Application of Inverted Umbrella Technique in Offshore

2021 ◽  
Author(s):  
Yogesh Pravin Parmar
Keyword(s):  
Oil And Gas ◽  
Gas Well ◽  
New Horizons ◽  
Safe Environment ◽  
Minimal Loss ◽  
Recent Innovation ◽  
New Challenges ◽  
The Government ◽  
Almost All ◽  
Safety And Environment

Abstract The oil and gas industries are setting a new achievement every day by fulfilling the energy security of almost all the nations. With the continuous rise in the demand of a hydrocarbon, industries are facing many new challenges while fulfilling it. One of the major concerns is the safety of an environment and safety of working professionals that HSE Department is continuously focused in. The industry has been in continuous upgradation since its inception to counter all the challenges. Inverted Umbrella Technique (IUT) is the recent innovation in the industry and this could be further more conceptualized by adding its role into the energy industries. This could turn out as a major breakthrough in the oil and gas domain from HSE perspective. The paper here aimed for providing efficient solution by setting up the system that could help us to drawdown the rising concern in the safety of the environment. Inverted Umbrella Technique (IUT) could roll down the new horizons for the offshore productions system in oil and gas industries. The concept is focused on the minimal loss of methane during exploitation of gas hydrates as well as focused on the prevention of oil spill and reducing the damage that blowout of oil or gas well can make to the environment while making sure that industries do not suffer any kind of major capital loss and making it safe for industries to not face many health, safety, and environment (HSE) norms that are decided by the government and most important is, it will help us to create a safe environment for aquatic species living around the offshore platform and nearby.

scholarly journals Financial Feasibility Study of Oil and Gas Well in Indonesia Case Study: New Oil and Gas Well in PT ABC

2021 ◽  
Vol 5 (6) ◽  
Author(s):  
Henni Rahman ◽  
Sylviana Maya Damayanti
Keyword(s):  
Risk Analysis ◽  
Economic Analysis ◽  
Oil And Gas ◽  
Capital Expenditure ◽  
Oil And Gas Industry ◽  
Gas Well ◽  
Gas Industry ◽  
Final Project ◽  
Split Method ◽  
The Government

PT ABC is a subsidiary of PT PXZ (state owned companies under SKK Migas and PT Pertamina supervision) which is engaged un upstream sector in Indonesia. Seeing the continuing decline in oil and gas reserves in Indonesia and increasing demand, the government request all upstream company to find more source. PT ABC is trying to continue to increase production of oil and gas by opening a new potential project. Revenue sharing will use the gross split method. The purpose of writing this final project is to help PT ABC analyze new projects that will be undertaken. The analysis is carried out by looking at the business situation externally and internally and will be followed by economic analysis and risk analysis to identify the factor that has impact of the project. External analysis shows that the oil and gas industry is still an attractive industry for the government to run and support. However, in its implementation the company have to follow the applicable regulations since oil and gas industry are one of the strategic industries. In addition to funding activities, PT PXZ as the holding company is in a healthy financial condition. The results of economic analysis on the PT ABC project show that this project can be implemented and will generate profits for the company. The NPV to be obtained is USD 46.701.182, the IRR obtained is 17.15%, PBP will last for 5.52 years, and the PI has a value of 1,98. From the risk analysis, there are several factors that affect the economic results of the project, namely the price of oil and gas, the percentage of oil and gas sales, capital expenditure, and the percentage of oil and gas split.

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

PENERAPAN ALGORITMA K-MEANS UNTUK PENGELOMPOKAN DAERAH RAWAN BENCANA DI INDONESIA

2019 ◽  
Vol 1 (2) ◽  
pp. 1-10
Author(s):  
Amril Mutoi Siregar
Keyword(s):  
Natural Disasters ◽  
Accurate Data ◽  
Disaster Victims ◽  
Central Java ◽  
North Sulawesi ◽  
Natural Beauty ◽  
Or Groups ◽  
Disaster Data ◽  
The Government ◽  
Almost All

Indonesia is a country located in the equator, which has beautiful natural. It has a mountainous constellation, beaches and wider oceans than land, so that Indonesia has extraordinary natural beauty assets compared to other countries. Behind the beauty of natural it turns out that it has many potential natural disasters in almost all provinces in Indonesia, in the form of landslides, earthquakes, tsunamis, Mount Meletus and others. The problem is that the government must have accurate data to deal with disasters throughout the province, where disaster data can be in categories or groups of regions into very vulnerable, medium, and low disaster areas. It is often found when a disaster occurs, many found that the distribution of long-term assistance because the stock for disaster-prone areas is not well available. In the study, it will be proposed to group disaster-prone areas throughout the province in Indonesia using the k-means algorithm. The expected results can group all regions that are very prone to disasters. Thus, the results can be Province West java, central java very vulnerable categories, provinces Aceh, North Sumatera, West Sumatera, east Java and North Sulawesi in the medium category, provinces Bengkulu, Lampung, Riau Island, Babel, DIY, Bali, West Kalimantan, North Kalimantan, Central Sulawesi, West Sulawesi, Maluku, North Maluku, Papua, west Papua including of rare categories. With the results obtained in this study, the government can map disaster-prone areas as well as prepare emergency response assistance quickly. In order to reduce the death toll and it is important to improve the services of disaster victims. With accurate data can provide prompt and appropriate assistance for victims of natural disasters.

Financial and Economic Support of Innovation Processes in the Russian Fuel and Energy Complex

2019 ◽  
Vol 12 (3) ◽  
pp. 77-85
Author(s):  
L. D. Kapranova ◽  
T. V. Pogodina
Keyword(s):  
Oil Recovery ◽  
Large Scale ◽  
Oil And Gas ◽  
New Technologies ◽  
Innovative Development ◽  
Oil Reserves ◽  
Energy Complex ◽  
Innovation Activities ◽  
Substantial Investment ◽  
The Government

The subject of the research is the current state of the fuel and energy complex (FEC) that ensures generation of a significant part of the budget and the innovative development of the economy.The purpose of the research was to establish priority directions for the development of the FEC sectors based on a comprehensive analysis of their innovative and investment activities. The dynamics of investment in the fuel and energy sector are considered. It is noted that large-scale modernization of the fuel and energy complex requires substantial investment and support from the government. The results of the government programs of corporate innovative development are analyzed. The results of the research identified innovative development priorities in the power, oil, gas and coal sectors of the fuel and energy complex. The most promising areas of innovative development in the oil and gas sector are the technologies of enhanced oil recovery; the development of hard-to-recover oil reserves; the production of liquefied natural gas and its transportation. In the power sector, the prospective areas are activities aimed at improving the performance reliability of the national energy systems and the introduction of digital technologies. Based on the research findings, it is concluded that the innovation activities in the fuel and energy complex primarily include the development of new technologies, modernization of the FEC technical base; adoption of state-of-the-art methods of coal mining and oil recovery; creating favorable economic conditions for industrial extraction of hard-to-recover reserves; transition to carbon-free fuel sources and energy carriers that can reduce energy consumption and cost as well as reducing the negative FEC impact on the environment.

American and Canadian Civil Actions Alleging Human Rights Violations Abroad by Oil and Gas Companies

2008 ◽  
Vol 45 (3) ◽  
pp. 653 ◽  
Author(s):  
Jonathan Horlick ◽  
Joe Cyr ◽  
Scott Reynolds ◽  
Andrew Behrman
Keyword(s):  
Human Rights ◽  
Oil And Gas ◽  
The United States ◽  
Human Rights Violations ◽  
Law Of Nations ◽  
Forum Non Conveniens ◽  
The Government ◽  
Oil And Gas Companies ◽  
Political Question ◽  
The U.S

Under the United States Alien Tort Statute, which permits non-U.S. citizens to bring lawsuits in U.S. courts for human rights violations that are violations of the law of nations, plaintiffs have filed claims against multinational oil and gas corporations for the direct or complicit commission of such violations carried out by the government of the country in which the corporation operated. In addition to exercising jurisdiction over U.S. corporations, U.S. courts have exercised jurisdiction in cases involving non-U.S. defendants for alleged wrongful conduct against non-U.S. plaintiffs committed outside the U.S.The exercise of jurisdiction by U.S. courts over non-U.S. defendants for alleged wrongful conduct against non-U.S. plaintiffs committed outside of the U.S. raises serious questions as to the jurisdictional foundation on which the power of U.S. courts to adjudicate them rests. Defences that foreign defendants can raise against the exercise of jurisdiction by the U.S. courts are an objection to the extraterritorial assertion of jurisdiction, the act of state doctrine, the political question doctrine, forum non conveniens, and the principle of comity. These defences are bolstered by the support of the defendant’s home government and other governments.

Graubündens Wald im Fokus | Focus on the Grisons forest

2009 ◽  
Vol 160 (7) ◽  
pp. 195-200
Author(s):  
Reto Hefti
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Natural Hazards ◽  
Positive Attitude ◽  
Production Costs ◽  
Raw Material ◽  
Intensive Use ◽  
Form Part ◽  
New Challenges ◽  
The Government

In the mountainous canton Grisons, much visited by tourists, the forest has always had an important role to play. New challenges are now presenting themselves. The article goes more closely into two themes on the Grisons forestry agenda dominating in the next few years: the increased use of timber and climate change. With the increased demand for logs and the new sawmill in Domat/Ems new opportunities are offered to the canton for more intensive use of the raw material, wood. This depends on a reduction in production costs and a positive attitude of the population towards the greater use of wood. A series of measures from the Grisons Forestry Department should be of help here. The risk of damage to infrastructure is particularly high in a mountainous canton. The cantonal government of the Grisons has commissioned the Forestry Department to define the situation concerning the possible consequences of global warming on natural hazards and to propose measures which may be taken. The setting up of extensive measurement and information systems, the elaboration of intervention maps, the estimation of the danger potential in exposed areas outside the building zone and the maintenance of existing protective constructions through the creation of a protective constructions register, all form part of the government programme for 2009 to 2012. In the Grisons, forest owners and visitors will have to become accustomed to the fact that their forests must again produce more wood and that, on account of global warming, protective forests will become even more important than they already are today.

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