Result for 77 item(s)

The transition tightrope: how can indonesian oil and gas companies finance their decarbonization?

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

Transitioning into a lower carbon economy has never been more urgent, as the global community witnessed Indonesia set more ambitious energy transition...

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Indonesia Upstream Oil & Gas Strategic Plan (Iog 4.0)

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

SKK Migas has revisited its strategic plan and the established Indonesia Oil & Gas Strategic Plan (IOG 4.0) in 2020. The strategic plan drafting h...

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Project Financing Of “K” Asset With Reserve-Based Lending (RBL) Method

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

PT Mega Energi Tbk (PTME) is an upstream holding public company with several subsidiaries that manage oil and gas block assets in Indonesia. In 2018 P...

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Improving Block Sustainability via Fiscal Terms Incentives

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

Indonesia has abundant natural oil and gas resources, especially in the South Sumatra basin. The basin has a proven petroleum system and has been expl...

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Investigating Carbon Storage Cost and Economics Of Gas Development Project

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

Carbon reduction initiatives are being declared which address current high carbon fields and for future oil and gas development. These initiatives are...

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A Comprehensive Understanding of Acid Gas Removal Unit (Agru) Operation and Material Degradation to Address Inlet Gas Cooler Leak with Improved Safety and Integrity Performance

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

The acid gas removal unit is designed to lower the H2S content of the fuel gas in Banyu Urip facility from 1.8% mole to 0.01% mole. To achieve the req...

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Unlocking Offshore Marginal Fields by Implementing Minimum Facility Technology

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

Medco E&P Natuna has several marginal field developments; the challenges in marginal field development are low reserves, shorter production lifeti...

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Managing Upstream Oil & Gas Projects to Achieve 1 Million BOPD & 12 Billion SCFD in 2030 Using World-Class Project Management (WCPM)

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

The complexity of oil and gas production facility construction projects, which often experience delays and cost overruns, is the main reason why the u...

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Production Facility Sharing: Indonesia’s Method to Accelerate Oil & Gas Production and Boost Government Revenue from Deep Sea and Marginal Fields

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

PSC contractor may need at least 20 years to recoup its investment therefore attracting upstream investment is key to realizing Indonesia’s long...

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Navigating the Complexities of EPC Lump-Sum Projects: Understanding Causes And Determining Accountability

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

EPC lump-sum projects, which offer integrated construction services and a fixed budget and schedule, are widely used in the Oil and Gas Industry in In...

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KS Integrated Optimization Project – Success Story to Accelerate Oil Recovery in A 20+ Years Old Waterflood Field with a Subsurface Work Program and Surface Facilities Improvement

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

KS field is the main contributor of RMU Block. Operating since 1997, it reached peak production in 2001 with primary recovery, subsequently waterflood...

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A Concrete Move Toward the Net Zero Emission: Near Field Gas Development Initiative for Electricity Power Plant in East Kalimantan Indonesia

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

East Kalimantan economic growth of 24% in the past 10 years has stimulated increasing electricity demand. However, current coal and diesel base engine...

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Supporting Indonesia’s Energy Transition: CCUS Development From EPC Perspective

Proceedings Title : Proc. Indon. Petrol. Assoc., 47th Ann. Conv., 2023

During the recent COP26 event held in Glasgow, Indonesia publicly announced its commitment to achieving carbon neutrality by 2060. In response, severa...

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Recovering Lost Oil Reserves in Sandy Wells Using a Resin Injection Approach: Mutiara and Pamaguan Field - Indonesia Implementation

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

Gas and oil production play a significant role in maintaining company sustainability, directly impacting profitability. Amid a gradually increasing oi...

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Low-Cost Flexible Riser Replacement on FPSO in a Marginal Field

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

This paper discusses a case study and challenges on a low-cost flexible riser replacement on FPSO in one of the offshore fields in the Gulf of Thailan...

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Minimizing Potential Operational Risk, Schedule and Cost Impact Through Early Quality Assesment of Local OCTG Mills: The Dilemma of Achieving Production Target and Overcoming Supply Chain Challenge in Indonesia

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

Tubulars are part of the backbone in Oil and Gas industries, especially in drilling operations as it serves as structural support, conduit, protection...

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Company Cost Estimate Method, Performance and Benchmark Toward Industry Practice and International Guidelines in Contract Sourcing

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

Oil and Gas Companies consistently strive to maximize production to maintain revenue and to continue to lower operating costs regardless of the actual...

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The Role of ESG in Attracting Capital to The Petroleum Industry

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

Environmental Social Governance (ESG) is having an increasing impact on investment decisions globally, this includes the oil and gas industry. This pa...

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A New Model for Quick Assessment Based on Techno-Economic Aspects for Developing Multiple Gas Prospects: Case Study of XY Block in Indonesia

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

Unlike the development of oil fields, natural gas fields tend to present more capital risks and business uncertainties as operators should first secur...

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Optimizing PSC With New Approach of Dynamic Split Determination to Mitigate Uncertainty in The Development Phase

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

It is commonly realized that in the development phase of oil fields the project still holds numerous uncertainty factors that will affect its economic...

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Decision Analysis to Determine Best Alternatives to Develop a New Discovery “R Field”

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

In Indonesia, oil, gas, and coal are the largest main sources of energy. The oil and gas upstream industry has the considerable responsibility to supp...

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Interval Prediction Of Crude Oil Price Using V@R-Asymmetric-Garch Model To Optimize The Petroleum Production Sharing Contract In Indonesia Via Gross Split Method

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

Forecasting crude oil prices is a critical factor in evaluating the potential risk of an oil and gas project. The price of crude oil tends to have vol...

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Technical Initiatives and Cost-Effectiveness to Optimize The Drilling Project of The Jambaran Sour Gas Field Development

Proceedings Title : Proc. Indon. Petrol. Assoc., 46th Ann. Conv., 2022

The Jambaran structure is a gas field located in East Java, Indonesia. From 2019-2021 the development project has been carried out by drilling five ne...

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Achieving Indonesian Oil and Gas production to 1 million barrels per day by 2030 using Nanoflooding as Novel EOR Method: Dream vs. Reality

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

In low oil price environments, conducting affordable enhanced oil recovery (EOR) projects can be very challenging. One item of interest for successful...

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A Comparative Study of Using Risk Adjusted Discount Rate and Historical-Based Monte Carlo Simulation to Evaluate Risk/Uncertainty in Oil and Gas Investment

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

This paper presents a comparative analysis of the use of two methods, Risk Adjusted Discount Rate (RADR) and Monte Carlo Simulation, in evaluating the...

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FISCAL Optimizations to Achieve a Win-Win Gross Split Production Sharing Contract on Deep-Water Study Case Project

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

Indonesia has adopted a new oil and gas fiscal system called Gross Split PSC (Production Sharing Contract). The objective is to implement a better sys...

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What Hit and Miss in Indonesia CBM Project : Empirical Study Slowing Down Factors CBM Development and Propose Suitable Action for CBM Development in Indonesia by Using Analytical Hierarch Process.

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

In 2008, the first Coal Bed Methane (CBM) PSC was signed in Indonesia. To date, 54 CBM PSCs have been awarded to explore and develop CBM Block in Indo...

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The Success of Managing Participating Interest (PI) in Cepu Block in Increasing Regional Revenue InEast Java

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

The Cepu Block is one of the largest national oil and gas producers. State revenue from the oil and gas sector in the Cepu Block can also be used to i...

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Comparative analysis of the relative attractiveness of the current fiscal terms in the South East Asia region

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

This paper aims to assess the relative competitiveness of the current fiscal terms in South East Asia in the context of changes proposed and implement...

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First Application Drilling New Wells with HWU in Swamp Environment, Mahakam Delta

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

Tunu is a mature giant gas and condensate field locate in Swamp Area on Mahakam Delta, East Kalimantan, Indonesia. The field has been in developed for...

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Millennial Green Drilling: Deliver More with Less (Solution to the Drilling Operations)

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

The impact of the COVID-19 pandemic spread across the oil and gas industry, which required a rapid change on the way we deliver drilling activity and...

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One Phase Well (OPW): Unlock Shallow Reservoir Efficiently and Economically ay Eliminating Surface Casing

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

Tunu is a mature giant gas and condensate field locates in Mahakam Delta, East Kalimantan, Indonesia. The area has been developed for almost 30 years...

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Company Cost Accuracy Benchmark toward Industry Practice and International Guidelines at Project Phases Gate

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

Research in the last decade is confirming that Oil & Gas Company consistently executes the project with an optimist cost estimate and an aggressive sc...

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MPEP Scorecard: A New Quantitative Approach to Measure Project's Maturity in Medco EP Indonesia

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

Oil & gas companies in Indonesia continue to struggle in executing their projects due to highly volatile oil price, lower demand and marginal field de...

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Technological Advances in Water-less Fracking: A Case Study

Proceedings Title : PROCEEDINGS, INDONESIAN PETROLEUM ASSOCIATION, Forty-Fifth Annual Convention & Exhibition, 1 - 3 September 2021

Hydrofracking transfigured the concept of producing from unconventional reservoirs. The Fracking fluid used in fracturing has unlocked many tight rese...

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Case Study: Maximizing Business Performance by Optimizing Supply Chain Of LNG-C Distribution of 9 Gas Power Plants with A Capacity of 780 MW in Eastern Indonesia

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

The Government of Indonesia plans to build 9 gas power plants in South Kalimantan, South Sulawesi and Southeast Nusa Tenggara with a total power capac...

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Seven Pillars in Cost Effectiveness for Sustaining the Life of Mature Fields: an Example from Mahakam Block

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

Maintaining mature fields provides major challenges in which production and resources are decreasing, while the operations complexity is increasing. T...

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Integrated Optimization of SIMOPS (Drilling, Well Intervention, and Production) on Jackup Rig : a Case Study of Under Cantilever Operations at X-1 Platform in Mahakam Asset

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

Deliverability of a field shall be reflected through its hydrocarbon production. In offshore fields, the backbone for stability of production comes fr...

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Concept+ 2.0 - The Revolution of Small and Marginal Fields

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

The development of small and marginal fields is becoming progressively more important in mature oil and gas provinces. During the low oil price enviro...

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Success Story from Drilling Program Evaluation of Development Wells in 2018 & 2019, and How to Promote An Effective Drilling Program for 2020 and Beyond for Indonesia

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

There are 32 oil companies in Indonesia that will perform development drilling in 2020 with total number of development drilling plans are 395 compar...

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Concept Selection Methodology for Contaminated Gas Fields in Offshore Malaysia

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

Some of the big undeveloped gas resources in Malaysia are mercury contaminated fields and successful monetization of these fields will require use of...

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The Journey to Establish Jack-Up Drilling Rig Contract in Indonesia during Upward Demand

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

The Jack-up rig market is very dynamic as it is sensitive to oil prices and drilling activities. An effective strategy must be defined to achieve a su...

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Managing Oil and Gas Project Value By Prime (Pertamina Investment Management Engine)

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

Oil and gas companies are facing an enormous challenge to create value from mature fields. Moreover, price volatility presents a massive impact on pro...

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No Wait-On-Cement (NO WOC) Successfully Applied in Pertamina Hulu Mahakam (PHM) and Creating Significant Well Rig Time Saving

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

As the new operator of the Mahakam Block started in 2017, Pertamina Hulu Mahakam (PHM) were challenged to ramp up operations in order to combat massiv...

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Breakthrough on Routine Service Cycle Time Improvement – Leap Frog Concept, Duri Field, Indonesia

Proceedings Title : Proceedings, Indonesian Petroleum Association, Digital Technical Conference, 14-17 September 2020

Leap frog concept was created to address the loss of single joint rig agility and drive the cycle time average lower than ever. The idea is to move th...

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Fuzzy Logic and Digital Concept for Estimation of Oil and Gas Development

Proceedings Title : Proc. Indon. Petrol. Assoc., 43rd Ann. Conv., 2019

Accurate cost estimating is required to improve decision making based on project economic evaluations. The process of cost estimation largely depends...

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Upstream Oil and Gas Development Projects in Indonesia: A Project Risk Analysis Based on Historical Data from 2015 to 2018

Proceedings Title : Proc. Indon. Petrol. Assoc., 43rd Ann. Conv., 2019

The life cycle of EPC (Engineering, Procurement and Construction) projects continues to roll over in the upstream oil and gas industry in Indonesia in...

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Improving Project Cost Forecast Accuracy by Integrated Cost Management Approach

Proceedings Title : Proc. Indon. Petrol. Assoc., 43rd Ann. Conv., 2019

Amid volatile oil price, it is important to have predictable cost when executing the projects. In ConocoPhillips (Grissik) Ltd. (CPGL), the projects w...

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Conceptual Study of Anthasena: Donut Shaped Semi-Submersible Offshore Drilling and Production Platform to Exploit Marginal Field in East Indonesia

Proceedings Title : Proc. Indon. Petrol. Assoc., 43rd Ann. Conv., 2019

A marginal field is an oil/gas field that is considered uneconomical to invest in and is difficult to be developed in a conventional matter due to sma...

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Indonesian Deep-water Petroleum Exploration and Production - Economic and Tehnology Perspective

Proceedings Title : Proc. Indon. Petrol. Assoc., 43rd Ann. Conv., 2019

Deep-water plays are high-cost ventures, yet they are valid projects. The deposits are larger accumulations and produce at higher rates due to better...

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