Aset eksplorasi dan evaluasi
CATATAN ATAS LAPORAN KEUANGAN INTERIM KONSOLIDASIAN NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
30 September 2015 dan untuk Periode Sembilan Bulan September 30, 2015 and for Nine-Month Period
yang Berakhir Pada Tanggal Tersebut Then Ended
Disajikan dalam Dolar Amerika Serikat AS, kecuali dinyatakan lain Expressed in US Dollar, unless otherwise stated
16 ASET MINYAK DAN GAS Lanjutan 16
OIL AND GAS ASSETS Continued b. Properti minyak dan gas - neto
Sumur dan perlengkapan terkait dan fasilitasnya
1,967,355,513 1,555,984,145
554,612,631
Total
1,967,355,513 1,555,984,145
554,612,631
Total Akumulasi penyusutan, deplesi, amortisasi
Accumulated depreciation, depletion, amortization dan cadangan penurunan nilai
279,105,638 139,395,819
145,470,410
Nilai Buku
1,688,249,875 1,416,588,326
409,142,221
Book Value
Total
1,738,831,569 1,429,332,423
409,195,278
Total
Tahun akuisisi Blok
Hak Kepemilikan Pemilik lama
Nilai Pembelian Acquisition year
Block Participating Interest
Former owner Purchase Price
April 2015 Muara Bakau
11.66 GDF Suez Exploration Ind. BV
USD70.890.494 Mei 2014
Fasken 36
Swift Energy Operating LLC USD134.878.816
Agustus 2014 South East Sumatera
8,91 KNOC Sumatera Limited
USD49.901.448
Uji penurunan nilai atas properti minyak dan gas Impairment test on oil and gas properties
Asumsi yang digunakan Key assumptions used
a. Lifting a. Lifting
b. Harga b. Prices
c. Tingkat diskonto c. Discount rates
d. Beban operasi dan modal d. Operating and capital expenses
Berdasarkan hasil pengujian penurunan nilai pada tanggal 30 Juni 2015, Kelompok Usaha mengakui rugi penurunan nilai properti minyak dan gas untuk Blok South
East Sumatra, Blok Pangkah masing-masing sebesar USD12.364.083 dan USD6.059.781.
Based on the result of the impairment test as of June 30, 2015, the Group recognized impairment losses on oil and gas properties of South East Sumatera blocks and
Pangkah amounting to USD12,364,083 and USD6,059,781, respectively.
In Accumulated depreciation,depletion and amortization included the reduction of dismantle cost amounting to USD37.036.023 due to the change in estimation upon future cash flow
Wells and related equipment and facilities
and impairment reserves
Based on the result of the impairment test as of December 31, 2014, the Group recognized impairment losses on oil and gas properties of Fasken, Ketapang and
South East Sumatera blocks amounting to USD11,068,096, USD12,681,022 and USD10,912,425, respectively. In addition, the Group reversed the previously
recognized impairment loss on oil and gas properties of Pangkah block as of December 31, 2013 amounting to USD21,594,645 resulted from a positive change in
the estimates used to determine the assets’ recoverable amounts since the impairment losses were initially recognized.
Di dalam akumulasi penyusutan,deplesi dan amortisasi tahun 2015 terdapat pengurangan dismantle cost sebesar USD37.036.023 karena perubahan estimasi future cash flow
Prices: Forecasted oil, gas and LPG prices are based on management’s estimates and available market data.
Lifting: The projected annual lifting is based on management business plan considering the current conditions and future expectations.
Discount rates: Discount rates are derived from the post-tax Weighted Average Cost of Capital WACC, with appropriate adjustments made to reflect the risks specific to
the oil and gas properties and to determine the pre-tax rate. The WACC takes into account both debt and equity, weighted 20 and 80, respectively. The cost of equity
is equal to the return on risk-free securities plus the equity risk premium adjusted for the Group systematic risk. The cost of debt is based on the overall estimate of the
weighted average cost of debt finance for the Group as if it were refinancing all of its debt at the valuation date. Asset-specific risk is incorporated by applying individual
beta factors. The pre-tax WACC are as follows: In assessing whether impairment is required the carrying value of the respective
CGUs are compared with their respective recoverable amounts. The recoverable amount has been determined based on a value-in-use calculation using cash flow
projections from financial budgets approved by senior management covering a five- year period and no growth rate is assumed for cash flows beyond five year period.
The calculation of value in use for Pangkah CGU is most sensitive to the following assumptions: