"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Kamis (29/08/2024) dengan Tema Menggali Realisasi dan Asumsi Lifting Migas RI".
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00:00Thank you for being with us again.
00:07The Ministry of State, Ministry of Education, Ministry of Public Works and Human Resources together with the 7th Commission of the DPR RI
00:09agreed on the assumption of the basic lifting of oil and gas for the 2025 RAPBN.
00:14In the RAPBN, the lifting of oil and gas is estimated to be as large as 605,000 BOPD,
00:21while the target lifting of gas is 1.005 million BOPD.
00:27The Ministry of Energy, Resources and Minerals together with the 7th Commission of the DPR RI
00:33agreed on the assumption of the basic lifting of oil and gas for the 2025 RAPBN.
00:38The lifting of oil and gas is estimated to be as large as 605,000 BOPD,
00:43higher than what was stated by the Minister of Education, Mr. Balilah Dahlia at the Working Meeting with the 7th Commission,
00:48which is as large as 600,000 BOPD.
00:51Meanwhile, the target of lifting of earth gas in the 2025 RAPBN is estimated to be as large as 1.005 million barrels of oil equivalent per day,
00:59down if compared to the 2024 RAPBN target of 1.033 million BOPD.
01:06Since the basic assumption of the 2025 RAPBN for the lifting of oil and gas is as large as 1.61 million BOPD,
01:13it is down compared to the 2024 RAPBN target of 1.668 million BOPD.
01:20Minister of Education, Mr. Balilah Dahlia said that the lifting target of gas is more realistic to be achieved with the availability of gas sources in Indonesia.
01:27Meanwhile, for the price of oil and gas in Indonesia at the 2025 RAPBN basic assumption,
01:32it is estimated to be as large as 82 USD per barrel, equal to the 2024 target.
01:38While for the cost recovery at the 2025 RAPBN basic assumption, it is agreed to be as large as 8.5 billion USD.
01:49In a working meeting with the Minister of Education, the Chairperson of the 7th DPRRI Commission, Mapan Abdur Rahman said that the 7th Commission
02:01in principle agrees with the macro assumptions made by the Ministry of Education.
02:06However, regarding the lifting of oil, the 7th Commission asked to increase the lifting to 605,000 BOPD
02:13in order to illustrate the optimism of the government in the field of oil lifting next year.
02:18Meanwhile, after agreeing to the 2025 RAPBN lifting assumption, the Ministry of Education has already prepared a number of strategic steps
02:27to achieve the target of gas production in 2025.
02:31Minister of Education, Mr. Balilah Dahlia said that his party is committed to increasing production and gas lifting in the future.
02:39Mr. Dahlia said that the Ministry of Education and SKK Migas will try to push for the implementation of a number of new oil projects
02:46to be able to produce immediately.
02:48Another strategy is to focus production activities on a number of gas fields that have been supporting production
02:56such as Pertamina Hulu Rokan, Exxon Mobil Cepu, Pertamina EP, Pertamina Hulu Energi, and Metco.
03:03Other support was given to the Ministry of Education from the regulatory side through the implementation of the 13th SDM Permit in 2024
03:11on the contract for the new Migas Cross Split results.
03:15This permit is believed to be a key to push for a more positive Migas investment climate.
03:19And other regulatory support is through the 199th SDM Permit in 2021 related to the Hulu Migas Incentive
03:28which is estimated to be able to improve the economy of contractors to be more optimal.
03:32And next, from the 2025 Migas lifting assumption, we will move on to the implementation of lifting in 2024
03:40so that we can get an idea of ​​how big the achievement of Migas lifting in Indonesia is so far.
03:45We summarize the information as follows.
03:51The Special Task Force for the Implementation of the Hulu Oil and Gas-Earth Activity or SKK Migas
03:57announced the implementation of oil and gas lifting in the 1st semester of 2024 is still below the target.
04:03Even in the first semester of 2024, SKK Migas stated that the implementation of oil and gas lifting only reached 576,000 barrels per day
04:10or below the target of 635,000 BOPD.
04:16The head of SKK Migas, Bri Sucipto, stated that the target of oil and gas lifting was not achieved in the 1st semester of 2024
04:23due to flooding in several areas.
04:27Then, the lifting of oil and gas reached the 1st semester of 2024
04:31because we experienced flooding in several areas in the 1st semester of 2024
04:37so that drilling was practically impossible for more than a month.
04:42There were several delays in drilling activities
04:45which resulted in the realization of oil production of 576,000 barrels per day.
04:54And we see that the outlook is around 596,000-97,000 barrels per day.
05:07The head of SKK Migas stated that his party estimated that the lifting of oil and gas
05:10would reach 595,000 BOPD by the end of the year
05:14or as high as 94% of the TPN target.
05:19The deadline for the implementation of oil and gas lifting in the 1st semester of 2024
05:22is only 5,301 BOPD.
05:26The implementation is still below the TPN target of 5,785 BOPD.
05:41That's it, Pemir.
05:42One of the working units specializing in the implementation of oil and gas business activities
05:45or SKK Migas reported
05:47the implementation of oil and gas lifting in the 1st semester of 2024 is still below the target.
05:52Not only the lifting implementation,
05:54SKK Migas also reported the implementation of cost recovery in the 1st semester of 2024
05:59which reached US$3.3 billion or below the US$3.47 billion target.
06:06Meanwhile, the implementation of investment in the 1st semester of 2024
06:10is US$5.6 billion, also below the US$7.43 billion target.
06:16Meanwhile, Pemir, SKK Migas projected
06:20that by the end of 2024, oil and gas lifting will reach 595,000 BOPD
06:26or as large as 94% of the TPN target.
06:30Then for gas lifting, it will reach 5,554 cubic feet per day.
06:34Meanwhile, for cost recovery, by the end of the year, it is projected to be in the US$8.05 billion
06:41meaning US$8.05 billion or below the US$8.25 billion target.
06:48And for the implementation of investment until the end of the year,
06:51it is estimated to be as large as US$15.7 billion or below the US$17.7 billion target.
07:00In line with SKK Migas, the Minister of State also predicted
07:04that oil and gas lifting by the end of 2024 will not reach the target.
07:08Moreover, the 2024 oil and gas lifting target is estimated to be 635,000 barrels per day.
07:15And the Minister of State projected that oil and gas lifting in 2024
07:18will only be able to reach a maximum of 580,000 barrels per day.
07:23From the implementation of oil and gas lifting, we turn to another side of the story,
07:26which is related to the oil import carried out by Indonesia,
07:29which is said to reduce the country's deficit by hundreds of trillions of rupiahs.
07:33For more details, we present the following information.
07:36Indonesia Imports 297 Million Barrels Per Year
07:40The Minister of State, Bahli Lahadalia, stated that Indonesia imports oil as large as 297 million barrels per year.
07:48This reduced the country's deficit to 396 trillion rupiahs in 2023.
07:54He said that Indonesia imports oil in the form of raw oil and natural oil as fuel.
08:00Indonesia's oil imports are also higher than domestic oil production.
08:04Indonesia Imports Oil As Large As 297 Million Barrels Per Year
08:08The Minister of State, Bahli Lahadalia, said that Indonesia imports oil as large as 297 million barrels per year.
08:12The Minister of State, Bahli Lahadalia, said that Indonesia imports oil as large as 297 million barrels per year.
08:16According to the Minister of State, the oil imports that are being carried out
08:20to meet the needs of the national oil and gas consumption last year, which reached around 505 million barrels.
08:26The consumption is divided into several sectors, including the transportation sector,
08:30which consumes 248 million barrels per year or 49 percent,
08:36the industrial sector, which consumes 171 million barrels per year or 34 percent,
08:41the electricity sector, which consumes 38.5 million barrels per year or 8 percent,
08:47and the aviation sector, which consumes 28.5 million barrels per year or 6 percent.
08:54The Minister of State, Bahli Lahadalia, said that the government is devising a strategy to reduce oil imports.
09:01He said that reducing oil consumption is not a realistic option
09:05because energy needs will continue to increase as the economy grows.
09:10Tim Liputan, IDX Channel
09:18The government by the Minister of State, Bahli Lahadalia,
09:21stated that Indonesia's oil imports are larger than the level of production.
09:25In the latest statement, the Minister of State stated that Indonesia imports oil as large as 297 million barrels per year,
09:33which consists of 129 million barrels of raw oil and 168 million barrels in the form of oil fuel or BBM.
09:40As large as the number of oil imports in Indonesia,
09:43the Minister of State, Bahli Lahadalia, also ensured that the central government was arranging a strategy
09:47so that the oil imports could be reduced.
09:49The strategy is through the optimization of the production of land oil with technology.
09:55Another strategy is through the reactivation of idle wells.
10:02Of the total 44,985 wells in Indonesia,
10:08there are 16,990 or almost 17,000 wells that fall under the criteria of idle,
10:17although not all wells have the potential to be reactivated because of one reason or another.
10:24Meanwhile, the third strategy is by exploring migas, especially in the East Indonesian region,
10:30where the Minister of State, Bahli Lahadalia, said the region has the potential to find new reserves,
10:35so the government will push for acceleration through a more interesting cooperation and incentive scheme.
10:42That was my presentation on the oil and land gas lifting target in 2025.
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