JAKARTA (TheInsiderStories) – Indonesian energy producer, PT Pertamina Hulu Energi (PHE) to manage the Maratua Working Areas located in Berau District, East Kalimantan Province, after signed the Cooperation Contract of Production Sharing with the Special Work Unit and Oil and Natural Gas signed in Jakarta, on Monday (02/18).
According to Managing Director of PHE Mediawati, the scheme for managing the Blok Maratua is the same as other work areas, with the gross split scheme, with a total investment of US$7.75 million, which includes Definite Work Commitments and Signature Bonuses.
“The Blok Maratua will be operated by PT PHE Lepas Pantai Bunyu and has been prepared in the long term to sustain the continuity of domestic gas supply,” she said in the written statement.
As known that the unit of stated-owned oil and gas holding PT Pertamina, also has an active working area in the North Kalimantan area, namely Pertamina EP Asset 5 in Bunyu, PHE Nunukan Company, JOB Pertamina-Medco EP Simenggaris and PHE East Ambalat.
Yesterday, Indonesia Energy and Mineral Resources (EMR) ministry signed an agreement over the third stage of oil and gas blocks auction. The agreement valued $16.95 million which consists of $10.95 million projects commitment value and $6 million bonus signature.
From the bid held in Nov. 5 to Dec. 21, 2018, three of four blocks met the expected price. Those are South Andaman block, South Sakakemang block, and Maratua block. Two blocks won by direct offers and one won by special direct offer to state-owned energy producer Pertamina.
The $2.15 million value South Andaman working area was won by Pearloil (Theralite) Ltd from middle eastern. Pearloil gets three years commitment for G&G and 500 kilometres square seismic 3D.
South Sakakemang block won by Dutch Talisman Java B.V. and Japanese Mitsui Oil Exploration Co. Ltd. The commitment value for the block is $3.05 million. It is for 3 years commitment of G&G and 250 kilometres square seismic 2D.
Collaboration with Pelindo Incorporated
At the same time, Pertamina and PT Pelabuhan Indonesia (Pelindo) I-IV agreed to establish business cooperation to optimize and utilize the assets of Pelindo port in energy distribution effectively and efficiently.
Overall, the various Pertamina-Pelindo business partnerships cover at least 18 fields, among others, the operation of TBBM and Gas in Belawan and Kuala Tanjung, the operation of Dumai Terminal, the development of Pekanbaru Water Front City, the optimization of Tanjung Intan Port, and the development of the gospier dock.
In addition, Pertamina and Pelindos also agreed to build the Teluk Lamong LNG Terminal, Filing Station in Banjarmasin and the development of the Liquid Bulk Asphalt Terminal in Benoa, Bali.
In the eastern part of Indonesia, Pertamina-Pelindo cooperation intends to supply electricity and gas in Makassar New Port, LNG installations in the Palu, Makassar, Bitung and Morotai Industrial areas, providing land for Asphalt Terminals in Samarinda, Makassar and Bitung and providing land for LPG terminal in Balikpapan, Maumere, Ternate, Sorong, Manokwari, and Merauke in Papua. While in Gorontalo, Pertamina will build an FSRU facility.
Pertamina‘ CEO Nicke Widyawati assessed that this synergy will be carried out in three business lines, namely the use of fuel in all ports, the use of Pertamina lubricants and the development of Retail LNG in Benoa Port, Bali.
“The use of fuel in the port area managed by Pelindo per year is approximately 360 thousand kiloliter. While, the use of lubricants is approximately 460 kl per year. Pertamina will also follow up on increasing cooperation in the use of the pier, service and delay,” said her.
Pelindo I’ CEO Bambang Eka Cahyana, expect the collaboration able to boost the performance in Kuala Tanjung Port to become the international hub, Dumai Port which becomes the largest CPO export port in Indonesia and with unit of Pertamina’ will develop Water Front City in Pekanbaru to encourage the tourism sector.
Meanwhile, CEO of Pelindo II Elvyn G Masassya noted the implemented in the business activities of both parties will provide added value for the products and services and provide optimal results. This was also acknowledged by the Pelindo III’ CEO Doso Agung, who stated that the synergy between SOEs could open opportunities in terms of providing fuel, bunkers and lubricants for Pelindo, including tugboat, guide, backfill services, maintenance and construction of the pier.
On the other side, CEO of PT Pelindo IV Farid Padang, added that the synergy could optimize Pertamina’ revenues. As for his company, it can optimize the company’s assets for fuel bunkers and gas storage, in addition to optimizing the assets of Pertamina’s tugboats and Pelindo for marine services that have been built so far.
But, he acknowledged that in terms of regulations, there was clarity in the rules and fulfillment of conditions based on package delay regulation and scouting up to now.
Written by Daniel Deha, Email: email@example.com