Andalusia Bumi Energi

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Andalusia Bumi Energi

  1. 1. 1. OIL & GAS INDUSTRY HAS PLAYED A CRUCIAL ROLE IN THEINDONESIA ECONOMIC DEVELOPMENT.2. BY THE END OF 2012, THE INDUSTRY IS ACCOUNTED 1/4 OFCOUNTRIES GDP, (GREW 3-6 % ANNUAL RATE) 30 % OFGOVERNMENT REVENUES (US$ 30-35 BILLION), AND ½ OFMERCHANDIZED EXPORTS3. INDONESIA IS RANKED HIGH IN THE SOUTH EAST ASIA REGIONFOR OIL AND GAS INVESTMENT AND 9TH MAJOR DESTINATIONFOR FOREIGN DIRECT INVESTMENT BECAUSE :PROMISING PROSPECT (OIL : 7,408 MMSTB & GAS : 151 TCF)INCREASING NEW PETROLEUM BLOCK (350 BLOCKS INOPERATION)PROVIDING LARGE BENEFIT THROUGH PRODUCTION SHARINGCONTRACT SYSTEMPROMOTING FAVORABLE INVESTMENT INCENTIVESPRO MOTING EQUAL OPPORTUNITY FOR ANY PETROLEUMINVESTMENTINVESTMENT PROSPECTIVITY
  2. 2. 3469215765964024966720OIL & CONDENSATE (IN THOUSANDMSTB)P1 P2 P3 TOTAL3.741 1.939 1.728 7.408*) P1+P2+P3 Status as of 1 Januari 2012OpportunitiesIndonesia’s Oil and Condensate Reserves *)INDONESIA OIL & CONDENSATE RESERVES
  3. 3. 42.579.282.9850.2724.14NATUNA7.08NORTH SUMATRA15.2116.03CENTRAL SUMATRAACEH (NAD)SOUTH SUMATRAWEST JAVA5.26EAST JAVAEAST BORNEOCELEBESMOLUCCASPAPUA(Advance Resources Interational, Inc., 2003 processed)PROVEN = 103.35 TSCFPOTENTIAL = 47.35 TSCFTOTAL = 150.70 TSCFCBM RESOURCES = 453.30 TCFGAS RESERVES(As of January 1st 2012)Total CBM Basin = 11(Advance Resources International, Inc., 2003)Contract Signed up to 2012 : 54CBM PSCsSHALE GAS POTENTIAL1.2316.65The Government iscurrently doing prelimi narystudy & collecting dataabout Shale Gas potential inIndonesiaINDONESIA GAS RESOURCES & RESERVES
  4. 4. With the sharply increase of fuel demand and energy security the GOI needs to findmore proven resources & maintain stable existing oil & gas production. THEREFORE,THE GOI IS INVITE NEW INVESTOR TO DEVELOP ABUNDANT PETROLEUMINVESTMENT PERFORMANCE
  5. 5. First Break, Vol.25, Oct.,2007LowcostFINDING & DEVELOPMENT COSTS PER BOE
  6. 6. INDONESIA HAS LOW PRODUCTION COST3.003.504.004.505.005.506.006.507.002002 2003 2004 2005 2006 2007US$perBOEProduction CostUSAWorldwideIndonesiaSource: Performance Profiles of Major Energy Producers 2006, Energy Information Agency (EIA)INDONESIA HAS LOW PRODUCTION COST
  7. 7. NET INCOME PER BOE$0.00$3.00$6.00$9.00$12.00$15.00$18.002002 2003 2004 2005 20061. Worldwide 2. United States 3. Canada 4. Europe5. Africa & Middle East 6. Asia-Pacific 7. South & Central America 8. Russia & Caspian$/boe2468First Break, Vol.25, Oct.,2007.
  8. 8. PRODUCTION SHARING CONTRACT SYSTEM. OILPROJECT : 85% (GOI) & 15 (PSC) AND GAS : 70 %GOVERNMENT OF INDONESIASIDE• Fulfilling energy demand• Finding more resourcesand transfer it provenreserves• Maintaining productionoutput• Optimizing Cost ofPetroleum Operations• National/ LocalCapability and Capacityenhancement• Maintaining Macroeconomic growth• Securing of EnergySupply• Optimized GOI TakeINVESTORS SIDE• Rights to Monetize• Stability of Contract/Contract sanctity• EnforceableInternationalArbitration• Competitive PSCfiscal regime• Legal Certainty• Accessing to Blocks• Optimizing PortfolioMUTUAL BENEFIT ON THE BUSINESS
  9. 9. CONTRACTOR has technical competence and professional skillsnecessary to carry out the Petroleum Operations .CONTRACTOR shall be responsible to SKKMIGAS for theexecution of such operations in accordance with the provisionsof the PSCCONTRACTOR shall carry the risk of Operating Costs requiredin carrying out operations and shall therefore have an economicinterest in the development of the Petroleum deposits in theContract Area.SKKMIGAS shall have and be responsible for the managementof the operations contemplated hereunder.CONTRACTOR will recover all Operating Costs out of the salesproceeds or disposition of the required quantity of Crude Oilequal in value to such Operating Costs. Operating Costs meansexpenditures made and obligations incurred in carrying out
  10. 10. SEGERA!DIRECTORATE OF OIL AND GAS10 % OFINDONESIAPARTICIPATIONJOINTSTUDYTENDERFORNEW BLOCKAPPROVALOFPLAN OFDEVELOPMENTMONITORINGFIRMCOMMITMENTSIGNINGOFPSC CONTRACTPROJECTDEVELOPMENTPRODUCTIONOIL85 : 15GAS70 : 30PLAN OFDEVELOPMENTPROCESSCOST RECOVERY : SUNKCOST, CAPITAL AND OPERATION COSTBY PSCSKKMIGASMINISTRY OF EMREXPLOITATIONBASIC : AFE AND WP&BANDALUSIA BUMI ENERGI
  11. 11. Western part• 20 prospects and 40 leads in Mesozoic; 3 leads in Palezoic.• Average Geological Chance Factors 23% (Moderately Risk)• Total Risked Resources 0.39 BBO + 5.7 TCF.Eastern partDEEP WATER (>200M) IN THE EASTERN PART
  12. 12. 14PRIVATE AND CONFIDENTIAL1829 2 391361089355 5988050100150200MBOEPD2013 2014 2015 2016 2017 2018 2019SumpalRubyPeciko7CPeciko7BSisiNubi2BMadura BDANDE-ANDELUMUTBanyu UripKepodangBukit TuaJANGKRIKSenoroIDD -BangkaIDD –GehemHubMaselaTangguhTrain 3GasoILIDD –GendaloHubMDA-MBHMajor future oil &gas projects will be dominated by gas prospect in offshoreareasANDALUSIA INTEREST
  13. 13. HEAVY OILPROJECTANDE-ANDE LUMUT SITECONTRACT DURATION12 DECE 2004- 11 DEC 2034(30 YEARS). PROVEDRESERVE 43 MMBO
  14. 14. • POD has been approved on November30, 2011• The Oil with approximately 25.000 to(potential figures) 40.000 BOPD to beproduced from wellhead platform which isto be bridge linked to FPSO for furtherstorage & offloading• 6 initial development well will be drilledusing a jack up rig• First Production stream is expected on Q-32015 (delay from planned 2014 )APPROVED EXPENDITURE 2013 IS US$ 29 MILLIONSALDO UNRECOVERED COST US$ 89 MILLIONTOTAL PROJECT INVESTMENT : 1,521 BILLION
  15. 15. Low Cost & Low ImpactSupply ATK, Toileteries,Cattering, Cleaning Service, Antar jemput PegawaiPenyewaan Kendaran, Rumah Dinas, GudangPerbaikan Jalan, Penimbunan TanahSupply Tenaga Kerja (Security, Bila diperlukan kerjasama dengan BPD untuk pendanaanLow Cost High ImpactAMDAL, UKL/ UPLJasa Inspeksi NDT Kerjasama dengan Universitas, Perusahaan untukKnowledge & Skill Development Kerjasana dengan BPD untuk pendanaanOVERALL SCHEME OF THE PROJECTSTORAGEANDOFFLOADINGFPSOCENTRALPROCESSINOVERALL PROJECT SCHEME
  16. 16. 19PRIVATE AND CONFIDENTIALNOCRITERIA DESCRIPTION1 FIELD ANDE ANDE LUMUT2 PSC AWE (AUSTRALIAN)3 BLOCK AREAS NORTHWEST NATUNA4 POD APPROAVL 30/11/20115 ONSTREAMTARGET(POD)2014-20156 ONSTREAM (FORECAST) Q1 - 2015REALIZATION OF EXPENDITURE VS POD VALUESUNKCOST(MMUS$)INVESTMENT(MM US$)OPEX+ASR(MMUS$)TOTALNILAI POD(MM US$)EXPENDITURRREALIZATION(MM US$)PERSENTASE REALISASI EXP.TERHADAP TOTAL NILAI POD49.50 599.80 871.901,521.2089 5.85 %MAIN ISSUESo PRODUCTION TARGET IS DELAYEDFROM 2014 TO Q-3 2015 DUE FARMOUT PROCESS FROM GENTING OIL TOAWE.o PROCUREMENT ISSUES SHOULD BEDEVELOPED BY FEED COMBINEDAPPROACH.o FPSO LEASED MUST BE INDONESIANFLAG BASED ON LAW NO 17/2008REGARDING SHIPPINGo 10 % FARM OUT SHOULD BETRANSFRRED TO LOCALENTERPRENEURSHIP AUTHORITIESSCOPE OF ACTIVITYPLAN OF DEVELOPMENT REALIZATIONDrilling : 43 wellsProduction Facilitieso 1 Wellhead Platform constructiono FPSO aframax typesBASIC OF DEESIGN HAS BEENCOMPLETED. FEED WELL HEADPLATFOM AND COMBINED FEED +LEASED FPSO IS BEING TENDERED.TARGET OF PRODUCTION BASED ONPOD)NO PARAMETER DESCRIPTION1 CUMULATIVEPRODUCTIONOil : 43.5 MMbbl2 INITIALPRODEUCTIONRATEOil : 5 Mbopd3 PEAK OFPRODUCTIONOil : 25 Mbopd4 PRODUCTIONDURATION10 YEARSCURRENT PROJECT STATUS
  17. 17. 20• JV Eni 55% and GSZ 45% Discovery wells: Jangkrik-1 - Mar 2009Jangkrik NE-1 - Jul 2011 Location: Kutei Basin, 70 Kmoffshore East Kalimantan450 m W.D.• Jangkrik field POD I approved in Nov2011• Jangkrik NE POD II submitted in Oct18, 2012• Production Plan : q2 2015– 300 mmscfdJangkrik NEBontang LNGOVERVIEW JANGKRIK PROJECT
  18. 18. 21PRIVATE AND CONFIDENTIALNO CRITERIA DESCRIPTION1 FIELD JANGKRIK2 PSC ENI MUARA BAKAU3 BLOCK AREAS MUARA BAKAU4 APOPROVAL POD 30/12/20115 ONSTREAM TARGET 20156 ONSTREAM (FORECAST) Q3 - 2015REALISASI EXPENDITURE VS NILAI PODSUNKCOST(MMUS$)INVESTMENT(MM US$)OPEX+ASR(MM US$)TOTAL PODVALUE (MMUS$)REALISATIONNEXPENDITURE(MM US$)PERCENTAGE OFREALIZATION TO PODVALUE235.10 2.14 0.78 238.02 513.16 215.60%Main issuesSharing facility (gas &kondensat) with the eastkalimantan pipe linesystem operating by TotalE&P IndonesieSCOPE OF ACTIVITYPLAN OF DEVELOPMENT REALIZATIONDrilling :o Re-entry 3 eksisting wellso 4 development wellProduction Facilities :o FPU development 300 MMscfd incapacitieso Gas & Kondensat pipelineo Onshore Receiving Facilitieso constructionBasic Engineering100% completedo PQ tender approved 25 Mei2012TARGET OF PRODUCTION (POD)NO PARAMETER DESCRIPTION1 CUMULATIVEOFPRODUCTIONGas : 913 BSCFKond : 738 Mbbl2 INITIASLPRODUCTIONGas : 288 BscfKond : 488 bcpd3 PEAKPRODUCTIONGas : 288 MMscfdKond : 488 bcpd4 DURATION OFPRODUCTION14 YEARSCURRENT PROJECT STATUS
  19. 19. • JANGKRIK TIE-IN SCOPE OF WORKTie-ins : Tie-in 1a gas line : 24” JKK to 42” PCK-BDK at km 7 Tie-in 1b condensate line : 6” JKK to 12” HDL-PCKLiquid line at km 7 Tie-in 2 gas line : 20” new gas line to 20” HDL-NLMat km 21.653 new lines : 24” Onshore Jangkrik Gas Line : Landfall to km 7 6” Onshore Jangkrik Condensate Line : Landfall tokm 7 20” New Gas Line : Onshore receiving facility ORF(200m from km7) to km 21.65Jangkrik development under PSC Muara Bakau, consist of Jangkrik-1 and Jangkrik North EastLocation : Kutei Basin, 70 km offshore East Kalimantan, 450 mWDCapacity 450 MMscfdJangkrik field POD approved in November 2011Basic Engineering completed in May 2012Jangkrik NE POD II approval January 2013FEED-EPCI 1 and 2 (FPU and Export Pipelines) bid plansapproved by BPMIGAS on July 2012. EPC 3 (SPS) bid planapproved by BPMIGAS and under tender processProject FID targeted by 4Q 2013First Gas 2016 (subject to FPU Delivery) at the earliestTie in 1a/bTie-in 222PIPELINE TIE IN PROGRAM
  20. 20. MINISTRYOF FINANCESTATEREVENUEOPPORTUNITYJOINT STUDYNEW BLOCKFARM OUT/FARM INPSC ACQUISITIONUPSTREAMTHE PETROLEUM BUSINESS IN INDONESIA TODAY IS VERY DYNAMIC.MANY BUSINESS OPPORTUNITIES ARE OPEN FOR INVESTMENT.MINISTRY OFENERGY & MRDIRECTORATE GENERALOIL AND GASDOWNSTREAM-PIPELINE FEE-- REFINERYSERVICES COMPANYRELATED BUSINESS OPPORTUNITIESSKKMIGAS AND PERTAMINACOORDINATIONRELATED BUSINESS OPPORTUNITYLIFTING TANKER
  21. 21. OVERALL PROJECT SCHEMEJOINT STUDYINVESTOR TO DO THE STUDY AND DEVELOP IDENTIFIED HYDROCARBONSITE WITHIN STUDY AREASNEW PETROLEUM BLOCKINVESTOR PARTICIPATION THROUGH TENDER PROCESS (TWICE A YEAR)FARM OUT/FARM ININVESTOR JOINT WITH LOCAL AUTHORITY TO GET 10 % INDONESIAPARTICIPATION OR INVESTOR JOINT TO PSC FOR PARTICIPATION ANYFARM OUT OFFERINGPSC ACQUISITIONINVESTOR TO BUY 100 % PSC SHARE (IT CAN BE INDIVIDU OR JOINTVENTURE WITH OTHER INVESTOR)VESSEL TANKERINVESTOR JOINT WITH PERTAMINA TO BUILD NEW VESSEL TANKER ORVIA PARTNERSHIP MODELSERVICE COMPANYINVESTOR ESTABLISH SERVICE COMPANY IN INDONESIA FOREXPLORATION OR EXPLOITATION SCOPE

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