Manipulation of Rp 16.1 trillion in BP Migas

Audit Board requested the Executive Agency for Upstream Oil and Gas (BP Migas) deliver the latest financial and operating statements. The new institute was disbanded given until 30 November to complete its report.The results of the examination of the reports of BP Migas will be submitted to the House of Representatives and the Ministry of Energy and Mineral Resources. CPC will also provide recommendations regarding actions that should be taken by the government to facilitate the management of oil and gas contracts.

"CPC immediately conduct financial and operational by the last interim report was formally created," said a member of VII Supreme Audit Agency (BPK), Bahrullah Akbar.
 Bahr mengimbuhkan, CPC today actually was inspecting lifting performance (the amount of oil produced) BP Migas and four contractors oil and gas cooperation. He said, of the results of the examination of the oil and gas contractors who've done, the CPC found a contractor who manipulate calculations for U.S. $ 1.7 billion (Rp 16.1 trillion). Cheating is detrimental to the country.Based on Tempo, results of CPC on the financial statements of the central government in 2010 shows the underpayment of tax and gas contractors at Rp 5.24 trillion.Underpayment is partly caused by a mismatch between the production of oil and gas contractors report to BP Migas and contractor tax payment report to the Directorate General of Budget, Ministry of Finance.
 In addition to tax problems, the CPC found the excess cost recovery payment (reimbursement operating costs) valued at U.S. $ 726.79 thousand (USD 6.9 billion) to the three contractors.In response to the findings of the CPC, a spokesman for BP Migas, Hadi Prasetyo, saying the overpayment cost recovery may be due to CPC and the BP Migas has not disagree about cost recovery component.Last Tuesday, November 13, 2012, the Constitutional Court dissolved BP Migas because it is contrary to the constitution. This ruling is the result of the examination of the Law No. 22 Year 2001 on Oil and Gas.The disbandment of BP Migas, President Susilo Bambang Yudhoyono immediately intervene. The President asked BP Migas audited before transferred to the Ministry of Energy. "Through this audit, I asked for the position of BP Migas explained to the people, in order to avoid irregularities," he said.


Source: http://www.tempo.co/read/news/2012/11/16/090442090/