Mahakam Back to Pertamina
by Ahmad Khoirul Basyar
Last
week, Indonesia decided to erase the subsidies of gasoline. Whether it is good
or bad decision, we should believe our government that policy will bring our
nation to the good era of energy. Another news of energy is Mahakam block which
is developed by TOTAL EP on 2017 will give it back to Pertamina with 2
alternatives. First, it gives back 100% to Pertamina. Second, joint mechanism
with TOTAL and the compensation Pertamina will get the TOTAL’s block overseas.
Both of the contracts are good for our energy storage.
Mahakam
is one of the oil and gas field which is big and geological identic in
Indonesia. Mahakam is a delta system which is sedimentation dominated by river
and tidal waves. Mahakam have a potential for oil more than 50 million barrel
and gas among 2.5 TCF (Trillion cubic feet) in the last of 2017. It will be
helping our energy consumption. However, the big potential have big problem
too. Pertamina needs a technology which is supported to exploit the
hydrocarbons more deeper than now. Pertamina will be agree with high pressure
and high temperature (HPHT) condition. That’s a challenge for engineer, because
when we solved the problem we may get more hydrocarbons than the prediction.
Otherwise, Mahakam is a big field, a lot of block have not explored yet. Thus,
there will be another hydrocarbon potential for us.
How
if we do not get 100% of Mahakam Block? We got compensation from TOTAL and have
the right to develop TOTAL block overseas. By developing block overseas, our
energy storage will be increased. Besides that, the portfolio of Pertamina will
be added and help them for being global energy company.