ANALYSIS OF THE INCREASE IN COST PER BARREL IN ZONE 14, REGIONAL 4, PT PERTAMINA EP CEPU

• Main Author: Bayu Kurniawan Saputra, FX
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/83485
• Institution: Institut Teknologi Bandung

Zone 14 Regional 4 PT. Pertamina EP Cepu (PT. PEPC) was established on April 1 2021 at the same time as the Go Live Transformation of Upstream Sub Holding. Zone 14 Regional 4 PT. PEPC has a working area in the Kepala Burung area of Papua which operates in the oil and gas sector. Zone 14 itself has 1 (one) Work Area as operator, namely Field Papua. Papua Field oil production is obtained from 3 (three) main structures, namely Klamono, Salawati and Sele Linda. Zone 14 itself is facing a dynamic situation related to decreased production, high costs per barrel, decreased income, increased losses and increased production costs. Use a Fishbone Diagram or Cause and Effect Diagram to identify the root cause of a problem, get ideas that can provide solutions to solving a problem and help in further fact finding and investigation. The root causes of the problem of high Cost per Barrel include high employee salary costs, fuel costs, maintenance costs and the rate of decline in Papua Field production. In addition, by using SWOT analysis and TOWS analysis to find selected solutions. The analytical study of increasing production costs per unit for the Papua Field will be used to calculate the productivity ratio. This productivity ratio is obtained from production costs for a year divided by the cumulative equivalent of oil and gas production in a year. Efforts that will be made to reduce Cost per Barrel include reducing maintenance costs, minimizing Loss Production Opportunity (LPO), removing the less economical Sele Linda structure which is a big burden for the company, implementing the Company's Long Term Plan (RJPP) commitments, and seeking gas business development opportunities. The plan is that in 2025 the Masela Block Project will enter Zone 14 and will be on stream in 2030 where in the project Pertamina's Participating Interest (PI) is 20%. This project is estimated to produce around 9.5 million tons of LNG per year and around 35 thousand barrels of condensate per day. This project will also supply 150 million cubic feet of natural gas per day via pipeline to meet local natural gas needs. This condition is expected to improve the productivity ratio of Zone 14.