Ini daerah IDD - Selat Makassar.
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Salam,
Nuning




Sent from Samsung Galaxy Note"'Yanto R. Sumantri' yrs_...@yahoo.com 
[poverepertaminagroup]" <poverepertaminagr...@yahoogroups.com> wrote:Ada berita 
dibawah ini :

Apakah ada yang mengetahui daerah/blok mana yang dimaksud ?
Dan,mengapa sepertinya masih ada persoalan "ijin"?

si Abah 

The government may soon agree on assistance to help US oil and gas giant 
Chevron realize its US$12 billion-investment project, which has been held up by 
permit issues, newly appointed Coordinating Economic Minister Chairul Tanjung 
has said.

Chairul said on Monday that he had discussed Chevron’s stalled investment 
project with President Susilo Bambang Yudhoyono and that he would soon 
coordinate with the related ministries to find a solution.

Chairul quoted Chevron CEO for Asia Pacific as saying that the company would 
allocate its $12 billion-budget for a deep water drilling project to another 
country with less hurdles, if a solution could not be reached by the end of 
this month.

“The CEO told me in the Philippines [on the sidelines of the World Economic 
Forum on East Asia] that Chevron had allocated the billion-dollar investment 
budget to Indonesia, but it was still on hold,” Chairul said after a 
coordination meeting, on food price stabilization ahead of Ramadhan fasting 
month, at his Jakarta office.

The government will not let the billion dollar-investment be canceled, he 
stressed.

Chevron obtained approval in 2008 for a plan of development (POD) for the $12 
billion-project, known as the Indonesia Deepwater Development (IDD) project.

The project involves four production sharing contracts (PSCs) namely Ganal, 
Rapak, Makassar Strait and Muara Bakau.

Red tape and legal uncertainty are the major issues for most of oil and gas 
companies operating in Indonesia, said ConocoPhillips Indonesia president and 
general managers Eric Isaacson.

It took up to two weeks for certification, 24 to 30 months to obtain approval 
for a contract and six to 12 months to obtain transportation approval, 
according to him.

Isaacson also said that contract extension would take longer and the decisions 
were usually around the end of contracts.

“The government must decide on quicker contract extensions and support new oil 
and gas exploration in difficult areas,” he added.

Oil and gas companies averagely took between eight and 14 years to find oil in 
the country, according to Isaacson.

Indonesian Petroleum Association (IPA) chairman Lukman Mahfoedz shared the same 
view, adding that legal certainty, particularly on contract statuses for oil 
and gas block projects, remain the main challenge for many oil and gas 
companies operating in the country.

“There are 20 oil and gas cooperation contracts [KKKS] which will expire in 
five years with no certainty whether they will be extended or not,” Lukman said 
during the 38th Indonesian Petroleum Association (IPA) convention and 
exhibition last week.

The contracts are of great importance, he added, because the 20 KKKS firms 
produced 635,000 barrels of oil per day last year or around 30 percent of the 
country’s total oil production that is currently facing major proudctivity 
issues due to ageing fields.

As previously reported, Chevron has asked the government to extend the end of 
the Makassar Strait PSC from 2020 to 2028, to match the other three PSCs that 
expire in 2028.

The Energy and Mineral Resources Ministry’s oil and gas director general Edy 
Hermantoro has said that the government would soon decide the extension of the 
contract and that the government has approved the Authorization of Financial 
Expenditure (AFE) for the project.


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Posted by: "Yanto R. Sumantri" <yrs_...@yahoo.com>
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