JAKARTA - The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) said that oil produced by people's wells could be sold to Pertamina on August 1.
Deputy for Exploitation of SKK Migas Taufan Marhaendrajana said this was in line with the issuance of the Ministerial Regulation (Permen) of Energy and Mineral Resources regarding Cooperation in the Management of Cooperation Areas for Increasing Oil and Gas Production. This latest regulation regulates the cooperation between oil wells of Regional Owned Enterprises (BUMD)/Micro, Small, and Medium Enterprises (MSMEs); cooperation operations/technology; and cooperation in the exploitation of old wells.
"As of August 1, hopefully we can monetize the production of this community well to Pertamina," said Taufan, quoted on Tuesday, July 22.
Taufan said that people's wells can donate at least 10,000 to 15,000 barrels of oil per day to national oil lifting.
According to him, Indonesia is currently implementing a sense of crisis in terms of oil production so that the addition of this community well can become an asset and part of the country that can be monetized.
Furthermore, he added, Pertamina has internal procedures regarding people's wells, which not only need to be purchased for oil, but also provided guidance.
"Of course what is no less important is verification," he said.
Previously, the Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia revealed the calculations of profits made by the community who manages old oil wells.
"After I checked, one community well could get three barrels to five barrels," Bahlil explained as quoted on Saturday, July 19.
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Dia menjelaskan, satu barel setara 159 liter, sehingga tiga barel hampir mencapai 500 liter.
Dengan harga ICP 70 dolar AS per barel dan asumsi porsi bagi hasil 70 persen, setiap barel menghasilkan sekitar 49 dolar AS.
Artinya, dalam sehari satu sumur bisa meraup sekitar 147 dolar AS dan dibulatkan menjadi 150 dolar AS atau setara lebih dari Rp2 juta.
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He explained, one barrel is equivalent to 159 liters, so three barrels almost reach 500 liters.
With an ICP price of $70 per barrel and an assumption of a 70 percent share of the proceeds, each barrel generates around $49.
This means that in a day one well can earn around USD 147 and rounded up to USD 150 or approximately more than IDR 2 million.
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