Petronas strives to exceed production targets

Petronas (Petroliam Nasional Berhad) is seeking to exceed the 15,000 barrels per day (bpd) target set by the government through SKK Migas at Ketapang Field Working Area (WK) in 2018. Through the development of a field approved by SKK Migas, Petronas hopes can maintain production levels in the range of 16,000 bpd.

"For development in Bukit Tua Field, the main objective is to keep production at a range of 16,000 bpd. The target is above the government's target of 15,000 bpd, "said Senior Manager of Corporate Affairs & Administration PC Muriah, Andiono Setiawan.

WorkingArea Petronas

Andiono explained that Petronas optimism maintains production from Bukit Tua WK Ketapang field based on performance since May 2015 when it first succeeded in delivering petroleum in accordance with the current target date.

"Since the beginning of production in 2015, the production is fairly good which is about 18 thousand barrels per day. Above the target set by the government at that time is 16 thousand barrels per day. Because there is a natural decline, now the government's target of 15,000 bpd, Petronas hopes to reach about 16,000 bpd, "he said.

Andiono confirmed that the development of the field to maintain the natural oil production is also likely to increase gas production from Bukit Tua field. Described, the current gas production ranges from 30 mmscfd which flowed to the Java Java (PJB) through the East Java Petrogas (PJU). With the development of the field is expected to increase gas production by about 15 mmscfd.

"Petronas is committed to supporting electricity supply by PJB. The reliability of electricity is very important for economic growth in East Java Region can be maintained even improved, "he explained.

The spirit of Petronas to exploit in the field of Bukit Tua located on the North Coast of Madura Island proves the commitment of Petronas oil and gas company from Malaysia to invest in upstream oil and gas sector in Indonesia WK Ketapang is officially signed as a Production Sharing Contract (PSC) with the Government of Indonesia , in June 1998. Since working on WK Ketapang, after taking over ConocoPhillips shares, on December 1, 2000 to July 25, 2008, Petronas operations showed very positive performance.

By cooperating with Trunojoyo University as a Cooperation Contract Contractor (KKKS), Petronas not only invests in upstream oil and gas, but also conducts community social investment activities through Social Responsibility programs that have been initiated since 2013.

"Petronas cooperates with local educational institutions such as Trunojoyo Madura University (UTM) in conducting social studies which become the place of operation of Petronas in Gresik and Sampang," said the alumnus of ITS Surabaya.

Armed with the results of studies accompanied by coordination and communication with relevant Local Governments, Petronas continues to implement sustainable programs covering 3 areas of education, community empowerment and environment and public health.

IN INDONESIA

Petronas Berupaya Lampaui Target Produksi

Petronas (Petroliam Nasional Berhad) berupaya bisa melampaui target produksi 15.000 barel per hari (bph) yang ditetapkan pemerintah melalui SKK Migas di Lapangan Bukit Tua Wilayah Kerja (WK) Ketapang pada tahun 2018. Melalui pengembangan lapangan yang telah mendapat persetujuan SKK Migas, Petronas berharap bisa memelihara tingkat produksi pada kisaran 16.000 bph.

“Untuk pengembangan di Lapangan Bukit Tua, tujuannya utamanya adalah menjaga produksi pada kisaran 16.000 bph. Target itu di atas target pemerintah yakni 15.000 bph," kata Senior Manager Corporate Affairs &Administration PC Muriah, Andiono Setiawan.

Andiono menjelaskan, optimisme Petronas mempertahankan produksi dari lapangan Bukit Tua WK Ketapang didasarkan kinerja sejak Mei 2015 saat pertama kali berhasil mengalirkan minyak bumi sesuai dengan target waktu saat itu.

“Sejak awal produksi di tahun 2015, produksi yang dihasilkan terbilang bagus yakni sekitar 18 ribu barel per hari. Di atas target yang ditetapkan pemerintah saat itu yaitu 16 ribu barel per hari. Karena ada penurunan alamiah, kini target pemerintah 15.000 bph, Petronas berharap bisa mencapai sekitar 16.000 bph,” katanya.

Andiono membenarkan, pengembangan lapangan untuk mempertahankan produksi minyak yang secara alamiah mengalami penurunan juga berpeluang menambah produksi gas dari Lapangan Bukit Tua. Dijelaskan, saat ini produksi gas berkisar 30 mmscfd yang dialirkan ke Pembangkitan Jawa Bali (PJB) melalui Petrogas Jatim Utama (PJU). Dengan pengembangan lapangan tersebut diharapkan ada kenaikan produksi gas sekitar 15 mmscfd.

“Petronas berkomitmen mendukung penyediaan listrik oleh PJB. Keandalan listrik sangat penting agar pertumbuhan ekonomi di Wilayah Jawa Timur bisa dijaga bahkan ditingkatkan,” jelasnya.

Semangat Petronas melakukan eksploitasi di lapangan Bukit Tua yang berada di Pantai Utara Pulau Madura menjadi bukti komitmen Petronas perusahaan migas berasal dari Malaysia tersebut berinvestasi di sektor hulu migas di Indonesia WK Ketapang resmi ditandatangani sebagai kontrak kerjasama/PSC (Production Sharing Contract) dengan Pemerintah Republik Indonesia, pada Juni 1998. Sejak mengerjakan WK Ketapang, setelah mengambilalih saham ConocoPhillips, pada 1 Desember 2000 hingga 25 Juli 2008, kegiatan operasi Petronas menunjukkan kinerja yang sangat positif.

Dengan menggandeng Universitas Trunojoyo Sebagai Kontraktor Kontrak Kerja Sama (KKKS), Petronas tidak hanya berinvestasi di bidang hulu minyak dan gas bumi, tetapi juga melaksanakan kegiatan investasi sosial masyarakat melalui program-program Tanggung Jawab Sosial yang sudah dirintis sejak tahun 2013.

“Petronas menggandeng institusi pendidikan lokal yakni Universitas Trunojoyo Madura (UTM) dalam melakukan studi sosial yang menjadi tempat beroperasinya Petronas yakni di Gresik dan Sampang,” jelas alumnus ITS Surabaya ini.

Berbekal hasil studi yang dibarengi dengan koordinasi dan komunikasi dengan Pemerintah Daerah terkait, Petronas terus melaksanakan program yang berkelanjutan yang melingkupi 3 bidang yakni bidang pendidikan, bidang pemberdayaan masyarakat dan bidang lingkungan dan kesehatan masyarakat. 

Memorandum,  Page-4, Monday, May 28, 2018

Apply Clustering strategy

PT Pertamina Hulu Energi (PHE), a subsidiary of PT Pertamina in the upstream sector, recorded gas production of 777 million cubic feet per day (mmscfd) during January-March 2018. The performance rose 2 percent compared to the same period of 2017 of only 765 mmscfd. Later, oil production in the first three months of 2018 was 63,037 barrels per day (bopd), not much different when compared to the same period of 2017 of 62,623 bopd.

Director of PHE R. Gunung Sardjono Hadi said PHE actually set a gas production target until March of 767.8 mmscfd. For oil, PHE is targeting production to March 2018 of 65,243 bopd.

"Production in March 2018 was 96.6 percent of the target," Mount said.

According to him, it will accelerate the monetization of PHE reserves by implementing a backup source clustering strategy. The strategy can be used in working areas that have less gas reserves, but can be monetized soon. PHE no longer thinks just waiting for gas buyers. But also innovate to create market. Because, although PHE has large reserves will be useless if there is no gas absorber.

IN INDONESIA

Terapkan trategi Klasterisasi

PT Pertamina Hulu Energi (PHE), anak usaha PT Pertamina di sektor hulu, mencatat produksi gas 777 juta kaki kubik per hari (mmscfd) sepanjang Januari-Maret 2018. Kinerja tersebut naik 2 persen jika dibandingkan dengan periode yang sama 2017 yang hanya sebesar 765 mmscfd. Kemudian, produksi minyak pada tiga bulan pertama 2018 ini tercatat 63.037 barel per hari (bopd), tidak jauh beda bila dibanding periode yang sama 2017 sebesar 62.623 bopd.

Direktur Utama PHE R. Gunung Sardjono Hadi mengatakan, PHE sebenarnya mematok target produksi gas sampai Maret 767,8 mmscfd. Untuk minyak, PHE menargetkan produksi sampai Maret 2018 sebesar 65.243 bopd. 

"Produksi Maret 2018 tercatat 96,6 persen dari target," kata Gunung.

Menurut dia, pihaknya akan mempercepat monetisasi cadangan PHE dengan menerapkan strategi klasterisasi sumber cadangan. Strategi tersebut bisa digunakan di wilayah kerja yang memiliki cadangan gas tidak terlalu besar, tapi bisa segera dimonetisasi. PHE tidak lagi berpikir hanya menunggu pembeli gas. Tapi juga berinovasi menciptakan pasar. Sebab, meski PHE memiliki cadangan besar akan percuma jika tidak ada penyerap gas. 

Jawa Pos,  Page-5, Monday, May 28, 2018

Pertamina EP Still Supported by Natural Gas

The average oil and gas production of PT Pertamina Exploration and Production (Pertamina EP) per May 15, 2018 reached 256,619 barrels of oil equivalent per day / boepd slightly above the target of 253,2020 boepd this year. Pertamina EP President Director Nanang Abdul Manaf said the company's overall oil and gas output exceeded the target. However, the subsidiary of PT Pertamina (Persero) is recorded oil production is still below target. The realization of oil and gas production that exceeds the target is more supported by natural gas.

"We still have not reached the target for oil production, the total production booster could exceed the target because the gas production achievement is more than 4% of the target," he said.

The company is still trying to drill several new wells this year to increase production levels or stay awake. Pertamina EP oil production until May 15, 2018 was recorded at 76,309 barrels per day (bpd). That number is still below the 2018 target of 79,275 bph. Pertamina EP's gas production per May 15, 2018 is 1,027 million standard cubic feet per share (MMscfd) above this year's target of 986.82 MMscfd.

Pertamina EP continues to maintain oil and gas production by continuing to drill several new wells. Nanang explained, the company has quite aggressive plans for the drilling of new wells. In West Java, for example, Pertamina EP will drill Bambu Besar, Akasia Bagus, and Jati Asri wells.

"We will also drill Tapen wells in Cepu Block. From there the majority of the contents are oil, but still there is little gas as well, "he explained.

Nanang said, it did a test to drill one of the wells in West Java, namely Akasia Maju. The new well is expected to be an exploration finding that can be developed and has large reserves.

"Then we are also drilling two exploitation wells in Aceh with a depth of 3,400 meters."

Pertamina EP's exploration results have not been able to find significant reserves. Nanang revealed that three wells drilled by the company tend to produce only small and non-commercial gas volumes such as in Kalimantan, Prabumulih, and Pondok Mas, West Java.

Until May 2018, Pertamina EP has issued a capital expenditure worth US $ 122 million. In detail, the funds are used for drilling worth US $ 83 million and the construction, renewal, and down engine drilling facility worth US $ 39 million. Pertamina's total capital expenditures in 2018 amount to US $ 330 million. For operational expenditure, Pertamina EP has poured US $ 359 million until May 2018 from total budgeted funds worth US $ 51.64 billion.

Pertamina EP's oil and gas production target this year is 253,202 boepd slightly above last year's realization of 253,000 boepd. The production target for this year consists of 83,000 bpd of crude oil and 986.11 MMscfd of natural gas. Nanang added that Pertamina EP is targeting revenue of US $ 2.73 billion this year. Net income is targeted at US $ 547 million.

IN INDONESIA

Pertamina EP Masih Ditopang Gas Bumi

Rerata produksi minyak dan gas bumi PT Pertamina Eksplorasi dan Produksi (Pertamina EP) per 15 Mei 2018 mencapai 256.619 barel setara minyak per hari (barrel of oil equivalent per day/boepd) sedikit di atas target hingga akhir tahun ini 253.2020 boepd. Presiden Direktur Pertamina EP Nanang Abdul Manaf mengatakan, produksi migas perseroan secara keseluruhan melampaui target. Namun, anak usaha PT Pertamina (Persero) ini mencatat produksi minyak yang masih di bawah target. Realisasi produksi migas yang melampaui target itu Iebih banyak didukung oleh gas bumi.

“Kami memang masih belum mencapai target untuk produksi minyak, pendorong produksi total bisa melebihi target karena pencapaian produksi gas Iebih 4% dari target,” ujarnya.

Perseroan masih berupaya untuk mengebor beberapa sumur baru pada tahun ini agar tingkat produksi naik atau tetap terjaga. Produksi minyak Pertamina EP sampai 15 Mei 2018 tercatat sebesar 76.309 barel per hari (bph). Angka itu masih di bawah target 2018 sebesar 79.275 bph. Produksi gas Pertamina EP per 15 Mei 2018 sebanyak 1.027 juta standar kaki kubik per had (MMscfd) di atas target tahun ini 986,82 MMscfd.

Pertamina EP terus berupaya menjaga produksi migas dengan terus melakukan pengeboran beberapa sumur baru. Nanang memaparkan, perseroan memiliki rencana cukup agresif untuk pengeboran sumur baru. Di Jawa Barat misalnya, Pertamina EP akan mengebor sumur Bambu Besar, Akasia Bagus, dan Jati Asri. 

“Kami juga akan kembali mengebor sumur Tapen di Blok Cepu. Dari sana mayoritas isinya adalah minyak, tetapi tetap ada sedikit gas juga,” paparnya.

Nanang menuturkan, pihaknya melakukan tes untuk melakukan pengeboran salah satu sumur di Jawa Barat, yakni Akasia Maju. Sumur baru itu diharapkan agar menjadi temuan eksplorasi yang bisa dikembangkan dan memiliki cadangan besar. 

“Lalu kami juga sedang mengebor dua sumur eksploitasi di Aceh yang punya kedalaman 3.400 meter.”

Hasil eksplorasi yang telah dilakukan Pertamina EP belum berhasil menemukan cadangan yang signifikan. Nanang mengungkapkan, tiga sumur yang dibor oleh perseroan cenderung hanya menghasilkan volume gas yang kecil dan non-komersial seperti di Kalimantan, Prabumulih, dan Pondok Mas, Jawa Barat.

Sampai Mei 2018, Pertamina EP sudah mengeluarkan belanja modal senilai US$ 122 juta. Secara rinci, dana itu digunakan untuk pengeboran senilai US$ 83 juta dan pembangunan, pembaruan, dan turun mesin fasilitas pengeboran senilai US$ 39 juta. Total belanja modal Pertamina pada 2018 sebesar US$ 330 juta. Untuk belanja operasional, Pertamina EP telah menggelontorkan US$ 359 juta hingga Mei 2018 dari total dana yang dianggarkan senilai US$ 51.64 miliar.

Target produksi migas Pertamina EP pada tahun ini 253.202 boepd sedikit berada di atas realisasi tahun lalu 253.000 boepd. Target produksi pada tahun ini terdiri dari minyak mentah 83.000 bph dan gas bumi 986,11 MMscfd. Nanang menambahkan, Pertamina EP menargetkan pendapatan pada tahun ini sebesar US$2,73 miliar. Laba bersih ditargetkan sebesar US$ 547 juta.

Bisnis Indonesia, Page-30, Monday, May 28, 2018

First Quarter PHE Gas Production Up Two Percent

PT Pertamina Hulu Energi, a subsidiary of PT Pertamina (Persero) in the upstream sector, has recorded 777 million cubic feet of gas per day (MMSCFD) during January-March 2018. Up 2% over the same period of 2017 of 765 MMSCFD.

"In 2018, PHE set a production target for March of 767.8 MMSCFD, realization of 1.2% higher," said Director of PHE, R. Gunung Sardjono Hadi.

Mount added for oil production PHE in the first three months of 2018 recorded 63.037 barrels oil per day (BOPD), not much different from the same period of 2017 of 62,623 BOPD.

"PHE in 2018 targeted oil production in March at 65,243 BOPD, so production in March 2018 was 96.6% of the target," he explained.

PHE will accelerate the monetization of PHE reserves by implementing a backup source clustering strategy. This strategy can be used in working areas that have less gas reserves, but can be monetized soon.

With PHE clustering no longer thinking just waiting for gas buyers, but innovating how to create a market even though having large reserves would be useless if there were no gas absorber.

"So it does not depend on the market, but it creates the market. That is what we are now pursuing as to the concept of clarified gas monetization gas. So we also have to think how to get into the midstream, "explained Mount.

He cited the development of gas in Senoro, Senoro gas will never be monetized if the facility is not built and regasification Donggi-Senoro Liquid Natural Gas (DSLNG) in cooperation with several companies. To that end PHE will also be more open in cooperation with other companies.

"Like Senoro if there is no DSLNG it will not be developed, that's one example for other development. We are trying to find and create new markets, so we do not sit sweetly waiting to come buyers, "he said.

Meanwhile, according to Director of Operations and Production of PHE, Ekariza, PHE gas production realization is highly dependent on market absorption. If the absorption of large markets, then PHE can increase gas production.

"Gas production in the first quarter is higher because there is an increase in absorption, the largest production contribution comes from Tomori," Ekariza said.

In addition to Tomori, the contribution of PHE gas production comes from Offshore North West Java (ONWJ) block, Jambi Merang and West Madura Offshore (WMO).

IN INDONESIA

Produksi Gas PHE Kuartal I Naik Dua Persen

PT Pertamina Hulu Energi, anak usaha PT Pertamina (Persero) di sektor hulu telah mencatat produksi gas 777 juta kaki kubik per hari (MMSCFD) sepanjang Januari-Maret 2018. Naik 2% dibanding periode yang sama 2017 sebesar 765 MMSCFD.

“Pada 2018, PHE menetapkan target produksi bulan Maret sebesar 767,8 MMSCFD, realisasinya 1,2% Iebih tinggi,” kata Direktur Utama PHE, R. Gunung

Sardjono Hadi.

Gunung menambahkan untuk produksi minyak PHE pada tiga bulan pertama 2018 tercatat 63,037 barrel oil per day (BOPD), tidak jauh berbeda dibanding periode yang sama 2017 sebesar 62,623 BOPD. 

“PHE pada 2018 menargetkan produksi minyak bulan Maret sebesar 65,243 BOPD, sehingga produksi Maret 2018 tercatat 96,6% dari target,” terangnya.

Untuk itu PHE akan mempercepat monetisasi cadangan PHE dengan menerapkan strategi klasterisasi sumber cadangan. Strategi ini bisa digunakan di wilayah kerja yang memiliki cadangan gas tidak terlalu besar, namun bisa segera dimonetisasi.

Dengan klasterisasi PHE tidak lagi berpikir hanya menunggu pembeli gas, namun berinovasi bagaimana menciptakan pasar meskipun memiliki cadangan besar akan percuma jika tidak ada penyerap gas. 

“Jadi tidak tergantung pasar, tapi menciptakan pasar. Itu yang sekarang kami kejar adapun konsep monetisasi gas dibikin klaster. Jadi kami juga harus berpikir bagaimana bisa masuk ke midstream,” jelas Gunung.

Ia mencontohkan pengembangan gas di Senoro, gas Senoro tidak akan pernah dimonetisasi andai kata tidak terbangun fasilitas kilang serta regasifikasi Donggi-Senoro Liquid Natural Gas (DSLNG) yang bekerja sama dengan beberapa perusahaan. Untuk itu PHE juga akan Iebih membuka diri dalam menjalin kerja sama dengan perusahaan lain.

“Seperti Senoro kalau tidak ada DSLNG itu tidak akan dikembangkan, itu salah satu contoh untuk pengembangan Iain. Kami mencoba mencari dan menciptakan pasar baru, jadi kami tidak duduk manis menunggu datang pembeli,” ujarnya.

Sementara itu, menurut Direktur Operasi dan Produksi PHE, Ekariza, realisasi produksi gas PHE sangat tergantung dari penyerapan di pasar. Jika penyerapan pasar besar, maka PHE bisa meningkatkan produksi gasnya.

”Produksi gas kuartal I Iebih tinggi karena ada peningkatan penyerapan, kontribusi produksi terbesar berasal dari Tomori,” kata Ekariza.

Selain Tomori, kontribusi produksi gas PHE berasal dari blok Offshore North West Java (ONWJ), Jambi Merang dan West Madura Offshore (WMO)

Bhirawa, Page-5, Monday, May 28, 2018

Petronas Booster Bukit Ketapang Oil Production

Petroliam Nasional Berhad (Petronas) will increase oil production in Ketapang Working Field (Old Hill Field Working Area) this year to exceed the production target of 15,000 barrels per day.

Agus Purnomo in SKK Migas

"The target is set by the Indonesian government through SKK Migas," said Senior Manager of Corporate Affairs & Administration PC Muriah, Andiono Setiawan, in Surabaya.

Working Area Petronas Bukit Tua Field

Andiono is optimistic, with the development of Petronas production which is one of the Malaysian companies that can maintain production from the Bukit Tua WK Ketapang field. It was based on performance since May 2015 when it first flowed petroleum in accordance with the target.

"Since the beginning of production in 2015, the production is very good, about 18,000 barrels per day or above the target set by the Government at that time as much as 16,000 barrels per day. Since there is a natural decline, the government is now targeting 15,000 bpd. Nevertheless, I wish I could reach about 16,000 bpd, "he said.

He said that the development is likely to increase gas production from Bukit Tua Field because currently, gas production is around 30 mmscfd which is channeled into Java Java (PJB) through Petrogas Jatim Utama (PJU). With this development, it is expected to increase gas production by about 15 mmscfd or become 45 mmscfd.

"Our party continues to commit to supporting the supply of electricity by PJB. The reliability of electricity is very important so that economic growth in East Java Region can be maintained even improved, "he said.

Blogger Agus Purnomo in SKK Migas

Since working on WK Ketapang, Petronas operations have shown very positive performance, even seven structures or wells have been drilled in that location. The result has then flowed through a 110 km seabed pipeline from an offshore receiving platform (ORF) located in Maspion Industrial Area (KIM), Manyar District, Gresik-East Java with a total storage capacity 70 million standard cubic feet per day (mmscfd).

IN INDONESIA

Petronas Tingkatkan Produksi Minyak Bukit Ketapang  

Petroliam Nasional Berhad (Petronas) akan meningkatkan produksi minyak di Lapangan Bukit Tua Wilayah Kerja (WK) Ketapang pada tahun ini untuk bisa melampui target produksi 15.000 barel per hari.

“Target tersebut ditetapkan pemerintah Indonesia melalui SKK Migas,” kata Senior Manager Corporate Affairs & Administration PC Muriah, Andiono Setiawan, di Surabaya.

Andiono merasa optimitis, dengan pengembangan produksi Petronas yang merupakan salah satu perusahaan berasal dari Malaysia itu bisa mempertahankan produksi dari lapangan Bukit Tua WK Ketapang. Hal itu didasarkan kinerja sejak Mei 2015 saat pertama kali mengalirkan minyak bumi sesuai dengan target.

“Sejak awal produksi di tahun 2015, produksi yang dihasilkan sangat bagus, sekitar 18.000 barel per hari atau di atas target yang ditetapkan oleh Pemerintah saat itu sebanyak 16.000 barel per hari. Karena ada penurunan alamiah, kini target pemerintah 15.000 bph. Kendati demikian, saya berharap bisa

mencapai sekitar 16.000 bph,” katanya. 

Ia mengatakan bahwa pengembangan berpeluang menambah produksi gas dari Lapangan Bukit Tua sebab saat ini produksi gas berkisar 30 mmscfd yang dialirkan ke Pembangkitan Jawa Bali (PJB) melalui Petrogas Jatim Utama (PJU). Dengan pengembangan ini, diharapkan ada kenaikan produksi gas sekitar 15 mmscfd atau menjadi 45 mmscfd.

“Pihak kami terus berkomitmen mendukung penyediaan listrik oleh PJB. Keandalan listrik sangat penting agar pertumbuhan ekonomi di Wilayah Jawa Timur bisa dijaga bahkan ditingkatkan,” katanya. 

Sejak mengerjakan WK Ketapang, kegiatan operasi Petronas menunjukkan kinerja yang sangat positif, bahkan ada tujuh struktur atau sumur yang telah dibor di lokasi itu. Hasilnya, kemudian dialirkan melalui pipa dasar laut sepanjang 110 km dari anjungan lepas pantai (platform) ke fasilitas penerimaan darat atau onshore receiving facilities (ORF) yang berada di Kawasan Industri Maspion (KIM), Kecamatan Manyar, Gresik-Jawa Timur dengan total kapasitas penampungan 70 million standard cubic feet per day (mmscfd).

Investor Daily, Page-9, Saturday, May 26, 2018

Pertamina Production Slightly Above Target

PT Pertamina EP, a subsidiary of PT Pertamina, listed oil and gas production as of May 15, 2018, reaching 256,619 barrels of oil equivalent per day (BOEPD). The production achievement exceeded the target in the Work Plan and Corporate Budget (RKAP) 2018 of 249,601 BOEPD or about 101.61%.

Nanang Abdul Manaf, President Director of PT Pertamina EP, said the realization of this production consists of 76,309 barrels of oil per day or 96.26% of the target of 79,275 bph. Meanwhile, gas production is 1,027.29 million standard cubic feet per day (MMSCFD).

"Gas production until mid-May 2018 reached 104.10% of the target 986.82 MMSCFD," said Nanang.

Pertamina EP Asset 5, Pertamina EP business unit based in Balikpapan, East Kalimantan contributed the largest production of oil, which is 18,369 bph. This production comes from five fields under the manager of Pertamina EP Asset 5, namely Sangatta Field, Bunyu Field, Tanjung Field, Sanga-sanga Field, and Tarakan Field. The second largest contributor is Pertamina EP Asset 2 in Prabumulih, South Sumatera, at 17,051 bph.

The oil supply comes from four fields in Pertamina EP Asset 2, namely Prabumulih Field, Pendopo Field, Limau Field, Adera Field. Meanwhile, gas production number one came from Pertamina EP Asset 2. Total gas produced by 442 MMSCFD, much higher than contribution from Pertamina EP Asset 3 based in Cirebon, West Java of 292 MMSCFD. Pertamina EP Asset 3 gas supply comes from three fields, namely Tambun Field, Subang Field, and Jatibarang Field.

To maintain and increase production, Pertamina EP completes drilling and work over programs and executes well operation plan program. In addition, it also performs a recovery plan (recovery plan) to achieve production targets. Nanang said, during January-March 2018, Pertamina EP recorded revenues of US $ 675 million.

"This revenue achievement is 115 percent of last year's revenue of US $ 586 million (year-on-year)," he said.

This revenue achievement is also supported by rising crude oil prices in global markets. In addition there is an efficiency policy, one of which reduces production costs. In total, the cost of oil production per March 2018 for onshore is around US $ 15.98 per barrel and gas at US $ 1.03 per MSCF. As of mid-May 2018, Pertamina EP has spent US $ 122 million in capital expenditures, primarily for drilling of US $ 83 million and US $ 39 million for surface facilities ie development, upgrading and maintenance.

IN INDONESIA

Produksi Pertamina Sedikit di Atas Target

PT Pertamina EP anak usaha PT Pertamina, mencatatkan produksi migas per 15 Mei 2018, mencapai 256.619 barrel oil equivalent per day (BOEPD). Capaian produksi tersebut melewati target dalam Rencana Kerja dan Anggaran Perusahaan (RKAP) 2018 sebesar 249.601 BOEPD atau sekitar 101,61%.

Nanang Abdul Manaf, Presiden Direktur PT Pertamina EP, mengatakan, realisasi produksi ini terdiri dari produksi minyak 76.309 barel per hari atau 96,26% dari target sebesar 79.275 bph. Sementara produksi gas 1.027,29 juta standar kaki kubik per hari (MMSCFD). 

"Produksi gas hingga pertengahan Mei 2018 mencapai 104,10% dari target 986,82 MMSCFD," ujar Nanang.

Pertamina EP Asset 5, unit bisnis Pertamina EP yang berbasis di Balikpapan, Kalimantan Timur memberi kontribusi terbesar produksi minyak, yaitu 18.369 bph. Produksi ini berasal dari lima field yang berada di bawah pengelola Pertamina EP Asset 5, yaitu Sangatta Field, Bunyu Field, Tanjung Field, Sanga-sanga Field, dan Tarakan Field. Kontributor terbesar kedua adalah Pertamina EP Asset 2 di Prabumulih, Sumatera Selatan, sebesar 17.051 bph.

Pasokan minyak itu berasal dari empat field di Pertamina EP Asset 2, yaitu Prabumulih Field, Pendopo Field, Limau Field, Adera Field. Sementara, produksi gas nomor satu berasal dari Pertamina EP Asset 2. Total gas yang dihasilkan sebesar 442 MMSCFD, jauh lebih tinggi dibandingkan kontribusi dari Pertamina EP Asset 3 yang berbasis di Cirebon, Jawa Barat sebesar 292 MMSCFD. Pasokan gas Pertamina EP Aset 3 berasal dari tiga field, yaitu Tambun Field, Subang Field, dan Jatibarang Field.

Untuk mempertahankan dan meningkatkan produksi, Pertamina EP menyelesaikan program pemboran dan work over serta melaksanakan program rencana kerja operasi sumur. Selain itu, juga melakukan rencana pemulihan (recovery plan) untuk mencapai target produksi. Nanang bilang, sepanjang Januari-Maret 2018, Pertamina EP membukukan pendapatan sebesar US$ 675 juta.

"Pencapaian pendapatan ini 115% dari realisasi pendapatan tahun sebelumnya US$ 586 juta (year-on-year)," ujarnya. 

Pencapaian pendapatan ini juga didukung oleh kenaikan harga minyak mentah di pasar global. Selain itu ada kebijakan efisiensi, salah satunya menekan biaya produksi. Secara total, biaya produksi minyak per Maret 2018 untuk onshore adalah sekitar US$ 15,98 per barel dan gas US$ 1,03 per MSCF. Hingga pertengahan Mei 2018, Pertamina EP telah merealisasikan belanja modal sebesar US$ 122 juta, terutama untuk pemboran sebesar US$ 83 juta dan US$ 39 juta untuk surface facilities yakni pembangunan, upgrading, dan perawatan.

Kontan, Page-14, Saturday, May 26, 2018

Pertamina Hulu Energi Gas Production Increases

PT Pertamina Hulu Energi, a subsidiary of PT Pertamina (Persero) in the upstream sector, recorded gas production of 777 million cubic feet per day (MMSCFD) during January-March 2018, up 2% over the same period of 2017 of 765 MMSCFD.

"In 2018, PHE set a production target for March of 767.8 MMSCFD, realization of 1.2% higher," said Director of PHE R. Gunung Sardjono Hadi in Jakarta.

PHE oil production in the first three months of 2018 was 63.037 barrels oil per day (BOPD), not much different from the same period of 2017 of 62,623 BOPD.

"PHE in 2018 targeted oil production in March at 65,243 BOPD, so production in March 2018 was 96.6% of the target," Gunung said.

According to Gunung, PHE will accelerate the monetization of PHE reserves by implementing a backup source clustering strategy. This strategy can be used in the Work Area which has gas reserves not too large, but can be monetized immediately. With PHE clustering no longer thinks just waiting for gas buyers, but innovates how to create a market. The reason, although having large reserves will be useless if there is no gas absorber.

"So it does not depend on the market, but it creates the market. That's what we're after now. The concept of gas monetization is clustered. So we also have to think how to get into the midstream, "he said.

He cited the development of gas in Senoro. Senoro gas will never be monetized if the facility does not build the refinery and regasification DSLNG in cooperation with several companies. PHE will also be more open to cooperate with other companies.

"Like Senoro if there is no DSLNG it will not be developed. That's one example for another development. We try to find, create new markets. So we do not sit sweetly waiting to come buyers, "he said.

Meanwhile, Director of Operations and Production of PHE Ekariza added that PHE gas production realization depends on absorption in the market. If the absorption of large markets, then PHE can increase gas production. In addition to the Tomori Block, PHE gas production contribution comes from the Offshore North West Java (ONWJ) block, Jambi Merang and West Madura Offshore (WMO).

"First quarter gas production is higher because there is an increase in absorption. The largest production contribution comes from Tomori, "he said.

Tuban Block

Meanwhile, PHE is also targeting production in Tuban block for oil of 8.11 MBOPD and gas production of 11.11 MMSCFD. Meanwhile, for Ogan Komering, PHE targets gross production for oil of 1.95 MBOPD and gas production of 8.21 MMSCFD.

The target of the production of PHE inigas in the Company's Work Plan and Budget (RKAP) 2018 has also included the production of four terminated block of contracts to be managed by PHE. The four blocks are Tuban, Ogan Komering, Offshore South East Sumatra (OSES) and North Sumatra Offshore (NSO). Two of the four blocks, Tuban and Ogan Komering, the production sharing contract (PSC) have been signed on April 20, 2018 and are effective as of May 20, 2018.

However, for the Sukowati unitization field previously managed by Joint Operation Body (JOB) of Pertamina-PetroChina East Java from 20 May 2018 submitted to PT Pertamina EP Another block, Ogan Komering, the contract has also been signed on 20 April 2018 and effective on 20 May 2018. For undepreciated balance of Tuban and Ogan Komering block has been submitted by PHE to the Special Unit for Upstream Oil and Gas Business Unit (SKK Migas) and is currently awaiting verification and approval.

(CNOOC)

Until the end of 2017, JOB PPEJ oil production gross reach 10.5 MBOPD and gas production of 14.2 MMSCFD. Meanwhile, the production of Ogan Komering gross reached 2.25 MBOPD and gas production of 8.64 MMSCFD. In addition to Tuban and Ogan Komering, starting in October 2018 PHE will also begin to take over the management of OSES which is currently managed by China National Offshore Oil Corporation (CNOOC) SES Ltd. For NSOs, PHE has now become operator after 2015 acquired 100 percent of ExxonMobil's participation rights.

Investor Daily, Page-9, Friday, May 25, 2018

2018, Pertamina EP Targets US $ 2.6 Billion Revenue

PT Pertamina EP, Same Contract Contractor under the coordination and supervision of SKK Migas, a subsidiary of PT Pertamina (Persero), targets revenue in 2018 to reach US $ 2.5-2.6 billion.

"The revenue is assumed that the average oil price this year is at US $ 80 per barrel and the production rate is the same, while last year the average price of world oil reached US $ 51 per barrel," said Pertamina EP President Director Nanang Abdul Manaf in Fasting Sharing event in Jakarta.

Meanwhile, until May 15, 2018, the company recorded a production of 256,619 barrels of oil equivalent per day (BOEPD). The production achievement exceeded the target in the 2018 RPAP of 249,601 BOEPD or about 101.61%. Nanang said the realization of the production consists of 76.309 barrels of oil per day (BOPD) or 96.26% of the target of 79,275 BOPD. While gas production reached 1,027.29 million standard cubic feet per day (MMSCFD).

"Gas production until mid-May 2018 reached 104.10% of the target of 986.82 MMSCFD," said Nanang.

Pertamina EP Asset 5, Pertamina EP business unit based in Balikpapan, East Kalimantan, contributed the largest production of oil, which is 18,369 BOPD. This production comes from five fields under the manager of Pertamina EP Asset 5, namely Sangatta Field, Bunyu Field, Tanjung Field, Sangasanga Field, and Tarakan Field. The second largest contributor is Pertamina EP Asset 2, based in Prabumulih, South Sumatera, at 17,051 BOPD. The oil supply comes from four fields in Pertamina EP Asset 2, namely Prabumulih Field, Pendopo Field, Limau Field, and Adera Field.

While the number one gas production comes from Pertamina EP Asset 2. The total gas produced is 442 MMSCFD, much higher than the contribution from Pertamina EP Asset 3 based in Cirebon, West Java at 292 MMSCFD. Pertamina EP Asset 3 gas supply comes from three fields, namely Tambun Field, Subang Field, and Jatibarang Field.

To maintain and even increase oil and gas production, Pertamina EP completed drilling program and Work Over (WO) and implemented a well operation plan program. In addition, the company also undertook a recovery plan to achieve production targets. Nanang explained, during January-March 2018, Pertamina EP recorded revenues of US $ 675 million.

"This revenue achievement is 115 percent of last year's revenue of US $ 586 million (year-on-year)," he said.

This revenue achievement is also supported by the start of rising global oil prices and company efficiency policies. One of them is to reduce production costs. In total, oil production cost (production cost) as of March 2018 for onshore is about US $ 15.98 per barrel, gas is US $ 1.03 per MSCF and oil and gas US $ 8.96 per MSCF.

"For offshore field, one of them is in Field Poleng, its production cost until end of March is US $ 10.47 per barrel, gas is US $ 1.81 per MSCE and oil and gas US $ 10.47 per MSCE" said Nanang.

He also asserted, Pertamina this year allocate capital expenditure (capex) of US $ 330 million. Meanwhile, operational expenditure (opex) amounted to US $ 1,648 million. "The funds are allocated for exploration, development, production, and General & Administration (G & A)," he said.

As of mid-May 2018, Pertamina EP has realized capex of US $ 122 million, primarily for drilling of US $ 83 million and US $ 39 million for surface facilities (development, upgrading and overhaul). Opex realization amounted to US $ 359 million, mainly used to support the company's operations, including exploration and exploitation activities.

Field Sukowati

Related to Sukowati field management in East Java, the field management is done by Pertamina EP Asset 4 based in Blora, Central Java. Chalid Salim Said, Pertamina EP's Director of Operations and Production expects Pertamina EP to raise Sukowati production by measures to be pursued by programs such as accelerating work plans by increasing the number of rigs, conducting new technology studies, and drilling production or injection wells.

According to Chalid, there are two strategic steps prepared by Pertamina EP regarding the transfer of Sukowati field from Joint Operating Body (JOB) Pertamina Petrochina East Java (PPEJ). In the short term, Pertamina EP will revive dead wells, artificial lifting improvements, optimization of production facility, well repair, dry docking Floating Storage Offloading Cinta Natomas, and completion of POD Phase 6 Sukowati.

"In the long run, we are planning POD Phase 6 Sukowati," he said.

As known, based on the Decree of the Minister of Energy and Mineral Resources No. 2800/13 / MEM.M / 2018 dated May 17, 2018, Sukowati field which was previously operated by JOB PPEJ on May 20, 2018 was handed over to Pertamina EP. Minister of ESDM lgnasius Jonan appointed Pertamina EP to become the new operator of Sukowati field as well as production facilities of Central Processing Asset Mudi, Palang Station up to FSO Cinta Natomas.

IN INDONESIA

2018, Pertamina EP Targetkan Pendapatan US$ 2,6 Miliar

 PT Pemamina EP, kontraktor Kontrak Kerja Same di bawah koordinasi dan supervisi SKK Migas yang juga anak usaha PT Pertamina (Persero), menargetkan pendapatan (revenue) pada 2018 mencapai US$ 2,5-2,6 miliar.

“Pendapatan itu dengan asumsi harga minyak rata-rata tahun ini mencapai US$ 80 per Barel dan tingkat produksi sama, sementara tahun lalu harga rata-rata minyak dunia mencapai US$ 51 per barel,” kata Presiden Direktur PT Pertamina EP Nanang Abdul Manaf dalam acara Buka Puasa Bersama di Jakarta.

Sementara itu, hingga 15 Mei 2018, perseroan mencatatkan produksi sebesar 256.619 barrel oil equivalent per day (BOEPD). Capaian produksi tersebut melewati target dalam RKAP 2018 sebesar 249.601 BOEPD atau sekitar 101,61%. Nanang mengatakan, realisasi produksi tersebut terdiri dari produksi minyak sebesar 76.309 barel oil per day (BOPD) atau 96,26% dari target sebesar 79.275 BOPD. Sementara produksi gas mencapai 1.027,29 juta standar kaki kubik per hari (MMSCFD). 

“Produksi gas hingga pertengahan Mei 2018 mencapai 104,10% dari target sebesar 986,82 MMSCFD," ujar Nanang.

Pertamina EP Asset 5, unit bisnis Pertamina EP yang berbasis di Balikpapan, Kalimantan Timur memberi kontribusi terbesar produksi minyak, yaitu 18.369 BOPD. Produksi ini berasal dari lima field yang berada di bawah pengelola Pertamina EP Asset 5, yaitu Sangatta Field, Bunyu Field, Tanjung Field, Sangasanga Field, dan Tarakan Field. Kontributor terbesar kedua adalah Pertamina EP Asset 2 yang bermarkas di Prabumulih, Sumatera Selatan, sebesar 17.051 BOPD. Pasokan minyak tersebut berasal dari empat field di Pertamina EP Asset 2, yaitu Prabumulih Field, Pendopo Field, Limau Field, dan Adera Field.

Sementara produksi gas nomor satu berasal dari Pertamina EP Asset 2. Total gas yang dihasilkan sebesar 442 MMSCFD, jauh lebih tinggi dibandingkan kontribusi dari Pertamina EP Asset 3 yang berbasis di Cirebon, Jawa Barat sebesar 292 MMSCFD. Pasokan gas Pertamina EP Aset 3 berasal dari tiga field, yaitu Tambun Field, Subang Field, dan Jatibarang Field.

Untuk mempertahankan dan bahkan meningkatkan produksi migas, Pertamina EP menyelesaikan program pemboran dan Work over (WO) serta melaksanakan program rencana kerja operasi sumur. Selain itu, perusahaan juga melakukan rencana pemulihan (recovery plan) untuk mencapai target produksi. Nanang menjelaskan, sepanjang Januari-Maret 2018, Pertamina EP membukukan pendapatan sebesar US$ 675 juta.

“Pencapaian pendapatan ini 115% dari realisasi pendapatan tahun sebelumnya US$ 586 juta (year-on-year)," ujarnya.

Pencapaian pendapatan ini juga ditopang oleh mulai naiknya harga minyak global dan kebijakan efisiensi perusahaan. Salah satunya adalah menekan biaya produksi. Secara total, biaya produksi (production cost) minyak per Maret 2018 untuk onshore adalah sekitar US$ 15,98 per barel, gas US$ 1,03 per MSCF dan migas US$ 8,96 per MSCF. 

“Untuk lapangan offshore, salah satunya ada di Field Poleng, biaya produksinya hingga akhir Maret sebesar US$ 10,47 per barrel, gas US$ 1,81 per MSCE dan migas US$ 10,47 per MSCE” kata Nanang.

Dia juga menegaskan, Pertamina tahun ini mengalokasikan belanja modal (capital expenditure/capex) sebesar US$ 330 juta. Sementara itu belanja operasi (operational expenditure/ opex) sebesar US$ 1.648 juta. “Dana itu dialokasikan untuk kegiatan eksplorasi, pengembangan, produksi, serta General & Administration (G&A) ,” ujarnya.

Hingga pertengahan Mei 2018, Pertamina EP telah merealisasikan belanja modal (capex) sebesar US$ 122 juta, terutama untuk pemboran sebesar US$ 83 juta dan US$ 39 juta untuk surface facilities (pembangunan, upgrading, dan overhaul). Sedangkan realisasi opex sebesar US$ 359 juta, terutama digunakan untuk mendukung kegiatan operasi perusahaan, antara lain kegiatan eksplorasi dan eksploitasi.

Lapangan Sukowati

Terkait pengelolaan lapangan Sukowati di Jawa Timur, pengelolaan lapangan tersebut dilakukan oleh Pertamina EP Asset 4 yang berbasis di Blora, Jawa Tengah. Chalid Salim Said, Direktur Operasi dan Produksi Pertamina EP berharap Pertamina EP dapat menaikkan produksi Sukowati dengan langkah-langkah yang akan ditempuh dengan program antara lain percepatan rencana kerja dengan menambah jumlah rig, melakukan kajian teknologi baru, dan melakukan pemboran produksi atau pun sumur injeksi.

Menurut Chalid, ada dua langkah strategis yang disiapkan Pertamina EP terkait alih kelola lapangan Sukowati dari Joint Operating Body (JOB) Pertamina Petrochina East Java (PPEJ). Dalam jangka pendek, Pertamina EP akan menghidupkan kembali sumur-sumur yang mati, perbaikan artificial lifting, optimasi production facility, reparasi sumur, dry docking Floating Storage Offloading Cinta Natomas, dan penyelesaian POD Phase 6 Sukowati.

“Dalam jangka panjang, kami merencanakan POD Phase 6 Sukowati,” katanya.

Sebagaimana diketahui, berdasarkan Keputusan Menteri Energi dan Sumber Daya Mineral Nomor 2800/ 13/ MEM.M/ 2018 tanggal 17 Mei 2018, lapangan Sukowati yang sebelumnya dioperatori oleh JOB PPEJ, pada 20 Mei 2018 diserahkan pengelolaannya kepada Pertamina EP. Menteri ESDM lgnasius Jonan menunjuk Pertamina EP menjadi operator baru lapangan Sukowati serta fasilitas produksi Central Processing Asset Mudi, Palang Station sampai dengan FSO Cinta Natomas.

Investor Daily, Page-9, Friday, May 25, 2018

Pertamina Search Partners Build Balikpapan Plant

Fund Requirement US $ 4 Billion

PT Pertamina (Persero) will partner with the Balikpapan Reinery Development Master Plan project. The project, targeted to be completed in 2021, will be done by the government-owned oil and gas company. Pertamina Managing Director Nicke Widyawati said the plan to partner with the company is a new strategy to complete projects that require large amounts of funding. In the calculation of the company the need for the development of the Balikpapan refinery reaches US $ 4 billion.

"We also open partnership we also do partner selection," said Nicke in the House of Representatives (DPR).

Nicke Widyawati

Nicke explained the initial stage of screening partners will be done market sounding. The same applies to the Bontang refinery. He mentioned that there has been an informal communication from several companies that expressed interest in participating in the development of the Balikpapan refinery.

"Yes, there is this year (market sounding). Of course we will see all aspects, we must recview, the council also ask to carefully choose a partner, "he said.

He said the process of determining the partners will also be accompanied by the calculation of valuation of assets to be listed for the inbreng process of shares. All of the existing assets belonging to Pertamina and already built so many percent will be divested into the value of share inbreng with the partner. But Nicke asserted Pertamina remains the majority shareholder.

"So instead of the government doing equity but this asset is our valuation of our value is so inbreng us with partners so the portion of our shares so paid in the form of asset inbreng," he said.

Furthermore Nicke explained that the development process that has been going on will not be stopped. Thus the selection of partners and the construction of refineries the process will take place in parallel.

"We operate just like a Cilacap refinery in Central Java. Saudi Aramco when all conditions are fulfilled setealh it then joined, so we operate just once there is no desire to delay, "he said.

The development of the Balikpapan refinery commenced in 2017 and is targeted to be completed by 2021. Currently, the Engineering Contractor, Procurement and Construction (EPC) engineering auction will be held until October. The Balikpapan Phase I RDMP is targeted to be completed by 2021, increasing the company's refinery capacity by 100 thousand barrels per day (bpd). 

      While the Balikpapan Phase II RDMP is targeted to be completed by 2025. The RDMP program will increase the capacity and complexity of the refinery. In the first phase, Balikpapan refinery capacity will increase from 260 thousand bpd to 350 thousand bpd.

In the second phase, the refinery becomes capable of processing oil until the sour type from the previous medium heavy. The investment requirement for RDMP of Balikpapan refinery reaches US $ 4.6 billion. In detail, the first phase requires US $ 2.6 billion and the second phase of US $ 2 billion.

IN INDONESIA

Kebutuhan Dana US$ 4 Miliar

Pertamina Cari Mitra Bangun Kilang Balikpapan

PT Pertamina (Persero) akan menggandeng mitra dalam proyek Reinery Development Master Plan Kilang Balikpapan. Proyek yang ditargetkan rampung pada 2021 itu sebelumnya akan dikerjakan sendiri oleh perusahaan migas milik pemerintah tersebut. Pelaksana Tugas Direktur Utama Pertamina Nicke Widyawati mengatakan rencana menggandeng partner merupakan strategi baru perusahaan dalam menyelesaikan proyek yang membutuhkan pendanaan dalam jumlah besar. 

Dalam kalkulasi perusahaan kebutuhan dana pengembangan kilang Balikpapan mencapai US$ 4 Miliar.

“Kita buka juga partnership kita juga lakukan partner selection,” kata Nicke di Dewan Perwakilan Rakyat (DPR).

Nicke menjelaskan tahap awal penyaringan mitra kerja itu akan dilakukan market sounding. Hal serupa diterapkan pada kilang Bontang. Dia menyebut sudah terjalin komunikasi informal dari beberapa perusahaan yang menyatakan minatnya ikut dalam pengembangan kilang Balikpapan.

“Iya, ada tahun ini (market sounding). Tentu kita akan melihat semua aspek, harus kita recview, dewan juga minta untuk hati-hati memilih partner,” ujarnya.

Dikatakannya proses penetapan partner juga akan dibarengi dengan perhitungan valuasi aset yang akan dicatatkan untuk proses inbreng saham. Seluruh aset yang ada milik Pertamina dan sudah dibangun sekian persen itu akan divaluasi menjadi nilai inbreng saham dengan partner tersebut. Namun Nicke menegaskan Pertamina tetap menjadi pemegang saham mayoritas.

“Jadi bukan pemerintah melakukan penyertaan modal tapi aset ini kita valuasi kita nilai ini yang jadi inbreng kita dengan partner jadi porsi saham kita jadi dibayarkan dalam bentuk inbreng aset,” ujarnya.

Lebih lanjut Nicke menjelaskan proses pembangunan yang sudah berlangsung tidak akan dihentikan. Dengan begitu pemilihan partner dan pembangunan kilang prosesnya akan berlangsung secara paralel.

“Kita beroperasi dulu saja seperti kilang Cilacap Jawa Tengah. Saudi Aramco ketika syarat semua sudah terpenuhi setealh itu kemudian bergabung, jadi kita beroperasi dulu saja tidak ada keinginan menunda,” ungkapnya. 

Pengembangan kilang Balikpapan dimulai sejak tahun 2017 dan ditargetkan rampung pada 2021. Saat ini sedang dilakukan lelang paket rekayasa, pengadaan, dan konstruksi (engineering, procurement, and construction/EPC) Contractor hingga bulan Oktober akan ditetapkan pemenangnya. 

      RDMP Kilang Balikpapan Tahap I ditargetkan selesai pada 2021 sehingga meningkatkan kapasitas kilang perseroan sebesar 100 ribu barel per hari (bph). Sementara RDMP Kilang Balikpapan Tahap II ditargetkan selesai pada 2025. Program RDMP nantinya akan meningkatkan kapasitas sekaligus kompleksitas kilang. Pada tahap pertama, kapasitas Kilang Balikpapan akan naik dari 260 ribu bph menjadi 350 ribu bph. 

Pada tahap kedua, kilang menjadi mampu mengolah minyak hingga jenis sour dari sebelumnya hanya medium heavy Kebutuhan investasi untuk RDMP Kilang Balikpapan ini mencapai US$ 4,6 miliar. Rincinya, tahap pertama membutuhkan US$ 2,6 miliar dan tahap kedua US$

2 miliar.

Investor Daily, Page-9, Friday, May 25, 2018