PETRO JOURNAL
JANUARY 2019 EDITION JOURNALISM SPE ITS SC 2018/2019
Monthly Recap
Flash News
Company Profile
Flash Course Competition Info
INDEX
ALUMNI DAY
Warung Pasta, Kemang, Jakarta - 19th January 2019 On Saturday, 19th January 2019 SPE ITS SC Invited all of the Ex Member or The Alumnus of SPE ITS SC to attend Alumni Day. This event was held at Warung Pasta kemang, Jakarta. Attended by Approximately 20 Participants, the Alumni day was a successful and fun for both the Alumnus and for the BOC of SPE ITS SC. The Ex members shared lots of motivating stories, while they also shared their thoughts about the work life after graduating from college. This event was one of the tools for the members and ex members to know each other better and to share their experiences.
MONTHLY RECAP
FLASH NEWS
Indonesia to offer 10 oil, gas blocks this year By Stefanno Reinard Sulaiman TheJakartaPost January 14, 2019
Energy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto has said the ministry plans to offer 10 oil and gas blocks in two auction phases. Speaking at the weekend Djoko said that first auction phase will involve the Anambas, West Ganal and West Kaimana blocks as well as two exploitation blocks -- West Kampar and Selat Panjang and the auction process would be opened before the end of this month. Oil and Gas Director General Djoko Siswanto
Source: The Energy and Mineral Resources Ministry
FLASH NEWS
“It [the first auction] will kick off this month. We have just finished the terms and conditions,” he said. West Ganal Block is actually a cut-off field from US-based energy giant Chevron’s Makassar Strait Block, which has been excluded from the Indonesia Deepwater Development (IDD) mega gas project. In 2018, the ministry signed off nine exploration blocks through auction schemes, three of which were agreed in December. The three are the South Andaman offshore block in Aceh, South Saka Kemang onshore block in South Sumatra and Maratua onshore block in Central Java. (bbn) Source: https://www.thejakartapost.com/news/2019/01/14/indonesia-to-offer-10-oil-gas-blocksthis-year.html
COMPANY PROFILE
Established in 1984, PT Apexindo Pratama Duta Tbk is the only Indonesian drilling contractor with offshore and onshore drilling capacity for the oil and gas, geothermal and coal bed methane industries in Indonesia, Brunei Darussalam, Myanmar, Australia, the Middle East, and the United States. With its high quality and highly maintained fleet of seven offshore rigs (3 jack-up and 4 swamp barges), eight onshore rigs and one FPSO (Floating Production Storage and Offloading) vessel, Apexindo has been drilling for clients which include some of the largest international and domestic energy companies, such as Total E&P Indonesie, Chevron, Pertamina, VICO Indonesia, Santos, ExxonMobil, ConocoPhillips, MedcoEnergi, Hess, BP, PetroChina, Lundin, Crescent Petroleum, Pearl, Statoil, Anadarko, and Devon.
PHOTO: APEXINDO.COM
Head-officed in SCBD Jakarta, its first offshore rig was a submersible swamp barge built in 1992 called Maera in Sembawang Shipyad, Singapore. Later, the company was listed on Indonesia Stock Exchange in 2002 under the Main Board. In 2009, the company performed a voluntary delisting related to Capital Market regulations pertaining to chain listing. In June 2013, Apexindo successfully relisted its shares at IDX with APEX as its ticker. And in 2014, Apexindo successfully renewed three of its certification systems, settled Apexindo Pratama Duta II Year 2009 Seri B IDR Bonds, merged with its holding company, PT Apexindo Energi Investama, and welcomed the newly-built jack up rig, called Tasha.
COMPANY PROFILE
PHOTO: APEXINDO.COM Being the only Indonesian drilling contractor, Apexindo has multiple area of operations, including Bengkulu, Cilegon, Balikpapan, Java Sea, Purwokerto, Mahakam, Bunyu Island, Tondano, and many others. All of the company's onshore rigs are located throughout Indonesia. Apexindo acquired these land rigs in 2001, as a result of its merger with PT Medco Antareja, a company specialized in onshore drilling services that was established in 1983. As of per 31 January 2019, its shareholder structure is PT Aserra Capital that owns 72.89% and public that owns 27.11%. Apexindo’s reliable performance throughout decades has been rewarded by trust and recognition from its clients. The Company obtained ISO 9001:2000 certification for Quality Management System in 2005, later upgraded in 2008 by obtaining ISO 9001:2008 certification. In 2011, Apexindo obtained ISO 14001:2004 certification in Environment Management Systems and OHSAS 18001:2007 certification in Safety and Health Management Systems. Source: http://www.apexindo.com/
FLASH COURSE
What are fixed platforms? Fixed platforms are shallow-water rigs that can be physically attached to the sea floor. They stand on legs of steel or concrete that are piled into the sea floor, or rely on their own weight to remain fixed in place. These platforms are stable, and resilient to wind and water movements – but are only financially viable in shallow waters, usually up to 150m in depth. All offshore structures must function safely for at least 25 years – and fixed platforms are no exception. The fatigue loads on fixed legs is so great, that non-floating platforms can only be used in shallow, coastal waters.
Types There are five main types of fixed platform, ranging from the conventional fixed platform used at depths of up to 150m, to the tension leg platform that can be used at depths of 2000m. Conventional fixed platforms Conventional fixed platforms, or FPs, can be constructed of steel jacket or concrete caisson. The former are rigs primarily made using tubular steel piled into the sea floor, whilst caisson rigs feature submersed oil storage tanks that allow them to be constructed in very shallow water, and then floated to their final position. Both types of FP have very long life cycles, and feature a large deck with space for crew facilities, production operations, and drilling rigs. Compliant towers Tower platforms are narrow rigs with a flexible tower below the deck, extending all the way down to the sea floor. They are similar to FPs, but have a much smaller footprint, and the flexibility of their tower means they can move with the pressures exerted by deeper and rougher waters. CTs are also far more robust than floating rigs, so can withstand major weather events in depths of up to 1000m. There are two types of tower platforms – the freestanding tower, which features no additional mooring beyond its slightly wider base, and the guyed tower, requiring lengthy guy lines to keep the structure level. Both types keep their piling in the centre of the rig to reduce stress further.
FLASH COURSE
Tension leg platforms Sometimes included in the floating platform group, tension leg platforms, or TLPs, are buoyant platforms kept stable by hightension moorings, or tendons. These moorings link the hull to a template affixed to the sea bed. Most TLPs feature a hull kept buoyant by four air-filled columns, much like a semi-submersible. The tethers in a TLP are incredibly stiff, eliminating nearly all vertical movement, and allowing the wellheads for production to be located on deck – giving much more control over the production from the reservoir. Seastar platforms Seastar platforms are similar to TLPs, but are semi-submersible rigs with a subsurface starshaped lower hull that is filled with water when drilling. This lower hull is star-shaped, and is the point from which the tendons extend. As a combination of both semisubmersible technology and tension-leg design, these platforms are kept under constant tension. The platform can move laterally, but not vertically, due to the opposing forces of buoyancy and tension. They are typically used for smaller reservoirs of depth up to 1000m, where full-scale TLPs are not financially viable.
Gravity-based structures Gravity-based structures are steel reinforced concrete platforms containing cells that can be used to control buoyancy when sinking the rig in place. Gravity-based structures are used for depths of between 20m and 300m, and require a preliminary survey of the sea floor before being sunk due to the extreme pressure exerted on the bed. No other tethers, tendons, or guys are used to keep the structure in place – and they have comparatively large footprint.
FLASH COURSE
Common concerns with fixed platforms The main drawback with fixed platforms is that they can only be deployed up to a maximum depth of around 1500m, and cannot be moved once installed. With the exception of the seastar, this means that the success of a fixed platform operation depends on the continuing productivity of the field in which they are located. Structurally, the pressure on joints involving ordinary steel can be immense – due mainly to the variations in loading conditions that occur in rigid structures in mid to deep water. Large lateral loads exerted by storm conditions are uncommon – less than a one-in-20 chance globally during a 25-year life-cycle – but can be catastrophic. With no mobility and expensive start-up costs, fixed platforms usually require a significant risk, or a large oil discovery to justify their construction.
Market and outlook The collapse of oil prices in 2014 had a significant impact on the fixed platforms market, hitting its nadir in 2015. Although the market picked up over the following few years, spending on fixed platforms in Africa and the Americas has decreased by up to 9 per cent. The meltdown in the oil market in 2018 has now compounded this problem. Spend on platform projects is expected to decrease year-on-year until 2021.
Source: https://www.oilandgasiq.com/drilling-and-development/news/what-are-fixed-platforms
COMPETITION INFO
"Only those who will risk going too far can possibly find out how far one can go.�
T. S. Eliot One of the twentieth century's major poets
PHOTO: OILANDGASPEOPLE
The oil and gas industry accounts for onethird of all Alaska jobs Primary oil and gas companies generated 5,335 jobs in 2013. Of those jobs, 88 percent were held by Alaskans. For each primary company job, 20 additional jobs are generated in the Alaska economy. For each dollar earned by employees of the primary companies, a total of $8 in additional wages are generated in Alaska. In 2013, the industry accounted for 33 percent of all wage and salary employment in Alaska (111,000 out of a total of 335,000) and 38 percent of all wages ($6.45 billion in wages out of total of $17.1 billion).
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