HOMENEWS – Makassar, The Provincial Government of South Sulawesi will establish a Regional Owned Enterprise (BUMD) Migas Participating Interest. Recommendations from the Ministry of Energy and Mineral Resources (ESDM) have also been bagged.
The establishment of BUMD Migas was also discussed with the Ministry of Home Affairs (Ministry of Home Affairs), Directorate of BUMD, BULD and Regional Property. The meeting with the agenda of the Proposed Plan for the Establishment of BUMD Participating Interest was attended by the Regional Secretary of South Sulawesi Province, Abdul Hayat Gani, virtually from Baruga Lounge of the Governor's Office, Wednesday (02/03).
Abdul Hayat Gani revealed, for the establishment of BUMD Participating Interest of 10 percent, an investment of Rp 10 M is needed. However, in accordance with Law No. 40 of 2007 concerning Limited Liability Companies, at least 25 percent of the total value of the investment, deposited as initial capital. Thus, the investment value of the South Sulawesi Provincial Government in 2022 is Rp 2.5 billion, and in 2023 it is Rp 7.5 billion.
"Article Two of the Regulation of the Minister of Energy and Mineral Resources No. 37 of 2016, that since the approval of the first field development plan to be produced that is in land and/or offshore waters up to 12 (twelve) nautical miles in a working area, contractors are obliged to offer Participating Interes 10 percent to BUMD," said Abdul Hayat.
As per data and information energy equity epic (Sengkang) PTY LTD, continued Abdul Hayat, there are four sources of gas production that will be developed in the Sengkang Block Oil and Gas Working Area. Namely Kampung Baru Field with P1 reserves of 163.38 BSCF and P2 of 46.47 BSCF, South Walanga Field with B1 reserves of 108.21 BSCF and P2 of 12.44 BSCF, Sampi-Sampi Field with B1 reserves of 15.83 BSCF & P2 of 24.14 BSCF, and Bonge Field with P1 reserves of 4.17 BSCF & P2 of 3.11 BSCF.
The four production well sites above, located on land in one province, then in accordance with Article Four Letter A of the Regulation of the Minister of Energy and Mineral Resources No. 37 of 2016, the Participating Interes Offer of 10 percent is given to one BUMD, whose formation is coordinated by the Governor by involving the Regent / Mayor whose administrative area has a field approved development plan.
"The establishment of BUMD Migas also aims to increase Regional Original Income or PAD Sulsel. And for the inclusion of this capital has been budgeted in APBD, "he said.
Head of the Bureau of Economy and Development Administration of South Sulawesi, Since Erna Lamba, who also accompanied Abdul Hayat in the meeting, added, the proposal of the Provincial Government of South Sulawesi related to the establishment of BUMD Migas is in accordance with the mandate of Article 10 of Government Regulation No. 54 of 2017 concerning BUMD. And on December 13, 2021, the Bureau of Economy has sent an improvement of the BUMD establishment document to the Ministry of Home Affairs.
Since also provides an overview of the current condition of the four BUMD Sulsel. Among them, Bank Sulselbar which has given dividends of Rp 1.4 trillion since 2013, Perusda Sulsel Rp 3.7 trillion, and Jamkrida Sulsel Rp 1 billion. Meanwhile, bumd new agrobusiness can contribute Rp 90 million and is currently in good health.
In response to this, the Director of BUMD, BLUD and BMD of the Ministry of Home Affairs, Budi Santosa, said that his party will provide support throughout the establishment of the BUMD for the benefit of many community areas. He advised, so that the Provincial Government of South Sulawesi is serious by keeping BUMD from experiencing bankruptcy and positively impacting to increase regional revenues.
"If the establishment of BUMD is approved, please maximize to increase regional revenues," he concluded. (*)
