Corporate Strategy to Tackle Offshore Drilling Discharge Regulation

Oil and gas companies are facing an enormous challenge to create value from mature fields. Moreover, price volatility presents a massive impact on project uncertainties. Therefore, robust portfolio management is essential for oil and gas companies to manage critical challenges and uncertainties. The objective of this study is to develop a robust portfolio model to assist top management in oil and gas companies to drive investment strategy. PRIME (Pertamina Investment Management Engine) has been built to visualize advanced oil and gas project portfolio management. The engine observes the relationship between risk-and-return as the main framework drivers. The profitability index is endorsed as a parameter to envisage the investment effectiveness of individual projects. Correspondingly, the risk index is a manifestation of multi-variable analysis involving subsurface uncertainty and price. A nine clusters "tactical board" matrix is provided as the outcome of PRIME to define generic strategy & action plans. The PRIME analysis leads to a dual theme of perspective: both macro and micro-scale. The macro-scale discovers a diversification of strategy and scenario development to achieve long-term objectives. Whereas, micro-scale perspective generates a detailed action plan in a particular cluster as a representation of the short and mid-term corporate strategy. Several strategies and action plans have been recommended, including advanced technology implementation, new gas commercialization, additional incentives in the Production Sharing Contract, tax management renegotiation, and project portfolio rebalancing

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

Proc of Indonesian Petroleum Association 42nd Annual Convention ◽

10.29118/ipa19.se.343 ◽

2018 ◽

Author(s):

A. D. Wara

Keyword(s):

Offshore Drilling ◽

Production Platform ◽

Conceptual Study ◽

Marginal Field

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Drilling and Service Contracts in Offshore Oil and Gas Operations

Alberta Law Review ◽

10.29173/alr628 ◽

1973 ◽

Vol 11 (3) ◽

pp. 480

Author(s):

J. M. Killey

Keyword(s):

Oil And Gas ◽

Oil Industry ◽

Offshore Drilling ◽

Oil Companies ◽

Drilling Rig ◽

Service Contracts ◽

Oil And Gas Operations ◽

Offshore Oil And Gas ◽

Offshore Oil ◽

Offshore Operations

As onshore oil and gas deposits are becoming more difficult to locate, and as the world demands for energy continue to increase at an alarming rate, oil companies are channeling much of their exploration activities towards offshore operations, and in particular, towards operations centered off Canada's coast lines. Because of the environment, offshore drilling presents problems which are novel to the onshore-geared oil industry. J. M. Killey discusses in detail many of the considerations involved in drafting the offshore drilling contract, concentrating on problems such as the liability of the various parties; costs; scheduling; pollution; conflict of laws; etc. Similarly, he discusses service contracts (such as supply boat charters; towing services; helicopter services; etc.^ which are necessity to the operation of an offshore drilling rig. To complement his paper, the author has included number of appendices which list the various considerations lawyer must keep in mind when drafting contracts for offshore operations.

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