ANALISIS STRATEGIAKUISISIBLOK OFFSHORE NORTH WEST JAVA (ONWJ) DAN IMPLIKASINYA PADA ASPEK PERTUMBUHAN DAN VALUE CREATION DIPT PERTAMINA (PERSERO)

Total reserves is the most common parameter used in oil and gas industry to measure the growth of the company. The Reserves that discovered by the company will be produced each year, so it will continue to decrease unless there is any new reserves addition from exploration or acquisition activities....

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Bibliographic Details
Main Authors: , Herold Richard, , Dr. Tarsisius Hani Handoko, M.B.A.
Format: Theses and Dissertations NonPeerReviewed
Published: [Yogyakarta] : Universitas Gadjah Mada 2013
Subjects:
ETD
Online Access:https://repository.ugm.ac.id/120412/
http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=60443
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Institution: Universitas Gadjah Mada
Description
Summary:Total reserves is the most common parameter used in oil and gas industry to measure the growth of the company. The Reserves that discovered by the company will be produced each year, so it will continue to decrease unless there is any new reserves addition from exploration or acquisition activities. The objective of this study are to evaluate the Block ONWJ acquisition by PT. Pertamina (Persero) in 2009, and to analyzes the impact of the acquisition to the growth and value creation for Pertamina. This study conducted by evaluating the Block ONWJ acquisition using Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis, and Strategic Fit analysis using Shelton Matrix and Watson Wyatt deal flow model. Then, evaluate the impact of Block ONWJ acquisition by analyzing the reserves growth and the production rate, analyzes the synergy and value creation. The evaluation results of the Block ONWJ acquisition strategy, we found strategic fit between Pertamina�s strategies in the Company�s Long Term Plan (RJPP) with Block ONWJ acquisition. The impact of Block ONWJ acquisition was it increases the company�s growth, by increasing the oil R/P (reserves to production) ratio from 5.2 years to 5.4 years, and increases the production rate by 32 thousand barrels of oil equivalent per day (boepd) or about 8% of the total Pertamina production rate. Block ONWJ acquisition also brings synergies and value creation for Pertamina, with the competitive advantages to integrate the ONWJ field with other Pertamina operated fields nearby.