Page 164 - Demo

TINJAUAN OPERASI PER SEGMEN USAHA Operation Overview per Business SegmentLaporan ManajemenManagement ReportProfil PerusahaanCompany ProfileAnalisa & Diskusi ManajemenManagement Discussion & AnalysisIkhtisar 20202020 HighlightsPT Pertamina Hulu Energi2020 Laporan Tahunan TerintegrasiIntegrated Annual Report 164LEGAL BASIS OF BUSINESS SEGMENTIn accordance with the Company%u2019s Articles of Association Number 39 of 21 April 2016, PHE business activities focus on upstream oil and gas sector management. The segment of business activities operated throughout the reporting period include exploration, development, operation and production, as well as business consulting service and portfolio management. In general, throughout 2020 PHE performance managed to meet the targets in RKAP despite having faced with several obstacles and challenges. Efficiency policy and sustainable innovation were able to preserve the production level, which led to an optimization in Revenues and Operating Income proceeds.OPERATION REVIEW ON EXPLORATION BUSINESS SEGMENTExploration business segment activities that carried out on 2020, includes efforts to search and improve new oil and gas resources. Availability of oil and gas resources will ensure the sustainability of the Company as well national energy supply. To finance exploration activities, PHE provides an investment budget amounting to USD95 million sourced from PT Pertamina (Persero).Exploration activities are carried out by PHE subsidiary Exploration activities include study G and G, seismic surveying and exploration drilling. Generally PHE exploration performance in 2020 for exploration well drilling achieves a success ratio 50% and managed to increase the volume of the definite backup resources (2C) of 56.14 MMBOE.Massive and measurable exploration activities continously done in order to maximize significant resource findings (2C). Total potential resource (prospective resources) in all PHE WK reaches 9.738 billion barrels of crude oil equivalent (BBOE) value Gross Pl P50 RR from Operator and Non Operator Working Area.DASAR PENETAPAN SEGMEN USAHASesuai Anggaran Dasar Perusahaan No.39 tanggal 21 April 2016, kegiatan usaha usaha PHE adalah pengelolaan sektor hulu migas. Segmen kegiatan usaha yang dijalankan selama periode pelaporan meliputi eksplorasi, pengembangan, operasi dan produksi, serta jasa konsultasi bisnis dan manajemen portofolio.Secara umum selama tahun 2020 kinerja PHE telah dapat memenuhi target RKAP meski dihadapkan pada sejumlah kendala dan tantangan. Kebijakan efisiensi dan penerapan inovasi berkelanjutan mampu menjaga tingkat produksi sehingga mengoptimalkan perolehan Pendapatan Usaha dan Laba Usaha.TINJAUAN OPERASI SEGMEN USAHA EKSPLORASIKegiatan segmen usaha eksplorasi yang dijalankan pada tahun 2020, meliputi upaya mencari dan meningkatkan sumber daya migas baru. Ketersediaan sumber daya migas akan menjamin keberlanjutan Perusahaan serta pasokan energi nasional. Untuk membiayai kegiatan eksplorasi, PHE menyediakan anggaran investasi sebesar USD95 juta yang bersumber dari PT Pertamina (Persero). Pelaksanaan kegiatan eksplorasi dilakukan Anak Perusahaan PHE. Kegiatan eksplorasi meliputi studi G dan G, survei seismik dan pengeboran eksplorasi. Secara umum kinerja eksplorasi PHE pada tahun 2020 untuk pengeboran sumur eksplorasi mencapai rasio sukses 50% dan berhasil menambah volume cadangan pasti sumber daya (2C) sebesar 56,14 MMBOE.Kegiatan Eksplorasi yang masif dan terukur terus dilakukan guna memaksimalkan temuan sumberdaya (2C) yang signifikan. Total potensi sumber daya (prospective resources) di seluruh WK PHE mencapai 9,738 miliar barel setara minyak mentah (BBOE) nilai Gross PI P50 RR dari WK Operator dan Non Operator.