Migas Block Rules Termination Proof of Support For Pertamina

INDUSTRY co.id - Jakarta - Regulation of the Minister of Energy and Mineral Resources (ESDM) Number 23 Year 2018 on Management of Oil and Gas Working Areas Ending the Samanya Working Contract is a concrete effort to implement the mandate of Article 33 of the 1945 Constitution. The main spirit of this regulation in order to encourage greater results of oil and gas management for the country.
With respect to the Working Areas (WK) or oil and gas blocks that will expire in its contracts, the government wants its production levels not to fall, and the block management work program should provide greater benefits to the state.
"The work program for the management of oil and gas termination work areas must be maintained in quality both from technical and financial aspects, and should still give greater results for the country If the result is greater, the state revenue is also better, the benefits for the country are also getting bigger , "explained Agung Pribadi, Head of Communications Bureau, Public Information Services and Cooperation, Ministry of Energy and Mineral Resources.
On the basis of that Agung is not true that the Permen 23/2018 is pro-foreign and does not provide an opportunity to PT Pertamina to manage WK oil and gas termination. According to Agung, Pertamina is able to obtain the right to manage WK oil and gas termination.
"Pertamina can apply for the management of oil and gas blocks and will be evaluated by the Ministry of Energy and Mineral Resources and inter-agency team," Agung said.
Article 13 of ESDM Ministerial Regulation Number 23/2018 that the ESDM Minister will determine the management of the termination blocks. "The determination would be a reference to the proposals that provide greater benefits to the state, according to the mandate of the constitution and this is our priority," Agung added.
The government strongly supports Pertamina to become a large oil and gas company that is calculated in the global arena. Concrete evidence of such support is the granting of the right to manage 10 WK Termination to Pertamina since 2017 until now.
The ten oil and gas workers are ONWJ, Mahakam, Tengah, Attaka, East Kalimantan, NSO, Sanga-Southeast Sumatra, Tuban and Ogan Komering.
From the management of WK Mahakam, it is predicted that Pertamina will get an additional net income of around Rp 7-8 trillion per year. From 8 other blocks, can get additional Rp 1 trillion to Rp 2 trillion. This means that from the right to manage 10 blocks of oil and gas termination Pertamina can get additional revenue of about Rp 10 trillion per year, 20 years.
Responding to the Government's policy through Minister of Energy and Mineral Resources No. 23 of 2018, Pertamina Managing Director (Plt), Nicke Widyawati, conveyed positive response and support.
"The Minister of Energy and Mineral Resources No. 23/2018 encourages Pertamina's professionalism and competitiveness, so that the Company has a stronger foundation to grow bigger, with Pertamina still having the opportunity to get WK Termination As part of the Government Pertamina has the same task greater benefits for the country, "added Nicke.