PETROMAX VI SI ON
SPEUISC20 1 8
I l l us t r at i onby : Ef dal Yi l di z
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I l l us t r at i onby: Her nanLuci o
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TABLEOF CONTENTS. Vol ume1 0
08OurOfficer s 10SPEMedal s 12Al umnaeT al k: AMes s ageT oEx cel AndSt r i v eYour s el f 14Poi ntofVi ew: DoesVi s i onReal l yI mpor t antI nLeader s hi p? 16Oi l andGasAcr os sTheMap 18Car eerT al ks : Howt oAceYourPubl i cRel at i onSki l l s 20AVi s i onT oCont r i but eForI ndones i anEconomyDev el opmentThr oughAnOnl i neMar k et pl ace 22Pet r oI ns i ght : ANewChapt erf orSPEJ av aSect i on 24QUI ZTI ME! 25Oi l andGasFunf act 20Oi l WeekWr i t i ngCompet i t i on: TheFut ur eofOi l and Gas 28PVRA#Your Sol eSi s t er : Fr om TheShoesUpT oThe Hear t 30Pet r oducat i on: Wat er I nj ect i onT echni quesI ncr eas eRecov er yi nConv ent i onal GasRes er v oi r s 32SPEJ our nal : ARemar k abl eOneYearwi t hSPEUI SC 34Meett het eam
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Mr . F aj r i nRas yi d Pr es i dentand CoFounderofBukal apak
Ms . Kar aNugr ohoand Ms . Put r i Kat i anda FounderofPVRA
Mr . I r babul Lubab Dr i l l i ngandWor koverPl an& Eval Advi s or1PT. Per t ami na
Mr . Wi l l i am Ongs eput r a Chai r manofSPE J avaSect i on
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Hel l o, Member s ! Thr ough al lt he moment s ,act i vi t i es , compet i t i ons ,gat her i ngsand t hr ough t heupsanddowns , SPEUI SC201 8has final l yr eacht heend oft hes t ewar ds hi p. Thi syears howst het r ueembodi mentofan or gani z at i on,f ocus ed on cr eat i ngacommi t edt eam, enhanci ng member ' ss at i s f act i onandr equi r i ngdi s t i ngui s hedachi ev ement s . I nt hi ss hor tf or ewor d, I woul dl i k et ot hankal l oft hepeopl ei nv ol v edi n i nfluenci ng anamaz i ng s t ewar ds hi p,f r om al lt hes t ak ehol der s ,of ficer s , Boar dof Di r ect or sandmos t l yt ot hemember swhohav ebeena det er ment al f act ori ncr eat i ngamemmor abl eyearf orSPE #Achi ev e TheRemar kabl e.Hopef ul l y ,t he ex per i ence,j our ney ,s t or y and memor i esal lofyou hav e got t en coul d hel p each and ev er y per s ont ogr owandenr i chedt hr oughoutt heyear . SPEUI SChasahi ghex pect at i oni ni t ' ss us t ai nabi l i t y . Ouri nfluencef or nex tyears t ewar ds hi phopest oayearofamaz i ngoppor t uni t i esanda yearofs at i s f yi ngourmember ' sneedsandex pect at i on. SPEUI SCwi l l al wayss t r i v ef orex cel l enceands ol v et hechal l engesahead thasbeenapl eas ur et os er v eyoual l ! I
Bes tRegar ds , M. Noval dySangadj i Pr es i dent , Wi t hal l oft heBoar dofDi r ect or sSPEUI SC201 8 #Achi eve TheRemar kabl e 6| PETROMAX
Gr eet i ngs t oour SPEas s oci at es . Thi syearhasbeen a r emar kabl e j our neyf orSPEUI SC. Ther ear eal ot oft hi ngt hatI ’ v el ear nedbybei ng Edi t or i nChi efofPet r omaxf ort hes epas t2edi t i onandIam s o pr oudt oannounceandpubl i s ht hi smont h’ sPet r omax .Thi sbecomesour1 0t hedi t i onofPet r omaxandt hepubl i cat t ent i onf orour magaz i nehasgr owi ngs i gni fi cant l y .I ,al ongwi t hSPEUISC201 8. woul dl i k et ot hankourr eader sbecaus ei t ’ syout hatt hr i v eust odo bet t er , t ogi v eyout hemagaz i net hatwewi s hi tcoul di ns pi r eyou. Ther ear es t i l l manyr emar kabl ej our neyt hatcoul dbeachi ev edby SPEUISCandt heyounggener at i ons . I nor dert ot hat , webr ought upt het hemeVi s i on, becaus ewebel i ev et hatcl earvi s i onhel pst o pur s uedr eamsandachi ev egoal s . gi vi ngas t r ongwi s handi deaof t hef ut ur e. Wewi s hyout ohav eagr eatdayandhappyr eadi ng!
Lut hfiyaNai f aPut r i Edi t or i nChi efPETROMAX Deput yDi r ect orofJ our nal i s m SPEUI SC201 8
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achi evet her emar kabl
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bl e.
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SPEF ACTS. SPEPr es i dent201 7
J aneenJ udah Chevr on
SPEPr es i dent201 8
Dar cySpady Br oadvi ewEner gy
SPEPr es i dent201 9
Sami Al Nuai m Saudi Ar amco
Maj orTechni calDi s ci pl i nes Ups t r eam oi l andgasoper at i ons , i ncl udi ngDr i l l i ng; Compl et i ons ; Heal t h, Saf et y , andEnvi r onment ; ManagementandI nf or mat i on; Pr oduct i onandOper at i ons ; Pr oj ect s , F aci l i t i esand Cons t r uct i on; andRes er v oi r .
Res our ces SPE. or g:vi ew t hegl obalev ent scal endarandr egi s t erf orupcomi ngSPEconf er ences , wor ks hops , andf or ums ; s ear chSPEt echni cal paper s ; fi ndi ndus t r yr ef er encei nf or mat i on; r ead SPEpubl i cat i onsand j our nal s ;and pur chas et echni calbooksand mer chandi s e. Member scanmanaget hei rmember s hi paccount ,fi ndl ocalSPEmeet i ngs ,col l abor at e wi t hcol l eaguest hr oughonl i necommuni t i es ,s ubmi tt echni calpaper sf orconf er ence pr es ent at i onorpubl i cat i on, nomi nat ecol l eaguesf orawar ds , orenr ol l i nwebi nar sort r ai ni ngcour s es . SPEPubl i cat i ons : J our nal of Pet r ol eum T echnol ogy , SPEDr i l l i ng&Compl et i on, SPEJ our nal ,SPE Pr oduct i on& Oper at i ons ,SPE Res er v oi rEv al uat i on& Engi neer i ng,TheWay Ahead, HSENow, andOi l &GasF aci l i t i es . Ener gy4me. or g: SPE’ sener gyeducat i onwebs i t epr ovi desr es our cesf ors peak er s , t eacher s , ands t udent sonal l ener gys our cesandener gycar eer s . SPET echni calRes our ces :Monogr aphSer i es ,Pet r ol eum Engi neer i ngHandbook,r epor t s ,Repr i ntSer i es ,t r ai ni ngcour s es ,Pet r oWi ki ,SPEt echni calpaper si nwww. onepet r o. or g, s t andar ds , s ur v eys , T ex t bookSer i esandvi deocour s es .
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ThankYou, SPEUISC2018 del egat es ! youhaveachi evedt he r emar kabl e. Ener gyDebat eCompet i t i onPI Fai r , T r i s ak t i 20 1 8 Bus i nes sCas eCompet i t i onI PFes t ,I TB20 1 8 PaperCompet i t i onCompet i t i onPI Fai r , T r i s ak t i 20 1 8 Pet r obowl APRQ,CUPE20 1 8 Pet r oc hal l engeSc hl umber ger ,I PA20 1 8 Cas eSt udyCompet i t i onPet r of es t20 1 8 Smar tCompet i t i onPGDUI20 1 8 Oi l Ri gDes i gnCompet i t i onDer r i c k ,STEMAk ami gas20 1 8 MudCompet i t i onPI Fai r , T r i s ak t i 20 1 8 PaperCompet i t i onSubmer s i bl e,I TSB20 1 8 Smar tCompet i t i onPGDUI20 1 8 MudCompet i t i onDer r i c k ,STEMAk ami gas20 1 8 Smar tCompet i t i onPet r of es t20 1 8
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I r v anRahadi an Pr es i dentofSPEI TSSC2 01 8
Ra vi noI chs an Pr es i dentofSPEUPNVYSC2 01 8
DoesVi s i onReal l yI mpor t ant I nLeader s hi p? by: EdmaNadhi fOk t ar i ani
I r vanRahadi anPut r a( Pr esi dentofSPEI TSSC20 1 8) :I nmyopi ni on,v i s i oni sex t r emel ys ubs t ant i al bec aus ei ti st heout l etofev er y t hi ng. Forex ampl e,whendec i di ngwhatwi l l beourgoal si n t hef ut ur e, what dec i s i onwewi l l t ak e, andhowwewi l l wor ki nt hef ut ur e. Theyal l hav et heai mt oac t ual i z et hatv i s i on. AndwhatIt hi nki sdi f f i c ul ti swhens y nc hr oni z i ngt hev i s i onwi t hal l t hemember s of t heor gani z at i on. I f al l of t hemember sc oul dex c eedi ngl yunder s t andwhat t hev i s i oni s , ev er y t hi ng t hatt heywi l l wor konwi l l bet ar get edt oai mt hatv i s i on. Whenc ons t r uc t i ngmyv i s i on,It ookac on s i der abl yamountoft i mes i nc eIwanti tt obeabl et ogi v ei ns pi r at i onands pi r i tt ot hemember s t hr oughoutt hes t ewar ds hi p . Ravi noI chsan( Pr esi dentofSPEUPNVYSC20 1 8) :Vi s i oni sex t r emel yi mpor t anti nl eader s hi p asi ti st hes t ar t i ngpoi ntofev er y t hi ng. Wi t houti t ,i t ’ st hes ameasfl y i ngapl anewi t hnodes t i nat i on. I nSPEi t s el f ,ev er ydec i s i ons ,t hought s ,andi deast hatwear egoi ngt odoi nev er yor gani z at i onal ac t i v i t i esmus tr ef ert oourv i s i oni nor dert oac hi ev eourgoal att heendoft hes t ewar ds hi p . I nmy s t ewar ds hi p , ourv i s i oni st oc r eat eac ol l abor at i v eor gani z at i ont oc r eat ec ompet ent member st obe abl et oc ompet ei nt heoi l andgasi ndus t r y . Andev er yev entt hatwehel dwer ei nt endedt oac hi ev e t hatv i s i ons uc haswor k s hopsandbot ht ec hni c alandnont ec hni c alt r ai ni ng.Thedi f f i c ul t ywas whenIdec i dewhet hermyv i s i oni ss ui t abl ewi t hmyboar dsornotaswear edi f f er enti ndi v i dual s wi t hdi v er s ec har ac t er sandmi nds et .Howev er ,Ihav eal way sdi s c us s edwi t hmyVPsandf or mer VPsaboutwhatc anwefi xi nours t ewar ds hi p .
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Poi ntofVi ew.
Raj aJ ohannes Pr es i dentofSPEUTM SC2 01 8
Put r aAr cana Pr es i dentofSPEI TBSC2 01 8
Raj aJohannes( Pr esi dentofSPEUTM SC20 1 8) :I ndeedi ti s ,t ohav eav i s i oni st he‘ t hi ng’ t hatgui desus . SPEUTM SCv i s i oni st ouphol dandpr ogr es sSPEUTM SCt obec omet he mos tpr omi nents t udentc hapt eri nt henewnor m. Thi sv i s i onembodi esourhopesandi deal s ands omehow, i t gi v esusas ens eof pur pos eandgl i mps esof what i spos s i bl e. Asal eader , we l ookf or war dands eewher eweandt hes oc i et yar eheaded. Yet , whi l el eader ss et t hedi r ec t i on, l eader smus tal s ous emanagements k i l l st ogui depeopl et ot her i ghtdes t i nat i on,i nas moot h andef f i c i entway . Hav i ngav i s i onk eepsal eaderonc our s edur i ngr oc k yt i mesorunex pec t ed s et bac k s . Ands o ,i fal eaderhasas t r ongv i s i on,l i t t l es et bac k sandobs t ac l eswi l l s eem s mal l ori ns i gni fi c ant . Leaderwi l l wor kt hr ought hem andper s ev er et ot heend,l ear ni ngast heygo . IPut uGedePut r aAr cana( Pr esi dentofSPEI TBSC20 1 8) :I nmyopi ni on,al l i tt ak est obe al eaderar egoodwi l l , s pi r i t , andpas s i on. Goodwi l l i ss ubs t ant i al asi t i st hepr i mar ymov ement t os er v el ot sof peopl e. Bec aus ebas i c al l y , al eaderi st hepeopl e ’ ss er v ant . Sec ondl y , s pi r i t . I t i s whatk eptusmov i ngal ongt hewaywi t hourt eam whenl eadi ngpeopl e. Andt hi r d,pas s i on. Pas s i oni st hebas i cr eas ont hatmadeusmor eandmor eex c i t edt os er v eourmember s . Pas s i onher enotonl yt hepas s i ont odoourbes ti nt hedi v i s i onwe ’ r ehandl i ngi nt heor gani z at i on, buti tc anal s obet hepas s i ont os t ayc ons i s t entwi t hy ours pi r i t . Andbes i desal l t hat ,t her ei s onet hi ngt hatal eadermus tal way sk eepi nmi ndwhi c hi shi sbi gdr eam f ort heor gani z at i on, s oc al l edv i s i on. Vi s i oni swhat ’ sgoi ngt odr i v et heor gani z at i onmov i ngf or war d. I t i st heout l i ne ofwhats omeonec oul dmak ei n,f orex ampl e,as t ewar ds hi pofanor gani z at i on. AndIt hi nk , t hatanor gani z at i onwi t hnov i s i oni st hes ameasaj our neywi t houtades t i nat i on.
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Oi l andGas Acr os st he Map I nT ur kmeni st an c ardr i v er sar eent i t l edt o1 20l i t er sof f r eepet r ol amont h.
Saudi Ar amc o , f r om Saudi Ar abi a,i s t hewor l d’ sl ar ges tex por t er ofc r udeoi l ,ownsbot ht he wor l d’ sl ar ges tons hor eand of f s hor eoi l fi el ds ,andal s o i st hewor l d’ smos tv al uabl ec ompany .
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Cr udeoi l wasďŹ r s t pumpedf r om t he gr oundi nChi naov er 2. 500y ear sago .
TheUni t edSt at es ofAmer i cai st hebi gges t c ons umerofoi l atov er1 9. 5mi l l i onbar r el s adaywher e50% ofi ti sus edf ort he t r ans por t at i oni ndus t r y .
By20 1 7 ,t het opni neoi l pr oduc i ngc ount r i eswer e t heUni t edSt at es, Saudi Ar abi a, Russi a, Canada, I r an, I r aq, Chi na, t he Uni t edAr abEmi r at es, andBr az i l .
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Car eer T al k s .
Mr . KennyHut omo Managi ngDi r ect orofMa v enPRO Communcat i onsandCons ul t i ng Cl ubUI
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phot os our ce: mer ahput i h
AVi s i onT oCont r i but eFor I ndones i anEconomy Devel opmentThr oughAn Onl i neMar ket pl ace by: Nat as hyaEl l y
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Pet r oI ns i ght . OnMonday( 1 8/ 1 1/ 1 8) ,J our nal i s m SPEUISC gotac hanc et oi nt er v i ew t he c of ounderwhonow al s ohol dst her ol ePr es i dentofBuk al apaki nBuk al apakEngi neer i ngOf f i c e,Sout hJ ak ar t a.Knownasay oungands uc c es s f ulent r epr eneur ,Mr . Ras y i ds har edt ousabout hi ss t or yandv i s i onbehi ndc r eat i ngt hi sonl i nepl at f or m. Af t er gr aduat edf r om I nf or mat i c sEngi neer i ngI ns t i t ut T ek nol ogi Bandung,Mr . Ras y i dal ong wi t hhi st woot herc ol l eaguesf r om I TBi nc l udi ngAc hmadZak y ,f ounderandCEO of Buk al apakhav eat hought of bui l di nganonl i nemar k et pl ac easbac kt heni n20 1 0, t hey awI ndones i as t i l l hadal owex pos ur et oonl i nemar k et pl ac es . Henc e,Mr . Zak yc ame s upwi t ht hei deaof l aunc hi ngBuk al apakasanec ommer c et hat fi t swi t ht heI ndones i an s oc i et yc ont ex t . Ther eupon,t hegener al v i s i onofBuk al apaki sondev el opi ngI ndones i anec onomyes pec i al l yf ort heSmal lMedi um Ent er pr i s es( SME) .“ Wec anbui l da bus i nes sbyens l av i ngpeopl ei nanegat i v eway , orwec anbui l donet hat c oul dempowerpeopl e, andt hat ’ swhat wewant . We ’ dl i k et obui l dbus i nes st hat c anonl ys uc c eedi f wec oul dof f ert hemor es uc c es st ot heot her s . Ac c or di ngl y ,wewantt ohel pt heSME not i nt er msof s oc i al pr oj ec t s , but bec aus et hei rs uc c es sar et hemai nas s et sf orBuk al apaks uc c es si t s el f . ” Ast hehi ghes t r at edec ommer c ei nI ndones i a, Mr . Faj r i nadmi t t edt hat Buk al apakhasput av er yl ar geef f or t t omai nt ai nt her el at i ons hi pbet weent hei rc us t omer s . One oft hepr ov ef orBuk al apakc ommi t mentandi nnov at i oni nt er msofc onnec t i onwi t ht he c us t omer si sbyt ar get i ngof f l i nemar k et s .Mr .Faj r i nal s oaddedt hatwhatmak est he c ompanyemi nenti sbec aus et heef f i c i entus ageofdat at ot r ac kany t hi ngi nr eal t i me. Dat ai sak eyf ort ec hnol ogy bas edc ompani es ,es pec i al l yi nf or ec as t i ngandhy pot hes i z i ngc us t omer sbehav i ourandt hepr oduc t s . Mr . Faj r i nal s os har edaboutt hef unc ul t ur ewor ki nBuk al apak . Hes t at edt hatnowaday s ,mos ts t ar t upc ompani esc hoos ea bot t omupappr oac hf ort hei rempl oy ees . “ Empl oy eesar eac c ount abl ef orbi ggoal sor KeyPer f or manc eI ndi c at or s( KPI ) . Thenwel et t hem f r eet oex pl or eort odoanyk i ndof ac t i v i t i est hatwedon ’ tal way shav et oc ont r ol ev er yt i me. Whatmat t er smor ef orusi s howt hei rt ar get sar ef ul fi l l edornot . ” Soasapr es i dent , Mr . Faj r i nadmi t t edt hat hedi dn ’ t r eal l ydodi r ec t c ont r ol l i ngt ohi sempl oy ees , unl es st her ear es omepr obl emst hat need s omehel psands ol ut i ons . Seei ngnowaday st r endt hatpeopl es t ar tt hi nk i ngonc r eat i ngs t ar t upbec aus e i t ’ spopul ar i t y ,Mr . Faj r i naddedak eyadv i c ef orr unni ngt hebus i nes s . Hes ugges t edt o nev erbui l das t ar t upf ort hes ak eof “ hy pe ” . “ Dev el opi ngas t ar t upi sv er ydi f f i c ul t . The f ai l ur er at ei sal mos t80–90%. Whatnows eemst obes uc c es s f ul c amef r om al otof s ac r i fi c esanddi f f i c ul t i es … Bui l das t ar t upwheny ouhav eac l earv i s i on,wheny ou hav epr obl emst haty ouwantt os ol v eandy oui ndeedhav et hes k i l l sr el at edt oof f er t hos es ol ut i ons ” That ’ swhy ,whent al k i ngaboutbui l di ngas t ar t upi sagai nbac kt ot he v i s i onbehi ndi t .
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Jakar t a( 1 5/ 1 1)–St ar t edf r om Oc t ober1 5,Mr . Wi l l i am Ongs eput r ahasbec amet henewc hai r manofSPEJ av aSec t i on. Wehadagr eatt al k abouthi sout l ookonv i s i onands har eds ome k nowl edgeabout howSPEJ av aSec t i onwor k– t haty oupr obabl ydi dn ’ tk nowy et ! Q: Ast henewchai r man, whati syourvi si on f orSPEJavaSect i on? fwegobac kt oSPEI nt er nat i onalmi s s i on A:I s t at ement ,t her ear e2di mens i ons ;oner el at ed t ok nowl edgec ol l ec t i on,c r eat i on,ands har i ng, andt heot heroner el at edt oc apac i t ybui l di ng andpr of es s i onaldev el opment .SPEJ av aSec t i on–al ongwi t hBal i k papanandSumat r as ec t i on–hast hemandat et obr i ngt hes emi s s i ons t oI ndones i a.Weer equi r eds uppor tf r om al l s t ak ehol der si nt hei ndus t r yt omak et hos epos s i bl e:Oper at or s ,Ser v i c e Compani es ,OEMs , Regul at or s ,s t udent s ,andi ndi v i dual pr of es s i onal s . Wi t hourl ar geanddi v er s i fi edmemberbas e, s hal l s er v easak eyf ac i l i t at ort ouphol dt hi smi s s i on.I nj us tl as tweekSKK Mi gashos t ed k nowl edges har i ngev enti nv ol v i ngSPEandwe al s oappr ec i at eSCs uppor ti nSPEev ent sand v i c ev er s a.Wi t ht hes easgoodex ampl es ,we ar el ook i ngf or war dt obemor ei nv ol v edi nc ol l abor at i onwi t hmor es t ak ehol der si nt henear f ut ur e. Q: Whati st her ol eofst udentchapt er s,especi al l y SPE UI SC,i n achi evi ng your vi si on? A: Asanor gani z at i on,SPESt udentChapt er s ( SC)ar eourv al uabl epar t ner st oac hi ev eour mi s s i on. Wehav eagr eat c ol l abor at i onwi t hSCs i nev ent ss uc hasI PA, APOGCE,andi nadhoc ev ent s and al s o not ed par t i c i pat i on i ns t udent l ed ac t i v i t i es s uc h as Pet r of es t and Pet r obowl . ForSPEUISC,weappr ec i at ei ndependentev ent sl i k eOi lWeek ,aswel last hi s par t i c ul arpubl i c at i on( Pet r omax ) .We ’ dl i k et o s ee c ont i nued s uppor ti n SPEl ed and St udent l edac t i v i t i es , andmor ei nt er ac t i onsamong SCs and bet ween SCs and pr of es s i onal s , mar k ed byi nc r eas ed SC par t i c i pat i on i n our
B&Cmeet i ng,publ i c at i on,andev ent s . Q :How doyouseeSPEJavaSect i onand t hest udentchapt er si naf ewyear s? A :SPE SCsar ei ndependentor gani z at i ons wi t hi nSPEt owhi c hwel ookf orc r eat i v i t yt owar dsf ur t her i ngourmi s s i on. Wev al uet hei ndependenc eof SCsasak eyr equi s i t et of os t er c r eat i v i t y . Aswel lasofours t udent sandpr of es s i onal member sar ec hangi ngy earony ear , wel ookf or war dt os eenewc r eat i v ei deasand s uppor tf r om t hey oungergener at i onst ohel p pr ogr es s i ngourmi s s i on.I nt hi sr es pec t ,Is ee t hatSPEwi l l beev ol v i ngi nt hec omi ngy ear s , dr i v enbyi deasandc ont r i but i onbyoury oung pr of es s i onal sandSCst or ef r es houror gani z at i on,ac t i v i t i es ,andf or mat s ,t omeett hec hal l engesbr oughtbyy oungergener at i ons . Q:Doyout hi nki ti si mpor t antf oral eader t ohaveavi si on?Why? A :It hi nki ti si mpor t antf oral eadert os ee wher eandhowhe/ s hewoul dwant t obr i ngt he or gani z at i on t owar ds wi t hi nac er t ai nt i mef r ame,andt oc ommuni c at eanddi s c us ss uc h f ut ur et ot hemember s .Weal s oneedt or emembert hatSPEi snotat opdownor gani z at i on.Whi l eourgl obalmi s s i ons t at ementr mai nsc ons t antf ormanyy ear s ,t heway st o s uppor ts uc h mi s s i on ar e di f f er entf oreac h l oc al c hapt er sandf oreac hSt udent Chapt er s . I per s onal l ybel i ev et hat s uc hv i s i oni sbet t erdefi nedt hr oughanemer gi ngpr oc es sc omi ngout ofdi s c us s i onsandmemberc ons ens us ,r at her t hant hr oughat opdownpr oc es sf r om c hai r man t o member s .The SPE J av a Sec t i on Boar d&Commi t t ee( B&C)meet i ngi shel dr egul ar l yt odi s c us s ,defi ne,c or r ec t ,andev ol v e t hev i s i onands t r at egyof t heor gani z at i on. I enc our ageSPEUISC,aswel lasot herSCs ,t o at t end t he meet i ng as k ey s t ak ehol der s of SPE.Thedec i s i onswet ak edur i ngt heB&C meet i ngof t enaf f ec t SCs , andr egr et f ul l y , of t ent i meswi t hl i mi t edpr es enc eofSCr epr es ent at i v es ,i fany . T r eatt hi sasanopeni nv i t at i onf or SCst oat t endourB&Cmeet i ng!
Pet r oI ns i ght .
“
T r us ti s ear nedt hr ough pr oces s , not r es ul t s .
”
by: T as yaUl f a
ANew Chapt erFor SPEJavaSect i on PETROMAX| 23
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TheWi nnerofOi l Week201 8Wr i t i ngCompet i t i on;
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i l andg ass ec t ori soneof t hebi gges t par t of ourmoder ns oc i et y . Thel i f t i ngof US e x por tban,al ong wi t hi nnov at i on i n s hal eoi lpr oduc t i onc aus esov er s uppl yi n t hemar k et . Thepr i c eof oi l dr oppedf r om as hi ghas$1 1 0perbar r el i n20 1 3t obel ow$28 perbar r el i n20 1 5,c r eat i ngas hoc ki ni nt er nat i onalec onomy ,r ar i ngi t si mpac ti nv ar i ousot hers ec t or s .Thi ss e v er edr opi noi l pr i c ec r eat edunc er t ai nt yi ni n v es t mentf or f ut ur eE&Ppr oj ec t s ,f or c edc uti ns pendi ng b yr e v i s i ng t he pr oďŹ t abi l i t ys t andar ds f or pr oj ec t st hust hr owi nga wa ypr oj ec t st hat no l ongerpas st hene ws t andar ds , andc aus ed mas s i v el a y of fofper s onneli nt heoi land g asc ompani es .I t hass ome what r ec ov er ed now,r eac hi ng a r ec enthi gh of$70 per bar r el , ands t i l l s t eadi l yi nc r eas i ng .
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Howe v er ,t hi sr ec ov er yr i ghtnow i s mai nl ydue t o pr oduc t i on c utdone i n an agr eementbet ween OPEC oi lpr oduc i ng c ount r i esandot herbi goi l pr oduc i ngc ount r i esl i k eRus s i a. Thi sc aus esf earof pr i c ei ns t abi l i t ys houl doi l pr oduc t i onoper at esat f ul l c apac i t y .Thi sc r eat ed pes s i mi s m f ort he f ut ur eof t heoi l andg asi ndus t r y .T h e r ec ent s t r uggl esof t heoi l andg asi ndus t r i es does n ’ tmeant hatwes houl dabandonoi l and g asi nt he f ut ur e.Oi land g asha v e bec ome s uc h an i nt egr at ed par tofour moder ns oc i et yt hati twoul dbeal mos ti mpos s i b l et os epar at et het wo . Idar ebett hat y ouar ear oundl ot sofpr oduc t st hatar er el at edonewa yoranot herwi t hoi landg as . Ha v ey oueat enanyv eget ab l esr ec ent l y ?
Ther ei sahugec hanc et hat i t gr owsus i ng f er t i l i z ermadeb ypet r oc hemi c al si ndus t r i es . Gues swhat ’ st hef eeds t oc kf ori t spr oduc t i on. Nat ur al g as , apr oduc t of t heoi l andg asi ndus t r y . Orha v ey oudr unkanybot t l edbe v er agesorboughts omet hi ngi nc on v eni enc e s t or e ar ound y ourhous er ec ent l y ?I fy ou ha v e,t hen y ou ’ v ej us tus ed pr oduc t st hat woul dn ’ t e x i s t wi t hout t heoi l andg asi ndus t r y , namel ypl as t i c .Orper hapsy out ur nedy our ai rc ondi t i oneron?Ther ef r i ger antus edt o c ool t heai rma yj us tbeanot herpr oduc tder i v edf r omoi l andg aspr oduc t s , pr oc es s edb y pet r oc hemi c al i ndus t r i es . Thedemandf oroi l andg aswi l l al wa y se x i s t , f orasl ongast her e ar enor adi c al s ubs t i t ut est opr oduc t st hat we us edai l y .Thi sdemandmai nl yc omesf r om pet r oc hemi c al ,ener gy ,and t r ans por t at i on s ec t or . Look i ngat t hepet r oc hemi c al i ndus t r y , Gr andVi e w Res ear c hpr oj ec t edi tt ogr ow f r om $51 5. 5bi l l i oni n20 1 4t oawhoopi ng $758. 3bi l l i oni n2022. Thi sgr owt hi npet r oc hemi c al i ndus t r i esi ndi c at est womai nt hi ngs t hats ugges tabet t erf ut ur ef oroi landg as . Fi r s t ,i tc aus esi sani nc r eas ei npet r oc hemi c alf eeds t oc kdemand,whi c hasi t sname s ugges t s ,pr oduc t sf r om t heoi landg asi ndus t r i es . Sec ond, s i nc epet r oc hemi c al i ndus t r yi sav er yener gyi nt ens i v ei ndus t r y ,ani nc r eas ei nener gydemandwi l lal s ooc c ur s , whi c hwi l l bemet b yt heoi l andg ass uppl y . Look i ngf r om t heener gyas pec t s ,ani nc r eas i ng pr es s ur et o us e a mor e en v i r onment al l yf r i endl ys our c eof ener gywi l l c aus es i ns hi f ti nc ount r i esener gymi xpr opor t i ons . Coal ,one oft he mos tpopul ars our c e of ener gyduet oi t sl owpr i c ehasahi ghc ar bon emi s s i on.The i nt er nat i onal pr es s ur e t o r educ eemi s s i onst oc ount r i esal l ar oundt he wor l dwi l l f or c ef or f ei t i ngofc oal t oot herl es s en v i r onment al l ydet r i ment al al t er nat i v es ,t wo of t hemai nc andi dat esar ef uel oi l andnat ur al g as . I t , i nf ac t , hasandi shappeni ng . BPSt at i s t i c alRe v i e w ofWor l dEner gy20 1 7s hows c oalc ons umpt i ondat aofv ar i ousc ount r i es . Chi naast hewor l d’ sbi gges tc oalc ons umer hass hownas t eadydec r eas ei nc oalc ons umpt i onf r om 1 969.
1 mi l l i on t ons ofoi lequi v al ent( t oe)t o 1 887 . 6mi l l i ont oei n20 1 6.USA al s os hows s i gni fi c antdec r eas ei nc oalc ons umpt i on f r om 454. 6mi l l i ont oei n20 1 3t o358. 4mi l l i on t oei n20 1 6.Thi sdr opwi l lbef ur t herc ompoundedb yadec r eas ei nc oalpr oduc t i on has oc c ur r ed i nc oalpr oduc i ng c ount r i es s uc hasChi na, USA, andI ndones i a. Thi spr opos i t i oni sv al i dat edb yani nc r eas e i n wor l d’ s oi land g as c ons umpt i on f r om 4220. 9mi l l i ont onsofoi land3383. 8bi l l i on c ubi cmet er sofg asi n20 1 3t o441 8. 2mi l l i on t onsand3542. 9bi l l i onc ubi cmet er si n20 1 6. Wi t h a pr oj ec t ed i nc r eas e ofwor l d ener gy c ons umpt i onashi ghas39% f r om 20 1 0t o 2030,t hi s ener gy mus tc ome f r om ot her s our c ebes i desc oal ,whi c hc oul dpot ent i al l y i nc r eas et hedemandof oi l andg as . Then,f r om t he t r ans por t at i on s ec t or , oneoft hec hal l engef ac edb yoi l andg asi ndus t r yi spr oduc t i onofbi of uel .Howe v er ,as i r oni casi tma ybe,t hepr oduc t i onofbi of uel wi l l bewhat k eepst hedemandf or oi l andg as . Fi r s tofal l ,nobi of uel i smadepur el yf r om r ene wab l esduet ov ar i ouspr ob l emsi nph y s i c al pr oper t i esofpur ebi of uel .Mos tbi of uelar e s ol dasami xbet weenpet r ol eum f uel sand bi of uel s wi t h onl y as hi gh as 27% of bi obas edf uel . Anot herf unnyt hi ngt oc ons i deri st hef eeds t oc kf orbi of uel , whi c hi smet hanol .Met hanoli t s el fi spr oduc edb yr eac t i ng s y ng asov erac at al y s t . Andhowdoy out hi nk s y ng asi smade?St eam r ef or mi ngofpet r ol eum pr oduc t ,whi c hwi l lf ur t heri nc r eas et he demandf oroi landg as . Wi t hapr oj ec t edi nc r eas eof 8. 2% pery ear , bi of uel wi l l beoneof t het hi ngst hatwi l l dr i v eoi l andg asdemand. Apr et t yi r oni cc y c l e, wher et het hi ngsi t want s t oel i mi nat ei swhat ’ sus edt opr oduc ei t ,t hus c aus i ng i nc r eas i ng demand f ort he v er y t hi ngsi t want st oel i mi nat e. I nc onc l us i on,t heoi landg asi ndus t r y , al t houghnotaspr omi s i ngasi tus edt obe,i s s t i l lapr et t ypr omi s i ngs ec t or . Thi si smai nl y duet opot ent i aldemandi nc r eas eofoi land g asduet ov ar i ouss ec t or ,es pec i al l ypet r oc hemi c al , ener gy , andt r ans por t at i on.
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#Your Sol eSi s t er : Fr om TheShoesUpT oTheHear t Jakar t a( 1/ 1 1/ 20 1 8)–SPEUISCj our nal i s mt eam hadac hanc et ohav eas mal lt al kwi t h Mr s . Kar aNugr ohoandMr s . Put r i Kat i andaast hef ounderofpv r a,al oc al br andwhi c hpr oduc t i sbeadeds andal ands hoes . Weas k edt hem about t hei rj our neyunt i l pv r ac oul dbeass uc c es s f ul asi ti snow. Let ’ ss eet heex c i t ementofouri nt er v i ewwi t ht hem downbel ow!
Whatdoespvr ast andf orandhowdi dpvr awasf ound?
Pv r ai ss hor t sf orourni c k name, Put r i andKar a. I t wases t abl i s hedonApr i l 20 1 5whenonl y Put r i andI( Kar a)t hatr unt hebus i nes s . I ts t ar t edbec aus eIl i k es hoesandPut r i l i k ej ewel r y ,s o wewant t omak es omet hi ngwhi c hi sac ombi nat i onf r om ourf av or i t es . At t hat t i me, t her ewasno br andont hel oc al mar k etwhi c hmai npr oduc t swer ebeadeds andal ands hoes . Sowet ooka c hanc et omak ei t .
Whatar eyourvi si onsi nest abl i shi ngpvr a?
Ourv i s i onsar et ol ookgood, f eel good, anddogood. Lookgoodmeanswewant peopl et o f eelc onfi dentandl ookgoodi nanyoc c as i onwi t hours hoes .Feelgoodmeanst hatwewant
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Pet r oI ns i ght .
peopl et of eel c omf or t abl ebywear i ngours hoesandf eel goodt oboughtourpr oduc tbyonl i ne s hoppi ng. Si nc eweal l k nowt hatbuy i ngpr oduc tv i aonl i nes hoppi ngi sneedi ngt r us t . Las tone i sdogood. Si nc epv r as hoesar emadebyc r af t s mani nI ndones i a,wewantt os uppor tt hef oot weari ndus t r yi nI ndones i a. Fort hebeads ,wear ehel pedbyhous ewi v eswhowantt owor k . By gi v i ngt hem j obs ,wec anhel pt hem t obeec onomi c al l yi ndependent . Weal s oc ol l abor at ewi t h I ndones i a' sfi r s theal t hc r owdf undi ngwebs i t e, WeCar e. i d,t ohel pequal i z eheal t hc ar et hr oughout I ndones i a. Pv r awi l l donat eapor t i onof t hes al esf orapat i ent i nneed. I t meanst hat weal s o i nv i t eourc us t omer st oal s odogoodaswel l asl ook i nggood. Thepur pos ei s , i f y ouar ewear i ng t hi ss hoeswhi c hy oul ef tt hef oot pr i nt ,i nt hi sc as ewewantt ot el ly out hatwher ev ery ougo , al way sr emembery ougot ol eav eagoodone.
I st her eanyobst acl est hatyouf acedwhi l er unni ngt hebusi ness?And howyoudealwi t hi t ?
Ofc our s e!Whent her ear eal otoff eedbac kf orourpr oduc t s ,we ’ r es t r i v edt omak eour pr oduc t sbet t er . Somet i mesc ons umer sf el tt hatourpr oduc t sar en ’ tc omf or t abl et owear ,s owe mak eours hoesmor ec omf or t abl e.I ft her ewasac ons umerc ompl ai ni ngaboutt hel oos e beads ,weguar ant eet her epai r .Cus t omer s ’ f eedbac kar et hi ngst hatmak esourbr andev en s t r onger . I ft her ear ec ompet i t or soranot herbr andt hatc opi edourpr oduc t ,t hat ’ sok ay . Wewi l l i nnov at eev enmor e. Webel i ev et hatGodk nowsbes tf orus .
Pvr at agl i nei s#Your Sol eSi st er , what ’ st hatact ual l ymeans?
I t ' ss i mpl e. Wewantpeopl ewhowor epv r aar ek i ndhear t edwomen.I ft hes ay i ngs ay s f r om t heey egoesdownt ot hehear t ,pv r as ay sf r om t hes hoest hengoesupt ot hehear t .
Ibel i evet hatent r epr eneur shavet hei rownr ol emodeli nest abl i shi ng t hei rbusi ness. Whoi syourr ol emodel ?
Forus ,ourf at her spl ayar ol eunt i l wec anes t abl i s ht hi sbus i nes s ,t heyal way senc our ages us . Ev ent houghourf at her sar enot her e, ourpar ent sal way st hought ust oal way sc heerupand nev ergi v eup .
Asanent r epr eneurwhocani nspi r et heyoungmi nds, doyouhaveamessaget opeopl et hatwantt ost ar tabusi ness? Webot hbel i ev et hati fy ouwantt os t ar tabus i nes s ,y ouhadt owor kfi r s t . T os t ar tabus i nes snott hats i mpl e.Fr om t hat ,y ouc angetex per i enc eandus ef ulk nowl edget haty ouc an appl ywheny ouwantt oc r eat eac ompanyors t ar tabus i nes s . ( Sel l ySet yo)
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Pet r oducat i on. Wat er I nj ec t i onT ec hni quesI nc r eas eRec ov er y i nConv ent i onal GasRes er v oi r s Pet r ol eum r es er v oi r sus ual l ys t ar twi t haf or mat i on pr es s ur ehi ghenought of or c ec r udeoi l i nt ot hewel l ands omet i mest ot hes ur f ac et hr ought het ubi ng. Howev er ,s i nc epr oduc t i oni si nv ar i abl yac c ompani edbyadec l i nei nr es er v oi rpr es s ur e,pr i mar yr ec ov er yt hr oughnat ur al dr i v es oonc omest oanend, henc e,as ec ondar yr ec ov er yi sneeded. I nt he wor l dofoi l andgasi ndus t r y ,t hemos tc ommon t ec hni queus edasas ec ondar ygas r ec ov er yi s gasc ompr es s i on. Bes i desi t ,anot herf eas i bl et ec hni quet hati sr ar el yex pl or edi swat eri nj ec t i on
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Anoper at orhopest oi nc r eas et her ec ov er yi nRes er v oi rTM20i nt heSor r el Fi el dof f s hor eT r i ni dadandT obagobyus eofwat eri nj ec t i ononc et het ec hni quei sdeemedmor eec onomi c al t hangasc ompr es s i on. I nt hi sc as e,pr i mar ygasr ec ov er yhasendedbec aus eofadec l i nei n t her es er v oi rpr es s ur e,t husmak i ngi tas ui t abl ec hoi c ef orwat eri nj ec t i on. Thewel l si nt her es er v oi rar edr i l l edf r om t heT amar i ndPl at f or m,whi c hal s oac t sasahubf ort hes epar at i onof fl ui dsf r om fi el dsi nt hei mmedi at ev i c i ni t y . Gas esandl i qui dsar epi pedt hr oughs epar at el i nes , wi t ht hel i qui dsheadi ngt ot heons hor el i qui dpr oc es s i ngf ac i l i t y . Howev er ,t hec ompanyc an modi f yt hepl at f or ms epar at or st ooper at ei nt hr eephas esandus et hepr oduc edwat erf ori nj ec t i on. Companyr ec or dss howt hatt heav er agewat er pr oduc t i onr at ef r om t hepl at f or mi sappr ox i mat el y5, 000BWPD. I ft hes hut i nwel l swer et obeopened,r oughl y1 0, 000BWPDofpr oduc edwat erand15MMs c f / Dofgaswoul dbeaddedf oreac hwel l unt i l l i qui dl oadi ng,t husi nc r eas i nggasout puts i gni fi c ant l Somemet hodol ogi est hatc anbedonet oi mpl ementt hi swat er i nj ec t i ont ec hni quei nc l udet he mat er i al bal anc emet hod,bui l di ngar es er v oi rmodel ,bui l di ngwel l model s ,orbypr oduc t i on f or ec as t i ng. Gener al l y ,al l met hodspr ov i deanes t i mat i onf ort heor i gi nal gasi npl ac ebyus i nga c ommer c i al s of t war epr ogr am,ex c eptf ort hemat er i al bal anc emet hod. Ex pl oi t i ngWat er I nj ec t i onT ec hni quesf orI nc r eas i ngGasRec ov er yi nConApaperent i t l ed“ v ent i onal GasRes er v oi r s , ”byKev al Dar v es hRambar an,SPE,Sar ahT ammi eChi nCheeFat , SPE,andLugar dEv ansLay ne,SPE,Uni v er s i t yof T r i ni dadandT obago,pr ov i despr oduc t i on andfi nanc i al s ummar i esf orgas c ompr es s i onandwat er i nj ec t i ons c enar i os . I tc onc l udest hat wat er i nj ec t i ony i el deds i mi l arnetc as hfl owst ogasc ompr es s i onov eral ongert i meper i od, whi c hes s ent i al l yt r ans l at est ol owernetpr es entv al uesandi nt er nal r at esofr et ur n. Ont he bas i sofs i mpl eec onomi cev al uat i onsandfi nanc i al es t i mat esder i v edf r om pr oj ec t sof f s hor e T r i ni dad,i ft hegaspr oduc t i onr ev enuef r om eac hoft hes hut i nwel l swasf ac t or edi nf orwat er i nj ec t i on,appr ox i mat el y$4. 55mi l l i onwoul dbeaddedperwel l i fal i f et i meof1y earwasas s umed. Al s o,i ft hes av i ngsf r om av oi di ngc ommer c i al wat erdi s pos al wasf ac t or edi nf orwat er i nj ec t i on,appr ox i mat el y$90. 50mi l l i onc anbec ons i der edasr ev enuef oreac hwat er i nj ec t i on s c enar i o. Dependi ngont hes i t uat i on,gasc ompr es s i onus i ngas mal l c ompr es s ori sani deal opt i onf orc ompanyt omeetc ont r ac tdemandsqui c k l y . Howev er ,i ft hec ompanyi sal r eady meet i ngi t sc ont r ac tdemand,t henwat eri nj ec t i oni sav i abl eopt i on. ( Nov i t aPundar i k a,St udy Res ear c hAs s oc i at e
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Fi el dTr i pTo Schl umber ger
SPEFI RST
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SPEdi t i on: #Pur s ueWhat s I nYou
St udentChapt erGat her i ng atTr i s akt i Uni ver s i t y
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SPE J OURNAL
ARemar kabl e OneYearwi t h SPEUI SC Aswer eachedt heendoft hes t ewar ds hi p, wewoul dl i k et ot hankal l oft he s t ak ehol der s , Boar dofDi r ect or s , officer sandes peci al l yt oourmember sf or t heamaz i ngoneyearf orSPE#Achi eve TheRemar kabl e. Hopef ul l y , t heex per i enceyouhavegot t encoul dhel pever yper s ont ogr owandhopeyoucan al wayscher i s hourmemor i es . Seeyounex tyear !
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MeetTheTeam.
J es s i caBal gani Di r ect orof Publ i cRel at i ons
Lut hямБyaNai f aPut r i Edi t orI nChi ef PETROMAX
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Maul i naAi ni Cr eat i veDes i gnerPETROMAX
AchmadRayhanYunus Vi deoEdi t orPETROMAX
Aul i aRez aRahmans yah Chi efofDes i gn PETROMAX
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Rai s aAul i aHani f ah CoDi r ect orof Fi nance
Sur yaAyu CoDi r ect orof Res ear chand Devel opment
J er emyAdi dya Di r ect orof Pr of es i onal i s m
RanyaJ amal A. Deput y Di r ect orof Tr ai ni ng
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Lut hfi yaNai f aPut r i Deput yDi r ect orof J our nal i s m
Pr ayogaByant ar a Deput yDi r ect orof Ext er nal Affai r s
SPEUI SC2018 Boar dsofDi r ect or .
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