performance n 2013 work program

7/28/2019 Performance n 2013 Work Program

1/40

2013 WORK PROGRAM

Rudi Rubiandini R. S.Chairman of SKK Migas

Presented on Luncheon Talk IPA 2013

PRIVATE AND CONFIDENTIAL

,


2/40

AGENDA

2. 2012 Exploration Performance

tsreserved

.

4. 2013 Work Program

SKKMIGASAllrig

.

2013


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AGENDA 1. 2012 Production Performance

tsreserved

SKKMIGASAllrig

2013


4/40

2000

INDONESIAN OIL & GAS PRODUCTION PROFILE

1586

1683

1631

15891587

1624

1575

16121624

1574

PEAK1977PEAK1977

Plateau stagePlateau stage

PEAK1995PEAK1995

1214

1264

130213021327

13971404

1316

1364

1267

1229

1366

15221501

14681462

1373

1408

1499 14981496

1240

1375

1460

15001500

1336

1373

1305

1506

1288

1407

1519

13381362

1445

1303

1387

1539

1491

1535 1537

1500

1415

1341

1252

1500

847

904

966

1056

853

889

1082

1147

1096

1062

1006

954977

949 945

902

861830

900

100010101010

1000

MBOEPD

488512

550 544

585

744773

466

569601

742

500

Decline 3-5%

57 57 5974

91 99109

153

266

401


0

19

66

19

67

19

68

19

69

19

70

19

71

19

72

19

73

19

74

19

75

19

76

19

77

19

78

19

79

19

80

19

81

19

82

19

83

19

84

19

85

19

86

19

87

19

88

19

89

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

YEAR Oil Gas4*)Outlook per29Januari 2013


5/40

OIL AND CONDENSATE PRODUCTION(BOPD)

PRIVATE AND CONFIDENTIAL 5


6/40

GAS PRODUCTION AND DISTRIBUTION(MMSCFD)



7/40

OIL PRODUCTION DISRUPTION IN 2012

Cause of Unachieved Production on rac ors

Facility Disruption (Unplanned Shutdown)

Decline of Subsurface potential (Unpredicted Decline)

Subsurface problems (sand, wax, skin, and water

on rac ex ens on s a us a mp ca es ondrilling scenario shifting

Rig Procurement Postponed

Land acquisition

Project Retard and New Project Postponed

Permit Postponed

Operational Disruption (Unfinished Completion)

Limited Facilit

Realization of development well production does notfulfill target (Subsurface ability)

Abandonementof PUO and Gegerkalong Field(not economically viable)

PRIVATE AND CONFIDENTIAL7


8/40

PSC CONTRACTORS OIL PRODUCTION 2013PER 27 JANUARY 2013 (BOPD)

41OtherPSC39,7%

ChevronPacificMobilCepuLtd.,

24,083

PetroChina

Jabung,16,345

., , on rac ors,

120,817

.

PERTAMINA

TotalE&P

Ind.;

327.692

ConocoPhillipsInd.,

CICO,26,910

CNOOCSES

ConocoPhillipsInd.

CICO

CNOOCSES,36,331

,

MobilCepuLtd.

PetroChinaJabung

VicoInd.

PERTAMINA,

120,798

TotalE&P;

64.788

PHE ONWJ,38,17841

KKKS

Lainnya


14,6%7,8%

8


9/40

PSC CONTRACTORS GAS PRODUCTION 2013PER 27 JANUARY 2013 (MMSCFD)

43OtherPSC

20,8%

Indonesie,

1,693.98PetroChinaJabung,264.99

PHE ONWJ,212.46Contractors,

1,208

BPBerau

PERTAMINA

ConocoPhilli sGrissik

BPBerau,

1,219.51ExxonMobilOil,

Kangean Energy,

294.99ConocoPhillipsInd.Ltd.

VicoInd.

ExxonMobilOil

Vico Ind.,

380.68

.KangeanEnergy

PetroChinaJabung

PHE ONWJ

15,0%

PERTAMINA,1,049.25

ConocoPhillips

Grissik,

1,027.02

ConocoPhillipsInd.Ltd.,

432.94

43KKKS

Lainnya

12,9%


12,6%


10/40

AGENDA .

tsreserved

SKKMIGASAllr

ig

2013


11/40

Disturbance of Firm Commitment Impelemntation in 2012

(WA 3 Years)OIL

&

GAS

EXPLORATION

WA

3years : 119WA33%TUMPANGTINDIH,PERIZINAN,SOSIAL

MASYARAKAT,OPERASILAPANGAN

OVERLAPPING, PERMIT, SOCIAL,

OPERATIONS

24%INTERNALKKKS(OPERATORSHIP,FINANSIAL,PRIORITASHOLDING)18

INTERNAL PSC CONTRACTOR

(OPERATORSHIP, FONANCIAL,

PRIORITY HOLDING)

21%

KETIDAKTERSEDIAANDATAG&G

KETIDAKTERSEDIAANALAT&JASA

PENUNJANG42UNAVAILABILITY OF SUPPORTING

GOODS AND SERVICES

8%KOMPLEKSITASBAWAHPERMUKAANYANGMEMERLUKANSTUDIGGR

545

COMPLEXITY OF SUB SURFACE NEEDS

MORE GGR STUDY

ExplorationWAFulfilledFirmCommitment

ExplorationWAinTerminationProcess

0% 5% 10% 15% 20% 25% 30% 35%


ExplorationWA

Eksplorasi

Have

Not

Fulfilled

Firm

Commitment

ExplorationWAinFulfillingFirmCommitment


12/40

Realization of Drill ing, Workover, And

-

ACTIVITIES WP&B 2012 REALIZATION %

Ex loration Drillin 236 119 50

Development Drilling 905 840 93

Workove Activities 767 740 96

Well Services 13.719 11.323 83



13/40

EXPLORATION WELL DICOVERY (CONVENTIONAL)2002 - 2012

2011*terdapat1sumuryangmasihmempunyaikendalaoperasi

2012**Status31Desember 2012


*)Statusper 31Desember2012


14/40

TYPE OF EXPLORATION WELL DICOVERY (CONVENTIONAL)2002 - 2012


*)Statusper31Desember2012


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Reserves Replacement Ratio

OIL & GAS

310%

350%

250%

180%

130% 127%150%

200%

62% 62%82%

52%69%

100%

23%

0%

PRIVATE AND CONFIDENTIAL2010BPMIGAS Allrightsreserved

RRR OIL(%) RRR GAS(%)


16/40

RRR Oil @ 2012 = 52 % and Gas = 127 %

OIL AND GAS RESERVE

Proven Reserve Per 01 01 2012(P1)

.

Gas (TSCF) 103.44

(+)

Additional Reserve fromPOD/POFD/POP 2012

Proven (P1) *

2012 Production

(

)Oil (MMBO) 314.67 164.28

Gas (TSCF) 3.79Gas (TSCF) 2.98

*) Estimate Risked Reserve 2P from

in early 2013(P1)

Oil (MMBO)

50POD approved in 2012


.

Gas (TSCF) 104.25

16


17/40

Fiscal Scheme Pushed By Proven Oil and Gas

Reserves PortfolioProvenReserves(byCountry)

PRIVATE AND CONFIDENTIAL*) Sumber: OPEC Annual Statistical Bulletin, 2012


18/40

.

tsreserved

SKKMIGASAllrig


2013


19/40

TARGET VS ACTUAL 2012

US$34.9million

90%

110% 91% 92% 91%

Realisasiement

Actual

50%

70%

Achie

10%

30%%

GOITake

BOE Oil GasUS$33.5

million



20/40

REVENUE DISTRIBUTION PROFILE OF OIL AND GAS SECTOR

2,204 2,255 2,254 2,282 2,326 2,2192,050 2,033 2,158 2,067 2,097 2,200

2,400

80,000

90,000

54,152

60,796

61,065

1,600

1,800

2,000

60,000

70,000

335,3

02

0 26,497

35,7

98

34,9

34

32,051

36,29438,707

35,752

45,869

1,000

1,200

,

30,000

40,000

50,000

MBOE/

JutaUS$

7,413 8,1128,710

9,339

10,10911,763

15,341 15,715

9,6

33

10,845

13,675

19,7

97

22,6

3

23,7

19,95

16,66519,019

,

200

400

600

10,000

20,000

1,972 2,167 3,077 4,691 5,544 6,204

9,512

5,694

7,608

9,657 10,4164,463 5,661,

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012*

NetContractorShare CostRecovery IndonesiaShare GrossRevenue Lifting(Mboe/d) Inc.DC.Exc


Catatan:

*)2012dataistemporaryPSCContractorfinancialdataper21January2013(statementperiode JanDec12)

20052011

data

is

from

Unaudited

PSC

Contractor

Joint

Financial

Statement


21/40

GOI TAKE PROFILE 2012%GOI TAKE : GOI TAKE TO GROSS REVENUE

80%79%

80%

90%%GOITAKE

72% 72% 71% 71% 71%69%

66% 66% 66%

63% 62% 62%61% 60% 60% 60% 59% 59% 59%

58%56%

54% 54%53% 52% 52% 52% 52% 52% 52%

51%50% 50%

47% 47%50%

60%

70%

AVERAGE:57%

44%

37%

35%

26%

20%

30%

40%

15% 15% 14%13% 13% 13% 13% 12% 12%

11% 11% 10% 10% 10%8% 8% 8% 8% 8%

8%7%

6%

0%

10%


Catatan:

*)Temporary

PSC

Contractors

Financial

Data

per

28

January

2013

(statement

periode Jan

Des12)


22/40

INCREASING GAS DISTRIBUTION TO DOMESTICIncreased >250% in 8 Years

4,500

5,000

3,500

4,000 Tangguh

710BBTUD Tangguh

846 BBTUD

4,3

97

4,4

16

4,20

2

008

20 5 1 4

,336

,078

2 70

50 020 4

,560

2,000

2,500

,

BBTUD

4,

3,8

3,7

3,6

8 4

3,6

93,

3,

3 2,341

2,5

27

2,913

3,3

23

3,379

3,2

67

3,61 4

,

1,000

1,500

1,48

1,46

1,51

500

*


Ekspor DomestikExport Domestic

22*)

2012

data

based

on

actual

data

until November

2012


23/40

SOCIAL AND ENVIRONMENT ACTIVITIESIncreasing Operational Support Programs

Realisasi

KepMen ESDM

ChairmanofBPMIGAS

GuidelineNo.0181on

OperationalSupportProgramsActual

186.7231.1

311305.2300

onRp

No22/2008on

NegativeList

on

CostRecovery

86.2

.

97.5

.

100

200Bill

0

2005 2006 2007 2008 2009 2010 2011 2012*

Notes:

1. In2008,withtheissuanceofMinisterialRegulationNo.22/2008oncoststhatnotincludedincostrecovery,resultedinthedeclineofCSR

activities

2. In2010,withtheissuanceofGovernmentRegulation79/2010oncostrecoveryandtaxintheupstreamsector,resultedinthedeclineofCSR


ac v es

3. In2011,theChairmanofBPMIGASissed GuidelineNomor 0181,resultinginanincreaseofCSRactivities.

23


24/40

(ApprovedbyBPMIGASandPSCContractors)

2006 2012

PROCUREMENT & LOCAL CONTENT COMMITMENT

90%

100%

16,000

18,000

54% 49%

63%61% 60%

60%

70%

80%

12,000

14,000

43% 43%

40%

50%

6,000

8,000

10,000

lion

US$

10%

20%

2,000

4,000Mil

2006 2007 2008 2009 2010 2011 Dec-12

J asa 5862 4737 6568 5408 6976 8109 11388

Barang 995 1846 1400 3577 3811 3706 4965

0%0



25/40

UPSTREAM OIL AND GAS EFFICIENICY2009 - 2012

140

ProcurementSharingSaving(US$Million) InventoryandAssetOptimalization (US$

103

124

100

120

37

40

43

40

50

71

60

80

Realisasi

2830

Realisasi

33

20

40

10

20

0

2009 2010 2011 20120

2009 2010 2011 2012



26/40

THE VALUE OF PROCUREMENT TRANSACTION THROUGHSTATE OWNED OR LOCAL OWNED BANK

April December2012(MillionUS$)YearlyTransactionCommitment(BillionUS$)

$522.35$16.290%

$491.292%

.0%

$32.240%

9,337.9010,000

$3,670.02

15%

, .7%

1 Mandiri

2 BNI

3 BRI

6,348.63

6,000

8,000

$17,809.0174%

4 Syariah Mandiri

5 Mandiri/BNI

6 Mandiri & BRI

3,969.68

4,626.21

4,000

Total April 2009 s.d. Desember 2012:

8 BUMD

0

2,000

2009 2010 2011 Dec-12 Total from April 2009 to December 2012

PRIVATE AND CONFIDENTIALPRIVATE AND CONFIDENTIAL

US$ 24,28 Miliar

26

US$24.28 Billion


27/40

ASR FUND IN STATE OWNED BAND

350

Cumulative ASR Fund(Million US$)

Total ASR Fund

301300

$ 71,645,024.91

167

232

200

, , .36.36%

23.82%

BANK RAKYAT INDONESIA

134

100

150

BANK NEGARA INDONESIA

0

50

'

$ 119,810,305.8839.83%


*)Statusper30November2012


28/40

AGENDA .

tsreserved

SKKMIGASAll

rig

2013


29/40

TARGET 2013

2013APBNTARGET

OilLifting900MBOPD 2260 MBOEPD

WP&B

2013

GasLifting7890 BBTUD

CostRecover

-CR & -Share

USD15,5 Billion

GOITake 31,7 Miliar USD

US$ 31,7 Billion



30/40

Revised@Januari 20132013 TARGET

No PARAMETER SATUAN TARGET

1 Oil Lifting [MBOPD] 830 - 850

2 Gas Lifting [MMSCFD] 6.939

[BBTUD] 7.715

[MBOEPD] 1.240

3 Oil and Gas Lifting [MBOEPD] 2.070 2.090

4 CostRecovery [Billion US$] 16,5 17,9

5 GOI Take [Billion US$] 27,9 29,5

*) OIL Price Assumption: US$105/bbl


GAS Price Assumption : US$9,35/mmbtu


31/40


32/40

UPSTREAM OIL AND GAS PROJECT GAS

2013 in MMSCFD

No Lapangan AVG20132013

1 Anoa(PremierOilNatunaSeaBV) 37.0 37.0 37.0 37.0 37.0 37.0 18.5POD

/POP

ON

STREAM

2013

. . . . . . . . . . .

3 Gundih (Pertamina EP) 40.0 40.0 40.0 10.0

4 Letang,Tengah,rawa(COPIGrissikLtd) 41.3 41.3 41.3 41.3 41.3 41.3 20.6

5 PondokMakmurPhase1(PertaminaEP) 1.8 1.8 1.8 1.8 1.8 1.8 0.9

6 Ruby(Pearl OilSebukuLtd.) 20 20 20 60.0 60.0 60.0 20.0

7 SouthMahakam(TotalE&PIndonesie) 120 120 120 190 190 190 215 215 215 240 240.0 240.0 191.3

8 SumpalPhase2(COPIGrissikLtd) 56.1 56.1 56.1 56.1 56.1 56.1 28.1

9 GrissikDebotlenecking(COPIGrissikLtd) 130 130 130 130 130 130 130 75.8

10 KampungBaru(EnergyEquityEpic(Sengkang)) 12 12 12 18 18 18 18 18 18 18 18 18 16.5

280 278 275 273 271 269 266 264 262 260 258 255 268POD/POP onstream2012RampUp


412 410 407 482 480 608 790 788 785 888 886 884 652

6601 6542 6484 6426 6369 6312 6256 6200 6145 6090 6036 5982 6287

7013 6952 6891 6909 6849 6920 7046 6988 6930 6978 6922 6866 6939EXISTINGtanpanewProject(Decline 10.7%/tahun)

TOTAL

TOTALPOD/POP


33/40

EXPLORATION DRILLING

Pro ram And Realization - 2013



34/40

DEVELOPMENT DRILLING

Pro ram And Realization - 2013



35/40

Planning of Survey, Dril ling, & Workover Activities, AndContribution To Production in 2013 (*)

ACTIVITIES WP&B 2013 Realization (**) Additional Production

OIL

(BOPD)

GAS

(MMSCFD)

Seismic 2D 18.751 km 138 km

Seismic 3D 22.298 km2 102km2

Survey andOthers 7

Activities 2

Activities

ExplorationDrilling 258wells 5wells

DevelopmentDrilling 1.178wells 35wells 74.444 587(*)

Berdasarkan Hasil WP&B 2013(**) Realisasi sampai dengan tanggal 25 J anuari 2013Workover 1.094wells 55

wells 46.274 350


* Based on WP&B 2013(**) Realization as per 25 J anuari2013


36/40

SKKMIGAS OBJECTIVE


37/40

SKKMIGAS OBJECTIVE

ObjectiveSKKMigasEffortPresidentReferrals

LONG TERM

1.Put forward integrity

1. Formulate a technical andmanagement breakthrough to

optimize short term oil and gasproduction and increase reserves toachieve the futures productiontarget.

.discovery through massiveexploration activity.

MIDDLE TERM

2. Objectify PSC Contractors effort to

2.Prioritizeprofessionalism 2. Evaluate goods and serviceprocurement.

3. Improve coordination with other

especially EOR.

3. Improve national capacity in oil andgas industry.

.organization

4.Restore the investment

solution to realization disturbance inthe upstream oil and gas industry.

4. Uphold the Local Content (TingkatKomponen DalamNegeri / TKDN)

4. Complete oil facility projects,especially Banyu Urip Cepufield.

5. Complete gas facility projects,especially Masela, Tangguh, IDD,

climate that wasdisturbed

.

5. Maximize government incomeaccording to the approvedeconomic.

, - .

6. Trimming the working method toreduce micro problems.

7. Adaptation of the organization and

38PRIVATE AND CONFIDENTIAL

.

SKKMIGAS OBJECTIVE (contd)


38/40

SKKMIGAS OBJECTIVE (cont d)

Objective

LONGTERM1. Increaseoilandgasreserve

discoverythroughmassive

KPI

explorationactivity.

MIDDLETERM

2. ObjectifyPSCContractorsefforttoincreaseoilandgasproduction EORactivityandoptimalizationofidleareacompleted

.

3. Improvenationalcapacityinoilandgasindustry.

SHORTTERM

Improvenationalcapacityandcapabilitybuilding(enabler)

4. Completeoilfacilityprojects,especiallyBanyuUrip Cepu field.

5. Completegasfacilityprojects,especiallyMasela,Tangguh,IDD,

Accomplishprojecttargetsachieved

,field.

6. Trimmingthewotking methodtoreducemicroproblems.

EnhanceSKKMigasorganizationcapability(enabler)

39PRIVATE AND CONFIDENTIAL

. aptat ono t eorgan zat onandHR.

SKK Migas Joint KPI


39/40

CollectiveeffortofalldivisiontoachieveSKKMigasKPI

SKKMigas JointKPI

HoldNaturalProductionReserveWP&B AFE & POD

Completedrealization of surveys OilandGas

Declinent Ratioachieved

approved on time se sm c, geo ogygeophysics)

Completed realizationof exploration well

drilling

Completedrealization of

Permits approved ontime

eve opmenwell drilling

Completedrealization of workover & well service

CompletedEOR activi ties

and idle areaoptimalization

O an GasProduction/

LiftingCompleted project on time

Completed offtaker agreement on timeLand provision

approved on time Minimize production lossdue to downtime

Pelaksanaan planned shutdownsesuai dengan jadwal

GovernmentIncome

Government Incomeachieved consistent

to PODGoods and service Completed Closed Out

Minimize production lossdue to monetization /

commercial aspectMinimalisasi kehilanganproduksi akibat gangguan

fasilitas bawah maupun ataspermukaan, transpor tasi dan

penyimpanan minyak dan gas

CostRecoveryControl

on time

Pencapaian penghematandari pengadaan bersama

Saving from sharingassets with PSC

Contractors achieved

Minimalisasi kehilanganproduksi akibat gangguankeselamatan, keamanan dan

sosial


Completed assessmentof blueprint and

ammendment of lawand aligned to work ing

program

and maintenance cost

control

Completed project

consistent to budget


40/40

SATUAN KERJA KHUSUSPELAKSANA KEGIATAN USAHA HULU MINYAK DAN GAS BUMI(SKK Migas)

PRIVATE AND CONFIDENTIALPRIVATE AND CONFIDENTIAL

HEAD OFFICEWisma Mulia Building Floor LG, 22, 23, 27, 28, 29, 30, 31, 33, 36, 38, 39, 40

J l. J end. Gatot Subroto Kav. 42, J akarta 12710, INDONESIA

PO BOX 4775Telephone : +62 21 2924 1607

Facsimile : +62 21 2924 9999

performance n 2013 work program

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