Highlights
Features
Foreword from the IPA Board
40th Annual General Meeting
35th IPA Convention & Exhibition
Committee Highlights
Company Profile
Talisman Energy
CSR
Statoil’s CSR:
Leaving Sustainable Footprints
News Flash
Professional Division Section
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3
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13
14
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Elisabeth Proust IPA Officer
TOTAL E&P INDONESIE
Dear IPA Members...
On this special occasion, I would like to wish you a very Happy New Year on behalf of the IPA Board of Directors. For all our members and their families, I wish health, prosperity and a lot of pleasure at work.
May also this year be a year of positive growth and development for the oil and gas industry in Indonesia and a year of hope and success to us all.
As you may see in this edition of IPA newsletter, the IPA has been conducting many activities and new initiatives in 2011. The IPA organized the biggest IPA Annual Convention and Exhibition ever held in 2011 and took strategic steps to convey industry’s key messages and concerns for the development of oil and gas industry in Indonesia.
In this 4th edition of IPA newsletter, you may find a special section on the Professional Division Activities which promote and facilitate the transfer of technical information and advancing new technologies to individuals and companies working in the upstream oil and gas industry in Indonesia
In 2011, the IPA Board and Committees have conducted numerous meetings and have initiated advocacy efforts
with Government Authorities and the DPR to try to resolve industry’s issues and challenges. We have made the government aware of the challenges facing the industry as well as the challenges and expectations of both domestic and foreign investors.
We believe that the Industry is now in urgent need for the government of Indonesia to create the positive investment climate that is needed to increase investment and production, and the IPA is well placed to work collaboratively with the government to meet the challenges ahead for the benefit of Indonesia, its people and all industry stakeholders.
We hope for the best in 2012. The government is trying to implement policies that foster Indonesia’s economic growth and because oil and gas investment, from initial investment to production, can take a significant number of years, it is important for the right policies to be put in place now in order to secure Indonesia’s future energy security.
As the primary source of credible information and the representative association for the industry in Indonesia, the IPA is ready to work closely with respective government institutions to achieve our mutual objectives, we need to bring valuable information to all the stakeholders and act as problem solver.
I am confident that with the same solidarity among the members we had in 2011, constructive debates and positive behaviours, we can impact favourably our environment and make 2012 a successful year.
The 40th IPA Annual General Meeting
On December 7, 2011 the IPA held its 40th Annual Gen-eral Meeting (AGM) at the Dharmawangsa Hotel to de-liver the IPA President’s Report, the Financial Report and the IPA Committee representatives reports on the various activities undertaken during the year as well as the plan for future activities to the IPA members. The event was attended by 110 industry representatives from the IPA Company Members and Associate Mem-bers groups.
In his President’s Report, Jim Taylor highlighted that in 2011 Indonesia has shown strong economic growth of around 6.5% which is expected to continue in future and that the country needs energy to fuel this future growth. A sustainable, growing energy supply is a prerequisite to achieving the sustained economic growth that is tar-geted by the government.
Jim added that to secure Indonesia’s future energy sup-ply, aggressive efforts, major new exploration and in-frastructure investment and a supportive regulatory environment are essential. Without further significant investment, exploration activity will continue to decline and Indonesia’s oil and gas potential will not bring any additional value and benefits to the State and its people. Jim also highlighted other key issues that are currently being faced by the industry in Indonesia and that are be-ing addressed by the IPA, includbe-ing Government Regula-tion No 79/2010, Revisions to the Oil and Gas Law, Gas Price competitiveness, PSC Licence extension policy and the new Bank Indonesia regulation of Foreign Exchange proceeds.
The IPA’s summary view is that the Government’s priori-ties and concerns should be moved from “managing cost recovery” to the “managing and creation of new supplies
of oil and gas to benefit Indonesian economic growth for the people of Indonesia.”
2011 has also been a very busy year for most of the IPA Committees, with attention being focused on the newly issued Government Regulations No. 79/2010 on Cost Re-covery, the planned revision of the Oil and Gas Law and other regulations that have created uncertainty amongst investors. Numerous meetings, lobbying activities and ongoing negotiations with the respective government institutions have been conducted by the IPA committees to deal with these respective industry issues in order to help create a positive investment climate within the oil and gas industry and to improve the performance of this industry for the benefit of all stakeholders.
In his concluding remarks, Jim Taylor conveyed his thanks and gratitude to the IPA Committees who have continued to contribute valuable time and resources to support the IPA. In addition, he also mentioned the need to work collaboratively with government to achieve the principle objective of promoting the petroleum industry in Indonesia to achieve the essential exploration invest-ment that is so critical to sustaining and growing future energy supplies. Collectively, these messages reinforced the IPA Mission which is “To maximize the hydrocarbon potential of Indonesia for the benefit of all stakeholders; the contractors, the government and the people of Indo-nesia. “
“35th Annual IPA Convention and
Exhibition 2011: The Biggest in Its
History”
The 35th Annual IPA Convention & Exhibition 2011 which was held on May 18-20, 2011 at the Jakarta Convention Center with the theme :
“Indonesia Energy:
Growth, Security and Sustainability”
Our theme was all about the country being poised for economic growth; needing energy to fuel this growth while also ensuring the security and sustainability of future energy supply. It was agreed that Indonesia can be self-sustaining in its energy supply as Indonesia does have that potential. It’s a question of realizing that po-tential to provide its own energy requirements. And then it is about policies and regulations to ensure that the energy supply continues to be secured, which in turn is about reinvestment, exploring for the future, exploring to unlock the untapped resources both in conventional oil and gas, non-conventional gas, CBM, shale gas, new and renewable energy. It is also about the proper use and the efficient use of that energy.
The 35th IPA Convention and Exhibition (Convex) was the biggest IPA Convention & Exhibition ever held in its 34 years of history. It was officially opened by H.E. Vice President Boediono for the second consecutive years and has set several records as follows:
• 150 companies exhibiting in 4,200 square meters of space compared to 120 companies in 3,300 sqm last year.
• The visitors this year also doubled to 7,000 people compared to 4,000 people last year.
• The new feature in the IPA Convex which is the Ener-gy Edutainment Corner also recorded an additional 1,420 visitors to the event.
The large numbers of visitors in this year IPA Convex has reflected the strong enthusiasm and hope from within the industry for the development of the oil and gas in-dustry in Indonesia.
In their Opening Addresses, H.E. Vice President Boediono and the then Minister of Energy and Mineral Resources, Darwin Z. Saleh, conveyed the following messages:
• Government has a clear understanding of the need to attract investment into the energy sector and their determination to support industry in addressing any issues causing concern.
• With regard to regulations, the government be-lieves that issues raised last year on cost recovery and income tax and cabotage have been adequately addressed. However, there is recognition that other areas have not improved perceptibly, notably the process of approval of a variety of implementation permits involving both central and local institutions. • A recognition that gas is the energy resource of
the future – a step change in exploration activity is needed to unlock untapped reserves and gas infra-structure development is also a priority, including gas pipelines on Java and additional Floating Stor-age and Regasifications Units in several locations in Java and Sumatra to supply gas for power genera-tion, manufacturing activities, transportation and domestic use. In addition, pricing of the gas must be market driven to attract investors.
• Government also acknowledged that it needs to de-velop unconventional gas and renewable energy, if necessary under terms appropriate to the nature of the resources to achieve energy self-sustainability. • HE the Vice President also expressed a measure of
disappointment that oil targets were not being met but reiterated that he is certain that all of us, indus-try and government alike, will do everything possible to redress that situation.
In his Opening Address, the then President of IPA Ron Aston emphasized that :
• Indonesia is poised for strong economic growth and needs energy to fuel it. It also needs to secure en-ergy supplies for the future and to do so in a sustain-able manner.
un-locking them. Focus needs to move from mature oil production to realising the potential of gas reserves, both conventional and unconventional and other forms of energy and renewables.
• Industry needs to explore for, develop and produce gas in increasingly difficult frontier areas in order to meet domestic needs and still generate valuable export revenues. To achieve this, will require a step change in exploration activity and huge additional investment. Policies should be aimed at encourag-ing this and the IPA’s principal role is to coordinate with the government to ensure it happens.
• The oil and gas sector is the true enabler of the economy, the key to future economic growth and success as it makes an enormous contribution to the economic wellbeing of the country; it accounts for 7% of Indonesia’s GDP and contributes over 25% to state budget revenues. The sector also provides direct employment for over 300,000 Indonesian workers and indirect employment for the countless more. It contributes almost US$19 billion in direct investment.
What’s needed to secure energy supply:
• Gas: represents the future focus in Indonesia, but brings with it more complexity and a need for far greater financing particularly when the gas is found in remote and very challenging areas. To supply do-mestic requirement, it needs dodo-mestic infrastruc-ture- transmission pipelines, liquefaction plants, receiveing terminals – all of which must be under-pinned by long term supply agreements to secure the necessary financing. The principal driver will be price – the gas price must be market driven and not limited by producers providing indirect subsidies to end users.
• Exploration: is the key to future production and it is essential to encourage as much activity as possible. Exploration terms offered should be competitive to attract investment in an increasingly challenging and competitive global environment.
Industry must also be encouraged to explore for and develop the extensive Unconventional Gas Resource that Indonesia possesses. In doing so, it need to be supported by appropriate regulations, incentives and partnerships to ensure that the necessary in-vestment is forthcoming.
The Policies Needed to Boost Investment :
In order to obtain the level of funding needed to secure Indonesia’s future energy requirements (US$ 23 billion per annum from 2020 onwards – Source:BCG), it is
es-sential to keep the investment climate positive.
• GR 79 on Cost Recovery: strong cooperation be-tween the Government and industry is required in finalizing the implementing guidelines to the GR which continues to concern the industry.
• Fiscal Regime: that is tailored to a maturing oil sec-tor whilst incentivizing gas development and explo-ration activity.
• Regulatory regime that facilitates approvals in speedy fashion – the IPA strongly believes this would have the greatest impact on increasing cur-rent production.
• PSC Extensions: a clear and transparent process for extending the Production Sharing Contract should be established. The absence of a transparent process will lead to a slowdown of investment in the final years of the PSC and a consequent deceleration of production.
• Early engagement: as a partner of the Government, the IPA welcomes early engagement in energy policy formulation and ongoing collaboration in the regu-latory process.
The three (3) Plenary Sessions were very well attend-ed and achievattend-ed their objective of providing a forum for distinguished speakers and guests to have an open exchange views and opinions on industry 3 (three) key issues. A brief summary of the Presentations and key discussion points is shown below:
Plenary Session 1 - “How Can Indonesia Re-Establish Energy Independence in a Growing Economy”:
• There is a change of paradigm in the role of oil and gas: from merely being a source of State Revenue to becoming the driver of economic growth as indus-trial feedstock, domestic fuel and in generating a multiplier effect.
• For Indonesia to reach energy Independence, the country has to :
• increase exploration and production activities to improve oil and gas reserves
• develop oil and gas infrastructure • develop unconventional oil and gas
• have a reliable and affordable oil and gas price and ensure oil and gas conservation
• establish effective management of oil and gas development based on the principles of sustain-ability.
• In order to grow and be independent, the country MUST attract significant investment, not only in oil and gas, but in all forms of energy.
the energy must become available, accessible and affordable
As endorsed by the independent view from the Boston Consulting Group during this plenary session, the large investment that is needed in Indonesia demands 4 “Must Haves” :
• Proven material and accessible resources • Clear and consistent regulation
• A stable judicial and political environment • Competitive economics.
These key areas are becoming more and more criti-cal as companies focus on return over growth and all of the distinguished speakers endorsed the view that through cooperation and collaboration, these goals can be achieved.
Then in the afternoon session, the Plenary Session 2 discussed “the Role of Gas in Meeting Indonesia’s Eco-nomic Growth Potential”.
As Pak Priyono outlined in his speech, with a view that was endorsed by the distinguished speakers from the Parliament, PLN, PGN and industry stakeholders; • Domestic demand for Gas is increasing at a
project-ed 24% per year
• Remaining large gas reserves to be discovered are likely to be located in eastern areas within Indone-sia, often in deepwater locations that are technically challenging and expensive to develop
• there is a clear requirement for an integrated Na-tional Gas Policy in Indonesia encompassing sup-ply management, transportation management and demand management, including domestic pricing policy, to support the huge investment that is need-ed to produce the estimatneed-ed 400 MMscf per day of additional production that is required to fulfill this demand.
And finally at the Plenary Session 3 in the discussion on:
“The Role of Unconventional and Renewable Resources to Indonesia’s future Energy Security and Sustainabil-ity”, we heard a stimulating discussion and numerous questions on how to turn the Unconventional’s of today into the Conventional’s of tomorrow. It was remarked that;
• Indonesia has proven, world-class potential in re-newable and unconventional resources but they need to be developed in conjunction with conven-tional resources within an overall Energy Policy and
also by learning from the experiences of other coun-tries
• Again, we heard of the need for Government and In-dustry stakeholders to work in strong partnership and create the demand for Renewables in order to stimulate Supply and Infrastructure development for the benefit of all stakeholders
• And finally, a recognition that the time to act is NOW to establish the regulatory framework and pricing policies that will encourage investment in these technically challenging areas so that renewable and unconventional resources can take their place alongside conventional resources in Indonesia’s fu-ture energy mix.
The Energy Edutainment Corner (EEC) was also achieved its goal as to advocate the public, specifically the young generations, with regard to the history and development of oil and gas industry in Indonesia. EEC has attracted more than 1,400 visitors, of which 60 percent were stu-dents from 22 schools and universities. As a follow up initiative, the movie shown at the EEC was donated to the Indonesian Oil & Gas Museum Graha Widya Patra at Taman Mini Indonesia Indah. This is inline with IPA’s mission which is to promote education and knowledge transfer to the public.
Furthermore, as part of IPA’s commitment to promote higher education for underprivileged students, at the Closing Ceremony of the IPA Convex, the IPA awarded scholarships worth 100 million rupiah to the selected under-privileged high-school students in Jakarta areas in cooperation with YKAI (Yayasan Kesejahteraan Anak Indonesia).
AWARDS PRESENTATION at THE CLOSING OF 35th IPA CONVEX :
TECHNICAL PROGRAM
BEST PRESENTATION AWARDS:
1. Category of Engineering and Formation Evaluation: ‘Successful application of combined impact ham-mer and hydraulic shifting tool run on coil tubing for SSD manipulation in highly deviated wells – A case history from Offshore North West Java’ presented by Hermawan Susanto (Pertamina Hulu Energi, ONWJ).
2. Category of HSE, Community Development, Busi-ness, and Commercial: ‘Managing overlapping land usage’ presented by Surya Safari (VICO).
integra-tion of bio-stratigraphic lithological and seismic data from Namconson basin, Vietnam’ presented by
Robert J Morley (Palynova Limited).
4. Category of Geophysics: ‘Filling the inversion “gap” without well data : Multi-level sources and stream-ers help improve invstream-ersion’ presented by Martin Bayly (WesternGeco, Schlumberger).
5. Best Award of Overall (Professional): ‘Early carbon-ate growth in the East Java basin Indonesia : A case study from the Jimbaran field’ presented by Stefan Van Simaeys (ExxonMobil Exploration company). 6. Category of Poster (Professional): ‘True amplitude
preserved multi-azimuth pre-stack deth migration for structural and reservoir characterization (Sisi Nubi field, Indonesia)’ presented by M. Baturin (Total E &P Indonesie).
7. Category of Student (oral): ‘3D modeling of Kerek turbidite sand bodies based on out crop studies in Kedung Jati area, Central Java : An analogue for sandy miocene formation in Western Kendeng Zone’ presented by Fery Andika Cahyo (UPN Veteran, Yogyakarta).
8. Category of Student (poster): ‘Hydrocarbon produc-tion during underbalance drilling – A mathemati-cal model to predict well productivity’ presented by
Samuel Zulkhifly Sinaga (ITB, Bandung).
EXHIBITION:
BEST BOOTH AWARD
Best Booth 50 sqm or larger: INPEX
Best Booth 18 sqm-50 sqm: ELNUSA
Best Booth for smaller size 9 sqm: SCOMI
Communications Committee
For the second semester of 2011 the committee has set three main focuses of activities as follows:
1. Stakeholder Awareness and Reputation Management • Building public awareness on the IPA
organization
• Enhancing IPA reputation as the reliable partner of the Government of Indonesia
2. External communication activities to achieve IPA’s Vision and Objectives
• Building trust and understanding between the IPA, Government and Media as well as other strategic stakeholders
• Supporting key-issues advocacy
• Outreaching through community engagement programs
3. Internal Communication activities
• Feeding the Board with industry news and media briefing materials
• Leveraging expertise within the IPA to provide knowledge contribution to universities, media and other stakeholders
• Assisting in databank improvement, IPA website content and communication to members
Data Management Committee
1. Continue as liaison to Government and industry for Data Management issues
• Involve in IPA Exploration Committee.
• Start collaboration work in addressing data PND to also manage closed and hardcopy data. 3. Start discussion on the possibility of returning open
area data that still kept by IPA members
Environment & Safety Committee
During 2011, periodic dialogue and developing partnerships have been done with related stakeholders through courtesy visits and formal or informal meetings. These sessions have been conducted with several regulatory bodies such as KNLH, MIGAS, Sea Communication Transportation, BPMIGAS and professional institution IAKKI/ISPA (Indonesian Safety Professional Association), IATMI (Indonesian Petroleum Engineers Association), Society of Petroleum Engineer
(SPE) and Global Methane initiatives, Global Initiatives in Oil Spill Response Management. The IPA ESC is also represented in the ICCOSH- Institute Certifications of Competence of Occupation safety and Health and has become a member of the Board. Meetings have been held periodically to discuss many issues and to socialize standards of competence.
The IPA ESC was chosen as an important partner to be consulted by the KNLH office relating to the development of environmental implementing regulations. High level positions i.e. Deputy of Ministry, have attended in the IPA ESC session discussions or workshops.
Currently the committee have been deeply involved in four (4) drafts of Implementing regulations as follows: • Environmental Impact Assessment and Environment
Permit
• Air Pollution Controlling Management • Water Pollution Controlling Management
• Hazardous Material, Hazardous Waste and Dumping Related to these draft regulations, one of the committees’ priorities will focus on the mechanism of dumping of Drilling Cutting or waste for offshore operations.
On top of the four draft implementing regulations, the Committee has also identified some concerns regarding Tier 3 Response for Oil Spill Response Management, specifically regarding the support from GOI to establish an effective international assistance mechanism. The Committee has completed a “White paper” on Oil Spill Response. This paper is intended to provide the current update or information on the existing related regulatory issues on oil spill response management, together with the existing Practice and Challenges.
Following several fatality accidents in 2011, the committee also has an initiative to cooperate with the Indonesian Safety Professional Association (ISPA/IAKKI) to organize a periodic safety discussion forum, identify lessons learnt and directly listen to details concerning these incidents from affected parties, discuss root causes and develop proposed actions to avoid recurrence. The discussion forum was established with a non blaming culture and was well facilitated to create values of sharing information among professionals, industries and the regulator, with the collective aim to lead the industry towards a world class safety culture.
Exploration Committee
focus on particular aspects of exploration activities: • Regulatory procedures and management of PSC
activities, WP&B, AFE’s • Data access and management
• Exploration investment climate, bid rounds, fiscal regime
The goal for the sub-committees is to seek constructive dialog on various aspects affecting exploration investment and efficiency in order to be able to recommend and implement measures which will result in an increase in exploration activity and ultimately lead to discovery of new hydrocarbon resources and provinces. This is particularly important to address given the poor industry response to recent bid rounds and the decade-long downward trend in new field wildcat exploration changes in cost recovery mechanism to the industry. 2. Continuously working with BPMIGAS, MIGAS and DGT to ensure the principal of PSC income tax calculation is following the current tax principal under the existing PSCs.
3. Continuously engage and collaborate with BPMIGAS, BKF and other stakeholders: of DG of State Budget and DGT).
b. to maintain the current tax treatment on cost sharing/cost allocation inter and intra PSC companies and on drilling services; and to obtain clarification on transfer pricing reporting requirements for oil and gas industry.
4. To engage IPA Board of Director to provide input for BPMIGAS Management for the improvement of Work Program & Budget process, which should be more focus on the strategic issues with a longer term vision.
5. Continue to proactively engage and conduct dialogue with the DGT to share the progress on industry cost recovery issues and progress on BPKP audit exceptions; and to coordinate and advocate audit issues raised by BPK, BPKP and BPMIGAS auditors for appropriate attention and resolution.
6. To conduct regular meeting and/or teleconference with Finance and Tax Committee (core) team to share knowledge, to discuss issues and agree on the strategic action point to progress/resolve the industry issues and to conduct a wider industry
Finance and Tax Committee information meeting during the year.
.
Human Resources Committee
1. Provided advocacy on GR 79/2010 related to HR items to BPMIGAS and other department. We raised in issue that remuneration both expat and national should not be capped, but based on competitive markets. Also, Pension and other employee benefits should honor existing Collective Labor Agreement of respective companies. We met also with APINDO chairman on this subject.
2. Provided inputs and subject matter experts on draft of BPMIGAS PTK-018 revision. We suggested the guidelines should be more strategic and not to give more burden administrative to PSC.
3. Continued to provide inputs to BPMIGAS regarding implementation of the extension of employment for national employees after regular retirement age of 56 years. As each PSC may have different operational needs, PSC should be given flexibility on the timing and transition for smooth implementation of each PSC.
4. Provided inputs to both BPMIGAS and MIGAS on RPTK/IMTA process. We expect an integrated review, coordination, and consistency between BPMIGAS/ MIGAS. Objective is to have more efficient process, such that there will be no business impact, cost and impromptu/sudden personnel mobilizations. 5. Supported people development program such
as global HR certification. Facilitated knowledge sharing among PSCs on HR related issues; industrial hygiene program, medical evacuation, industrial relation, fresh graduate program, mentoring program, etc
6. Participated in Human Resources Annual Forum with participants consisting of HR professionals and management from BPMIGAS, PSC, and Services Company on October, 26-28, 2011 discussing various HR issues in the oil and gas sector including CDM Award, Lecturer, Sharing Best Practice from various industries, and HR service provider booths. 7. Strengthen the co-ordination between HR IPA
committee with sub working groups to ensure alignment for inputs to BPMIGAS and support the sub working group program.
8. Established relations with new appointed official both MIGAS and BPMIGAS
LNG & Gas Committee
KEN is a commission which reports directly to the President of Indonesia and works with the Coordinating Minister of Economy to provide analysis and input on global and domestic issues related to the economy. Following the INDOGAS 2011, KEN asked IGA for inputs on efforts to accelerate development of gas fields and infrastructure. IPA, via the LNG and Gas Committee, was later included in the process to formulate the final input.
Following the meeting in September 2011 with the leaders of KEN, IPA and IGA formulated the top 3 issues of the oil and gas industry and the proposed solutions and the benefits to Indonesia to be forwarded to the President by Chairman of KEN: • Government Regulations 79/201
• Streamlining Regulators Roles & Responsibilities and their approval process • Challenges in fulfilling domestic gas demand The draft paper was presented to the IPA Board in October and comments are being incorporated to be forwarded to the IGA for final submission to KEN before the end of 2011.
2. Independent consultant study on Indonesian Gas Policy and Investment Climate
The idea to engage a consultant was initially suggested by KEN to provide independency, credibility and quantitative support on IPA’s position on the LNG and gas business climate in Indonesia. Several consultants were contacted and Wood Mackenzie is considered the right entity to do this type of work. The proposed scope of works includes: • How current regulatory affect gas investment in
Indonesia
• Assessment of gas commerciality from upstream development and overall Indonesia gas market
The proposed scope and estimated costs have been presented to the IPA Board of Directors in October and comments are being incorporated for final scope to be sent to Wood Mackenzie. The Board also suggested that the report be also used for other purposes besides as input to KEN.
3. Review of the possibility of gas/LNG equity lifting in Indonesia
This idea was initially asked by MIGAS as a way for GOI to take its in-kind gas entitlement to meet domestic demand. The Committee compared the practices in other countries with the PSC fiscal regime in Indonesia and noted that the implementation of full equity gas lifting is probably not practical in Indonesia, nevertheless the committee will continue to look into the possibility of applying equity lifting for a portion of a PSC’s production. The findings were presented to the IPA Board of Directors in October.
4. Interaction with Regulatory Affairs Committee The LNG and Gas Committee has nominated a representative and alternate to coordinate with the Regulatory Affairs Committee on the impacts of the proposed revision of the Oil and Gas Law and the Law on Currency to the gas business.
Professional Division Committee
The Professional Division has continued to successfully carry out its mission during 2011. Eight (8) luncheon talks were held during the year, with attendance exceeding 780 professionals in Jakarta. In addition, eighteen (18) short courses were held on diverse technical topics throughout the year and all were well received and attended. The short courses presented in 2011 drew a total of 306 attendees, which is a significant increase over last year. The demand for educational services remains strong, and the excellent work of short course organizers and instructors, has resulted in a healthy surplus for the IPA. In addition, five (5) educational fieldtrips were successfully completed during 2011, which is one more than the previous year.
The 2011 IPA Membership Directory was published and distributed to members, as were two (2) informative newsletters, which now can be accessed exclusively through the IPA website.
The Publications group continues with distribution of the IPA Proceedings volumes in digital format, both via an online website and on CD. This service can be accessed via the AAPG data pages, which is a highly efficient and cost effective method of disseminating technical information.
Regulatory Affairs Committee
1. Regulation on Cost Recovery and Taxation
A petition for Judicial Review on GR 79 on cost recovery and Income Tax Treatment in Upstream Oil and Gas Activities was filed by the IPA on 16 June 2011 after consultation with the GOI. The petition emphasizes the key arguments that the GR should be revoked since it violates higher laws and/or its formation does not comply with applicable laws. The IPA conducted an extensive media campaign in conjunction with the filing of the petition to seek to educate the public on the reasons for filing the petition.
RAC sought to discuss and resolve ongoing implementation issues associated with the GR including those relating to WP&B pending the Supreme Court decision.
one to three months. There are no rights of appeal from the decision of the Supreme Court. Individual contractors can avail themselves of the rights they have under their respective existing PSCs in response to GR 79. Despite this disappointing news RAC will continue to assist the IPA in its endeavours to seek the revocation of the GR.
2. Oil and Gas Law Bill
On April 29, pursuant to an invitation from the Parliament (DPR), the IPA attended a Parliamentary-initiated session to discuss the terms of a draft of a new Oil and Gas Law.
With the assistance of RAC, the IPA advised the DPR about potential unfavorable impacts on investment due to the introduction of an entirely new law. The IPA formed a Task Force, on which the RAC is represented, to primarily advise the IPA Board on how best to proceed. The IPA continues to seek a confirmed version of the draft Bill to improve IPA’s ability to influence and continues to correspond with GOI stakeholders advocating the primary message that substantive change is not required and will act as a disincentive to investment in the future.
The DPR has not as yet distributed any official draft Bill for comment to the IPA despite requests. 3. Explosive Permitting
IPA through the RAC is a primary participant in an Explosives Permitting Task Force, together with 19 PSCs, service companies and BPMIGAS. The Task Force is seeking to address the lack of transparency in procedure and costs relating to obtaining explosives permits and handling explosives to mitigate compliance risks. The Task Force is working with relevant government offices (Police Dept, BPMIGAS, MIGAS, Ministry of Finance, UKP4) to establish an appropriate legal instrument that will address concerns while complying with resolve permitting problems in each PSC to UKP4; and (iii) BPMIGAS to enter into an agreement with various Provincial Police Offices. Option (iii) is being progressed, BPMIGAS is to arrange a meeting with the Police Headquarters and explore whether option (iii) is at all possible. The meeting with Police Headquarters is expected to take place in December 2011.
4. Procurement of Good and Services
BPMIGAS is considering further revisions to BPMIGAS PTK 007-RevI-II/2011. To facilitate this exercise, BPMIGAS invited a number of PSCs to a meeting in Bandung to discuss and identify issues
arising from BPMIGAS PTK 007-RevI-II/2011. The matter of domestic content dominates the list of issues. Other issues identified during the meeting are advance payment, bidder/contractor security (e.g. bid bond, performance bond, parent company guarantee), and processes during commercial negotiation (e.g. processes related to owners’ estimate). RAC is seeking to ventilate industry concerns through this process.
5. Repatriation of Export Proceeds
Bank Indonesia (BI) recently issued a regulation concerning export sales proceeds (BI Regulation No. 13/20, “PBI 13”). It seeks to capture export proceeds in domestic bank accounts. It appears that BI wishes to strengthen Indonesia’s domestic liquidity of foreign currency by requiring Indonesia’s sizeable export proceeds to be brought into the domestic banking system. PBI 13 contains no exemption to any industry including Oil and Gas. It is intended to be applicable for any export proceeds. The RAC worked together with the F&T Committee to define IPA’s position with regard to the PBI 13 which has been formally conveyed to BI. In essence, the IPA believes that the PSC Contractors should not be subject to the PBI 13 for several reasons but mainly because the PSC expressly provides a right to Contractors to retain Petroleum proceeds abroad. 6. Cabotage
The RAC together with the Communication Committee were actively involved in a task force initiated by BPMIGAS to secure an exemption from the cabotage requirement for vessels used in the oil and gas industry. Through active participation and effective lobbying, the task force was successful in securing the exemption prior to May 7th, thereby avoiding any disruption to oil and gas operations. The Government issued Government Regulation No. 22 of 2011 (GR 20) on 4 April 2011 which sets out the list of vessels (that are mostly used in the oil and gas industry) that are exempted from the cabotage requirement. The Ministry of Transportation subsequently issued an implementing regulation to the GR 20 on 18 April 2011 in the form of a Ministerial Transportation Regulation No. 48 of 2011 that further sets out the procedure to obtain a permit for foreign flag vessels operating in Indonesia.
7. Regulated Increases in Production
RAC was closely involved in consultations on the implementation of Ministerial Regulation on Oil and gas Production Increase (“the MR”) early in 2010. The MR requires non-producing fields and wells to be inventoried and new discoveries to be notified and seeks to impose an accelerated program for development inconsistent with prevailing law, applicable PSCs, and industry capability.
was involved, BPMIGAS acknowledged that there were challenges in complying with the MR and some uncertainly in its application and sought input on the same.
In an effort to ensure implementation of the MR, during the first quarter and third quarter this year, BPMIGAS sent letters to a number of PSCs reminding the PSCs of the requirements of the MR. In January 2011, BPMIGAS reminded PSCs to put together an inventory of idle and or non-producing fields and in August 2011, BPMIGAS instructed a number of PSCs to re-activate (“mengaktivasikan kembali”) idle fields and idle wells located in the work area of the respective PSCs. Despite uncertainties arising from the requirements of the MR, to date BPMIGAS has not issued any clarification and or implementation directives or guidelines on the provisions of the MR. 8. Regulations On Put on Production and the
Establishment of Work Area for Non-Conventional Oil and Gas
On August 23, MIGAS invited a number of parties including the IPA to a socialization of the following draft Ministerial Regulations (“MR”):
a. Draft MR on Put on Production for Oil and Gas, and
b. Draft MR on Procedures for the Establishment and Offer of Work Area for Non-Conventional Oil and Gas Resources.
IPA’s Unconventional Gas Committee is preparing feedback, RAC is committed to provide the necessary support to the Unconventional Gas Committee. 3. Implementing Regulations for the 2009
Environmental Law
The Government is drafting implementation regulations for the 2009 Environmental Law. IPA RAC continues to monitor the development of these regulations and is committed to help prepare feedback to the Government.
Supply Chain Management Improvement
Committee
1. Workshop Procurement Strategy & SCM Forum with BPMIGAS.
• Preparation for attending Workshop on Procurement Strategy held by BPMIGAS in Bandung on 31st January to 1st February 2011. • The main purpose of workshop was to see
possible for making joint contract of some commodities amongst the PSCs.
• While the SCM forum was organized by BPMIGAS and conducted in Batam on 9th - 11th February 2011.
2. Procurement Guideline (PTK-007 Revision 2). • Has been issued by BPMIGAS on 9th May 2011
and in force starting 1st May 2011.
• There are some concerns from PSCs, mainly on:
» Procurement process lead time related to
• Participation with other committees of IPA and related Government Institutions to find the solution.
4. GR No.79/2010.
• SIC concerns about article 13 point q, r and t concerning procurement that exceed 10% of AFE value, surplus of material stock and procurement without open tender.
• Waiting the result of Judicial Review proposed by IPA.
5. PTK-007 third book (Asset Management).
• Our concern is about surplus material in stock with potential of non cost recoverable if it exceeds a certain limit.
• Other concern is related to Minister of Finance Decree No.165/2010 particularly about engine exchange activity that approval is needed up to BPMIGAS level only.
6. Local Content achievement monitoring.
• Discussion about its implementation (refer to PTK-007).
• SIC has invited PT.Surveyor Indonesia to give presentation on Local Content monitoring on 16th March 2011.
• Some PSCs has now the contract with authorized surveyor for doing the Local Content achievement monitoring.
7. Establishment of Team for Increasing Utilization of Local Products by Minister of EMR.
• Minister of EMR issued a decision letter on 1st April 2011 for establishment a team for increasing the utilization of local products. • Chairman of IPA Supply Chain Committee was
assigned as a member amongst the other representatives from Ministry of EMR, Migas, Ministry of Industry, Ministry of Research and Technology, BPMIGAS and Guspen Migas. • 1st meeting in August 2011 was cancelled at the
last minute.
8. Importation of goods using Master List mechanism (tax exemption).
• Discussion of the implementation problem due to different method of calculation of Local Content (price based vs. cost based) during tender and importation.
mechanism to get exemption from import duty and taxes.
9. BPMIGAS Procurement Online Information System. • BPMIGAS has established an Integrated Online
Information System for Procurement and Assets Management called as “PMA Dashboard”. • All supply chain activity reports from PSCs to
BPMIGAS are now to be uploaded through this system.
10. Explosive.
• Discussion on explosive handling issues. • Letter has been sent by IPA to BPMIGAS on
7th February 2011 asking for simplification of explosive permitting processes.
• Coordination meeting between BPMIGAS and PSCs has also been conducted on 10th and 24th August 2011.
11. Protection &Indemnity (P&I) Club.
• BPMIGAS requested PSCs to use Indonesian P&I Club Promindo for all vessels operated by PSCs (letter Deputy of Operation dated 4 February 2011).
• There are some concerns from PSCs regarding this issue.
12. Minister of Industry regulation No.15/2011.
• Issued in February 2011. It regulates the use of local products.
• A new inventory list of local products is now available in the web of Ministry of Industry complete with its percentage local content and period of validity.
• APDN book issued by Migas book is still to be used as reference for oil and gas sector.
13. Key Performance Indicator (KPI) for PSC Supply Chain Activities.
• BPMIGAS is now implementing KPI to measure the performance of PSCs in doing the supply chain activities.
• 6 monthly review is done by BPMIGAS with each PSC.
14. Currency Law.
• SIC concern on Currency Law no.7/2011 dated 28th June 2011, particularly article 21 which requires that all transactions made in Indonesia territory should be made in Indonesian rupiah currency.
• Waiting further guideline from BPMIGAS. 15. Cabotage follow up :
• Participation from of SIC members in various meetings with BPMIGAS, Migas, Ministry of Transportation, Directorate General of Sea Transportation and INSA in obtaining solution on implementation cabotage law for specific vessels used in oil and gas industry.
• Finally GoI issued the new Government Regulation No.22/2011 (revision of GR No.20/2010) on 4th April 2011 and Minister of Transportation Regulation No.48/2011 on 18th
April 2011 which gives the exemption for specific vessels (category C) with foreign flag used in oil & gas upstream activities as long as the vessels with Indonesian flag is still not available in the market.
• To get the dispensation to use vessel with foreign flag, PSC has to prove with at least 1 (one) tender fail for obtaining vessel with Indonesian flag.
• So far, there is no problem in obtaining permit for these specific vessels. provides assurance on the mechanism of CBM gas sales during dewatering and early development which is not applicable to conventional gas business. 2. IPA sent letters to propose fiscal incentives through
Director General Oil and Gas. Presentations to Ministry of Finance (BKF) have been made with the proposal a combination of:
a. FTP holiday
b. Tax Holiday 10 years after POD approved c. 50% investment credit
The discussion was around the format of the fiscal incentives which can be managed outside of the PSC contract.
3. Both in the letter and during the discussion we continuously mention the important of PSC contract extension for CBM due to the nature of CBM production. Since the CBM PSC contract is governed under the Oil and Gas Law it might be difficult to get assurance on contract extension at early years. However, there have been some precedents in conventional business that Government grants contract extension.
Talisman Energy Inc. established in 1992, is an independent oil and gas exploration and production company with the purpose of safe, profitable growth. Headquartered in Calgary, Canada, our main operating areas are North America, the North Sea and Southeast Asia. In addition, we are pursuing a number of international exploration opportunities.
We are building an international exploration portfolio that will contribute to our renewal through discovery of significant new hydrocarbon resources. In Peru and Colombia, we are building an oil-focused core region. We are also looking for exploration opportunities to sustain North Sea production. In addition we are also pursuing material growth opportunities in Poland and in the Kurdistan region of northern Iraq.
In South East Asia, we are exploring prospects offshore Indonesia, Malaysia and Vietnam and onshore PNG. Current production from the region is predominantly oil and liquids or natural gas linked to oil prices. Our Southeast Asia operations are expected to continue as a growth area, with new projects coming on stream over the medium term and with significant exploration upside.
Indonesia
Talisman has been operating in Indonesia since 1994 and, in the past 8 years, Talisman has built up its portfolio in Indonesia.
As of mid 2011, we have 12 blocks across the country – spreading from the northern tip of Sumatra to the
southern part of the island, then West Java offshore, to Makassar Straits and West Papua. Our gross production currently reaches approximately 76,400 boe/day and is expected to constantly grow in the coming years to set new records. Around 81 percent of our gas production is contracted for domestic usage, supporting Indonesian economic development.
Talisman has strong commitment to position its international exploration portfolio for continual renewal, Talisman has been awarded by the Indonesian government the highly prospective deepwater acreages in Indonesia’s challenging frontier zones: the 8,517 sq km Andaman III block in the North Sumatera Basin and the 3,878 sq km Sageri block in the Makassar Straits. We believe that the South Makassar Basin has all the attributes of a characteristically prolific basin. In our view, the Sageri Block has significant prospective resources, a diversity of play types and indications of a working petroleum system. Following the recent completion of our seismic activities, the first drilling at the Sageri block commenced in July 2011.
Together with state-owned oil and gas company Pertamina, Talisman is the assistant operator in the Jambi Merang JOB onshore South Sumatra with an indirect 25% interest and in the nearby Ogan Komering JOB with a 50% interest. Jambi Merang marked its first gas production in March 2011 and started its commercial sales in the following month. The initial production of 60 mmscf/day will be ramped up to reach the maximum capacity of 120 mmscf/day by year end. With a total production of 2.6 million barrels of oil equivalent in 2010, Ogan Komering is set to achieve 6,000 boe/day in 2011.
Company Profile
Bunga Orchid Field in Malaysia
CSR
Statoil’s CSR: Leaving Sustainable Footprints
Statoil regarded Corporate Social Responsibility (CSR) as an effort in managing risk and being also embed-ded certain procedure in a way reputation risk does not suffer.
Statoil, established its office in Indonesia, back in 2007 after they acquired two exploration license; Karama and Kuma. Approximately three years prior to its drilling op-erations, they initiate their so-called “Integrated Com-munity Development (ICD) Program” – as part of their corporate social responsibility project in the West Su-lawesi region, where their operations are located. The aim of this program is for Statoil to be able to leave a significant, useful and sustainable community develop-ment project and sustainable enough for the well-being of the people of West Sulawesi. Statoil contribute to sus-tainable development based on its core activities in the countries where we work.
Statoil is committed to make choices based on how they affect our interests and the interests of the societies around us, and by practising corporate responsibility we ensure transparency, anti-corruption and respect for human rights and labour standards and generate posi-tive spin-offs from our core activities.
Focusing on four main key issues; health, education, community empowerment and public facilities, Statoil Indonesia’s integrated community development pro-gram hopes to build good relations with both stakehold-ers and local people, to support its operations within the adjacent off-shore area.
Adjacent from the two blocks in West Sulawesi, Statoil carries several corporate social responsibility projects. To name a few, school renovation projects in several vil-lages, small scale local business assistance and mobile community health services.
To contribute to local economic development in the West Sulawesi region, a micro-financing project has been es-tablished between Statoil and local NGO, to provide sup-port for housewives who want to start their own busi-nesses in running the coconut oil and sea-weed home industry. Statoil also contributes to these housewives in training the micro-financing program.
Statoil is an international energy company, headquar-tered in Norway, with operations in 34 countries. Build-ing on 40 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the world’s energy needs in a respon-sible manner, applying technology and creating innova-tive business solutions. Statoil has 20,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.
In Indonesia, Statoil is the operator of the deep-water Karama production sharing contract (PSC) and Halma-hera-2 PSC, as well as a partner in the Kuma PSC, West Papua IV PSC, Halmahera-Kofiau PSC, North Makassar Strait PSC, North Ganal PSC and Obi PSC.
Inquiries, Responses and Contributions to our Newsletter are welcome at inquiries@ipa.or.id
News Flash
IPA Scholarship 2011
In 2011, the Indonesian Petroleum Association (IPA) has provided scholarships amounting to nearly 100 million rupiah to 25 disadvantaged high school students majoring in science in the Jakarta area through its association with the YKAI (Indonesian Child Welfare Foundation). Each scholarship recipient is entitled to tuition fees for 1 (one) year and textbooks.
The final 25 students were selected from an original group of 46 students who applied for a scholarship, with the primary selection criteria being eveidence of academic ability and low economic status.
The IPA President at the time, Ron Aston, symbolically awarded the IPA scholarships to the Executive Director of YKAI, Winarti Sukaesih and 5 students as a representative group of scholarship recipients at the closing of the 35th IPA Convention & Exhibition in May 20, 2011.
From the subsequent interviews with the recipients and their parents, they expressed their gratitude and thanks to the IPA and YKAI for the scholarship as it will help them a lot to ensure the further continuation of their children’s education.
Here are the names of the IPA scholarships Recepients :
No Name School Avg. Grade
1 Inas Nabilah SMAN 52 86, 04 2 Lisa Ariska Ulfah SMAN 52 86,46 3 Puspita Dewi SMAN 23 77,42 4 Rizkyani SMAN 23 76,98 5 Komariah SMAN 40 80,40 6 Fitri Rahmayani SMAN 40 80,30 7 Farhah MA Al-Falah 82,50 8 Haidar SMAN 8 83,27 9 Agung Jakaria SMAN 29 78 10 Mira Nurfitriyani SMAN 97 84 11 Ika Pratiwi SMAN 97 75,5 12 Riskha Indah Pratiwi SMAN 49 81,15 13 Dedi Kurniawan SMAN 49 82,25 14 Juliana Bakti Pertiwi SMAN 12 81,71 15 Gilang Ramadhan Kotta SMAN 72 73 16 Dimas Prabowo SMAN 4 76,69 17 Achmad Fauzi SMAN 91 76,54 18 Mega Lialita Maharani SMAN 91 82,36 19 Faralita Faisal SMAN 68 88,83 20 Yudha Prabowo SMAN 68 84 21 Hendra Dainanto Prakoso SMAN 68 85 22 Chaerul Umam SMAN 1 88
23 Elvina SMAN 1 85,5
24 Diana SMAN 45 85
SPECIAL SECTION:
PROFESSIONAL DIVISION
Editor’s Note
Stephen Scott Editor
IPA Professional Division Genting Oil (Kasuri) Pte. Ltd.
stephen.scott [at] gentingenergy.com
I have been asked to write the Editor’s Note for this publication and I am happy to do so although I will take a different approach and offer the reader some single paragraph “short stories” based on my 30 plus years experience as a practicing geophysicist and explorationist. If nothing else perhaps these will be food for thought.
Story 1:
In 1980 when I was working in Alaska exploring the North Slope there was a legal requirement to destroy all of the seismic data that had been capitalized against a block that was subsequently written off for tax purposes. I was standing at the shredder one day destroying seismic lines and my boss, the District Geophysicist, walked down the hall with the V.P. Exploration, who did not know me well since I had only been in the district a short time. They stopped momentarily and looked into the room where all the shredder noise was coming from and the VP asked the District Geophysicist “Isn’t he one of our geophysicists”, to which the District Geophysicist relied “Yes”. The VP then said, I don’t ever want to see one of our professional G&G staff standing at a shredder doing that kind of work again. These people are far too valuable to have them using their time doing that when we have tech aides who can do it. I think the moral of the story here is that we must utilize our limited human resources in the most efficient manner possible and make sure people are working on projects aligned with their expertise. But times have changed.
Story 2:
Society and the business world tend to force us into conformity and consensus which in many cases is
warranted, but sometimes individual expression is far more valuable. And it can take an astute manager to know when that is the case. Working in the Gulf of Mexico during the first “all blocks” open bid round in 1983, my geologist partner and I proposed several blocks to bid on and when presented for management consideration we suggested that there was already sufficient seismic data to drill if we were awarded the blocks. We were awarded the blocks and started preparations. I was asked by the team leader to lay out 3 west-east and 3 north-south seismic lines over the block. But I argued that we had already told upper management additional seismic was not necessary and I believed that was still the case. None the less I was told this is standard practice so please lay out the seismic lines. A few weeks later I had to present the proposal and defend it although I did not believe in it. Upon being questioned I kept replying “We” feel this is important for this or that reason. Finally, the VP Exploration turned his head as if contemplating what I had been saying and said to me “You keep saying “we”. I don’t care what “we” think is best, I want to know what you think is best”. To that I responded, I don’t think we need these extra seismic data and the VP Exploration responded, “That’s exactly what I thought, I don’t think so either”. We did not acquire those seismic data. I think the moral of the story here is that conformity and consensus does not always give the best answer and that we sometimes need to have the courage to state what we, as individuals, believe when asked and not take the easy way out by following the crowd.
Story 3:
area of endeavor was just not aligned with the type of geophysics that he loved. I remember him saying to me “I’m just not worth a rat’s butt in this”. Still he struggled on, trying to become what was expected of him, but it was all for naught as he was eventually “surplused”. He eventually landed on his feet and took a consulting job back in mining geophysics and as I understand the company he was initially working for did not pay him properly so he left and went to work for another small company where he was partly paid in shares of stock. And with that he was in the “right place to be”. My friend and colleague went on to be the principle geophysicist mostly responsible for the discovery of one of the most substantial mineral deposits to be found in Canada in the last 50 years. That is the Voisey’s Bay Ni-Cu-Co deposit in Labrador discovered in the mid-90’s. The small company my friend worked for was bought by a larger company as usually happens and my friend was fortunate indeed to own many shares of stock in that small company. “Surplused” turned to “Success”!
Story 4:
I am an explorationist at heart, so this next story is about being an explorationist, pure and simple. In the late 90’s the company I had worked at for just over 20 years was bought out by a larger major oil and gas company. These things happen, right, and we should be prepared. I did work for the purchasing company for 8 months to complete a deepwater block 3D seismic interpretation project and then moved on to work for a very large and successful company in India. However, this company was relatively new to oil and gas exploration and had sought out a few staff having world-wide experience. As an advisor to the company’s exploration management and program I also had the responsibility of helping to train their newly hired G&G staff. The staff was very bright and eager to learn although most were sorely deficient in practical matters regarding oil and gas exploration as would be most newly hired G&G staff. I was working on a rotation basis spending a few weeks in Mumbai and then a few weeks back in Dallas in the small office this company had set up for the staff they had hired from the U.S. On one visit to our Mumbai office I found a number of the G&G staff gathered around in deep discussion. I went over and joined the discussion about various exploration and G&G subjects. Then without much thought I asked one of the staff “Why did you come to work today”? I received a strange look from him and the others standing around. So I asked the question again “Why did you come to work today”? He thought for a moment and then replied, “My boss expects me to come to work and it is my duty to do so”! I looked at him
Professional Division Chairman’s Corner
Ron Noble Chairman
IPA Professional Division Niko Resources Ltd.
rnoble [at] nikoindonesia.com
Professional Division Members and Friends,
If we look around the oil business today in Indonesia, there are many important issues that need to be ad-dressed. The most critical of these, in my opinion, is reserves replacement and reversing the oil production decline.
The question that follows is how do we stop the produc-tion decline? The simple answer is to find and develop new oil fields, or get more out of existing fields. As an ex-ploration professional, my focus is on reserves replace-ment through discovery and new field developreplace-ment. Many experts consider Indonesia a “mature” oil prov-ince. However, if you look at an exploration map of this vast archipelago, you will notice many under-explored sedimentary basins, and a surprising number of totally un-drilled basins. Look around the world at other “ma-ture” countries for oil production, and you will find new
plays and new reserves being added on a regular basis. In some cases, like North America, it is the shift to un-conventional resources which has revitalized the indus-try. There are also new countries, not historically known for their hydrocarbon potential, that are reporting huge new discoveries. East Africa (Mozambique) and North-west Africa (Ghana) are a couple that come to mind. The bottom line, there is still plenty of oil and gas to be found in the world. That certainly is true for Indonesia, perhaps more so than many other countries. We are not running out of resources. We just need the confidence and technical skills to find them. Confidence because it takes individuals who are prepared to follow their con-victions and tell their companies where and how to in-vest their money. Technical skills, because the easy oil has been found, and we must now explore for oil in re-mote or hostile locations.
Oil and gas professionals should never become com-placent and rely on what they accomplished yesterday. There are many new things to learn, and many new tech-nologies to apply. I would encourage all professionals to attend at least one training class a year and actively par-ticipate in technical symposia. You will learn something new which can be applied in your work. This will make a big difference, and with a little luck, it will lead to new discoveries and reversal of declining production in Indonesia.
Professional Division Activities 2012
1. Title : A Brief History of Depth … and
Time Seismic Imaging
Speaker : Samuel Gray, CGG Veritas, Calgary - Canada
Dates : February 8
Venue : Le Meridien - Jakarta Cost : Rp. 325.000 (IPA Member) Rp. 385.000 (Non-IPA Member) 2. Title : A Field Seminar for
entist from
Sangiran
Trip Leader : H.M. Yohannes P. Koesoemo Sumber Daya Alam Consultant, Cepu, Indonesia
Dates : February 19 - 23 Cost : US$ 1,300
(includes: airfares Jakarta-Surabaya Solo-Jakarta, airport tax, portation, board-lodging, ments and field guide book) 3. Title : The Modern and Ancient Mahakam
Delta Sedimentology
Trip Leader : Irfan Cibaj – Total E&P Indonesie Dates : March 23 - 27
Cost : US$ 2,700 (IPA Member) US$ 2,800 (Non-IPA Member)
(includes: round-trip airfare Jakarta Balikpapan, airport tax, land / sea transportation, meals, ments, lodging, and field guide book) 4. Title : Practical Investment Appraisal and
Business Decision Analysis in
troleum Exploration & Production
with special reference to the
Instructor : Dr. H.L. Ong - ITB & BPMIGAS Dates : April 9 - 13
Venue : Sheraton Bandung Hotel & Towers Bandung, Indonesia
Cost : TBA
5. Title : Corporate Communications in
Indonesian Petroleum Industry
Instructor : H. Kiswanto - Consultant Dates : May 1 - 3
Venue : Royal Ambarrukmo Hotel, Yogyakarta Cost : TBA
In conjunction with the:
Thirty-Sixth IPA Annual Convention & Exhibition Jakarta, May 23-25, 2012
IPA will organize 3 or 5 short courses DETAIL OF THE COURSES WILL BE INFORMED SOON
6. Title : Petroleum System Analysis:
Essential Concepts & Methods for
Increasing Exploration Success and Assessing Risks of Plays &
Prospects
Instructor : Awang Harun Satyana - BPMIGAS Dates : June 4 - 8
Venue : Solo, Indonesia Cost : TBA
7. Title : Applied Subsurface Geological Mapping
Instructor : Siamak Agah - Subsurface tants & Associates, LLC - USA Dates : June 25 - 29
Venue : Sheraton Senggigi Beach Resort Lombok, Indonesia
Cost : TBA
8. Title : Sequence and Seismic Stratigraphy:
Concepts and Applications
Instructor : Dr. Henry Posamentier Sr. Geological Consultant, Chevron Energy Technology Co.
Dates : October or November (tentatively) Venue : Bali
Cost : TBA
9. Title : Geological Application of Well Logs
Instructor : Jenny Garnham
Independent Consultants, UK Dates : October 29 - November 2 Venue : Holiday Inn Baruna Resort Bali Cost : TBA
10. Title : 3-D Seismic Interpretation
Techniques Instructor : Alistair R. Brown
Consulting Reservoir Geophysicist Dates : November 26 - 30
Venue : Bali Cost : TBA
11. Title : Carbonate Sedimentation, Sequence
Stratigraphy & Reservoir
Characterization
Instructor : Dr. Rick Sarg
Subsurface Consultants & Associates, LLC - USA Dates : December 10-14 Venue : Bali
Cost : TBA
12. Title : Petroleum Geology of Deep-Water
(Turbidite) Depositional Systems
Instructor : Dr. Roger Slatt
University of Oklahoma, USA Dates : December 10-14
