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.

2021 ◽  
Author(s):  
I.A. Firdaus
Keyword(s):  
Oil And Gas ◽  
Economic Value ◽  
Gas Production ◽  
Coal Bed ◽  
Production Sharing ◽  
High Investment ◽  
The Government ◽  
Exploration Period ◽  
Production Areas ◽  
Testing Standards

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 Indonesia. Twelve years later, only one PSC has submitted a Plan of Development but has not yet produced gas commercially. Most CBM PSCs have been struggling during the 10 years’ exploration period and some may receive extensions for 3 years under specific conditions. The lack of integrated authorities’ approval in the overlay of coal mining and natural gas production areas has become a great obstacle for CBM Development. Besides that, the government regulations in CBM activities have defects in PSC contract terms that may lead marginal economic value for contractors, especially due to high investment during the early development (C. Irawan, 2017). On the other hand, drilling regulations, Pipe Classing standards and Testing Standards following the Oil and Gas standards are too expensive for CBM Investment. According to our observations, CBM Regulations in Indonesia should be modified starting from the Exploration period, Production Sharing Contract Terms and Standard Operating Procedures to suit Indonesian CBM characteristics. Good coordination within government departments is a must for the success of CBM Exploration and Development.

Legal Safeguards in Egypt's Petroleum Concession Agreements

2008 ◽  
Vol 22 (4) ◽  
pp. 387-396
Author(s):  
Minas Khatchadourian
Keyword(s):  
Host Country ◽  
Oil And Gas ◽  
Gas Production ◽  
Foreign Investors ◽  
Oil Companies ◽  
Production Sharing ◽  
Arbitration Clause ◽  
Legal Perspective ◽  
The Government ◽  
Oil Company

This article deals with the concession contracts for the exploration and the production of oil and gas in Egypt. Such tripartite contracts are concluded between the Government of Egypt (GOE) as the host country, a National Oil Company (NOC) as the concession holder and an international oil company (IOC) as the foreign contractor who receives a part of the oil or gas production on a production sharing agreement (PSA). From an Egyptian legal perspective, this contract is qualified as a State contract which is supposed to give the Government some exorbitant powers towards its counterparts. However, in order to attract foreign investors into this kind of agreement and encourage international oil companies to explore natural resources, several legal safeguards are incorporated in the concession agreement. Examples of this include placing the contract in the framework of a legislative act, granting the contract a supremacy on any contrary legislation, stabilization clause, adaptation of the contract through renegotiation, arbitration clause, etc.

IMPLIKASI BERUBAHNYA KONTRAK BAGI HASIL (PRODUCT SHARING CONTRACT) KE KONTRAK BAGI HASIL GROSS SPLIT TERHADAP INVESTASI MINYAK DAN GAS BUMI DI INDONESIA

2018 ◽  
Vol 6 (2) ◽  
pp. 160
Author(s):  
Andrey Hernandoko ◽  
Mochammad Najib Imanullah
Keyword(s):  
Oil And Gas ◽  
Secondary Data ◽  
Gas Production ◽  
Cost Recovery ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Internal Rate ◽  
Production Sharing ◽  
The Government ◽  
Construction Works

<p>Abstract<br />This study is aimed to know the differences between Product Sharing Contract and Gross Split along with the effects that appear in investment sector on the change of Product Sharing Contract to Gross Split. This study is based on the result of normative law study which has descriptive characteristic. The kind of data which was used was secondary data which was obtained by using literature review data collecting technique, the next was analyzed by doing law interpretation systematically. Systematic means by making classifications toward those written law materials to ease analysis and construction works. The results of this study showed the differences between Production Sharing Contract and Gross Split were that in Gross split has no longer familiar with cost recovery and base split in gross split were 57%:43% for oil production and 52%:48% for natural gas production. Moreover, in Gross split there was no First Tranche Petroleum and inside Gross Split there were variable components and progressive components to the additional of contractor split. Beside that, the authority of SKK Migas in the post implementation of Gross Split was changed in their orientations into focusing on exploration production, security, work safety, domestic component,even human resources matter. The second, Gross Split could give and increase oil and gas investmentclimate in Indonesia because it was more profitable than PSC. This was showed from Internal Rate of Return (IRR) Gross Split which bigger than PSC (Gross Split 28,8%, PSC 24,8%) if the contractor is efficient in operating and managing faster time than Production Sharing Contract, but the government needs to make a rule in Gross Split become Government Regulations and make easier the permission so that it can optimize oil and gas investment situation in Indonesia.</p><p>Key words: product sharing contract; gross split; implication; investment.</p><p>Abstrak<br />Kajian ini bertujuan untuk mengetahui perbedaan antara Kontrak Bagi Hasil (Product Sharing Contract) dan Kontrak Bagi Hasil Gross Split serta akibat yang ditimbulkan di bidang investasi atas perubahan Kontrak Bagi Hasil (Product Sharing Contract) ke Kontrak Bagi Hasil Gross Split. Kajian ini didasarkan atas  hasil  kajian  hukum  normatif  yang  bersifat  deskriptif.  Jenis  data  yang  digunakan  berupa  data sekunder yang diperoleh teknik pengumpulan data studi pustaka, yang selanjutnya dianalisis dengan melaksanakan penafsiran hukum secara sistematis. Sistemasi berarti, membuat klasifikasi terhadap bahan-bahan hukum tertulis tersebut, untuk memudahkan kerjaan analisa dan konstruksi. Hasil dari kajian ini menunjukkan perbedaan antara Production Sharing Contract dengan Gross Split adalah dalam Gross Split sudah tidak mengenal cost recovery dan base split dalam gross split adalah 57%:43% untuk produksi minyak dan 52%:48% untuk produksi gas bumi. Selain itu di dalam Gross Split sudah tidak ada lagi First Tranche Petroleum, dan di dalam Gross Split terdapat komponen variabel dan komponen progresif untuk tambahan split kontraktor. Selain itu kewenangan SKK Migas pasca penerapan Gross Split berubah orientasinya menjadi fokus pada produksi eksplorasi, keamanan, dan keselamatan kerja, Tingkat Komponen Dalam Negeri (TKDN), hingga persoalan sumber daya manusia. Yang kedua, Gross Split dapat memberikan iklim investasi migas di Indonesia meningkat karena lebih menguntungkan dari PSC. Hal ini terlihat dari Internal Rate of Return (IRR) Gross Split yang lebih besar yakni sebesar 28,8% daripada PSC yang hanya 24,8% jika kontraktor dapat efisien dalam beroperasi dan efisiensi waktu yang <br />lebih cepat daripada Production Sharing Contract, namun pemerintah perlu membuat aturan Gross Split  menjadi Peraturan Pemerintah dan lebih mempermudah perizinan agar dapat mengoptimalkan suasana investasi migas di Indonesia.</p><p>Kata Kunci: kontrak bagi hasil; kontrak bagi hasil gross split; implikasi; investasi.</p>

scholarly journals BENTUK PERLINDUNGAN HUKUM TERHADAP KEKAYAAN MINYAK DAN GAS BUMI SEBAGAI ASET NEGARA MELALUI INSTRUMEN KONTRAK

2018 ◽  
Vol 2 (3) ◽  
pp. 471
Author(s):  
Faizal Kurniawan
Keyword(s):  
Oil And Gas ◽  
Gas Production ◽  
The State ◽  
Oil And Gas Production ◽  
State Immunity ◽  
Production Sharing ◽  
General Welfare ◽  
The Government ◽  
Main Instrument ◽  
Government Contract

State has the power to manage natural resources for the sake of social justice, the general welfare and are used as much as possible the greatest benefit for the greatest welfare of people. Contract law is the main instrument used to protect the state assets including oil and gas. Production Sharing Contract as a legal safeguard for oil and gas, is a fundamental pillar in the effort and utilization management activities of oil and gas. In the contracts involving the Government, called government contract, there is a unique characteristic which is not entirely subject to private law. In principle, the state should not be harmed, called as state immunity. This principle also applies universally in the interest of protecting the state assets. Keywords: Production Sharing Contract, Government Contract, State Immunity, Protection of State Assets Clause.

scholarly journals Analisis Risiko Pengadaan Tanah Untuk Eksplorasi dan Eksploitasi Minyak dan Gas Bumi (Studi Kasus : PT.Pertamina EP- Paku Gajah Development Project)

2020 ◽  
Vol 1 (I) ◽  
pp. 93-126
Author(s):  
Presetyo Firgianto ◽  
Prof. Dr. S. Pantja Djati, M.Si., MA
Keyword(s):  
Public Interest ◽  
Oil And Gas ◽  
Development Project ◽  
Gas Production ◽  
Land Acquisition ◽  
Government Programs ◽  
Oil And Gas Production ◽  
The Public ◽  
The Government ◽  
Quantitative Descriptive

Upstream oil and gas activities both searching up to oil and gas production are government programs where activities are regulated in legislation. Before drilling, to obtain oil and gas reserves, the need for land for drilling activities is a step that must be passed. Since the upstream oil and gas activities are government programs, the government guarantees the availability of land for such activities that can be classified into the public interest and set forth in Law No. 2 of 2012 on Land Procurement for Development for the Public Interest.               The formulation of the problem in this research is : How the stages of activities Land acquisition for the public interest PT.Pertamina EP - Paku Gajah Development Project?, What are the opportunities and impacts at each stage of the activity ? Land acquisition for public interest PT.Pertamina EP - Paku Gajah Development Project ?, and How is the mitigation effect of each stage of Land Acquisition activities for This research uses semi-quantitative descriptive method. The data collection tool used is questionnaire with liekert scale (1-5). The results of this study indicate that the stages of land acquisition for the public interest consists of planning, preparation, implementation, and delivery of results.

scholarly journals Analisis Curse Theory pada Sumber Daya Alam Migas Bagi Warga Madura

2018 ◽  
Vol 14 (1) ◽  
pp. 12
Author(s):  
Mohammad Hidayaturrahman
Keyword(s):  
Oil And Gas ◽  
Gas Production ◽  
Community Empowerment ◽  
Government Programs ◽  
Oil And Gas Production ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
State Income ◽  
The Government ◽  
Oil And Gas Sector

Government policies in natural resource management, especially in the oil and gas sector face a lot of problems. However, the government also has a responsibility to improve the life of people affected from oil and gas exploration and production activities. This research was aimed at investigating how the implementation of policies run by the central and local government toward the oil and gas management and community empowerment, especially the community located closely  to oil and gas exploration and production activity in Madura, East Java. This research method is phenomenological research using descriptive qualitative approach. Therefore, this study is conducted through direct observation on the object during the research time. The data collection is done through observation and interview. The results of this study revealed that it is needed an integrated step done by the government, vertically, whether central, provincial, district, and village to synchronize oil and gas management and community empowerment programs. By doing so, the ideas and desires to improve the welfare and increase the state income will be realized, especially in focusing corporate and government programs improving citizen’ economic and education, whose area becomes the location of oil and gas production.

Experimental Study of Tsunami-Type Waves Impact on Soil near Foundation of Offshore Gravitational-Type Platforms

2015 ◽  
Vol 725-726 ◽  
pp. 306-316 ◽  
Author(s):  
Nikolay Dmitrievich Belyaev ◽  
Vladimir Valintinovich Lebedev ◽  
Anastasy Valerjevna Mishina ◽  
Igor Sergeevich Nudner ◽  
Konstantin Konstantinovich Semenov ◽  
...  
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Gas Production ◽  
Wave Flow ◽  
Offshore Platforms ◽  
Sea Waves ◽  
Oil And Gas Production ◽  
Scour Holes ◽  
Foundation Block ◽  
The Government

The need to study the problem of seabed local scour near offshore platforms has arisen in Russian Federation in connection with the activation of oil and gas production from fields located in coastal areas of seas (in accordance with the Energy Strategy for the period up to 2030, approved by the Government of the Russian Federation on November 13, 2009, No1715-p). Operation of offshore platforms is characterized by a number of features: shallow water areas; severe storm conditions; large transverse dimensions of structures that cause waves diffraction; the variety of used structure forms; the way of platform mounting on the seabed. During platform operation in the shallow waters, its basement soil is under an intense impact of sea waves, currents, as well as jets from engine of coming and berthing ships. The structure disturbs the natural wave flow. Near the platform, flow velocity increases, there are vortexes breakaway from platform corner edges. Scour holes appear and progress near platform foundation. Their location and measure depend on the parameters of external impacts, on the water depth, on the shape and dimensions of the foundation block.

Collective Knowledge for Industrial Disaster Prevention

2017 ◽  
Author(s):  
Sarah Maslen
Keyword(s):  
Risk Management ◽  
Organizational Performance ◽  
Oil And Gas ◽  
Economic Value ◽  
Gas Production ◽  
Accident Risk ◽  
Disaster Prevention ◽  
Information And Communications Technologies ◽  
Industrial Disaster ◽  
Major Accident

Since the 1990s there has been an increasing interest in knowledge, knowledge management, and the knowledge economy due to recognition of its economic value. Processes of globalization and developments in information and communications technologies have triggered transformations in the ways in which knowledge is shared, produced, and used to the extent that the 21st century was forecasted to be the knowledge century. Organizational learning has also been accepted as critical for organizational performance. A key question that has emerged is how knowledge can be “captured” by organizations. This focus on knowledge and learning demands an engagement with what knowledge means, where it comes from, and how it is affected by and used in different contexts. An inclusive definition is to say that knowledge is acquired theoretical, practical, embodied, and intuitive understandings of a situation. Knowledge is also located socially, geographically, organizationally, and it is specialized; so it is important to examine knowledge in less abstract terms. The specific case engaged with in this article is knowledge in hazardous industry and its role in industrial disaster prevention. In hazardous industries such as oil and gas production, learning and expertise are identified as critical ingredients for disaster prevention. Conversely, a lack of expertise or failure to learn has been implicated in disaster causation. The knowledge needs for major accident risk management are unique. Trial-and-error learning is dangerously inefficient because disasters must be prevented before they occur. The temporal, geographical, and social scale of decisions in complex sociotechnical systems means that this cannot only be a question of an individual’s expertise, but major accident risk management requires that knowledge is shared across a much larger group of people. Put another way, in this context knowledge needs to be collective. Incident reporting systems are a common solution, and organizations and industries as a whole put substantial effort into gathering information about past small failures and their causes in an attempt to learn how to prevent more serious events. However, these systems often fall short of their stated goals. This is because knowledge is not collective by virtue of being collected and stored. Rather, collective knowing is done in the context of social groups and it relies on processes of sensemaking.

The Economics and Feasibility of Traceability in Agri-Food Supply Chain: Analysis with Game Theory between Double Oligarchs

2013 ◽  
Vol 397-400 ◽  
pp. 2574-2580 ◽  
Author(s):  
Jin Chao Wu ◽  
Chen Xi Wu ◽  
Yan Ping Liu
Keyword(s):  
Supply Chain ◽  
Food Supply ◽  
Economic Value ◽  
Theoretic Model ◽  
Food Supply Chain ◽  
Traceability System ◽  
Game Equilibrium ◽  
Control Food ◽  
High Investment ◽  
The Government

Traceability is a useful approach to reduce information asymmetry and control food safety risks in agri-food supply chain. However at the present stage where development of traceability system in China is not mature, food processors have to take high investment of traceability and benefits into consideration in economic aspect. The paper builds a game-theoretic model to analyze the economic value and feasibility of traceability in agri-food supply chain. It is found that there may be different situations in which the game equilibrium outcomes between two processors are different. However, if the government intervenes, it is shown that government can take action to guide the game equilibrium to the result that both the processors will implement traceability voluntarily.

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