JAKARTA (RambuEnergy.c0m) – Indonesian state-owned energy company PT Pertamina has officially become the operator of Ogan Komering Block in South Sumatra from May 20, 2018, following the signing of production sharing contract (PSC) with the energy ministry on April 20, the company said.
Previously, the block was operated by PT Pertamina Hulu Energi (PHE), a subsidiary of Pertamina, in partnership with Jadestone Energy (Ogan Komering (Ltd. The previous PSC contract has expired on Feb. 28, 2018.
Unlike the previous contract, the block’s contract is based on gross-split PSC scheme, instead of PSC cost recovery, in which all costs are under the responsibility of the operator.
In addition, Pertamina has also officially become the operator of Tuban block in East Java, said PGE President Director Gunung Sardjono Hadi in a statement.
In 2018, Ogan Komering block is projected to produce 1,950 barrels of oil per day and 8.21 MMSCFD of gas (gross). In order to maintain production level, PHE has set plans to carry out well services, improve facilities and bring some wells to production phase.
Pertamina is also in the process of transfer of operatorship of Southeast Sumatra (SES) working area and North Sumatra Offshore (NSO) as well as Norh SUmatra Blcok B (NSB).
Followings are the PSCs that are being handed over to Pertamina subsidiaries, which are all based on gross split schemes:
|No||Working Area/Block||Contractor||Split||Investment Commitment in 1st 3 Years||Signature Bonus|
|1||TUBAN||PT Pertamina Hulu Energi Tuban East Java||Oil: 44%
|US$42.25 million||Rp5 million|
|2||OGAN KOMERING||PT Pertamina Hulu Energi Ogan Komering||Oil: 46%
|US$23.3 million||US$5 million|
|3||SANGA SANGA||PT Pertamina Hulu Sanga-Sanga||Oil: 51%
|US$237 million||US$10 million|
|4||SOUTHEAST SUMATRA||PT Pertamina Hulu Energi Offshore Souteast Sumatera||Oil: 31.5%
|US$130 million||US$10 million|
|5||NORTH SUMATRA OFFSHORE||PT Pertamina Hulu Energi NSO||Minyak: 35,5%
|US$18.5 million||US$1.5 million|
|6.||EAST KALIMANTAN & ATTAKA||PT Pertamina Hulu Kalimantan Timur||Minyak: 39%
|US$79.3 million||US$1 million|
(Mahakam merged with Tengah WK)
|PT Pertamina Hulu Mahakam||US$26.1 million||US$1 million|
|Total||US$556.45 million||US$33.5 million|