Supreme Court Strengthens COSL & Husky Parties

Efforts by the Business Competition Supervisory Commission (KPPU) to defend the decision on the jackpot plot of services drilling rig services between PT COSL Indo and Husky CNOOC Madura Limited ended defeated in the Supreme Court (MA).

The Supreme Court in the verdict of cassation actually reinforced the decision of South Jakarta District Court which overturned the KPPU's decision. In the decision No. 952 K / Pdt. Sus-KPPU / 201 7 Supreme Court declared the petition filed by KPPU.

"Rejected the appeal from the appellant of the Supervisory Commission of the Business Competition Supervisory Commission," the ruling from the Court's Supreme Court Registry official website said Tuesday (2/1).

The cassation is examined by a panel of judges comprising Takdir Rahmadi, Nurul Elmiyah and I Gusti Agung Surnanatha. The verdict was read on October 19, 2017. The verdict as well as reinforce the decision of South Jakarta Commercial Court. 907 K / Pdt.GKPPU / 2016 / PN.Jkt.Sel. which was set by the judge on April 27, 2017. The judges did not find the affiliation facts as mentioned by KPPU which caused a conspiracy.

Chairman of the Supreme Court Justice Takdir Rahmadi said the appellant of the appeal was unable to prove the existence of a conspiracy between PT COSL Indo and Husky CNOOC Madura Limited.

The two companies were not legally and convincingly proven to meet the elements of Article 22 of Law no. 5/1999 on Prohibition of Monopolistic Practices and Unfair Business Competition.

This ruling is also reinforced by testimony from witnesses and experts indicating that the bidding process is in compliance with prevailing regulations and current oil and gas industry conditions.

PT COSL Indo and Husky CNOOC Madura Limited have also received approval from the tender result from SKK Migas. In addition, Appreciation Letter has been given by Husky CNOOC Madura Limited as a service user to PT COSL INDO.

Previously, KPPU filed an appeal over the South Jakarta District Court's decision to win the PT COSL Indo and Husky CNOOC Madura Limited related to the tender conspiracy case. KPPU's legal counsel Nunil Fadilah said that although the court granted the objection to the reported parties I and II, it would not be a stunt in proving the existence of a conspiracy.

Meanwhile, PT COSL Indo and Husky-CNOOC Madura Limited lawyers, Teuku Raja Rajuanda from Firmansyah and Co. law firm. said that from the beginning the KPPU's decision was judged.

This is because the Commission Council did not consider the facts presented by the witnesses reported. Tender services jack-up drilling rig services for BD is to support the drilling and completion of operations and Madura BD Structure is located off the coast Madura Strait KKS Madura. The estimated value of the project reached US $ 34.62 million.

On October 14, 2016, KPPU Commission Assembly read the verdict stating Husky CNOOC (Reported I) and PT COSL Indo (Reported II) violated Article 22 of Law no. 5/199. Both reportedly punished to pay a fine of Rp 12.8 billion and Rp 11.6 billion.

IN INDONESIA

MA Kuatkan Kubu COSL & Husky

Upaya Komisi Pengawas Persaingan Usaha (KPPU) untuk mempertahankan putusan tentang persekongkolan tender jasa jack-up drilling rig services antara PT COSL Indo dan Husky CNOOC Madura Limited berakhir kalah di Mahkamah Agung (MA).

Mahkamah Agung dalam putusan kasasi justru menguatkan putusan Pengadilan Negeri Jakarta Selatan yang membatalkan putusan KPPU. Dalam putusan No. 952 K/Pdt. Sus-KPPU/201 7 MA menyatakan menolak permohonan kasasi yang diajukan KPPU.

“Menolak permohonan kasasi dari pemohon kasasi Komisi Pengawas Persaingan Usaha tersebut,” bunyi amar putusan dari laman resmi Kepaniteraan Mahkamah Agung, Selasa (2/1).

Perkara kasasi tersebut diperiksa oleh majelis hakim agung yang terdiri dari Takdir Rahmadi, Nurul Elmiyah, dan I Gusti Agung Surnanatha. Putusan dibacakan pada 19 Oktober 2017. Putusan itu sekaligus mempertegas putusan Pengadilan Niaga Jakarta Selatan No. 907 K/Pdt.GKPPU/2016/PN.Jkt.Sel. yang ditetapkan hakim pada 27 April 2017. Majelis hakim ketika itu tidak menemukan fakta afiliasi seperti yang disebutkan KPPU yang menimbulkan persekongkolan.

Ketua Majelis Hakim Agung Takdir Rahmadi mengatakan pemohon kasasi tidak mampu membuktikan adanya persekongkolan antara PT COSL Indo dan Husky CNOOC Madura Limited.

Kedua perusahaan pun tidak terbukti secara sah dan meyakinkan memenuhi unsur-unsur dalam Pasal 22 UU No. 5/1999 tentang Larangan Praktek Monopoli dan Persaingan Usaha Tidak Sehat.

Putusan ini juga diperkuat dengan keterangan keterangan saksi dan ahli menyatakan proses tender sudah sesuai dengan peraturan yang berlaku dan kondisi industri minyak dan gas bumi saat ini.

PT COSL Indo dan Husky CNOOC Madura Limited pun sudah mendapat persetujuan hasil pelaksanaan tender dari SKK Migas. Selain itu telah diberikan Appreciation Letter oleh Husky CNOOC Madura Limited sebagai pengguna jasa kepada PT COSL INDO.

Sebelumnya, KPPU mengajukan kasasi atas putusan Pengadilan Negeri Jakarta Selatan yang memenangkan pihak PT COSL Indo dan Husky CNOOC Madura Limited terkait kasus persekongkolan tender. Kuasa hukum KPPU Nunil Fadilah mengatakan meskipun pengadilan mengabulkan keberatan terlapor I dan II, pihaknya tidak akan stunt dalam membuktikan adanya persekongkolan.

Sementara itu, kuasa hukum PT COSL Indo dan Husky-CNOOC Madura Limited, Teuku Raja Rajuanda dari kantor hukum Firmansyah and Co. mengatakan sudah dari awal putusan KPPU dinilai sumir.

Hal itu mengingat Majelis Komisi tidak mempertimbangkan fakta-fakta yang dihadirkan oleh saksi terlapor. Tender jasa jack-up drilling rig services for BD itu untuk mendukung pengeboran dan penyelesaian operasi dan Madura BD Structure yang berlokasi di lepas pantai Selat Madura KKS Madura. Estimasi nilai proyek mencapai US$ 34,62 juta. 

Pada 14 Oktober 2016 Majelis Komisi KPPU membacakan putusan yang menyatakan Husky CNOOC (terlapor I) dan PT COSL Indo (terlapor II) melanggar Pasal 22 UU No. 5/199. Kedua terlapor dihukum membayar denda Rp 12,8 miliar dan Rp 11,6 miliar.

Bisnis Indonesia, Page-8, Wednesday, Jan 3, 2018

Beware Increased Energy Subsidy 2018

The burden of energy subsidy becomes the budget burden again. See, due to rising world crude oil prices, the realization of the budget the energy subsidy of 2017 increases enormously.

The Ministry of Finance noted that until the end of 2017 the realization of energy subsidy budget reached Rp 97.6 trillion, equal to 108.7% of energy subsidy in APBNP 2017 amounting to Rp 89.9 trillion.

The increase in energy subsidy budget last year was like an alarm for this year. It is not impossible that the allocation of energy subsidies in 2018 exceeds the limit as well. Understandably, the government guarantees not to raise the price of fuel oil (BBM) subsidy and electricity tariffs, at least until March 2018. On the other hand, crude oil prices continue to rise.

Yesterday, the price of West Texas Intermediate (WTI) crude oil in the global market was at US $ 60.29 per barrel. Goldman Sachs projection, Brent oil price at the level of US $ 62 per barrel at the end of the first quarter of 2018. The number of indications is far above the Indonesian oil price assumption (ICP) in the 2018 APBN of US $ 48 per barrel.

By comparison, as of November 2017, with the average price of WTI oil in the world market at US $ 56.81 barrel, ICP was set at US $ 59.34 per barrel. While the average ICP last year was estimated at US $ 50 per barrel, above the target of US $ 45 per barrel

Finance Minister Sri Mulyani Indrawati is not worried about the upward trend in oil prices. Indeed, the allocation of energy subsidies increases if oil prices rise. On the other hand, rising oil prices also raised state revenues from oil and gas.

Finance Minister Sri Mulyani Indrawati 

"ICP above target is not a problem because subsidy cost increase is less than the increase of state revenue," said Sri Mulyani.

He added that the increase in the allocation of energy subsidies in 2017 caused two things. First, changes in world oil price assumptions. Second, last year's underpayment or carry over.

"This is for Pertamina and PLN which are under pressure," explained Sri Mulyani.

Satya Widya Yudha

Vice Chairman of Commission VII of the House of Representatives Satya Widya Yudha suggested that the government should propose a revision of the ICP assumption in the draft APBN-P 2018.

"ICP rises, the subsidy budget also increases, and the government should also be able to maintain the volume of energy subsidy distribution," Satya said.

IN INDONESIA

Waspadai Peningkatan Subsidi Energi 2018

Beban subsidi energi menjadi beban anggaran lagi. Lihat saja, akibat kenaikan harga minyak mentah dunia, realisasi anggaran subsidi energi tahun 2017 bertambah sangat besar.

Kementerian Keuangan mencatat, sampai akhir 2017 realisasi anggaran subsidi energi mencapai Rp 97,6 triliun, Nilai tersebut setara 108,7% dari bagian subsidi energi dalam APBNP 2017 yang sebesar Rp 89,9 triliun.

Peningkatan anggaran subsidi energi tahun lalu seperti alarm untuk tahun ini. Bukan mustahil alokasi subsidi energi tahun 2018 melebihi batas juga. Maklum, pemerintah menjamin tidak menaikkan harga bahan bakar minyak (BBM) subsidi maupun tarif listrik, setidaknya sampai Maret 2018. Di sisi lain, harga minyak mentah terus naik.

Kemarin, harga minyak mentah jenis West Texas Intermediate (WTI) di pasar global di posisi US$ 60,29 per barel. Proyeksi Goldman Sachs, harga minyak Brent di level US$ 62 per barel pada akhir kuartal I-2018. Sejumlah indikasi itu jauh di atas asumsi harga minyak Indonesia (ICP) dalam APBN 2018 yang sebesar US$ 48 per barel.

Sebagai perbandingan, per November 2017, dengan harga rata-rata minyak WTI di pasar dunia US$ 56,81 barel, ICP ditetapkan US$ 59,34 per barel. Sementara rata-rata ICP sepanjang tahun lalu diperkirakan US$ 50 per barel, di atas target US$ 45 per barel

Menteri Keuangan Sri Mulyani Indrawati tidak khawatir dengan tren kenaikan harga minyak. Memang, alokasi subsidi energi naik jika harga minyak naik. Tapi di sisi, kenaikan harga minyak juga menaikkan penerimaan negara dari migas. 

"ICP di atas target tidak masalah. Sebab kenaikan beban subsidi lebih kecil dibanding peningkatan penerimaan negara," kata Sri Mulyani.

Dia menambahkan, kenaikan alokasi subsidi energi tahun 2017 disebabkan dua hal. Pertama, perubahan asumsi harga minyak dunia. Kedua, pembayaran kurang bayar tahun lalu atau carry over. 

"Ini untuk Pertamina dan PLN yang katanya mengalami tekanan," jelas Sri Mulyani.

Wakil Ketua Komisi VII Dewan Perwakilan Rakyat Satya Widya Yudha menyarankan, pemerintah sebaiknya mengajukan revisi asumsi ICP dalam rancangan APBN-P 2018. 

"ICP naik, anggaran subsidi juga naik. Pemerintah juga harus bisa menjaga volume penyaluran subsidi energi," kata Satya.

Kompas, Page-22, Wednesday, Jan 3, 2018

Pertamina Manage Mahakam

The Decrease of Oil and Gas Production Strives 30 Percent Per Year

The management of the Mahakam block in East Kalimantan shifted from Total E&P Indonesie to PT Pertamina as of January 1, 2018. The transfer of large-scale oil and gas blocks poses Pertamina's challenge in managing the expired block of contracts. There are 38 oil and gas blocks in the country that will expire until 2026.

The transfer of management rights of the Mahakam block is done shortly before the turn of 2017 to 2018 in Balikpapan, East Kalimantan. The rich gas block is managed by Total E&P Indonesia (TEPI) since 1967 and its contract expired as of December 31, 2017.

the Mahakam block

Mahakam block is returned Total E&P Indonesia to the Republic of Indonesia, in this case the Special Unit for Upstream Oil and Gas Business Activities (SKK Migas), and subsequently submitted to Pertamina.

"The management of this block is full of challenges in the form of complex field conditions and the age of old wells so that productivity drops dramatically. This is a good time for Pertamina to prove that we are capable of managing large blocks, "said Pertamina Upstream Director Syamsu Alam, after receiving the right to manage the Mahakam block from SKK Migas on Monday (1/1) in Balik-
Board.

The peak of Mahakam Block gas production reached 2.8 billion standard cubic feet per day (BSCFD) in 2009. The peak oil production was 230,000 barrels per day in 1977. Currently, the remaining reserves of Mahakam Block gas are 4.9 trillion cubic feet ( TCF) and oil reserves of 57 million barrels.

The daily production of natural gas throughout 2017 recorded 1,286 million standard cubic feet per day (MMSCFD) and oil of 51,700 barrels per day.

"Another challenge is how to maintain operating standards that have been applicable before, while still managed Total E&P Indonesia. If possible, the standard should be improved even better, "said Syamsu.

President Director of PT Pertamina Hulu Indonesia, a subsidiary of Pertamina, which manages Mahakam-Bambang Manumayoso, said the investment is set as much as 1.7 billion US dollars or equivalent to Rp 23 trillion for 2018. The investment has been spent throughout 2017 of 150 million US dollars 2 trillion), one of which is to drill 15 development wells.

"The rate of decline in oil and gas production in the Mahakam block reaches 51 percent per year. We will strive to reduce the rate to about 30 percent by the method of well work and drilling of development wells, "said Bambang.

Associated with the status of TEPI employees who were previously involved in the management of the Mahakam Block, according to Bambang, they are now employees of Pertamina. Total E&P Indonesia Total employee while managing Mahakam Block as many as 1,919 people. After being taken over by Pertamina, the number of employees who joined and remained in the block as many as 1885 people or about 98.23 percent who moved to Pertamina employees.

Not ready

Based on the Regulation of the Minister of Energy and Mineral Resources Number 37 of 2016, oil and gas producing areas get a participation stake of 10 percent. The shares are granted to regional-owned enterprises (BUMD).

However, according to Assistant II for Economic Affairs and Development of East Kalimantan Province Ichwansyah, Regional Owned Enterprises (BUMD) is not fully prepared. Currently there is still talks between the Government of East Kalimantan Province and the Government of Kutai Kartanegara Regency. So far, the region is already willing to take the 10 per cent participation right.

"There are many challenges (in the formation of BUMD) and we need the support of all parties, including the central government, so that this will be realized soon," said Ichwansyah.

Head of SKK Migas Amien Sunaryadi hopes East Kalimantan Provincial Government and Pemerinath of Kutai Kartanegara Regency to settle the issue of the shares of participation. Because, if the settlement is delayed longer, then the longer the area will get profit sharing from the Mahakam Block. However, this problem certainly will not interfere with the operation of the Mahakam Block.

"We are still waiting for the establishment of BUMD shareholders 10 percent later. There is no time limit when to be formed immediately BUMD. It's just that the regions themselves are losers if not immediately formed because it will delay their acceptance, "said Amien.

Involvement

Meanwhile, Total E&P Indonesia has not yet found an agreement to engage in the management of the Mahakam Block. The government has signaled that Total E&P Indonesia can get 39 percent of management. If the share was taken, Pertamina controls 51 percent shares.

"The talks with Pertamina are still ongoing. Our target before the end of January is no decision, "said President and General Manager of Total E&P Indonesia Arividya Noviyanto.

Regarding the transfer of management, said Arividya, it believes Pertamina can maintain the oil and gas production performance of the Mahakam Block. The block known as the largest gas producer since the early 2000s has an important contribution to gas production in Indonesia. Gas from the Mahakam Block contributes 13 percent of Indonesia's total gas production.

The Mahakam Block cooperation contract was signed on 6 October 1966 for a period of 30 years. TEPI as operator with 65 percent share cooperating with Inpex Corporation (Japan) which owns 35 percent shares. In 1991, Total E&P Indonesia obtained a contract extension for 20 years until March 30, 2017 The Mahakam Contract incurred an additional period of nine months until December 31, 2017 due to a renewal of the liquefied natural gas sales contract.

IN INDONESIA

Pertamina Kelola Mahakam

Laju Penurunan Produksi Migas Diupayakan 30 Persen Per Tahun

Pengelolaan Blok Mahakam di Kalimantan Timur beralih dari Total E&P Indonesie ke PT Pertamina per 1 Januari 2018. Pengalihan blok minyak dan gas bumi skala besar ini menjadi tantangan Pertamina dalam mengelola blok-blok yang habis masa kontraknya. Ada 38 blok minyak dan gas bumi di dalam negeri yang akan habis masa kontraknya hingga 2026.

Penyerahan hak kelola Blok Mahakam dilakukan beberapa saat sebelum detik-detik pergantian tahun 2017 ke 2018 di Balikpapan, Kalimantan Timur. Blok kaya gas bumi tersebut dikelola Total E&P Indonesia (TEPI) sejak 1967 dan habis kontraknya per 31 Desember 2017. 

Blok Mahakam dikembalikan Total E&P Indonesia ke negara Republik Indonesia, dalam hal ini Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), dan selanjutnya diserahkan kepada Pertamina.

”Pengelolaan blok ini penuh tantangan berupa kondisi lapangan yang kompleks dan usia sumur yang tua sehingga produktivitasnya menurun drastis. Ini menjadi saat yang tepat bagi Pertamina untuk membuktikan bahwa kami mampu mengelola blok besar,” kata Direktur Hulu Pertamina Syamsu Alam, seusai acara penerimaan hak kelola Blok Mahakam dari SKK Migas, Senin (1/1) dini hari, di Balik-
Papan.

Puncak produksi gas Blok Mahakam mencapai 2,8 miliar standar kaki kubik per hari (BSCFD) pada 2009. Adapun puncak produksi minyak sebesar 230.000 barrel per hari pada 1977. Saat ini, sisa cadangan terbukti gas Blok Mahakam sebanyak 4,9 triliun kaki kubik (TCF) dan cadangan minyak 57 juta barrel. 

Adapun produksi harian gas bumi sepanjang 2017 tercatat 1.286 juta standar kaki kubik per hari (MMSCFD) dan minyak sebanyak 51.700 barrel per hari.

”Tantangan lainnya adalah bagaimana mempertahankan standar operasi yang sudah berlaku sebelumnya, saat masih dikelola Total E&P Indonesia. Kalau bisa, standarnya harus ditingkatkan lebih baik lagi,” ujar Syamsu.

Direktur Utama PT Pertamina Hulu Indonesia anak usaha Pertamina yang mengelola Mahakam-Bambang Manumayoso mengatakan, investasi yang disiapkan sebanyak 1,7 miliar dollar AS atau setara Rp 23 triliun untuk 2018. Adapun investasi yang sudah dibelanjakan sepanjang 2017 sebesar 150 juta dollar AS (setara Rp 2 triliun) yang salah satunya untuk pengeboran 15 sumur pengembangan.

”Laju penurunan produksi migas di Blok Mahakam mencapai 51 persen per tahun. Kami akan mengupayakan laju penurunannya menjadi sekitar 30 persen saja dengan metode kerja ulang sumur dan pengeboran sumur pengembangan,” ujar Bambang.

Terkait dengan status karyawan TEPI yang sebelumnya terlibat dalam pengelolaan Blok Mahakam, menurut Bambang, mereka kini menjadi karyawan Pertamina. Total karyawan Total E&P Indonesia saat mengelola Blok Mahakam sebanyak 1.919 orang. Setelah diambil alih Pertamina, jumlah karyawan yang bergabung dan tetap bekerja di blok tersebut sebanyak 1.885 orang atau sekitar 98,23 persen yang berpindah menjadi karyawan Pertamina. 

Belum siap

Berdasarkan Peraturan Menteri ESDM Nomor 37 Tahun 2016, daerah penghasil migas mendapat saham partisipasi sebesar 10 persen. Saham itu diberikan kepada badan usaha milik daerah (BUMD).

Namun, menurut Asisten II Bidang Perekonomian dan Pembangunan Provinsi Kalimantan Timur Ichwansyah, Badan Usaha Milik Daerah (BUMD) belum sepenuhnya siap. Saat ini masih berlangsung pembicaraan antara Pemerintah Provinsi Kalimantan Timur dan Pemerintah Kabupaten Kutai Kartanegara. Sejauh ini, daerah sudah bersedia mengambil hak partisipasi 10 persen tersebut.

”Banyak tantangannya (dalam pembentukan BUMD) dan kami butuh dukungan semua pihak, termasuk pemerintah pusat, agar ini segera terealisasi,” kata Ichwansyah.

Kepala SKK Migas Amien Sunaryadi berharap Pemerintah Provinsi Kalimantan Timur dan Pemerinath Kabupaten Kutai Kartanegara menyelesaikan persoalan saham partisipasi tersebut. Sebab, jika penyelesaiannya semakin lama tertunda, maka semakin lama pula daerah tersebut mendapatkan dana bagi hasil dari Blok Mahakam. Akan tetapi, masalah ini dipastikan tidak akan mengganggu operasi Blok Mahakam.

”Kami tetap menunggu kesiapan dibentuknya BUMD pemegang saham 10 persen nanti. Tidak ada batas waktu kapan harus segera dibentuk BUMD. Hanya saja, daerah sendiri yang merugi kalau tidak segera terbentuk karena akan menunda penerimaan mereka,” kata Amien.

Keterlibatan

Sementara itu, pihak Total E&P Indonesia  juga belum menemukan kesepakatan untuk terlibat dalam pengelolaan Blok Mahakam. Pemerintah sudah memberi sinyal bahwa Total E&P Indonesia  bisa mendapat bagian pengelolaan sebanyak 39 persen. Jika bagian itu diambil, Pertamina menguasai saham 51 persen.

”Pembicaraan dengan Pertamina masih terus berlangsung. Target kami sebelum akhir Januari sudah ada keputusan,” kata President and General Manager Total E&P Indonesia Arividya Noviyanto.

Terkait alih kelola tersebut, kata Arividya, pihaknya percaya Pertamina dapat mempertahankan kinerja produksi migas Blok Mahakam. Blok yang dikenal sebagai penghasil gas terbesar sejak awal 2000-an tersebut memiliki kontribusi penting terhadap produksi gas di Indonesia. Gas dari Blok Mahakam berkontribusi 13 persen dari keseluruhan produksi gas Indonesia.

Kontrak kerja sama Blok Mahakam ditandatangani pada 6 Oktober 1966 untuk jangka 30 tahun. TEPI selaku operator dengan saham 65 persen menggandeng Inpex Corporation (Japan) yang menguasai saham 35 persen. Pada 1991, Total E&P Indonesia  memperoleh perpanjangan kontrak selama 20 tahun hingga 30 Maret 2017 Kontrak Mahakam mengalami tambahan waktu selama sembilan bulan hingga 31 Desember 2017 karena ada perpanjangan kontrak penjualan gas alam cair.

Kompas, Page-17, Tuesday, Jan 2, 2018

Mahakam Block Finally Managed Pertamina

Starting Monday, January 1, 2018, the management of the Mahakam block shifted from Total E & P Indonesia to Pertamina. The process begins with the delivery of Mahakam Work Area management from Total E & P Indonesia and Inpex Japan to the government represented by Head of SKK Migas Amien Sunaryadi, which then submitted to Pertamina represented by Director Hulu Syamsu Alam.

The following are facts about the takeover of the Mahakam Block from Total E & P Indonesia to PT Pertamina.

The Mahakam Block

Starting January 1, 2018, Mahakam Block Officially Managed Pertamina January 1 Pertamina Manages Mahakam Block, Indonesia's Largest Oil Field in Mahakam Block, Deputy Minister of EMR: Insha Allah, 31 December 100% to Pertamina.

1. Changed Name

Having been controlled by foreign parties for 50 years, the Mahakam block is now renamed Work Area (WK) managed by Pertamina Hulu Mahakam (PHM), which is mentioned as the grandson of Pertamina company. Previously the management was in the hands of Total E & P Indonesia and lnpex Japan for 50 years.

2. Transition Through Several Stages

Pertamina during the transition period has made various efforts and coordination with all parties. Given the management of the Mahakam Working Area as a state duty to be carried out in accordance with the main tasks, and Pertamina functions as a SOE.

"Management is carried out while maintaining the production of the Mahakam Block Working Area whose peak production reservoir in the 2003-2009 period has been exceeded.

PHM controls operating costs and keeps QHSSE (Quality, Health, Safety, Security and Environment) in operation, "Pertamina Upstream Director Syamsu Alam said.

Previously, Pertamina has successfully proven the management of post-mining oil and gas blocks, Offshore North West Java (ONWJ) Block in 2009, and West Madura Offshore (WMO) in 2011.

3. Mahakam Block Potentially Profitable

Based on SKK Migas data as of November 2017, the Mahakam Working Area produces oil and condensate of 52 thousand barrels of oil per day, and 1.360 million cubic feet of natural gas per day. That's what makes the Mahakam Block has enough potential promising, with evidence as of January 1, 2018 of 4.9 trillion Cubic Feet (TCF) of gas, 57 million barrels of oil, and 45 million barrels of condensate.

Meanwhile, in the Work Program and Budget Agreement (WP & B) 2018, SKK Migas targets PHM production of 42.01 thousand barrels of oil per day, and 916 mmscf of gas per day. This figure is planned to be achieved by drilling development wells of 69 wells, 132 workover wells, 5623 repair wells, and POFD 5 oil and gas fields in the Working Area of Mahakam.

IN INDONESIA

Blok Mahakam Akhirnya Dikelola Pertamina

Mulai Senin 1 Januari 2018 pengelolaan Blok Mahakam beralih dari Total E&P Indonesia ke Pertamina. Proses diawali dengan penyerahan pengelolaan Wilayah Kerja Mahakam dari Total E&P Indonesia dan Inpex Jepang kepada pemerintah yang diwakili oleh Kepala SKK Migas Amien Sunaryadi, yang selanjutnya diserahkan ke Pertamina diwakili oleh Direktur Hulu Syamsu Alam.

Berikut ini merupakan fakta-fakta tentang pengambilalihan Blok Mahakam dari Total E & P Indonesia ke PT Pertamina. 

Mulai 1 Januari 2018, Blok Mahakam Resmi Dikelola Pertamina 1 Januari Pertamina Kelola Blok Mahakam, Ladang Migas Terbesar di Indonesia di Blok Mahakam, Wakil Menteri ESDM: Insya Allah, 31 Desember 100% ke Pertamina. 

1. Berubah Nama 

Setelah dikuasai pihak Asing selama 50 Tahun, Blok Mahakam kini berganti nama menjadi Wilayah Kerja (WK) dikelola oleh Pertamina Hulu Mahakam (PHM) yang disebut-sebut sebagai cucu perusahaan Pertamina. Sebelumnya pengelolaan berada di tangan Total E&P Indonesia dan lnpex selama 50 tahun.

2. Peralihan Melalui Beberapa Tahap 

Pihak Pertamina selama masa peralihan telah melakukan berbagai upaya dan koordinasi dengan semua pihak. Mengingat pengelolaan Wilayah Kerja Mahakam sebagai tugas negara yang akan dijalankan sesuai tugas pokok, dan fungsi Pertamina sebagai BUMN

"Pengelolaan dilaksanakan dengan tetap menjaga produksi Wilayah Kerja blok Mahakam yang masa puncak produksi reservoirnya pada periode 2003-2009 telah terlewati. 

PHM mengontrol biaya operasi dan tetap mengedepankan QHSSE (Quality, Health, Safety, Security and Environment) dalam operasionalnya," kata Direktur Hulu Pertamina Syamsu Alam.

Sebelumnya, Pertamina telah berhasil membuktikan pengelolaan blok migas pascaterminasi, yakni Blok Offshore North West lava (ONWJ) pada 2009, dan West Madura Offshore (WMO) pada 2011.

3. Blok Mahakam Berpotensi Menguntungkan 

Berdasarkan data SKK Migas per November 2017, Wilayah Kerja Mahakam berproduksi minyak dan kondensat sebesar 52 ribu barel minyak per hari, dan 1.360 juta kaki kubik gas bumi per hari. Hal itu yang menjadikan Blok Mahakam memiliki potensi yang cukup menjanjikan, dengan bukti per 1 Januari 2018 sebesar 4,9 Tiliun Cubic Feet (TCF) gas, 57 juta barel minyak, serta 45 juta barel kondensat.

Sedangkan, pada Persetujuan Program Kerja dan Anggaran (WP&B) 2018, SKK Migas menargetkan produksi PHM 42,01 ribu barel minyak per hari, dan 916 mmscf gas per hari. Angka tersebut direncanakan tercapai dengan adanya pengeboran sumur pengembangan sebanyak 69 sumur, 132 workover sumur, 5623 perbaikan sumur, serta POFD 5 lapangan migas di Wilayah Kerja Mahakam.

Harian Bangsa, Page-4, Tuesday, Jan 2, 2018

Production Target Down

The target of natural gas production from the Mahakam block in 2018 is 916 million cubic feet per day or Down by 32.65% compared to the realization as of November 2017.

The Mahakam Block gas production target refers to the work plan and budget proposed by PT Pertamina as the new operator of offshore oil and gas blocks in East Kalimantan. Based on data from SKK Migas, the daily average gas production of Mahakam Block as of November 2017 reached 1.360 million cubic feet per day / MMscfd and condensate of 52,000 barrels per day (bpd).

The Mahakam Block

The target of condensate production in the Mahakam block this year is only 42,000 bpd, lower than the realization during 2017. The oil and gas production target this year is achieved by drilling 69 development wells, 132 reforestation wells, 5,623 wells and advanced development plan on five oil and gas fields in the Mahakam block. Previously, Pertamina targeted gas production of 1,100 MMScfd and 48,000 bph condensate.

In terms of activities, Pertamina previously planned to drill 55 development wells, 125 wells for re-operation, and maintenance of 5,500 wells.

Head of Program and Communications Division of SKK Migas Wisnu Prabawa Taher said it was considering technical discussions on the side of reservoir capability and economy.

"I do not know the 1,100 [MMscfd]. The details are nearly 1,000 [MMscfd]. Already through technical discussion we also discuss the reservoir and economy, "he said

From Pertamina data, the Mahakam block gas production is estimated to increase to 1,207 MMscfd from the condition should be around 782 MMscfd by 2019. Gas production is also projected to rise in 2020 to 1,268 MMscfd from the condition of 551 MMscfd. Production rates in the range of 1,200 MMScfd will survive until 2022 when the real conditions, without the effort of adding the well drilling, ie 274 MMscfd.

Related to Mahakam oil and gas production plan in 2018, President Director of PT Pertamina Hulu Indonesia, a subsidiary of Pertamina managing the Mahakam block, Bambang Manumayoso did not respond when contacted.

The Mahakam Block cooperation contract operated by Pertamina replaces Total E & P Indonesie on Monday, January 1, 2018. Pertamina has signed a new cooperation contract for the management of the Mahakam block in 2015. The Government has set a time of 2 years to transition the operation of the Mahakam Block previously operated by Total France cooperated with Inpex Japan for 50 years.

KEEP PRODUCTION

Upstream Director of Pertamina Syamsu Alam said that it has made efforts to maintain production of the Mahakam Block which contributes about 30% of national gas production. Until the end of the transition period, the company can complete 14 well drilling.

Although it has passed the peak production period in the period 2003-2009, the ability of the Mahakam Block to emit oil and gas is still maintained. Total oil and gas reserves remaining by 2016 amounted to 57 million barrels of oil and gas 4.9 trillion cubic feet.

However, from Working Meeting material with Commission VII in January 2016 using data from January 1, 2015, the proven reserve status for oil is 91, 37 million barrels of oil and gas 2.4 trillion cubic feet. Syamsu said, the company is optimistic to achieve oil and gas production target with a budget of US $ 1.7 billion and adjustment of 530 current contracts with third parties. Another thing that is also important is the transition of 98.23% of the workforce previously uniformed Total also runs smoothly.

IN INDONESIA

Target Produksi Turun

Target produksi gas bumi dari Blok Mahakam pada 2018 sebesar 916 juta kaki kubik per hari atau Turun hingga 32,65% dibandingkan dengan realisasi per November 2017.

Target produksi gas bumi Blok Mahakam itu mengacu pada rencana kerja dan anggaran yang diajukan oleh PT Pertamina sebagai operator baru blok migas lepas pantai di Kalimantan Timur tersebut. Berdasarkan data SKK Migas, rerata harian produksi gas Blok Mahakam per November 2017 mencapai 1.360 juta kaki kubik per hari/MMscfd dan kondensat 52.000 barel per hari (bph).

Target produksi kondensat di Blok Mahakam pada tahun ini hanya 42.000 bph, lebih rendah dari realisasi selama 2017. Target produksi minyak dan gas bumi pada tahun ini dicapai melalui pengeboran 69 sumur pengembangan, pengeboran ulang 132 sumur, 5.623 perbaikan sumur serta pengajuan rencana pengembangan lanjutan pada lima lapangan migas di Blok Mahakam. Sebelumnya, Pertamina menargetkan produksi gas sebesar 1.100 MMScfd dan kondensat 48.000 bph.

Dari sisi kegiatan, Pertamina sebelumnya berencana melakukan pengeboran 55 sumur pengembangan, 125 sumur kegiatan kerja ulang, dan perawatan 5.500 sumur.

Kepala Divisi Program dan Komunikasi SKK Migas Wisnu Prabawa Taher mengatakan bahwa pihaknya mempertimbangkan pembahasan teknis dari sisi kemampuan reservoir dan keekonomian.

“Saya tidak tahu yang 1.100 [MMscfd]. Detailnya memang hampir 1.000 [MMscfd]. Sudah melalui pembahasan teknis kita juga membahas reservoir dan keekonomian," ujarnya 

Dari data Pertamina, produksi gas Blok Mahakam diperkirakan naik menjadi 1.207 MMscfd dari kondisi seharusnya sekitar 782 MMscfd pada 2019. Produksi gas juga diproyeksikan naik pada 2020 menjadi 1.268 MMscfd dari kondisi seharusnya 551 MMscfd. Angka produksi di kisaran 1.200 MMScfd akan tetap bertahan hingga 2022 saat kondisi sesungguhnya, tanpa upaya penambahan pengeboran sumur, yakni 274 MMscfd.

Terkait dengan rencana produksi migas Mahakam pada 2018, Direktur Utama PT Pertamina Hulu Indonesia, anak usaha Pertamina yang mengelola Blok Mahakam, Bambang Manumayoso tidak memberikan respons ketika dihubungi. 

Kontrak kerja sama Blok Mahakam yang dioperatori Pertamina, menggantikan Total E&P Indonesie mulai berlaku Senin, 1 Januari 2018. Pertamina telah menandatangani kontrak kerja sama baru untuk pengelolaan Blok Mahakam pada 2015. Pemerintah menetapkan waktu 2 tahun untuk melakukan transisi operasi Blok Mahakam yang sebelumnya dioperasikan oleh Total Perancis bekerja sama dengan Inpex Jepang selama 50 tahun.

MENJAGA PRODUKSI

Direktur Hulu Pertamina Syamsu Alam mengatakan bahwa pihaknya telah melakukan upaya untuk bisa mempertahankan produksi Blok Mahakam yang berkontribusi sekitar 30% dari produksi gas nasional. Hingga akhir masa transisi, perseroan bisa menyelesaikan 14 pengeboran sumur.

Meskipun telah melewati masa produksi puncak pada periode 2003-2009, kemampuan Blok Mahakam menyemburkan migas masih terjaga. Total cadangan migas yang tersisa per 2016 sebesar 57 juta barel minyak dan gas 4,9 triliun kaki kubik. 

Namun, dari materi Rapat Kerja dengan Komisi VII pada Januari 2016 yang menggunakan data 1 Januari 2015, status cadangan terbukti untuk minyak sebesar 91 ,37 juta barel minyak dan gas 2,4 triliun kaki kubik. Syamsu menuturkan, perseroan optimistis dapat mencapai target produksi migas dengan anggaran US$1,7 miliar dan penyesuaian 530 kontrak saat ini dengan pihak ketiga. Hal lain yang juga penting peralihan 98,23% tenaga kerja yang sebelumnya berseragam Total juga berjalan mulus.

Bisnis Indonesia, Page-22, Tuesday, Jan 2, 2018

Contribute 30 Percent of Oil and Gas Production

PT Pertamina through PT Pertamina Hulu Mahakam officially took over the right to manage the Working Area (WK) of Mahakam from Total E & P Indonesie (TEPI). This makes Pertamina a contributor of more than 30 percent of national oil and gas production in 2018.

Upstream Director of Pertamina Syamsu Alam said Pertamina is committed to maintaining the production of the Mahakam Working Area which passes the peak of reservoir production in the 2003-2009 period and controls operating costs.

"To date we have completed drilling 14 wells and will complete the 15th well in the next few days," he said.

IN INDONESIA

Sumbang 30 Persen Produksi Migas

PT Pertamina melalui PT Pertamina Hulu Mahakam resmi mengambil alih hak kelola Wilayah Kerja (WK) Mahakam dari Total E&P Indonesie (TEPI). Hal tersebut menjadikan Pertamina sebagai kontributor lebih dari 30 persen produksi minyak dan gas nasional pada 2018.

Direktur Hulu Pertamina Syamsu Alam mengatakan, Pertamina berkomitmen untuk tetap menjaga produksi Wilayah Kerja Mahakam yang melewati masa puncak produksi reservoir pada periode 2003-2009 dan mengontrol biaya operasi. 

"Sampai hari ini kami telah menyelesaikan pengeboran 14 sumur dan akan menyelesaikan sumur ke-15 dalam beberapa hari ke depan,” ujarnya.

Jawa Pos, Page-5, Tuesday, Jan 2, 2018

Total & Inpex Still Discusses Price 39% Mahakam Block

Inpex Corporation and Total EP hope to still be able to partner with PT Pertamina in managing the Mahakam Block in Kalimantan. Understandably, from January 1, 2018, the management of the Mahakam block shifted from Total EP to PT Pertamina Hulu Mahakam, a subsidiary of PT Pertamina Hulu Indonesia.

the Mahakam Block

Senior Specialist of Media Relations Moch N. Kurniawan said that Inpex is cooperating with Total EP Indonesie to process businees to business (B to B) with Pertamina related to the share purchase plan in Mahakam block.

"Currently, Inpex continues to discuss with the Government of Indonesia and Pertamina, in cooperation with Total EP, participate in the new Mahakam Block's PSC (profit-sharing contract) after 2017," explained Kurniawan

But Iwan has not been willing to disclose the details of the purchase of shares in the Mahakam Block further. Previously the government has approved Total EP and Inpex can get 39% stake in Mahakam block.

"The details we cannot explain because the talks with the Government of Indonesia and Pertamina are still ongoing," explained lwan.

However, if you want to buy shares in the Mahakam block, Inpex and Total EP must prepare a jumbo fund. Based on data from the Special Unit for Upstream Oil and Gas Business Activities (SKK Migas), the estimated value of Mahakam assets as of December 31, 2017 (capital assets, inventory and inventory materials) amounted to US $ 9.43 billion.

     If in the form of rupiah using the exchange rate of Rp 13,000 per US dollar around Rp 122.59 trillion. This figure is significantly increased from the initial calculation of oil and gas SKK at the beginning of the year which only estimates the asset valuation of the Mahakam Block by the end of 2017 for only US $ 3.45 billion. 

     The increase is due to rising world oil prices and the existence of physical checks that are internal SKK Migas. Not to mention the production potential of Mahakam Block is still brilliant.

     SKK Migas noted that the Mahakam Block produces oil and condensate of 52,000 barrels of oil per day and 1.360 million cubic feet of natural gas per day. Proven reserves as of January 1, 2016 are 4.9 trillion cubic feet (TCF) of gas, 57 million barrels of oil and 45 million barrels of condensate.

      If the current asset value of the Mahakam Block is US $ 9.43 billion, Total EP and Inpex must pay US $ 3.67 billion or equivalent to Rp 49 trillion. Unfortunately, Iwan and President & General Manager of Total E & P Indonesie (TEPI), Arividya Noviyanto did not answer the confirmation of the ability to pay Rp 49 trillion.

      Syamsu Alam Director Hulu Pertamina said that besides Total EP and Inpex, there are some companies that have expressed interest to enter Mahakam.

"The process is preferred B to B and certainly not just the percentage," he said.

IN INDONESIA

Total & Inpex Masih Membahas Harga 39% Blok Mahakam

Inpex Corporation dan Total EP berharap masih bisa bermitra dengan PT Pertamina dalam pengelolaan Blok Mahakam di Kalimantan. Maklum, mulai 1 Januari 2018 pengelolaan Blok Mahakam beralih dari Total EP ke PT Pertamina Hulu Mahakam, anak usaha PT Pertamina Hulu Indonesia.

Senior Specialist Media Relations Moch N. Kurniawan menyebutkan, lnpex menggandeng Total EP Indonesie untuk melakukan proses businees to business (B to B) dengan Pertamina terkait rencana pembelian saham di Blok Mahakam. 

"Saat ini Inpex terus berdiskusi dengan Pemerintah Indonesia dan Pertamina, bekerja sama dengan Total EP, berpartisipasi dalam PSC (kontrak bagi hasil) baru Blok Mahakam setelah tahun 2017," jelas lwan, panggilan Kurniawan

Namun Iwan belum bersedia buka-bukaan terkait detail pembelian saham di Blok Mahakam lebih lanjut. Sebelumnya pemerintah sudah merestui Total EP dan Inpex bisa mendapat 39% saham Blok Mahakam. 

"Detailnya belum bisa kami jabarkan karena pembicaraan dengan Pemerintah Indonesia dan Pertamina masih berlangsung," terang lwan.

Meski demikian, jika ingin membeli saham di Blok Mahakam, Inpex dan Total EP harus menyiapkan dana jumbo. Sebab, berdasarkan data Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), estimasi nilai aset Mahakam per 31 Desember 2017 (harta benda modal, inventaris, dan material persediaan) sebesar US$ 9,43 miliar. 

Jika dalam bentuk rupiah menggunakan kurs Rp 13.000 per dollar AS sekitar Rp 122,59 triliun. Angka tersebut naik signifikan dari perhitungan awal SKK Migas di awal tahun yang hanya mengestimasi valuasi aset Blok Mahakam per akhir 2017 hanya US$ 3,45 miliar. 

      Kenaikan itu karena harga minyak dunia terus naik dan adanya cek fisik yang dilakukan internal SKK Migas. Belum lagi potensi produksi Blok Mahakam masih cemerlang.

SKK Migas mencatat, Blok Mahakam memproduksi minyak dan kondensat sebesar 52.000 barel minyak per hari dan 1.360 juta kaki kubik gas bumi per hari. Cadangan terbukti per 1 Januari 2016 sebesar 4,9 trillion cubic feet (TCF) gas, 57 juta barel minyak dan 45 juta barel kondensat.

Jika nilai aset Blok Mahakam saat ini sebesar US$ 9,43 miliar, Total EP dan Inpex harus membayar US$ 3,67 miliar atau setara Rp 49 triliun. Sayangnya, Iwan maupun President & General Manager Total E&P Indonesie (TEPI), Arividya Noviyanto tidak menjawab konfirmasi kesanggupan membayar Rp 49 triliun.

Syamsu Alam Direktur Hulu Pertamina pernah bilang selain Total EP dan Inpex, ada beberapa perusahaan yang sudah menyampaikan minat masuk ke Mahakam. 

"Prosesnya diutamakan B to B dan tentu bukan hanya besaran persentase," kata dia.

Kontan, Page-14, Tuesday, Jan 2, 2018

Pertamina Prepares Wells in Musi Banyuasin Area

PT Pertamina EP started the year 2018 by increasing production achievement. The trick, do the tap (early activity make well hole) MJ-AA5 in Village Mangunjaya, District Babat Toman, Regency of Musi Banyuasin, South Sumatra (Sumsel).

Pertamina EP President Director Nanang Abdul Manaf said, MJ-AA5 is a well drilling exploitation with a depth of 500 meters. Drilling activities are projected to take approximately 16 days and drilling targets this time in the form of oil.

The well is the first well drilled after the closure of illegally seized wells or illegal drilling in the area of Mangunjaya Village.

"This confirms that Pertamina EP is determined to produce oil and gas legally and to comply with the prevailing government regulations and best practice rules of oil and gas," Nanang said.

The MJ-AA5 well drilling is conducted by PT Pertamina Drilling Services Indonesia, a subsidiary of PT Pertamina using Pertamina Drilling Services N55 rig. The location of the Well MJ-AA5 is adjacent to the MJ 67 Well that was taken over by illegal miners and is now closed. 

     Nanang explained, the achievement of oil and gas production targets directly impact the state revenue. Thus, Pertamina EP is optimistic to face the year 2018 with the spirit of honest, sincere, and trust.

"We continue to work on improving production by taking into account environmental and social aspects," Nanang said.

IN INDONESIA

Pertamina Siapkan Sumur di Areal Musi Banyuasin

PT Pertamina EP mengawali tahun 2018 dengan meningkatkan pencapaian produksi. Caranya, melakukan tajak (kegiatan awal membuat lubang Sumur) MJ-AA5 di Desa Mangunjaya, Kecamatan Babat Toman, Kabupaten Musi Banyuasin, Sumatra Selatan (Sumsel).

Presiden Direktur Pertamina EP Nanang Abdul Manaf mengatakan, MJ-AA5 merupakan Sumur pengeboran eksploitasi dengan kedalaman 500 meter. Kegiatan pemboran diproyeksikan membutuhkan waktu kurang lebih 16 hari dan target pengeboran kali ini berupa minyak.

Sumur  tersebut adalah Sumur pertama yang dibor pasca penutupan Sumur-sumur yang diambil alih secara ilegal atau illegal drilling di area Desa Mangunjaya tersebut. 

“Ini menegaskan, Pertamina EP mempunyai tekad memproduksi migas secara legal dan mematuhi peraturan pemerintah yang berlaku serta kaidah best practice oil and gas,” ujar Nanang.

Pengeboran Sumur MJ -AA5 dilakukan oleh PT Pertamina Drilling Services Indonesia anak usaha PT Pertamina dengan memakai rig Pertamina Drilling Services N55. Lokasi Sumur MJ-AA5 berdekatan dengan Sumur MJ 67 yang diambil alih oleh penambang ilegal dan kini sudah ditutup. 

     Nanang menjelaskan, pencapaian target produksi migas berdampak langsung terhadap pendapatan negara. Maka, Pertamina EP optimistis menghadapi tahun 2018 dengan semangat jujur, tulus, dan amanah. 

“Kami terus berupaya dalam peningkatan produksi dengan memperhatikan aspek lingkungan dan sosial," kata Nanang.

Kontan, Page-14, Tuesday, Jan 2, 2018