..., and 6.19 years of pay-out time. On the oil field side, the PSC Cost Recovery scheme offers the contractor 18.82 % of IRR, 0.33 MMUSD of NPV, and 4.85 years of pay-out time. In comparison, the PSC Gross Split scheme offers 19.55% of IRR, 0.40 MMUSD of NPV, and 5.48 years of pay-out time. For this study...

... in a timely fashion hence reducing the time to muster and lessening the risks of Leaving someone behind. The second challenge being the identification of personnel and various contractors, the time they entered in productive or nonproductive areas and time it took to complete various tasks within their crafts...

... of investment and production is needed to help the government and contractor in estimating the costs needed in an oil and gas project. As of December 2018, 471 projects (POD) have been approved by the government of Indonesia. All of them are projects that produce oil (oil projects) and gas (gas projects...

... challenges as multiple activities are carried out by numerous personnel and contractors, in a short duration of time. This risk is further amplified with the additional restrictions, challenges and complications posed by COVID-19. The key challenge for turnaround managers in current times is to ensure...

...-hours in 2017 - 2019. Artificial Intelligence anomaly barge HSSE reporting incident application software Upstream Oil & Gas severity wli supervisor contractor interactive hseq event operation Supervisor well intervention division objective nd chance feature hseq event nd...

... international finance corporation ifc ps project activity performance standard regulation contractor management system ifc performance standard Project Decription Project Background Gas development project aims to produce gas from the fields and result in condensate as side product. Company...

... approved by government of Indonesia and the 327 of them were PODs that located in onshore area. This paper will evaluate and analyze the distribution of commercial reserves per projects and the operating cost to help Contractors to find the onshore area in Indonesia that has the highest commercial reserves...

... Production Sharing Contract (PSC) contractors in Indonesia are required to carry out the ASR operations when production ceases, and to establish and contribute to an ASR fund. Prior to carry out the ASR operations, PSC contractors must submit an ASR program plan and cost estimate to SKK Migas for approval...

... Pertamina contractor operator former operator production enhancement sanga sanga block objective subsidiary Drilling Well Intervention Contract Strategy contract procurement process regulation mahakam block Introduction PHI founded in December 28 th , 2015 is a subsidiary of Pertamina...

... risk and uncertainty assessment Project Delay perception risk management frequency job position stakeholder contractor strategic planning and management risk assessment risk source criticality consultant schedule overrun risk factor significant difference Australia project...

... focused on designing for success and optimizing a set of key performance indicators (KPIs) with pre- and post-drilled hole conditions. This paper outlines the approach based on the experience from the drilling campaign of nine oil producer wells. casing and cementing cement scorecard contractor...

... return that eventually will increase the IRR and NPV values. asset and portfolio management investment depreciation period pod pofd depreciation method Upstream Oil & Gas calculation NPV year depreciation period Project economics government Indonesia contractor project valuation...

... Abstract In close collaboration with the operator, third party suppliers and the integrated drilling service contractor the first Integrated Drilling Project in Kuwait started in March 2016. The project is being treated as a pilot to assess the value integration can bring to the operator...

..., social impact, etc. Therefore, MPC supports the contractor during process of transfer by leading the activity until the completion of handover personnel. Considering the importance and criticality of this transfer process, MPC in cooperation with the contractors prepare a timeline and strategy which...

... in Kutai Basin and Sumatera Basin were not significantly good as early prediction. This condition made some CBM contractors working areas has to leave and do farm out from the area. Nowadays, by counting the total of Unconventional Working Area in Indonesia, the active operation area are around 40 places...

... Abstract Referring to the Ministry of Energy and Mineral Resources regulation in 2017 number 8, the government intends to encourage contractor in Indonesia to conduct exploration and exploitation activity to be more effective and efficient in way of implementing gross split PSC in Indonesia...

... Artificial Intelligence performance management contractor strategic planning and management waterflooding operational planning alignment operational plan strategic objective Planning System interface validation reservoir society of petroleum engineers operator development cost Introduction...

... modification Bekapai detail engineering operation shutdown platform modification Offshore Platform modification project extension project team pipeline contractor epsc package Implementation requirement installation Introduction After a long period of Bekapai's natural decline, Bekapai...

...) in Indonesia. The oil and gas industry in Indonesia is still considered attractive by contractors. Before investing in the oil and gas industry in Indonesia, there are some of ways that can be done by investors to minimize risk of loss and maximize revenue such as, searching, finding and collecting data...

... leadership Drilling rig safety performance contractor Supervisor safety inspection incident company man wlc operation personnel hsse audit and certification drilling contractor hse culture communication INTRODUCTION The WLC Division manages drilling and completion activities in Company...