introduction to oil & gas industry for economic student
TRANSCRIPT
By Puput Aryanto Risanto
Presented for Accounting Study ProgramFaculty of Business and Information Technology
University of Technology of Yogyakarta30 April 2015
Oil & Gas in Our LifeHistory of Oil & GasOil & Gas IndustryUpstream Industry Petrole m Licensing S stem Petroleum Licensing SystemOrganization Chart Petroleum Economics Petroleum Economics Typical Oil & Gas CompanyOil & Gas Industry CharacteristicyWhy Working in Oil & Gas About the AuthorQ&A
Energy for : Transportation (Gasoline, Diesel Fuel, Aviation
Fuel, NGV) Power Plant Industry & Household (CNG LPG etc) Industry & Household (CNG, LPG, etc)
Raw Materials for : Plastic & Polymery Basic Chemical Substances Petrochemical Product
Infrastructure : Asphalt
Oil was formed from the remains of Oil was formed from the remains of animals and plants that lived millions of years ago Over the years the remains years ago. Over the years, the remains were covered by layers of mud. Heat and pressure from these layers turned theminto crude oil & gas. The word "petroleum" means "rock oil" or "oil from th th "the earth."
Upstream Midstream Downstream
Upstream : Explore (find new source), Drill, and Produce (lift oil & gas
into surface) into crude oil and/or natural gas forminto surface) into crude oil and/or natural gas form Midstream :
Transport crude oil via pipeline, truck, or crude oil tankerN t l G Li fi ti i t LNG Natural Gas Liquefication into LNG
Transport natural gas via pipeline, truck, or LNG carrier LNG regasificationD t Downstream : Process crude oil in a refinery Process natural gas into chemical products in
petrochemical plantpetrochemical plant Convert heat energy from natural gas into electricity in a
power plant
U t Mid t D tUpstream Midstream Downstream
Exploration Appraisal Development Production Abandonment
Exploration : Find a new oil & gas reservoir
Appraisal : Appraisal : Ensure new finding is commercially feasible
Development :D l f f ili i & il & Develop surface facilities to extract & process oil & gas from the reservoir
Production : Produce oil & gas and maintain the facilities until end of
field life / contract period Abandonment :
Close the production and return the field into original condition
Consession Production Sharing Contract (PSC) Risk Service Contract (RSC)
PSC i h id l d d d fi PSC is the most widely used today and first time introduced by Pertamina.
President
Exploration & Subsurface
Production & Development
Finance & General Support
Exploration
New Block
Subsurface
Well Maintenance
Production
Operation
Development
Project -Greenfield
HSE
OH & S
Finance
Accounting
HR & Support
HR
Existing Block Reservoir Engineering Maintenance Project -
Brownfield Process Safety Tax Public Relation
Environment Cost Control Legal
Commercial
SCM
ITIT
Logistic
40 EXPLORATIONPRODUCTION
30APPRAISAL
10
20
Revenue
DEVELOPMENTABANDONMENT
-10
0
-20
-10 -9 -8 -7 -6 -5 -4 -3 -2 -1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Year
Revenue
Year
Oil & Gas Company A company which have a block to explore /
produce or both
Oil S i C Oil Service Company A company which doesn’t have a block, but
provide materials or service to Oil Company, p p y,consists of : Vendor (provide materials / equipments) Consultant (provide services) Consultant (provide services) Contractor (provide both materials, equipments, and
services)
High RiskHigh RiskHigh Capital Extensive Technology Extensive Technology Long Term Investment
Piper Alpha Incidents, North Sea, 1988. Only 59 survivor from 226 Personnel On Board
PROS Relatively High Compensation Multidiscpline Dynamic Environment
CONS High Risk High Risk Remote Area Working during Holidayg g y
Puput Aryanto Risanto had more than 10 years experience in Oil & Gas industry. During this experience in Oil & Gas industry. During this slides presented, he was working for Petronas Carigali Sdn Bhd at Kuala Lumpur, M l i P i l h k d f P i Malaysia. Previously he worked for Premier Oil at Jakarta and Total E&P Indonesie at Balikpapan, East Kalimantan. His expertisesBalikpapan, East Kalimantan. His expertisesincluded joint venture management, project engineering and management, electrical
i i i d engineering, construction management, and recently deep water development. He can be contacted at aryantorisanto@yahoo comcontacted at [email protected]
