management by Total after 2017, Pertamina Upstream Director Syamsu Alam, said he understands the government's desire to maintain production Mahakam block. According to him, the odds Total remains the operator block, disclosed Minister Ignatius Jonan is something new that has not been discussed "Yes, he is only in the Mahakam, I do not know. All of a sudden, "said Alam.

IN INDONESIAN

PERALIHAN BLOK MAHAKAM

Total Bantu Ngebor untuk Pertamina

Peralihan Blok Mahakam

PT Total E&P Indonesie, operator lama Blok Mahakam, bisa memulai kegiatan pengeboran untuk PT Pertamina Hulu Mahakam yang akan menjadi operator baru blok tersebut mulai awal 2018. Untuk menjaga produksi minyak dan gas bumi di Mahakam, kegiatan produksi harus tetap dijaga. Di sisi lain, Pertamina mulai aktif sebagai operator baru mulai awal 2018 sehingga butuh bantuan Total untuk mengebor beberapa sumur minyak. 

Untuk mengatur masa peralihan pengelolaan Mahakam, Pertamina bersama dengan Total dan Inpex menandatangani Mahakam Bridging Agreement dan Funding Agreement. Kesepakatan tersebut ditandatangani untuk memperkuat komitmen menjaga produksi migas di Blok Mahakam dalam masa peralihan operator.

Ketentuan bridging agreement mengatur tentang pelaksanaan kegiatan operasi yang dilakukan Total, sebagai operator lama pada 2017 untuk kepentingan Pertamina. Sementara itu, kesepakatan pembiayaan (funding agreement) mengatur tentang cara pembiayaan kegiatan yang

dilakukan Total. 

Senior Vice President Upstream Business Development Pertamina Denie Tampubolon mengatakan, perseroan segera melakukan pengeboran setelah penandatanganan kesepakatan. Dia tidak menyebut waktu dimulainya pengeboran sumur migas yang didanai Pertamina. Padahal, pengeboran enam sumur yang dilakukan oleh Total sudah selesai. Menurutnya, pengeboran 19 sumur diharapkan bisa terealisasi dalam waktu dekat.

Produksi tahunan wilayah kerja Mahakam saat ini yakni 1.635 juta kaki kubik per hari (MMscfd) gas dan minyak bumi 63.000 barel per hari (bph). Blok Mahakam berproduksi pertama kali pada 1974. Produksi Blok Mahakam berasal dari Lapangan Gas Peciko, Tunu, Tambora, Sisi Nubi, dan South Mahakam. “Segera dimulai pengeboran. Segera di situ bisa 3 hari,” ujarnya usai menghadiri penandatanganan kesepakatan peralihan pengoperasian Blok Mahakam, Senin (13/3).

Wakil Kepala Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) Zikrullah mengatakan, kegiatan yang didanai Pertamina dimulai pada kuartal II/2017. Dia menjelaskan, kegiatan pengeboran dilakukan bersambung tanpa jeda. Namun, dia menyebut kegiatan memerlukan persiapan. Masalah terkait perpajakan pun, tidak lagi menjadi hambatan. Zikrullah menambahkan, metode kerja sama di sektor hulu telah mengakomodasi kegiatan Total dan Pertamina. 

Dengan demikian, tidak ada pengenaan pajak pertambahan nilai (PPN) tambahan terhadap kegiatan di Blok Mahakam. “Hanya saja tidak ada PPN tambahan. Kemarin ada PPN.”'

Terkait opsi pemegang hak pengelolaan operator oleh Total setelah 2017, Direktur Hulu Pertamina Syamsu Alam mengatakan, pihaknya memahami keinginan pemerintah untuk mempertahankan produksi Blok Mahakam. Menurutnya, peluang Total tetap menjadi operator Blok Mahakam yang diungkapkan Menteri Ignasius Jonan merupakan hal baru yang belum pernah dibicarakan “Ya, hanya beliau di Mahakam, saya juga tidak tahu. Secara tiba-tiba," kata Alam. 

Bisnis Indonesia, Page-30, Tuesday, March, 14, 2017

Total Fixed Can Manage Mahakam

Special Unit of the Upstream Oil and Gas (SKK Migas) has approved the transition of the management of the Mahakam block Total E & P Indonesia - Inpex Corporation to Pertamina Hulu Mahakam (PHM). The transition period is characterized by bridging cooperation agreement and the funding agreement.

Vice President Corporate Communications of Pertamina Wianda Pusponegoro stated, one of the agreements bridging agreement is the implementation of the exploration activities undertaken existing operator.

This year, Total E & P Indonesia to drill six wells in the Mahakam block. Meanwhile, PT. Pertamina Hulu Mahakam (PHM) to drill 19 wells. Operating funds held upstream oil and gas activities Total and Inpex in Mahakam provided by PT. PHM in accordance with the funding agreement and the principle of no gain no loss (without the imposition of additional fees).

"The transition to the Mahakam block operatorship PHM do to maintain continuity of production in the Mahakam block," said Wianda.

Earlier, Minister Ignatius Jonan expect Total to continue to invest in Indonesia in partnership working together Mahakam block Pertamina after his contract expires on December 31, 2017. The portion of partisipating interest offered to the French operator it reached 39 percent.

With such cooperation, hoping Jonan gas production from the Mahakam block is not reduced and no job cuts. However, Total reportedly not yet responded to the offer. The Mahakam block is an area of ​​2738.51 kilometers is very strategic because becoming the largest producer of natural gas in Indonesia.

Gas production reached 1,635 million cubic feet per day (MMSCFD) and 63 thousand barrels of oil per day (bpd). Jonan said that Pertamina is required to sell 10 percent of its stake in the Mahakam block in East Kalimantan provincial government. Minister accordance with the Regulation No. 37 Year 2016, freeing the operator can block the acquisition cost and amortized by the East Kalimantan provincial government for oil and gas.

IN INDONESIAN

Vice President Corporate Communications of Pertamina 

Wianda Pusponegoro

Total Tetap Bisa Kelola Mahakam

Satuan Kerja Khusus Pelaksana Kegiatan Hulu Migas (SKK Migas) telah menyetujui transisi pengelolaan Blok Mahakam dari Total E&P Indonesia - Inpex Corporation ke Pertamina Hulu Mahakam (PHM). Masa transisi ditandai dengan kerja sama bridging agreement dan funding agreement. 

Vice Presiden Corporate Communication Pertamina Wianda Pusponegoro menyatakan, salah satu kesepakatan bridging agreement adalah pelaksanaan kegiatan eksplorasi yang dilaksanakan operator existing.

Tahun ini Total E&P Indonesia akan mengebor enam sumur di Blok Mahakam. Sementara itu, PT. Pertamina Hulu Mahakam (PHM) mengebor 19 sumur. Dana operasi kegiatan hulu migas yang dilaksanakan Total dan Inpex di Mahakam disediakan PT. PHM sesuai dengan funding agreement dan prinsip no gain no loss (tanpa pengenaan biaya tambahan). 

"Peralihan operatorship Blok Mahakam ke PHM dilakukan untuk menjaga kesinambungan produksi di Blok Mahakam," kata Wianda.

Sebelumnya, Menteri ESDM Ignasius Jonan berharap Total melanjutkan investasinya di Indonesia dengan bermitra menggarap Blok Mahakam bersama Pertamina setelah kontraknya berakhir pada 31 Desember 2017. Porsi partisipating interest yang ditawarkan untuk operator asal Perancis itu mencapai 39 persen.

Dengan kerja sama tersebut, Jonan berharap produksi gas dari Blok Mahakam tidak berkurang serta tidak ada pengurangan pekerja. Meski demikian, Total dikabarkan belum merespons tawaran itu. Blok Mahakam seluas 2.738,51 kilometer tersebut sangat strategis lantaran menjadi penghasil gas alam terbesar di Indonesia.

Produksi gas mencapai 1.635 juta kaki kubik per hari (mmscfd) serta minyak bumi 63 ribu barel per hari (bph). Jonan menyampaikan bahwa Pertamina diwajibkan menjual 10 persen kepemilikannya di Blok Mahakam kepada Pemerintah Provinsi Kalimantan Timur. Sesuai Peraturan Menteri ESDM Nomor 37 Tahun 2016, operator blok dapat membebaskan biaya akuisisi dan diangsur Pemerintah Provinsi Kalimantan Timur dengan bagi hasil migas.

Jawa Pos, Page-5, Tuesday, March, 14, 2017

EMR Offer 39% Stake Mahakam to Total

Minister of Energy and Mineral Resources Jonan quibble offer these shares to maintain production Mahakam Block

Not wanting to get off oil and gas production, the Ministry of Energy and Mineral Resources (ESDM) will give additional shares to PT Total EP lndonesie and Inpex Corp. in Block-Mahakam. If earlier, the two companies are receiving a share of 30% stake, is now added 9% to 39%. The 10% will be given to the local government (local government).

By doing so, Pertamina will have a 51% stake in the Mahakam block with PT Pertamina Hulu Mahakam. Not only the provision of stock. EMR Minister Ignatius Jonan also provide an opportunity for Total EP remain the operator. According Jonan, he had said to Total EP in order to discuss with Pertamina and SKK Migas.

"Pertamina could offer share down 39% maximum share, it may be because 10% of its shares to local governments. Pertamina to be the majority. Total can bargain, willing to joint operator or operators continued Total and so on. Employees also I guess not changed," said Jonan.

According to information, the background of rising stocks Total and Inpex because the government feared Mahakam production will go down. Therefore, the working proposal to SKK Migas, Pertamina only will drill 19 wells.

Yet every year, Total EP drilled in the Mahakam block up to 100 wells that gas production is not down. Moreover, Total EP also took care of 8,500 old wells in the Mahakam so that production is maintained. Special Staff Communication Unit MEMR Djuraid Hadi explained, though contract share down 30% to Total EP and lnpex been signed, there is still opportunity in business to business, so stake Total EP and Inpex be 39%. To be sure, "The government's target, the production should not be dropped," said Hadi

He suggested that PT Pertamina discuss the operator to SKK Migas. The government will not regulate such detail. "Please talk SKK Migas and Pertamina. The important thing is the government's target, the production should not be dropped, including in transition now,"

In response, PT Pertamina still relied on the decision of the previous government, which only gives 30% share down to Total EP and Inpex. Pertamina Upstream Director Syamsu Alam said he did not hear directly Jonan statement. "But the company still refers to the decision that there is no associated operatorship and participating interest (PI). Minister also said please talk with Pertamina" said Syamsu

President and General Manager of Total EP lndonesie Arividya Novianto, declined to comment related to the addition of the stock portion. Discussion related to these shares has not been implemented. "I have not replied, it means yet," said Novianto.

Meanwhile, Vice President of Corporate Services Inpex Corporation revealed Nico Muhyiddin, Inpex will follow related Total share equity. Inpex-Total and Pertamina new talks after signing a bridging agreement and funding agreement.

Bridging Funding agreement and the new agreement just signed by the three parties on Monday (13/3) afternoon. "We have discussed it after these signatures. Starting next week," said Nico.

In this agreement also confirmed the position of PT Pertamina Hulu Mahakam in order to start getting into the Mahakam block in 2017 or the year of transition. In the provision of bridging agreement that regulate the operations are carried out, as operators existing in 2017 for the benefit of PT Pertamina Hulu Mahakam Meanwhile, funding agreement governing the financing mechanism PT Pertamina Hulu Mahakam on the operations of PT Total EP Indonesie 2017, according bridging agreement ,

Denie S. Tampubolon, Senior Vice President Upstream Business Development Pertamina explained, related to the number of wells drilled will still put a third party. "Pertamina can invest for the drilling," he said. Previous Pertamina is ready to drill 19 wells this year with an investment of around US $ 1.5 billion.

IN INDONESIAN

ESDM Tawarkan 39% Saham Mahakam ke Total

Menteri ESDM Jonan berdalih tawaran saham tersebut untuk menjaga produksi Blok Mahakam

Tidak ingin produksi migas turun, Kementerian Energi dan Sumber Daya Mineral (ESDM) akan memberikan saham tambahan bagi PT Total EP lndonesie dan Inpex Corp di Blok-Mahakam. Jika sebelumnya, kedua perusahaan ini hanya mendapatkan porsi saham 30%, kini ditambah 9% menjadi 39%. Adapun 10% akan diberikan ke pemerintah daerah (pemda).

Dengan begitu, Pertamina akan memiliki 51% saham di Blok Mahakam melalui PT Pertamina Hulu Mahakam. Bukan hanya pemberian saham. Menteri ESDM Ignasius Jonan juga memberikan peluang bagi Total EP tetap menjadi operator. Menurut Jonan, ia sudah mengatakan ke Total EP agar membicarakan dengan Pertamina dan SKK Migas.

"Pertamina bisa menawarkan share down 39% saham maksimum, itu boleh karena 10% sahamnya ke pemerintah daerah. Pertamina harus mayoritas. Total bisa menawar, mau operator bersama atau operator dilanjutkan Total dan sebagainya. Pegawai juga saya kira tidak diganti," kata Jonan.

Menurut informasi, latar belakang naiknya saham Total dan Inpex karena pemerintah takut produksi Mahakam akan turun. Sebab, dalam proposal kerja ke SKK Migas, Pertamina hanya akan mengebor 19 sumur.

Padahal setiap tahun, Total EP mengebor di Blok Mahakam hingga 100 sumur agar produksi gas tidak turun. Apalagi, Total EP juga merawat 8.500 sumur tua di Mahakam agar produksi terjaga. Staf Khusus Bidang Komunikasi Kementerian ESDM Hadi Djuraid menerangkan, meski kontrak share down 30% kepada Total EP dan lnpex sudah diteken, masih ada kesempatan secara business to business, agar saham Total EP dan Inpex bisa 39%.  Yang pasti, "Target pemerintah, produksi tidak boleh turun," ungkap Hadi

Dia menyarankan agar PT Pertamina membicarakan soal operator ke SKK Migas. Pemerintah tidak akan mengatur sedetail itu. "Silahkan bicarakan SKK Migas dan dengan Pertamina. Yang penting target pemerintah adalah, produksi tidak boleh turun, termasuk dalam masa transisi sekarang,"

Menanggapi hal tersebut, PT Pertamina masih berpatokan pada putusan pemerintah sebelumnya, yang hanya memberikan 30% share down kepada Total EP dan Inpex. Direktur Hulu Pertamina Syamsu Alam mengaku tidak mendengar langsung statement Jonan. "Tapi Pertamina tetap mengacu keputusan yang ada terkait operatorship maupun participating interest (Pl). Menteri  ESDM juga menyampaikan silakan dibicarakan dengan Pertamina " kata Syamsu

Presiden dan General Manager PT Total EP lndonesie Arividya Novianto, enggan berkomentar terkait penambahan porsi saham tersebut. Pembicaraan terkait saham tersebut belum dilaksanakan. "Saya belum jawab, berarti belum," kata Novianto.

Sementara, Vice President Corporate Service Inpex Corporation Nico Muhyiddin mengungkapkan, Inpex akan mengikuti langkah Total terkait share saham. Inpex-Total dan Pertamina baru melakukan pembicaraan setelah meneken bridging agreement dan funding agreement.

Bridging agreement dan Funding agreement baru saja ditandatangani ketiga pihak pada Senin (13/3) sore. "Kami baru diskusikan itu setelah tandatangan ini. Mulai pekan depan," kata Nico.

Dalam perjanjian ini juga mengukuhkan posisi PT Pertamina Hulu Mahakam agar mulai masuk ke Blok Mahakam pada 2017 ini atau tahun transisi. Di dalam ketentuan bridging agreement itu mengatur pelaksanaan kegiatan operasi yang dilakukan , sebagai operator eksisting pada tahun 2017 untuk kepentingan PT Pertamina Hulu Mahakam Adapun, funding agreement mengatur tentang mekanisme pembiayaan PT Pertamina Hulu Mahakam atas kegiatan operasi PT Total EP Indonesie tahun 2017, sesuai bridging agreement.

Denie S. Tampubolon, Senior Vice President Upstream Business Development Pertamina menjelaskan, terkait jumlah sumur yang dibor masih akan disiapkan ketiga pihak. "Pertamina sudah bisa berinvestasi untuk pemboran," kata dia. Sebelumnya Pertamina siap mengebor 19 sumur tahun ini dengan investasi sekitar US$ 1,5 miliar.

Kontan, Page-14, Tuesday, March, 14, 2017

User Total Gas Continues to Decline

INDUSTRY GAS PRICE

Trends in industrial gas consumption in North Sumatra continued to decline over the last 20 years. Before 2000, gas consumption reached more than 25 million MMBTU (million metric British thermal unit). That number continues to decline with the lack of gas supplies to Sumatra and the rising gas prices of 8.7 US dollars per MMBTU to about 14 US dollars per MMBTU in August 2015.

Although the price was lowered to 12.22 US dollars per MMBTU consumption continues to decline. Current consumption is only about 8.6 million MMBTU or about 35 percent.

Sales Area Head of PT PGN Medan Saeful Hadi, admitted before the year 2000, the supply of gas remains above 25 million MMBTU. Since 2006, the number realization of customer gas usage continues to decline. The lowest number occurred in 2015 were only 6.35 million MMBTU. At that time, gas prices reached 14 dollars per MMBTU.

After the price increase, many industries to switch to using oil for fuel. However, the raw material gas industry, such as industrial gloves, ceramics and glassware, had no other choice. Dozens of companies lid and reduce production. In fact, gas is expected by the industry because it is clean.

Industry players expect the government to realize its promise to lower gas prices in North Sumatra that industry is not getting worse. If gas prices go down, the gas consumption will rise. 70,000 people affected by layoffs. Chairman of the Association of North Sumatra Gas Users Johan Brien said, since 2005, at least 70,000 employees have stopped working because of the gas crisis that occurred in North Sumatra.

Most industry players do not report layoffs (layoffs) which they did. Office workers also do not know unless layoffs problematic or enter into a labor court, because if reported, even complicated problem.

Nurbahagia, General Manager of PT Intan National Iron Industry in Medan, said that the bank is facing a labor court filed 43 employees. Layoffs had to be done for the company collapsed due to high gas prices and government rules on anti-dumping duties.

Johan said the government needs to look at the impact of gas prices on the whole industry. Industry in North Sumatra is slowly dying because not competitive. Industrial ceramics, glass, for instance, can not compete with goods coming from Java.

Until now, despite having published the Presidential Decree No. 40 of 2016 which states the decline in prices per January 1, 2016, then appeared again Regulation of the Minister of Energy and Mineral Resources 453K / 12 / MEM / 2017 dated February 13, 2017 stating decrease per February 1, 2017, through Sunday ( 12/3) industrial gas prices in North Sumatra was 12.22 US dollars per MMBTU

The price was much higher than the price of gas in East Java, for example, is 8 dollars per MMBTU or Malaysia-Singapore 4-5 dollars per MMBTU. Johan says, in various media has been delivered price of gas in Medan dropped to 9.95 US dollars per MMBTU

Recent declines occur if the price of gas back to the original, 8.7 US dollars per MMBTU. He also asked the Provincial Government of North Sumatra pushing gas prices down to the old prices, meanwhile, thousands of industry employees in Medan and Deli Serdang troubled by the bleak condition of the company due to high gas prices.

They expect the government to realize a decrease in prices in order to clear the fate of the workers. Plant Manager PT Kedaung Industrial Medan Sugianto, the company has already stopped two of the four engines on Monday, said it was hoped the company could re-grow.

"I have over 30 years of working here. We certainly hope the company can thrive and grow back," he said.

PT Kedaung Industrial is one of the companies that cut production due to the gas crisis. One machine has been turned off in 2015 when the gas crisis occurred in North Sumatra, another new one is off on December 29, 2016. The Company has downsized from 1,000 people to 800 people.

To reduce the energy costs of gas, which reached 40 percent of total production costs, the company uses fuel oil for burning waste products. However, waste oil making machine crusty. As a result, kilns collapsed. Companies lose twice.

IN INDONESIAN

Jumlah Pemakai Gas Terus Menurun

Tren konsumsi gas industri di Sumatera Utara terus menurun selama 20 tahun terakhir. Sebelum tahun 2000, konsumsi gas mencapai lebih dari 25 juta MMBTU (juta metrik british thermal unit). Angka itu terus merosot dengan minimnya pasokan gas ke Sumut dan naiknya harga gas dari 8,7 dollar AS per MMBTU ke sekitar 14 dollar AS per MMBTU pada Agustus 2015.

Meski harga diturunkan menjadi 12,22 dollar AS per MMBTU konsumsi terus menurun. Saat ini konsumsi hanya sekitar 8,6 juta MMBTU atau sekitar 35 persen.

Sales Area Head PT PGN Medan Saeful Hadi,  mengakui sebelum tahun 2000, pasokan gas masih di atas 25 juta MMBTU. Sejak 2006, angka realisasi pemakaian gas pelanggan terus menurun. Angka terendah terjadi pada 2015 yang hanya 6,35 juta MMBTU. Saat itu, harga gas mencapai 14 dollar AS per MMBTU.

Setelah kenaikan harga itu, banyak industri beralih menggunakan minyak untuk bahan bakar. Namun, industri yang berbahan baku gas, seperti industri sarung tangan, keramik, dan barang pecah belah, tidak memiliki pilihan lain. Belasan perusahaan tutup dan mengurangi produksi. Padahal, energi gas sangat diharapkan oleh industri karena bersih.

Para pelaku industri berharap pemerintah merealisasikan janjinya menurunkan harga gas supaya industri di Sumut tidak makin terpuruk. Jika harga gas turun, konsumsi gas akan naik. 70.000 orang terkena PHK. Ketua Asosiasi Pengusaha Pengguna Gas Sumatera Utara Johan Brien mengatakan, sejak 2005, sedikitnya 70.000 karyawan telah berhenti bekerja karena krisis gas yang terjadi di Sumut. 

Kebanyakan pelaku industri tidak melaporkan pemutusan hubungan kerja (PHK) yang mereka lakukan. Dinas tenaga kerja juga tidak mengetahui kecuali PHK bermasalah atau masuk dalam pengadilan hubungan industrial, karena jika lapor, malah rumit masalahnya.

Nurbahagia, General Manager PT Intan Nasional Iron Industri di Medan, mengatakan saat ini pihaknya sedang menghadapi pengadilan hubungan industrial yang diajukan 43 karyawannya. PHK terpaksa dilakukan karena perusahaan terpuruk akibat harga gas yang tinggi dan aturan pemerintah tentang bea masuk anti dumping.

Johan mengatakan, pemerintah perlu melihat dampak harga gas pada industri secara keseluruhan. Industri di Sumut pelan-pelan mati karena tidak berdaya saing. Industri barang keramik, gelas, misalnya, tidak bisa bersaing dengan barang-barang yang masuk dari Jawa.

Hingga saat ini, meski telah terbit Peraturan Presiden Nomor 40 Tahun 2016 yang menyatakan penurunan harga per 1 Januari 2016, kemudian muncul lagi Peraturan Menteri ESDM 453K/12/MEM/2017 tanggal 13 Februari 2017 yang menyatakan penurunan per 1 Februari 2017, hingga Minggu (12/3) harga gas industri di Sumut masih 12,22 dollar AS per MMBTU 

Harga itu jauh lebih tinggi daripada harga gas di Jawa Timur, misalnya, yang 8 dollar AS per MMBTU atau Malaysia-Singapura 4-5 dollar AS per MMBTU. Johan mengatakan, di berbagai media sudah disampaikan harga gas di Medan turun menjadi 9,95 dollar AS per MMBTU 

Penurunan baru terjadi jika harga gas kembali ke semula, 8,7 dollar AS per MMBTU. Ia juga meminta Pemerintah Provinsi Sumatera Utara mendorong harga gas turun ke harga lama, Sementara itu, ribuan karyawan industri di Medan dan Deli Serdang resah dengan kondisi perusahaan yang suram akibat mahalnya harga gas. 

Mereka berharap pemerintah segera merealisasikan penurunan harga agar nasib pekerja jelas. Manajer Pabrik PT Kedaung Industrial Medan Sugianto, yang perusahaannya sudah menghentikan dua dari empat mesinnya, Senin, mengatakan sangat berharap perusahaan bisa kembali bertumbuh.

"Saya sudah lebih dari 30 tahun bekerja di sini. Kami tentu berharap perusahaan bisa berkembang dan tumbuh kembali,” katanya.

PT Kedaung Industrial adalah salah satu perusahaan yang menurunkan produksinya akibat krisis gas. Satu mesin telah dimatikan pada 2015 saat krisis gas terjadi di Sumatera Utara, satu lagi baru dimatikan pada 29 Desember 2016. Perusahaan telah mengurangi karyawan dari 1.000 orang menjadi 800 orang.

Untuk mengurangi biaya energi gas yang mencapai 40 persen dari total biaya produksi, perusahaan menggunakan bahan bakar minyak limbah untuk membakar produknya. Namun, minyak limbah membuat mesin berkerak. Akibatnya, dapur pembakaran ambrol. Perusahaan merugi dua kali.

Kompas, Page-1, Tuesday, March, 14, 2017

Government Request Total Co-Working Mahakam

Energy Minister opens the opportunity to be the operator together with Pertamina.

Minister of Energy and Mineral Resources Ignatius Jonan expect Total E & P Indonesie to continue to invest to remain in partnership with PT Pertamina in the Mahakam block after the contract expires at the end of this year. The government hopes to maintain the participation of total production.

"I've been told by Total, talking with Pertamina and Pertamina Gas SKK can offer a share down 39 per cent maximum," said Jonan during a visit to the terminal Senipah, East Kalimantan.

He hoped the Mahakam block production can be maintained even if the age of the Mahakam block is not young anymore. It is known that these blocks produce oil and gas through Bekapai Field since 1974. Jonan also allow Pertamina into a joint operator Total.

"If you want, Total offers, like joint operator or operators continued Total and so on. People also I think it will not be replaced. "

President Director Total Indonesia, Arividya Novianto, said his company has yet to decide its participation in the Mahakam block. "Not yet decided," said Arividya.

Jonan also said Pertamina had to sell a 10 percent stake to the Mahakam block in East Kalimantan provincial government. Based on the Minister of Energy Regulation No. 37 Year 2016, the block operator can lend shares at cost of local government with zero percent interest.

The provincial government can repay the debt with revenues for oil and gas. "Ten percent of the shares (Pertamina) to the local government," said Jonan.

East Kalimantan Governor Awang Faroek in late January expressed its interest in such shares. Owners will be submitted to the Oil and Gas PT Mandiri Pratama, a company owned by the government of East Kalimantan. Based on the Work Plan and Budget (CBP / WP & B), 2017, Pertamina will give money of US $ 187 million to drill 19 wells the Company will prepare fulus approximately US $ 1.25 billion.

But drilling still held by Total as operator The plan is implemented through a contract amendment Mahakam cooperation between the Special Unit of Upstream Oil and Gas and Total this year.

Total will invest approximately US $ 1 billion this year. These funds are only used to drill six wells. Budget rest is used for field maintenance. Total gas production next year predicts 1.4 to 1.5 trillion cubic feet, down from a target of 1.7 trillion cubic feet this year.

IN INDONESIAN

Pemerintah Minta Total Turut Garap Mahakam

Menteri Energi membuka peluang menjadi operator bersama Pertamina.

Menteri Energi dan Sumber Daya Mineral Ignasius Jonan berharap Total E&P Indonesie melanjutkan investasinya dengan tetap bermitra dengan PT Pertamina di Blok Mahakam setelah kontrak berakhir pada akhir tahun ini. Pemerintah berharap keikutsertaan Total dapat menjaga produksi.

“Saya sudah bilang dengan Total, bicara dengan Pertamina dan SKK Migas Pertamina bisa menawarkan share down 39 persen saham maksimum,” kata Jonan saat berkunjung ke terminal Senipah, Kalimantan Timur.

Dia berharap produksi Blok Mahakam bisa dipertahankan sekalipun usia blok Mahakam sudah tidak muda lagi. Diketahui bahwa blok ini memproduksi minyak dan gas bumi melalui Lapangan Bekapai sejak 1974. Jonan juga memperbolehkan Pertamina menjadi operator bersama Total.

“Kalau mau, Total menawarkan, mau operator bersama atau operatornya dilanjutkan Total dan sebagainya. Orang-orang juga saya kira tidak akan diganti."

   Presiden Direktur Total Indonesia, Arividya Novianto, menyatakan perusahaannya belum memutuskan keikutsertaannya di Blok Mahakam.  “Belum diputuskan," kata Arividya.

Jonan juga menyebutkan Pertamina harus menjual 10 persen kepemilikan Blok Mahakam kepada Pemerintah Provinsi Kalimantan Timur. Berdasarkan Peraturan Menteri Energi Nomor 37 Tahun 2016, operator blok dapat meminjamkan biaya perolehan saham pemerintah daerah dengan bunga nol persen. 

Pemerintah provinsi dapat mencicil , utang dengan pendapatan bagi hasil migas. “Sepuluh persen sahamnya (Pertamina) ke pemerintah daerah,” ujar Jonan.

Gubernur Kalimantan Timur Awang Faroek pada akhir Januari lalu menyatakan minatnya untuk mengambil saham tersebut. Kepemilikan nantinya diserahkan kepada PT Migas Mandiri Pratama, perusahaan milik pemerintah Kalimantan Timur. Berdasarkan Rencana Kerja dan Anggaran Perusahaan (RKAP/WP&B) 2017, Pertamina akan memberikan uang sebesar US$ 187 juta untuk pengeboran 19 sumur Perusahaan akan menyiapkan fulus sekitar US$ 1,25 miliar.

Namun pengeboran tetap dilaksanakan oleh Total selaku operator Rencana tersebut diterapkan melalui amendemen kontrak kerja sama Mahakam antara Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi dan Total tahun ini. 

Total akan berinvestasi sekitar US$ 1 miliar tahun ini. Dana ini hanya dipakai mengebor enam sumur. Anggaran sisanya digunakan untuk perawatan lapangan. Total memprediksi produksi gas tahun  depan 1,4-1,5 triliun kaki kubik, menurun dari target 1,7 triliun kaki kubik tahun ini.

Koran Tempo, Page-21, Monday, March, 13, 2017

Total Can Return So the Post-2017 Operator

The government declared Total E & P Indonesie as the manager of the Mahakam block, can again become operator of the block after the contract expires on December 31, 2017 this. This is to ensure that oil and gas production Mahakam block does not drop dramatically in the next year.

Minister of Energy and Mineral Resources (ESDM) Ignatius Jonan said Mahakam block is already 100% awarded to PT Pertamina, which will also be the operator began in 2018. However, Pertamina can take some of the rights of participation (share down) up to 39% to the total, out of stock 10% that must be given to local governments.

Thus, it is possible about the continuation of Total as operator in the Mahakam block post 2017. The Company Frenchman was welcome to discuss it with Pertamina and the Special Task Force of Upstream Oil and Gas (SKK Migas) about this operatorship.

"If you want, Total offers, like joint operator or operators continued Total and so on. People (employees) I also think it will not be replaced, "said Jonan

These deals are provided by the government so that production does not go down the Mahakam block. Currently, the average production of the Mahakam block is 1,635 million standard cubic per day / MMSCFD of gas and 63 thousand barrels per day (bpd) of condensate. Thus, the Mahakam block is recorded as the largest gas producer in Indonesia, which reached 20% of national gas production.

Therefore, Jonan asserted Mahakam Block production should be maintained and should not be a drastic turn. "Production should be maintained and the operation must be efficient. For that cost should not rise and production should not be dropped, "said Jonan.

As is known, the Mahakam block contract by Total E & P Indonesie and Inpex Corporation will end this year. Furthermore, Pertamina through PT Pertamina Hulu Mahakam (PT PHM) has signed a cooperation contract (production sharing contract / PSC) Mahakam block with SKK Migas on December 29, 2015 and became effective on January 1, 2018.

According to records, bids stake in the Mahakam block ilu was submitted to Total a long time. However, Total has yet to deliver answers. As to the possibility of continuing the operator, is a new development. Because, previously stated that Pertamina is the operator of the Mahakam block.

According to President and General Manager Total E & P Indonesie Arividia Noviyanto, it was still discussing both with Headquarters in France. Moreover, about the possibility of joint operation, calls should be ascertained in advance whether Pertamina interested or not. Because the total so far to understand Pertamina had been the operator after 2017. "We'll discuss it with our headquarters. In the not too distant future, we will convey the results of his review, "he said.

Transition

Meanwhile, Jonan asserted, oil and gas production in Block Mahakam should not be dropped during the transition management. The reason, many wells in this block that has produced oil and gas for 40 years since 1974, one of which Bekapai Field. Therefore although the production facility is old and must be maintained in order to keep good production capacity.

"For the transition, there must be no interruption in production and related activities. Later the government will make the regulation immediately so that production capacity does not go down, "he said.

     As is known, Pertamina has signed amendments to the management of the Mahakam Block PSC beginning January 1, 2018. In this revision, the government approved the reimbursement of expenses incurred Pertamina's investment in drilling 19 wells in the next year.

     Pertamina plans to invest an estimated US $ 180 million in the form of drilling 19 wells prior to the effective date of the contract. With so expected gas production from the Mahakam block can be maintained at about 1.2 billion cubic feet per day (bscfd) and condensate approximately 20 thousand barrels per day (bpd) in the year 2018-2019.

     Furthermore, the related rights of employees, the Minister Jonan requested that kept both in terms of safety, working environment, as well as competence. "For approximately the same working relationship. Later Pertamina will create his own company, Pertamina Hulu Mahakam to operate this block, apart from Pertamina Hulu Energi (PHE), "said Jonan.

     Related to the transition process, the Head of SKK Migas Amien Sunaryadi explained, midnight December 31, 2017 is the deadline for the transfer of management of the Mahakam block. At that time, the team from Total, Pertamina, and SKK Migas should be in the field to handover management. "The meter of gas and oil to be seen at 00:00, which is the border has Total and Pertamina.

    Total and Inpex Corporation is the operator managing the Mahakam Block since the contract was signed on October 16, 1966 and ending March 30, 1997. The first production of the Mahakam block occurred in 1974. The Mahakam block contract was then extended on January 11, 1997 and will end on December 31, 2017 this. Mahakam block includes Peciko gas field, Tunu, Tambora, Sisi-Nubi, and South Mahakam. In addition, as well as oil field Bekapai and Handil.

IN INDONESIAN

Total Dapat Kembali Jadi Operator Pasca 2017

Pemerintah menyatakan Total E&P Indonesie selaku pengelola Blok Mahakam, dapat kembali menjadi operator blok tersebut setelah kontrak berakhir pada 31 Desember 2017 ini. Hal ini untuk menjaga agar produksi migas Blok Mahakam tidak turun drastis pada tahun depan. 

Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan mengatakan, Blok Mahakam memang telah 100% diberikan kepada PT Pertamina yang juga akan menjadi operator mulai 2018. Namun, Pertamina dapat melepas sebagian hak partisipasinya (share down) maksimal sampai 39% kepada Total, di luar saham 10% yang wajib diberikan kepada pemerintah daerah.

Sehingga, tidak menutup kemungkinan soal kelanjutan Total sebagai operator di Blok Mahakam pasca 2017. Perusahaan asal Perancis itu dipersilahkan untuk mendiskusikannya dengan Pertamina dan Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) soal operatorship ini.

“Kalau mau, Total menawarkan, mau operator bersama atau operatornya dilanjutkan Total dan sebagainya. Orang-orang (pegawai) juga saya kira tidak akan diganti,” kata Jonan 

Tawaran ini diberikan pemerintah agar produksi Blok Mahakam tidak turun. Saat ini, rata-rata produksi Blok Mahakam adalah 1.635 million standard cubic per day/mmscfd untuk gas dan 63 ribu barel per hari (bph) untuk kondensat. Sehingga, Blok Mahakam tercatat sebagai produsen gas terbesar di Indonesia, yakni mencapai 20% dari produksi gas nasional.

Karenanya, Jonan menegaskan, produksi Blok Mahakam harus dipertahankan dan tidak boleh turn drastis. “Produksi harus dipertahankan dan operasi harus efisien. Untuk itu biaya tidak boleh naik dan hasil produksi tidak boleh turun,” kata Jonan. 

Seperti diketahui, kontrak Blok Mahakam oleh Total E&P Indonesie dan Inpex Corporation akan berakhir pada tahun ini. Selanjutnya, Pertamina melalui PT Pertamina Hulu Mahakam (PT PHM) telah meneken kontrak kerja sama (production sharing contract/ PSC) Blok Mahakam dengan SKK Migas pada 29 Desember 2015 dan berlaku efektif pada 1 Januari 2018. 

Menurut catatan, tawaran kepemilikan saham di Blok Mahakam ilu telah disampaikan ke Total sejak lama. Namun, Total sampai saat ini belum menyampaikan jawaban. Sementara soal kemungkinan melanjutkan menjadi operator, merupakan satu perkembangan baru. Pasalnya, sebelumnya dinyatakan bahwa Pertamina adalah operator Blok Mahakam.

Menurut President and General Manager Total E&P Indonesie Arividia Noviyanto, pihaknya masih mendiskusikan dua hal tersebut dengan Kantor Pusat di Perancis. Apalagi soal kemungkinan joint operation, disebutnya perlu dipastikan terlebih dahulu apakah Pertamina berminat atau tidak. Pasalnya, Total selama ini memahami Pertamina lah yang menjadi operator setelah 2017. “Nanti kami diskusikan dengan kantor pusat kami. Dalam waktu tidak terlalu lama, kami akan sampaikan hasil review-nya,” kata dia.

Transisi

Sementara itu, Jonan menegaskan, produksi migas di Blok Mahalam tidak boleh turun selama masa transisi pengelolaan. Pasalnya, banyak sumur di blok ini yang telah menghasilkan migas selama 40 tahun sejak 1974, salah satunya Lapangan Bekapai. Karenanya meski fasilitas produksi sudah tua, harus dipertahankan kapasitas produksinya agar tetap baik.

“Untuk transisi, harus tidak ada gangguan di produksi dan kegiatan terkait. Nanti pemerintah akan bikin peraturan segera supaya kapasitas produksinya tidak turun,” kata dia.

Seperti diketahui, Pertamina telah meneken amendemen PSC Blok Mahakam untuk pengelolaan mulai 1 Januari 2018. Dalam revisi ini, pemerintah menyetujui penggantian biaya investasi yang dikeluarkan Pertamina dalam pengeboran 19 sumur pada tahun depan.

Pertamina berencana untuk melakukan investasi yang diperkirakan sebesar US$ 180 juta dalam bentuk kegiatan pemboran 19 sumur sebelum tanggal efektif kontrak. Dengan begitu diharapkan produksi gas bumi dari Blok Mahakam dapat dipertahankan sekitar 1,2 miliar kaki kubik per hari (BSCFD) dan kondensat sekitar 20 ribu barel per hari (bph) pada tahun 2018-2019.

Selanjutnya, terkait hak-hak pegawai, Menteri Jonan meminta agar tetap dijaga, baik terkait aspek keselamatan, lingkungan kerja, maupun kompetensinya. “Untuk hubungan kerja kurang lebih sama. Nanti Pertamina akan buat perusahaan sendiri, yaitu Pertamina Hulu Mahakam untuk mengoperasikan blok ini, terpisah dari Pertamina Hulu Energi (PHE),” tutur Jonan.

Terkait proses transisi, Kepala SKK Migas Amien Sunaryadi menjelaskan, tengah malam 31 Desember 2017 merupakan batas pengalihan pengelolaan Blok Mahakam. Pada saat itu, tim dari Total, Pertamina, dan SKK Migas harus berada di lapangan untuk serah terima pengelolaan. “Meteran gas dan minyak harus dilihat pada 00:00, ini menjadi batas mana punya Total dan Pertamina.

Total dan Inpex Corporation menjadi operator pengelola Blok Mahakam sejak kontrak ditandatangani pada 16 Oktober 1966 dan berakhir tanggal 30 Maret 1997. Produksi pertama Blok Mahakam terjadi pada 1974. Kontrak Blok Mahakam kemudian diperpanjang pada 11 Januari 1997 dan akan berakhir pada 31 Desember 2017 ini. Blok Mahakam meliputi lapangan gas Peciko, Tunu, Tambora, Sisi-Nubi, dan South Mahakam. Selain itu, termasuk juga lapangan minyak Bekapai dan Handil.

Investor Daily, Page-9, Monday, March, 13, 2017