Pertamina Builds 1,200 MW of PLTG in Bangladesh

PT Pertamina (Persero) through its subsidiary, PT Pertamina Power Indonesia (PPI), has obtained approval from the Bangladesh Power Development Board (BPDB) to build a 1,200 Megawatt (WM) steam gas power plant in the country.

PT Pertamina Power Indonesia (PPI)

PPI President Director Ginanjar said, the next stage, his party was awaiting approval from the Prime Minister of Bangladesh for the project the power plant. After that, his party made a written agreement with BPDB.

"It is awaiting the Prime Minister's approval, approval for Lol (letter of intent) and this is binding on both parties," he said in Jakarta.

He explained, this PLTGU project in Bangladesh would have the same concept as the Java-1 PLTGU. The project will later be connected with a liquefied natural gas (LNG) facility, which consists of a floating storage and regasification unit (FSRU), mooring and off loading infrastructure, as well as gas pipelines, both subsea and onshore.

Later, after the LoI, it targets to be able to complete the financial close / FC of the 1,200 MW PLTGU project by the end of next year. Next, the construction of the power plant project is planned to be carried out in 2020.

"Then the project's operating target is in 2022," Ginanjar said. While BPDB will act as a buyer of electricity produced by the integrated facility.

In working on the project in Bangladesh, Ginanjar revealed that he would partner with partners. Unfortunately, Ginanjar admitted that he had not been able to name the company to be invited to cooperate with. The reason is, there is still the potential that potential partners will change.

"From all PPI projects, we always collaborate in partnerships," he said.

Bangladesh itself was chosen as the first country in which Pertamina expanded its electricity business due to several factors. First, with economic growth over the past 10 years stabilizing above 7%, it sees Bangladesh as a potential market. In addition, Bangladesh is also a developing country that needs an environmentally friendly future energy source.

"This project is a realization of the Memorandum of Understanding of G to G between PT Pertamina (Persero) and BPDB which was signed before the President of the Republic of Indonesia and the Prime Minister of Bangladesh," Ginanjar explained.

This collaboration is a follow-up of the previous memorandum of understanding in the energy sector signed by the Indonesian Ministry of Energy and Mineral Resources (ESDM) with the Ministry of Electricity, Energy and Mineral Resources of Bangladesh on September 15, 2017. At that time, the Minister of Electricity, Energy and Mineral Resources of Bangladesh Nasrul Hamid offered electricity cooperation to Indonesia.

Previously, Minister Nasrul explained, his party targets to increase the installed capacity of its power plants to 24 thousand MW by 2021 and reach 40 thousand MW in 2031. Not only adding capacity, the country also has a policy to use LNG in power plants. This is because LNG is considered very competitive with coal in terms of price and is more environmentally friendly.

"What we are looking for is competitive prices. We are very happy if Pertamina wants to build a gas infrastructure while generating electricity and gas, "said Nasrul.

PPI has recently begun the construction phase of an integrated Java-1 PLTGU project with a capacity of 1,760 MW and a holding facility and 170 thousand cubic meters of FSRU. The first integrated project from liquefied natural gas to electricity in Asia and one of the largest in Southeast Asia is targeted to operate in 2021.

Marubeni Corporation

In this project, PPI is a lead consortium consisting of Marubeni Corporation, Sojitz Corporation, and other companies. PPI is also a holding of PT Jawa Satu Power that operates the Java-1 PLTGU and PT Jawa Satu Regas which manages the FSRU. 

Sojitz Corporation

    Targeting a number of Projects In the future, Ginanjar said, his party will work on several similar Java-1 power plant and power plant projects in Bangladesh. However, his party has not been able to specify the projects because they are still in the initial stages and the selection of partners.

"There are at least 2-3 gas / fired to (electricity) projects that we will work on," he said.

In addition to the gas-fired power plant project, PPI is also working on a renewable energy power plant project. Currently, PPI is running a 1 MW rhino and 3 MW rhino power plant. Then, PPI also works on the potential of the Cilacap 4 MW PLTS, and PTPN-3 Sei Mangkei 5 MW. 

     Later, the PPI also works on a biogas power plant (PLTBG ) PTPN-3 Sei Mangkei 2.4 MW and PTPN-13 6 MW PPI will also participate in the operation and maintenance of the PPPN PTPN-2 2 MW PLTBG as an effort to expand the gas value chain business as well as pioneering the development of Pertamina's new and renewable energy. In the future, it targets PPI to become a leading green energy company, both in Indonesia and internationally.

IN INDONESIAN

Pertamina Bangun PLTGU 1.200 MW di Bangladesh

PT Pertamina (Persero) melalui anak usahanya, PT Pertamina Power Indonesia (PPI), telan memperoleh persetujuan dari Bangladesh Power Development Board (BPDB) untuk membangun pembangkit listrik tenaga gas uap (PLTGU) 1.200 Megawatt (WM) di negara tersebut.

Presiden Direktur PPI Ginanjar mengatakan, tahap berikutnya, pihaknya menunggu persetujuan dari Perdana Menteri Bangladesh untuk proyek

pembangkit listrik tersebut. Setelah itu pihaknya membuat kesepakatan tertulis dengan BPDB. 

“Sedang menunggu approval Perdana Menteri, approval untuk Lol (letter of intent) dan ini bersifat mengikat kedua pihak,” kata dia di Jakarta.

Dia menjelaskan, Proyek PLTGU di Bangladesh ini akan memiliki konsep yang sama dengan PLTGU Jawa-1. Proyek ini nantinya akan terhubung dengan fasilitas penerima gas alam cair (liquefied natural gas/ LNG), yang terdiri dari unit penampungan dan regasilikasi terapung (Floating Storage and Regasification Unit/FSRU), infrastruktur mooring dan off loading, serta jalur pipa gas baik subsea maupun onshore.

Nantinya, setelah adanya LoI, pihaknya menargetkan dapat merampungkan pendanaan (financial close/FC) Proyek PLTGU 1.200 MW itu pada akhir tahun depan. Berikutnya, konstruksi proyek pembangkit listrik ini direncanakan bisa dilakukan pada 2020. 

“Kemudian target operasi proyek pada 2022,” tutur Ginanjar. Sementara BPDB akan bertindak sebagai pembeli listrik yang dihasilkan oleh fasilitas terintegrasi tersebut.

Dalam menggarap proyek di Bangladesh itu, Ginanjar mengungkapkan bahwa pihaknya akan menggandeng mitra. Sayangnya, Ginanjar mengaku belum dapat menyebutkan nama perusahaan yang akan diajak kerja sama itu. Pasalnya, masih ada potensi bahwa calon mitra ini akan berubah. 

“Dari semua proyek-proyek PPI, kami selalu berkolaborasi dalam partnership,” ujarnya.

Bangladesh sendiri dipilih sebagai negara pertama di mana Pertamina melakukan ekspansi bisnis kelistrikan karena beberapa faktor. Pertama, dengan pertumbuhan ekonomi selama 10 tahun ini stabil di atas 7%, pihaknya melihat Bangladesh sebagai pasar potensial. Selain itu, Bangladesh juga merupakan negara berkembang yang membutuhkan sumber energi masa depan yang ramah lingkungan.

“Proyek ini merupakan realisasi dari Memorandum of Understanding G to G antara PT Pertamina (Persero) dan BPDB yang telah ditandatangani di hadapan Presiden Republik Indonesia dan Perdana Menteri Bangladesh," jelas Ginanjar.

Kerja sama ini merupakan tindak lanjut dari nota kesepahaman sebelumnya di sektor energi yang ditandatangani Kementerian Energi dan Sumber Daya Mineral (ESDM) Indonesia dengan Kementerian Listrik, Energi, dan Sumber Daya Mineral Bangladesh pada 15 September 2017 lalu. Pada saat itu, Menteri Listrik, Energi, dan Sumber Daya Mineral Bangladesh Nasrul Hamid menawarkan kerja sama kelistrikan kepada Indonesia.

Sebelumnya, Menteri Nasrul menjelaskan, pihaknya menargetkan dapat meningkatkan kapasitas terpasang pembangkit listriknya menjadi 24 ribu MW pada 2021 dan mencapai 40 ribu MW pada 2031. Tidak sekedar menambah kapasitas, negaranya juga memiliki kebijakan untuk menggunakan LNG di pembangkit listrik. Hal ini karena LNG dinilai sangat bersaing dengan batubara dari sisi harga dan lebih ramah lingkungan.

“Yang kami cari adalah harga yang kompetitif. Kami sangat senang jika Pertamina mau membangun infrastruktur gas sekaligus pembangkit listrik dan gas,” ujar Nasrul.

PPI belum lama ini telah memulai tahap konstruksi proyek terintegrasi PLTGU Jawa-1 berkapasitas 1.760 MW dan fasilitas penampungan dan FSRU 170 ribu meter kubik. Proyek terintegrasi dari gas alam cair ke listrik pertama di Asia dan salah satu terbesar di Asia Tenggara ini ditargetkan beroperasi pada 2021. 

Dalam proyek ini, PPI sebagai lead consortium yang beranggotakan Marubeni Corporation, Sojitz Corporation, dan perusahaan lainnya. PPI juga merupakan holding dari PT Jawa Satu Power yang mengoperasikan PLTGU Jawa-1 dan PT Jawa Satu Regas yang mengelola FSRU. 

     Mentargetkan sejumlah Proyek Ke depannya, Ginanjar mengatakan, pihaknya akan menggarap beberapa proyek pembangkit listrik sejenis PLTGU Jawa-1 dan PLTGU di Bangladesh. Namun, pihaknya belum dapat merinci proyek-proyek tersebut lantaran masih dalam tahap awal dan pemilihan mitra.

“Paling tidak ada 2-3 proyek gas/LNG to fired (listrik) yang akan kami garap,” tutur dia.

Selain proyek pembangkit listrik berbahan bakar gas, PPI juga menggarap proyek pembangkit listrik energi terbarukan. Saat ini, PPI sedang menjalankan pembangkit listrik tenaga surya (PLTS) Badak 1 MW dan Badak 3 MW Kemudian, PPI juga mengerjakan potensi PLTS Cilacap 4 MW, dan PTPN-3 Sei Mangkei 5 MW Kemudian, PPI juga mengerjakan pembangkit listrik tenaga biogas (PLTBG) PTPN-3 Sei Mangkei 2,4 MW dan PTPN-13 6 MW PPI juga akan turut serta dalam pengoperasian dan perawatan PLTBG PTPN-2 2 MW PPI dibentuk sebagai upaya ekspansi value chain bisnis gas serta sebagai perintis pengembangan energi baru dan terbarukan Pertamina. Ke depannya, pihaknya menargetkan PPI dapat menjadi leading green energy company, baik di Indonesia maupun internasional.

Investor Daily, Page-9, Wednesday, Dec 12, 2018

Government Signs Gross Split Contract

The government continues to boost gross split schemes to replace cost recovery in the management of national oil and gas (oil and gas). The Ministry of Energy and Mineral Resources (ESDM) yesterday signed two oil and gas block contracts using gross split scheme.

Energy Equity Epic Sengkang

First, the contract extension of the Sengkang Block managed by Energy Equity Epic Sengkang. This block contract is extended for 20 years, starting from 2022 later.

Director General of Oil and Gas at the Ministry of Energy and Mineral Resources, Djoko Siswanto, said that Equity Epic Sengkang will get 100% participation rights with the obligation to submit 10% of the participating rights to the Regional Owned Enterprise Fund (BUMD). Well, Energy Equity is obliged to pay a signature bonus of US $ 12 million and a 10% executive guarantee of a defined work commitment (KKP) of US $ 88 million.

Djoko said, Energy Equity has paid for all of these obligations. President of Energy Equity Epic (Sengkang) Pty Ltd, Andi Riyanto, said the Sengkang Block still has gas reserves of 3 to 4 trillion cubic feet (TCF).

"We will conduct a joint study in the Karaeng Block and exploration activities in the first five years," he explained.

The exploration activities in question are seismic surveys and drilling of two wells. Andi said, the production of the Sengkang Block could increase to 100-200 MMSCFD in stages over five years, starting in 2022. At present, the production of the Sengkang Block is 60 mmscfd.

In addition to the Sengkang Block, the ESDM Ministry yesterday has amended the Sepinggan Block contract from the production sharing contract (PSC) cost recovery to gross split PSC.

 ENI - Italy

      Holders of the participation rights of WK East Sepinggan are 85% of Eni East Sepinggan Limited and 15% of PT Pertamina Hulu Energi East Sepinggan. Eni East Sepinggan acts as the operator.

Arcandra Tahar

Deputy Minister of ESDM Arcandra Tahar said Eni and PHE voluntarily replaced the contract to gross split. The reason is that there is a long debate between the government and Eni about the costs so that the Sepinggan Block project is a year late.

"Now the project is becoming more certain," he said.

IN INDONESIAN

Pemerintah Teken Kontrak Gross Split

Pemerintah terus menggenjot skema gross split menggantikan cost recovery dalam tata kelola minyak dan gas (migas) nasional. Kementerian Energi dan Sumber Daya Mineral (ESDM) kemarin menandatangani dua kontrak blok migas dengan menggunakan skema gross split.

Pertama, perpanjangan kontrak Blok Sengkang yang dikelola Energy Equity Epic Sengkang. Kontrak blok ini diperpanjang selama 20 tahun, terhitung mulai 2022 nanti.

Dirjen Migas Kementerian ESDM, Djoko Siswanto, menyebutkan Equity Epic Sengkang akan mendapatkan 100% hak partisipasi dengan kewajiban menyerahkan 10% hak partisipasi kepada Dana Usaha Milik Daerah (BUMD). Nah, Energy Equity berkewajiban membayar bonus tanda tangan sebesar US$ 12 juta dan jaminan pelaksana 10% dari komitmen kerja pasti (KKP) sebesar US$ 88 juta.

Djoko bilang, Energy Equity telah membayar seluruh kewajiban tersebut. President Energy Equity Epic (Sengkang) Pty Ltd, Andi Riyanto, mengatakan Blok Sengkang masih memiliki cadangan gas sebesar 3 hingga 4 triliun kaki kubik (TCF). 

"Kami akan melakukan join study di Blok Karaeng dan kegiatan eksplorasi dalam lima tahun pertama," terang dia.

Kegiatan eksplorasi yang dimaksud adalah survei seismik dan pengeboran dua sumur. Andi bilang, produksi Blok Sengkang bisa meningkat hingga 100-200 mmscfd secara bertahap selama lima tahun, mulai tahun 2022. Saat ini, produksi Blok Sengkang sebesar 60 mmscfd.

Selain Blok Sengkang, Kementerian ESDM kemarin telah mengamendemen kontrak Blok Sepinggan dari production sharing contract (PSC) cost recovery menjadi PSC gross split. Pemegang hak partisipasi WK East Sepinggan adalah Eni East Sepinggan Limited sebesar 85% dan PT Pertamina Hulu Energi East Sepinggan sebesar 15%. Eni East Sepinggan bertindak sebagai operator.

Wakil Menteri ESDM Arcandra Tahar bilang Eni dan PHE secara sukarela mengganti kontrak ke gross split. Alasannya, ada perdebatan panjang antara pemerintah dan Eni tentang  biaya sehingga proyek Blok Sepinggan terlambat setahun. 

"Kini proyek menjadi lebih pasti," kata dia. 

Kontan, Page-14, Wednesday, Dec 12, 2018

Inpex Already Proposed Revision of Masela Block POD

The Special Task Force for Upstream Oil and Gas (SKK Migas) has accepted the revision of the Masela Block plan of development (POD). As a result, the proposed block development plan is certain to come out next week. 

Dwi Soetjipto

    Head of SKK Migas, Dwi Soetjipto, explained Inpex Corporation has submitted a proposal to revise the Masela Block POD I. SKK Migas is reviewing the proposal.

Inpex Corporation

"We are still reviewing," Dwi said. He hopes the review of the Masela Block POD I revision will be completed in the near future. So that in January 2019 there will be a decision regarding the POD of the Masela Block.

the Masela Block by Inpex Corp.

"Hopefully the second week of this month will come out from the Head of SKK Migas. Then recommend to the Minister of Energy and Mineral Resources. Yes, maybe January will be finished, it should be possible," added Deputy Head of SKK Migas, Sukandar.

One of the things that was reviewed by SKK Migas regarding the revision of the Masela Block POD was the project's economic level, including the internal rate of return (IRR). The average IRR expected by investors reaches 15%.

IN INDONESIAN

Inpex Sudah Mengajukan Revisi POD Blok Masela

Satuan Kerja Khusus Hulu Minyak dan Gas Bumi (SKK Migas} sudah menerima revisi rencana pengembangan atau plan of development (POD) Blok Masela. Alhasil, rekomendasi rencana pengembangan blok tambang itu dipastikan akan keluar pada pekan depan. Kepala SKK Migas, Dwi Soetjipto, menjelaskan Inpex Corporation sudah memasukkan proposal revisi POD I Blok Masela. SKK Migas sedang mengkaji proposal itu.

"Kami masih review," kata Dwi. Dia berharap kajian revisi POD I Blok Masela selesai dalam waktu dekat. Sehingga pada Januari 2019 mendatang sudah ada keputusan terkait POD Blok Masela.

"Semoga minggu kedua bulan ini keluar dari Kepala SKK Migas. Kemudian merekomendasikan ke Menteri ESDM. Ya, mungkin Januari selesai, harus bisa," tambah Wakil Kepala SKK Migas, Sukandar.

Salah satu yang dikaji SKK Migas terkait revisi POD Blok Masela adalah tingkat keekonomian proyek itu, termasuk internal rate of return (IRR). Rata-rata IRR yang diharapkan investor mencapai 15%.

Kontan, Page-14, Wednesday, Dec 12, 2018

Refinery Project Takes Up to 9 Years

Wood Mackenzie considers that the construction of a relatively simple oil refinery takes 2-3 years, while refineries with high complexity can take around 4-9 years. Sushant Gupta, Director of Wood Mackenzie, a research and energy consultant agency, explained that the time needed for the construction of new refineries will depend on the capacity and companies that become partners.

Wood Mackenzie

"Simple oil refinery construction can be completed for 2-3 years. However, the construction of a very complex oil refinery takes around 4-9 years, "he said.

According to him, delaying the oil refinery project is not an extraordinary thing in Indonesia. In fact, there are often changes in investors or changes that will become partners in the joint venture formed by PT Pertamina (Persero).

Balikpapan Refinery

"However, we see that the Balikpapan Refinery revitalization project is 'certainty'. Therefore, it is very possible to happen [realization of revitalization

"Balikpapan refinery," he said.

Hyundai Engineering Co. Ltd.

Pertamina has appointed the SK Engineering & Construction Co. consortium. Ltd., Hyundai Engineering Co. Ltd., PT Rekayasa Industri, and PT PP (Persero) Tbk. as the winner of the engineering tender for the design, procurement and construction of the Balikpapan Refinery worth US $ 4 billion or around Rp. 57.8 trillion.

PT Rekayasa Industri (Rekind)

Pertamina targets the completion of the Balikpapan Refinery revitalization of around 53 months or 4 years 5 months, which is completed in 2023. President Director of PT Rekayasa Industri (Rekind) Yanuar Budinorman said that his party would give the best of trust Pertamina appointed companies to revitalize the Pertamina refinery.

"We are happy to be able to take part in government programs in realizing energy security," he said.

The Balikpapan Refinery Project

The Balikpapan Refinery Project will focus on processing residues (low value products) into high-quality fuel oil. In addition, the quality of Solar processing will be increased by reducing the sulfur content so that it is more environmentally friendly. The company has also been involved in developing refineries in Indonesia.

Rekind also participated in the construction of the first unleaded oil processing facility in Indonesia through the Blue Sky Balongan Project in Balongan Refinery, West Java. In 2008, Rekind also worked on Pertamina's residue catalytic cracking offgas to propylene project (ROPP) project for the Balongan Refinery in Indramayu-West Java.

Through a project known as the use of exhaust gas, unused waste gas and oil refineries can be converted into high-value propylene (plastic raw material).

IN INDONESIAN

Proyek Kilang Memakan Waktu Hingga 9 Tahun

Wood Mackenzie menilai bahwa konstruksi kilang minyak yang relatif sederhana membutuhkan waktu 2-3 tahun, sedangkan kilang dengan kompleksitas tinggi bisa membutuhkan waktu sekitar 4-9 tahun. Sushant Gupta, Direktur Wood Mackenzie, lembaga riset dan konsultan energi, menjelaskan bahwa waktu yang dibutuhkan untuk konstruksi kilang baru akan tergantung pada kapasitas dan perusahaan yang menjadi mitra.

“Konstruksi kilang minyak yang sederhana dapat diselesaikan selama 2-3 tahun. Namun, pembangunan kilang minyak yang sangat kompleks butuh waktu sekitar 4-9 tahun," katanya.

Menurutnya, penundaan proyek kilang minyak bukan menjadi hal yang luar biasa di Indonesia. Bahkan sering terjadi perubahan investor atau perubahan yang akan menjadi mitra dalam usaha patungan yang dibentuk PT Pertamina (Persero).

“Namun, kami melihat bahwa proyek revitalisasi Kilang Balikpapan sebagai 'kepastian'. Oleh karena itu, sangat mungkin terjadi [terealisasi revitalisasi Kilang Balikpapan,” katanya.

Pertamina telah menunjuk konsorsium SK Engineering & Construction Co. Ltd., Hyundai Engineering Co. Ltd., PT Rekayasa Industri, dan PT PP (Persero) Tbk. sebagai pemenang tender perekayasa desain, pengadaan, dan konstruksi Kilang Balikpapan senilai US$ 4 miliar atau sekitar Rp 57,8 triliun.

Pertamina menargetkan penyelesaian revitalisasi Kilang Balikpapan sekitar 53 bulan atau 4 tahun 5 bulan, yaitu rampung pada 2023. Direktur Utama PT Rekayasa Industri (Rekind) Yanuar Budinorman mengatakan, pihaknya akan memberikan yang terbaik atas kepercayaan Pertamina menunjuk perusahaan untuk merevitalisasi kilang Pertamina. 

“Kami senang bisa ikut ambil bagian dari program pemerintah dalam mewujudkan ketahanan energi,” ujarnya.

Proyek Kilang Balikpapan akan difokuskan pada pengolahan residu (produk dengan nilai rendah) menjadi bahan bakar minyak berkualitas tinggi. Selain itu, kualitas pengolahan Solar akan ditingkatkan dengan mengurangi kandungan sulfur sehingga lebih ramah lingkungan. Perusahaan juga pernah terlibat dalam pengembangan kilang di Indonesia.

Rekind juga ikut dalam pembangunan fasilitas pemrosesan minyak tanpa timbal pertama di Indonesia melalui Proyek Balongan Blue Sky di Kilang Balongan, Jawa Barat. Pada 2008, Rekind juga mengerjakan proyek residue catalytic cracking offgas to propylene project (ROPP) milik Pertamina untuk Kilang Balongan di Indramayu-Jawa Barat.

Melalui proyek yang dikenal dengan pemanfaatan gas buang tersebut, gas buang yang tidak terpakai dan kilang minyak dapat diubah menjadi propilena (bahan baku plastik) yang bernilai tinggi.

Bisnis Indonesia, Page-24, Wednesday, Dec 12, 2018

Sengkang & Sepinggan Production Will Increase

The signing of the new Sengkang and East Sepinggan Block contracts with gross or gross split schemes is projected to increase natural gas production from the two oil and gas working areas.

Energy Equity Epic (Sengkang) Pty. Ltd.

Energy Equity Epic (Sengkang) Pty. Ltd., operator of the Sengkang Block, is committed to increasing gas production to increase to 100 million-200 million cubic feet per day (million standard cubic feet per day / MMscfd) compared to the current 60 MMscfd. The Merakes Field gas production, the East Sepinggan Block will be increased to 391 MMscfd from the current level of 155 MMscfd.

Energy Equity Epic will increase natural gas production in the oil and gas working area located in South Sulawesi up to 200 MMscfcl from 2020. President of Energy Equity Epic Andi Riyanto said that after the new Sengkang Block contract took effect, it targets natural gas production to increase to 100-200 MMscfd compared to the current 60 MMscfd.

The development is part of a definite work commitment of US $ 88 million over the first 5 years since the gross split contract was signed. The work commitment is definitely the value of the exploration investment that will be issued by Epic Energy Equity in the Sengkang Block. 

   The government extended the Sengkang Block contract for 20 years to Epic Energy Equity, which is an existing operator in the region. However, the contract scheme was changed from a cost recovery operation to a gross split. The new contract will take effect from October 24, 2022.

"Definite work commitments start in 2022 [until 2027], but from management we ask to accelerate. So, by 2020, we have already flowed part of that definite work commitment, "he said after signing the gross split contract of the Sengkang Block at the ESDM Ministry office.

Andi explained that the target of increasing production to 200 MMscfd will be carried out in stages over 5 years. In 2020, it will start conducting three-dimensional seismic surveys and drilling around two exploration wells. Energy Equity has begun to explore potential buyers for the potential for additional gas production. One potential potential buyer who has been named is a local-owned company South Sulawesi Provincial Government.

In the gas sale and purchase business scheme, Energy Equity will sell gas that has been processed into liquid natural gas (LNG) which will be used to meet the needs of power plants.

"This LNG marketed in South Sulawesi was in accordance with the wishes of the Governor of South Sulawesi, using gas for the benefit of South Sulawesi. Many have no electricity. Indeed this gas is the biggest consumer of electricity then in industries such as petrochemicals. However, there is no [petrochemical industry] in South Sulawesi, "he said.

At present, the average production of the Sengkang Block is as much as 60 MMscfd and all of it is purchased by PT Perusahaan Listlik Negara (Persero). Regarding the selling price of gas, Andi has not yet calculated. Gas price adjustments will be calculated after discussion of the required production and the term of the contract from the prospective gas buyer.

‘We like a MoU [memorandum of understanding] beforehand with prospective buyers of [gas from the Sengkang Block]. We are sure with SKK Migas, how many volumes, how many years. We can only calculate the economy. However, gas prices will be determined on a business basis. "

Arcandra Tahar

Deputy Minister of ESDM Arcandra Tahar explained that 100% of the Sengkang Block participation rights were still given to Epic Energy Equity. The company is willing to pay a signature bonus of US $ 12 million. The 100% ownership rights include the rights of 10% regional-owned enterprises (BUMD).

Based on company information, the Sengkang Block has proven natural gas reserves of 800 billion cubic feet (bcf) and has a resource reserve of 2 trillion cubic feet (tcf).

EAST SEPINGGAN

Besides Sengkang, the ESDM Ministry also signed a new East Sepinggan Block contract located in the Makassar Strait. The signing was carried out by the Deputy Minister of ESDM Arcandra Tahar along with Director General of Oil and Gas Djoko Siswanto and SKK Migas Head Dwi Soetjipto along with Energy Equity Epic Sengkang, Eni (oil and gas company from Italy), and PT Pertamina Hulu Energi East Sepinggan.

Eni (oil and gas company from Italy)

The new East Sepinggan Block contract uses a gross profit sharing scheme to replace the cost recovery model. East Sepinggan became the first oil and gas working area to switch and cost recovery to gross split. So far, there have been several oil and gas blocks that have shifted from cost recovery to gross split. However, the block contract has expired. In contrast to East Sepinggan whose contract is still valid.

ENI - Italy

Eni proposed changing the contract scheme with the reason for the effectiveness of the development of the offshore oil and gas working area. Eni through its subsidiary Eni East Sepinggan Ltd. became a block operator with 85% participation rights and PT Pertamina Hulu Energi East Sepinggan at 15%.

Arcandra explained, the oil and gas contract with the gross split scheme would be simpler and able to create efficiency in oil and gas production. Regarding the change in the contract, Eni must revise the Merakes field plan of development in the Sepinggan East Block area. PoD Merakes previously used a cost recovery scheme.

ENI - Italy

Arcandra estimates gas production from the Merakes field of 155 MMscfd and will reach a peak production of around 391 MMscfd. In addition, this field has gas reserves of 814 bcf. The economic age of the East Sepinggan Block is estimated to be 9 years since the first production.

According to him, the Merakes Field project will start operating in 2021 or retreat from the initial projection at the end of 2019. Eni obtains 67% profit share for oil, while natural gas is 72% which is the cumulative base result and variable profit sharing in the scheme gross split contract. SKK Migas Head Dwi Soetjipto said that the East Sepinggan Block gas production could be faster than the year set.

Dwi Soetjipto

"Yes, it was 2021 [production], it is expected to be faster than 2021. Dwi is optimistic that the project can operate faster because the contractor has changed the contract scheme into gross profit sharing.

"We see the acceleration in its implementation. In the past, cost recovery was due to having to go back and forth to SKK Migas if it would issue money. If this "gross split) themselves [determine shopping]," he added.

According to him, accelerating the production target will make additional gas production ready to sell (lifting) in Indonesia.

IN INDONESIAN

Produksi Sengkang & Sepinggan Akan Naik

Penandatanganan kontrak baru Blok Sengkang dan East Sepinggan dengan skema bagi kotor atau gross split diproyeksikan meningkatkan produksi gas bumi dari kedua wilayah kerja migas itu.

Energy Equity Epic (Sengkang) Pty. Ltd., operator Blok Sengkang, berkomitmen untuk meningkatkan produksi gas hingga meningkat menjadi 100 juta-200 juta kaki kubik per hari (million standard cubic feet per day/MMscfd) dibandingkan dengan saat ini 60 MMscfd. Produksi gas Lapangan Merakes, Blok East Sepinggan akan ditingkatkan hingga 391 MMscfd dari saat ini sebeasar 155 MMscfd.

Energy Equity Epic akan meningkatkan produksi gas bumi di wilayah kerja migas yang berlokasi di Sulawesi Selatan itu hingga 200 MMscfcl mulai 2020. President Energy Equity Epic Andi Riyanto mengatakan bahwa setelah kontrak baru Blok Sengkang berlaku, pihaknya menargetkan produksi gas bumi bisa meningkat menjadi 100-200 MMscfd dibandingkan dengan saat ini 60 MMscfd. 

Pengembangan tersebut menjadi bagian dari komitmen kerja pasti sebesar US$ 88 juta selama 5 tahun pertama sejak kontrak bagi hasil kotor (gross split) ditandatangani. Komitmen kerja pasti merupakan nilai investasi eksplorasi yang akan dikeluarkan Energy Equity Epic di Blok Sengkang. Pemerintah memperpanjang kontrak Blok Sengkang selama 20 tahun kepada Energy Equity Epic, yang merupakan operator eksis di wilayah tersebut. Namun, skema kontrak diubah dari biaya operasi yang dapat dikembalikan (cost recovery) menjadi gross split. Kontrak baru itu akan berlaku mulai-24 Oktober 2022.

“Komitmen kerja pasti mulai 2022 [sampai 2027], tetapi dari manajemen kami minta untuk melakukan percepatan. Jadi, pada 2020, kami sudah mengalirkan bagian dari komitmen kerja pasti itu,” katanya setelah menandatangani kontrak gross split Blok Sengkang di kantor Kementerian ESDM.

Andi menjelaskan bahwa target peningkatan produksi hingga 200 MMscfd tersebut akan dilakukan secara bertahap selama 5 tahun. Pada 2020, pihaknya akan mulai melakukan survei seismik tiga dimensi dan melakukan pengeboran sekitar dua sumur eksplorasi. Energy Equity sudah mulai menjajaki calon pembeli untuk potensi penambahan produksi gas tersebut. Salah satu calon pembeli potensial yang sudah dijaiaki adalah perusahaan daerah milik

Pemerintah Provinsi Sulawesi Selatan.

Dalam skema bisnis jual beli gas tersebut, Energy Equity akan menjual gas yang sudah diolah menjadi gas alam cair (liquid natural gas/LNG) yang akan dimanfaatkan untuk memenuhi kebutuhan pembangkit listrik.  

“LNG ini dipasarkan di Sulawesi Selatan dahulu sesuai dengan keinginan Gubernur Sulawesi Selatan, manfaatkan gas untuk kepentingan Sulawesi Selatan. Banyak yang belum ada kelistrikan. Memang gas ini konsumen terbesarnya listrik kemudian di industri seperti petrokimia. Namun, di Sulawesi Selatan belum ada [industri petrokimia],” katanya.

Saat ini, rerata produksi gas Blok Sengkang sebanyak 60 MMscfd dan seluruhnya dibeli oleh PT Perusahaan Listlik Negara (Persero). Terkait dengan harga jual gas, Andi belum melakukan kalkulasi. Penyesuaian harga gas akan dihitung setelah ada pembahasan produksi yang dibutuhkan dan jangka kontrak dari calon pembeli gas.

‘Kami semacam MoU [nota kesepahaman] dahulu dengan calon-calon pembeli [gas dari Blok Sengkang]. Kami pastikan dengan SKK Migas, berapa banyak volume, jangka waktu berapa tahun. Baru bisa kami hitung keekonomian. Namun, harga gas akan ditentukan secara bisnis.”

Wakil Menteri ESDM Arcandra Tahar menjelaskan bahwa 100% hak partisipasi Blok Sengkang masih diberikan kepada Energy Equity Epic. Petusahaan itu bersedia membayar bonus tanda tangan US$ 12 juta. Kepemilikan 100% hak partisipasi tersebut sudah termasuk hak 10% badan usaha milik daerah (BUMD).

Berdasarkan informasi perusahaan, Blok Sengkang mempunyai cadangan terbukti gas bumi sebesar 800 miliar kaki kubik (bcf) dan memiliki cadangan sumber daya sebanyak 2 triliun kaki kubik (tcf).

EAST SEPINGGAN

Selain Sengkang, Kementerian ESDM juga menandatangani kontrak baru Blok East Sepinggan yang berlokasi di Selat Makassar Penandatanganan tersebut dilakukan oleh Wakil Menteri ESDM Arcandra Tahar bersama dengan Dirjen Migas Djoko Siswanto dan Kepala SKK Migas Dwi Soetjipto bersama dengan Energy Equity Epic Sengkang, Eni (perusahaan migas dari Italia), dan PT Pertamina Hulu Energi East Sepinggan.

Kontrak baru Blok East Sepinggan menggunakan skema bagi hasil kotor menggantikan model cost recovery. East Sepinggan menjadi wilayah kerja migas pertama yang beralih dan cost recovery ke gross split. Selama ini, sudah ada beberapa blok migas yang beralih dari cost recovery ke gross split. Namun, kontrak blok tersebut sudah habis. Berbeda dengan East Sepinggan yang kontraknya masih berlaku.

Eni mengusulkan perubahan skema kontrak tersebut dengan alasan untuk efektifitas pengembangan wilayah kerja migas lepas pantai tersebut. Eni melalui anak usahanya Eni East Sepinggan Ltd. menjadi operator blok dengan hak partisipasi sebesar 85% dan PT Pertamina Hulu Energi East Sepinggan sebesar 15%.

Arcandra menjelaskan, kontrak migas dengan skema gross split akan lebih sederhana dan mampu menciptakan efisiensi dalam produksi migas. Terkait dengan perubahan kontrak tersebut, Eni harus melakukan revisi rencana pengembangan (plan of development/PoD) lapangan Merakes yang berada di area Blok East Sepinggan. PoD Merakes sebelumnya menggunakan skema cost recovery.

Arcandra meinperkirkan produksi gas dari lapangan Merakes sebesar 155 MMscfd dan akan mencapai puncak produksi sekitar 391 MMscfd. Selain itu, lapangan ini memiliki cadangan gas sebesar 814 bcf. Untuk usia lapangan ekonomis Blok East Sepinggan diperkirakan selama 9 tahun sejak produksi pertama.

Menurutnya, proyek Lapangan Merakes akan mulai beroperasi pada 2021 atau mundur dari proyeksi awal pada akhir 2019. Eni memperoleh bagi hasil 67% untuk minyak, sedangkan gas bumi sebesar 72% yang merupakan kumulatif bagi hasil awal (base split) dan bagi hasil variabel dalam skema kontrak gross split. Kepala SKK Migas Dwi Soetjipto mengatakan, produksi gas Blok East Sepinggan bisa lebih cepat dari tahun yang ditetapkan. 

"Iya tadinya 2021 [produksi], diharapkan bisa lebih cepat dari 2021. Dwi optimistis, proyek tersebut bisa beroperasi lebih cepat karena kontraktor telah mengubah skema kontrak menjadi bagi hasil kotor.

“Kami lihat percepatan itu dalam implementasinya. Kalau dulu cost recovery karena harus bolak-balik ke SKK Migas kalau akan mengeluarkan uang. Kalau ini

[gross split) mereka sendiri [menentukan belanja],“ imbuhnya.

Menurutnya, percepatan target produksi itu akan membuat penambahan produksi gas siap jual (lifting) di Indonesia.

Bisnis Indonesia, Page-24, Wednesday, Dec 12, 2018

Pertamina EP Finds 100 Million Barrel Oil and Gas Sources

PT Pertamina EP managed to find oil and gas sources in Jatibarang, lndramayu West Java and Matindok, South Sulawesi with a total potential of 100 million barrels. The discovery of this reserve is expected to be able to hold back the rate of decline in the company's oil and gas production going forward.

Matindok Field, South Sulawesi 

"The finding of this new oil and gas source is significant to maintain production for the next few years in Jatibarang and in Matindok. The potential is around 100 million barrels per day," Director of Exploration and New Discovery of Pertamina EP Alian Husein said, quoted by Antara.

Allian said, in the near future it will begin the drilling process in the first quarter of 2019 in Matindok Field. While the oil and gas drilling process in Jatibarang Field will only begin at the end of 2019 due to long land preparation and licensing. At present, the field in Jatibarang can deliver very significant oil and gas to 2,500 barrels per day and gas of a dozen million cubic feet per day (million standard cubic feet per day / MMSCFD).

While in Matindok, it can produce oil up to 200 bpd or greater by 20-360% from the initial projection. Although succeeding in increasing oil and gas reserves, Alfian noted that the oil production target charged by the government in 2018 is still not fulfilled. As of early December, Pertamina EP posted oil production of 78.46 thousand bpd, equivalent to around 95% of the target of 82.7 thousand bpd. While gas production was recorded at 1,021 MMSCFD or 3% higher than the target of 987 MMSCFD.

"The calculation process has not been completed. At the end of December, we will calculate the possibility of not reaching the target, "he said.

Previously, Pertamina EP President Director Nanang Abdul Manaf said, so far, his party had realized drilling of 71 wells and carried out the re-work of 136 wells. For exploration activities, it has completed 2D seismic covering an area of ​​680 kilometers (km) and seismic 3D 344 square kilometers.

At the same time, it is also working on six projects at once. The six projects are enhanced oil recoveify / EOR development projects in Ramba, the EOR Development Project in Jirak, the Jatiasri Complex Development Project, the Big Bamboo and Acacia Good Development Project, and the Tapen Development Project.

IN INDONESIAN

Pertamina EP Temukan Sumber Migas 100 Juta Barel

PT Pertamina EP berhasil menemukan sumber minyak dan gas di Jatibarang, lndramayu  Jawa Barat dan Matindok, Sulawesi Selatan dengan total potensi 100 juta barel. Penemuan cadangan ini diharapkan dapat menahan laju penurunan produksi migas perusahaan ke depannya.

“Temuan sumber baru migas ini signifikan untuk mempertahankan produksi hingga beberapa tahun ke depan di Jatibarang dan di Matindok, Potensinya sekitar 100 juta barrel per day,” kata Direktur Eksplorasi dan Penemuan Cadangan Baru Pertamina EP Alian Husein, sebagaimana dikutip Antara, akhir pekan lalu. 

Dikatakan Allian, pihaknya dalam waktu dekat akan memulai proses pengeboran pada kuartal pertama 2019 di Lapangan Matindok. Sedangkan proses pengeboran migas di Lapangan Jatibarang baru akan dimulai pada akhir 2019 karena persiapan lahan dan perizinan yang panjang. Saat ini, lapangan di Jatibarang dapat mengalirkan minyak dan gas yang sangat signifikan sampai 2.500 barel per hari serta gas belasan juta kaki kubik per hari (million standard cubic feet per day/MMSCFD).

Sementara di Matindok, pihaknya dapat menghasilkan minyak hingga 200 bph atau lebih besar 20-360% dari proyeksi awal. Meski berhasil menambah cadangan migas, Alfian mencatat target produksi minyak yang dibebankan pemerintah pada 2018 masih belum terpenuhi. Hingga awal Desember, Pertamina EP membukukan pproduksi minyak sebesar 78,46 ribu bph atau setara sekitar 95% dari target 82,7 ribu bph. Sementara produksi gas tercatat mencapai 1.021 MMSCFD atau lebih tinggi 3% dari target 987 MMSCFD.

“Proses penghitungan belum selesai. Pada akhir Desember, lalu akan kami hitung kemungkinan tidak akan mencapai target,” katanya.

Sebelumnya, Presiden Direktur Pertamina EP Nanang Abdul Manaf menuturkan, sejauh ini, pihaknya telah merealisasikan pengeboran 71 sumur dan melaksanakan kerja ulang sumur sebanyak 136 sumur. Untuk kegiatan eksplorasi, pihaknya telah merampungkan seismik 2D seluas 680 kilometer (km) dan seismik 3D 344 kilometer persegi.

Pada saat yang sama, pihaknya juga sedang menggarap enam proyek sekaligus. Keenam proyek ini adalah proyek pengembangan pengurasan produksi tahap lanjut (enhanced oil recoveify/EOR) di Ramba, Proyek Pengembangan EOR di Jirak, Proyek Pengembangan Komplek Jatiasri, Proyek Pengembangan Bambu Besar dan Akasia Bagus, serta Proyek Pengembangan Tapen.

Investor Daily, Page-9, Tuesday, Dec 11, 2018