RISK MANAGEMENT OF GAS PRODUCTION PHASE USING ANALYTICAL HIERARCHY PROCESS (AHP) METHOD AT SENORO GAS FIELD JOB PERTAMINA-MEDCO TOMORI SULAWESI
Upstream oil and gas industry in Indonesia nowadays still become crucial commodities that is <br /> <br /> <br /> <br /> expected to contribute into nation income, even in the world’s current condition which are <br /> <br /> <br /> <br /> r...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/23123 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Upstream oil and gas industry in Indonesia nowadays still become crucial commodities that is <br />
<br />
<br />
<br />
expected to contribute into nation income, even in the world’s current condition which are <br />
<br />
<br />
<br />
relatively volatile. From 2014-2016 the world oil prices was declined due to crude oil oversupply <br />
<br />
<br />
<br />
phenomenon, <br />
<br />
<br />
<br />
resulting <br />
<br />
<br />
<br />
in <br />
<br />
<br />
<br />
decreased <br />
<br />
<br />
<br />
revenue <br />
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<br />
<br />
for <br />
<br />
<br />
<br />
most <br />
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<br />
oil <br />
<br />
<br />
<br />
and <br />
<br />
<br />
<br />
gas <br />
<br />
<br />
<br />
company <br />
<br />
<br />
<br />
in <br />
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<br />
<br />
Indonesia. <br />
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<br />
<br />
In <br />
<br />
<br />
<br />
the <br />
<br />
<br />
<br />
midst <br />
<br />
<br />
<br />
<br />
of those declining world oil price, it is Government of Indonesia intention to start <br />
<br />
<br />
<br />
reducing the dependencies towards crude oil. One of the most feasible alternative to be focused <br />
<br />
<br />
<br />
on is gas industry. <br />
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JOB Pertamina Medco-Tomori Sulawesi (JOB Tomori) is one of the subsidiaries under the hood <br />
<br />
<br />
<br />
of Pertamina Hulu Energi (PHE) which currently focusing on gas production at Senoro block in <br />
<br />
<br />
<br />
Sulawesi Island. JOB Tomori has been entering production phase in the terms of gas production <br />
<br />
<br />
<br />
since 2015 and successfully became the Indonesia’s fourth largest contributor of gas lifting in <br />
<br />
<br />
<br />
2016. A risk management towards JOB Tomori gas production phase need to be created in order <br />
<br />
<br />
<br />
to maintain the sustainability of the production and preventing any future major disadvantegous <br />
<br />
<br />
<br />
events for the company. <br />
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Risk management is started by understanding the business situation comprehesively. External <br />
<br />
<br />
<br />
and internal analysis has been conducted to obtain better understanding of JOB Tomori situation. <br />
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The external analysis that being used is PESTEL and Porter’s Five Forces, while the internal <br />
<br />
<br />
<br />
analysis using 7P Marketing Mix as it tools of analysis. By analyzing these two factors, the <br />
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<br />
<br />
strength, weakness, opportunities, and threat that revolving around JOB Tomori has been known <br />
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<br />
<br />
and being represented in the form of SWOT analysis. The result from SWOT analysis as well as <br />
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<br />
<br />
FGD session, benchmarking, and literature review is used as input for risk identification. Each of <br />
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<br />
<br />
the risk is measured by using Analytical Hierarchy Process (AHP), a semi-quantitative method <br />
<br />
<br />
<br />
which is a flexible, easy to understand way to support decision making process by picking the <br />
<br />
<br />
<br />
best from available alternatives. Expert Choice software also being used to assist the AHP <br />
<br />
<br />
<br />
calculation. <br />
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Through AHP calculation, it is known that the most important risk category is operational <br />
<br />
<br />
<br />
category with eigenvalue of 0,202 and need to be prioritized both for the evaluation and <br />
<br />
<br />
<br />
mitigation. In addition, according to risk matrix it is known that JOB Tomori possess 3 high level <br />
<br />
<br />
<br />
of subcategory risk, which are : (1) Operational failure, (2) Oil and gas price fluctuation, and (3) <br />
<br />
<br />
<br />
Incompatible intention with buyers regarding new program. Since company resource is limited, it <br />
<br />
<br />
<br />
is necessary to focus the resources to mitigate these three risks since if they occur it will bring <br />
<br />
<br />
<br />
heavy impact to the company. <br />
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