Kotabaru, South Kalimantan (AntaranewsKalsel) - The Kotabaru government is threatened fail to earn a share of oil and gas exploration from Sebuku blocks, because of drilling distance over 12 miles of outer islands shoreline.
It was expressed in the coordination meeting of Commission II DPRD Kotabaru with Commission II DPRD South Kalimantan in Banjarmasin, Thursday (4/2). Kotabaru's DPRD led by its deputy speaker H Mukhni AF.
Meanwhile, a summary of a working meeting between Commission II DPRD and South Kalimantan Tax and Revenue Agency (Dispenda) on January 13, 2016 handed over by a staff protocol. Here explained, data on potential and management of Sebuku Block in Larilarian Island by Mubadala Petroleum which predicted production since September 2013.
Chairman of Commission II DPRD Kotabaru Syairi Mukhlis revealed data obtained from that working meeting about composition of the Mubadala Petroleum shares is 70 percent owned by PT Pearl Oil, while other 30 percent stake belongs to French oil company Total SA and Japanese oil company Inpex Corporation.
Pearl Energy belongs to Mubadala Development Company, a sovereign wealth fund of Abu Dhabi, United Arab Emirates.
The investment value in the management of Sebuku Block reached 500 US dollars or about Rp5 trillion to Rp10,000 per US dollar exchange rate.
As for potential of natural gas reserves 370 billion cubic feet equivalent, with an estimated daily production of 100 million standard cubic feet. While the production of 94 barrels of oil condensate per day or 34,310 barrels per year.
But very unfortunately, still on the data obtained, the point of drilling in Sebuku Block is beyond 12 miles of shoreline, and thus its management has been the domain of the central government.
As a result, the implementation of Sebuku Block sharing has been problems. Up til now Kotabaru district and the province have not received fundings for the results of the oil and gas exploration.
However, referring to the initial agreement, South Kalimantan and West Sulawesi given the opportunity of equity (participating interest) 10 per cent of the total investment which management is mandated to form the regional owned enterprises (BUMD).
"Obviously we (Kotabaru) as a place of oil and gas management are very indisposed, since we do not receive any funds for the agreed outcome," he said.
If only invest or participating interest it will be a burden because the capital that must be paid is not a little.
Syairi explain the consequences if the management by Mubadala Petroleum turned out to be a loss, then the district also get the impact of losses on the equity participation.
edited by mahdani
COPYRIGHT © ANTARA News Kalimantan Selatan 2016
It was expressed in the coordination meeting of Commission II DPRD Kotabaru with Commission II DPRD South Kalimantan in Banjarmasin, Thursday (4/2). Kotabaru's DPRD led by its deputy speaker H Mukhni AF.
Meanwhile, a summary of a working meeting between Commission II DPRD and South Kalimantan Tax and Revenue Agency (Dispenda) on January 13, 2016 handed over by a staff protocol. Here explained, data on potential and management of Sebuku Block in Larilarian Island by Mubadala Petroleum which predicted production since September 2013.
Chairman of Commission II DPRD Kotabaru Syairi Mukhlis revealed data obtained from that working meeting about composition of the Mubadala Petroleum shares is 70 percent owned by PT Pearl Oil, while other 30 percent stake belongs to French oil company Total SA and Japanese oil company Inpex Corporation.
Pearl Energy belongs to Mubadala Development Company, a sovereign wealth fund of Abu Dhabi, United Arab Emirates.
The investment value in the management of Sebuku Block reached 500 US dollars or about Rp5 trillion to Rp10,000 per US dollar exchange rate.
As for potential of natural gas reserves 370 billion cubic feet equivalent, with an estimated daily production of 100 million standard cubic feet. While the production of 94 barrels of oil condensate per day or 34,310 barrels per year.
But very unfortunately, still on the data obtained, the point of drilling in Sebuku Block is beyond 12 miles of shoreline, and thus its management has been the domain of the central government.
As a result, the implementation of Sebuku Block sharing has been problems. Up til now Kotabaru district and the province have not received fundings for the results of the oil and gas exploration.
However, referring to the initial agreement, South Kalimantan and West Sulawesi given the opportunity of equity (participating interest) 10 per cent of the total investment which management is mandated to form the regional owned enterprises (BUMD).
"Obviously we (Kotabaru) as a place of oil and gas management are very indisposed, since we do not receive any funds for the agreed outcome," he said.
If only invest or participating interest it will be a burden because the capital that must be paid is not a little.
Syairi explain the consequences if the management by Mubadala Petroleum turned out to be a loss, then the district also get the impact of losses on the equity participation.
edited by mahdani
Editor : Mahdani
COPYRIGHT © ANTARA News Kalimantan Selatan 2016