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  • What Next ..... TA - Webinar IAFMI

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    This document discusses the challenges and potential new normal facing the oil and gas exploration and production (E&P) industry due to COVID-19. Key challenges include health protocols limiting mobility, low oil prices through 2021, and additional costs and scheduling impacts. Responses may include maximizing virtual processes, local capacity, and collaboration. The new normal may feature more virtual and local operations, cost effectiveness, and faster development of local capabilities.

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    What Next .....TA_Webinar IAFMI

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    This document discusses the challenges and potential new normal facing the oil and gas exploration and production (E&P) industry due to COVID-19. Key challenges include health protocols limiting mobility, low oil prices through 2021, and additional costs and scheduling impacts. Responses may include maximizing virtual processes, local capacity, and collaboration. The new normal may feature more virtual and local operations, cost effectiveness, and faster development of local capabilities.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    31 views10 pages

    What Next ..... TA - Webinar IAFMI

    Uploaded by

    Danan
    This document discusses the challenges and potential new normal facing the oil and gas exploration and production (E&P) industry due to COVID-19. Key challenges include health protocols limiting mobility, low oil prices through 2021, and additional costs and scheduling impacts. Responses may include maximizing virtual processes, local capacity, and collaboration. The new normal may feature more virtual and local operations, cost effectiveness, and faster development of local capabilities.

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    of 10

    What next new normal in E&P Industry

    (Project Development Context )

    Taufik Aditiyawarman
    Ketua Umum IAFMI
    Outline
    Current Challenges to our industry

    Risks to E&P Projects

    What Responses Expected

    Possible new normal in our business

    Discussion
    Current Challenges
    1 • Protocol (screening, physical
    distancing, etc) when will end
    • Reduced mobility of people &
    3 mat’ls
    • No vaccines has been found yet.

    2 • Low oil price <30


    • STEO and CME
    forecasted of <40
    through 2021
    Current Challenges: Impact of COVID19
    to Industries

    Incl Oil & Gas


    E&P sector
    Risks to E&P Projects • Leadtime due to COVID
    Screening, Testing, quarantine
    requirement
    • Sterilising process for eqp before
    Schedule it used
    • Reduced due to physical
    • Scarcity of expertise in country distancing requirement.
    (local) • Reduced productive time
    • Restriction of mobility; longer to allow COVID protocol
    period of rotation; Capacity
    • Virtual transfer of knowledge,
    need longer time Resources

    • COVID19 is become inherent • Low Oil Price reducing


    risk until vaccine is found and NPV of projects
    proven to • Additional cost and
    • Additional health and safety schedule to response
    measures for people Health & COVID
    Economic
    Safety

    Quality • Limited mobility of specialist


    from outside country to QC of
    work; Virtual QC Processes
    • Need local expertise to take
    over.
    Responses are expected
    Government
    Maximise
    PSC Companies
    implementati
    of virtual Contractors
    review and Vendors
    PSC Companies Implement approval
    Contractors longer period process Maximize use Government
    Vendors of work rota on of local
    site of essential capacity PSC Companies
    people to (materials Contractors
    reduce risk of
    COVID spread Survival and people) Vendors

    Projects
    Government Take into Mode Fiscal regime
    Government
    account COVID review to
    PSC Companies protocol req’mt keep project
    Contractors on project risks moving in low
    and plan Reschedule price ICP
    Vendors
    fulfilment of
    PSC liabilities
    on taxes, ASR,
    credit of Government
    financing Investors
    Possible New Normal to Survive
    Virtual In country based
    business substitution &
    process innovation

    More
    Cost
    collaborative
    effectiveness
    effort

    Speed up
    increasing local
    capabilities &
    capacities
    Discussion
    A good quote
    Biography
    Taufik Aditiyawarman
    Director of Operation & Production PHE
    Working Experience:
    2019 Development Director PEPC
    2016 VP Surface Facilities PEP
    2011/2014 Sr. Manager / VP Project, PHE ONWJ- Jakarta, Indonesia
    2009 Project Delivery Manager, PHE ONWJ- Jakarta, Indonesia
    2006 Delivery Manager for Java Rehab Project, BP West Java
    2000 Project Leader/Delivery Manager, BP West Java
    1993 Project/Construction Engineer - ARII
    Education/Certification/Executive Learning:
    2014 Wharton School of Business - Exec Dev Prog Business Mgt
    Project Management Institute (PMI), Project Management
    2012
    Professional Credential (PMP)
    University of Manchester (MBS), Post Graduate Certificate in
    2009
    Managing Projects
    2002 University of Indonesia (UI), Master in Business Administration
    Email: taufik.aditiyawarma n@pertamina.com 1992 Bandung Institute Technology (ITB), Mechanical Engineering
    Nationality: INDONESIA Organization:
    2019-22 IAFMI - Chairman
    PMI Chapter JKT; PII BKM Mesin; IAM ITB - Member

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