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Executive Interview Nanang Untung “President Director & CEO PT Badak NGL”

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Executive Interview Nanang Untung “President Director & CEO PT Badak NGL” January - February 2014 Executive Interview Nanang Untung “President Director & CEO PT Badak NGL” Continued on page 6 WIRELINE SYSTEMS Advertisements Contents Dear SPE Members; 2 Contents & Advertisement SPE Java Section Newsletter is issued every other 4 Chairman’s Message month; they are printed 1,500 copies per issue, circulated among members, industry leaders, stakeholders (staff and 5 Distinguished Lecturer manager), and students. 6 Profile: Nanang Untung President Director & CEO PT Badak NGL In order to improve the content of our Newsletter, we urge you to send us an article worth sharing to update and enrich 12 Linking LNG Price with Oil Price & LNG Process our reader (at no cost to you), with application of certain 13 The Story of Vico technology, and/or CSR activity which made an impact on our industry. 14 Mahakam: Continuous Improvement in Managing Challenging Fields Development We would also like to invite your Company to place an 17 Aceh Operations Mature Field Management: Advertorial, which serves as a showcase, at the same time Arun Gas Field & North Sumatera Offshore to cover the cost of printing the Newsletter accordingly to (NSO) the following fee structure with effect July 2012: 23 Tangguh the Controversy & LNG Facts 24 LNG for Power Generation is a Luxury that Full page Printing Charges in USD Indonesia Can’t Afford Old Rate No. of Issue New Rate 385 1 400/issue 26 LNG Stories & Indonesia’s (Shrinking) LNG Industry 2 375/issue = 750 3 350/issue = 1,050 32 Nusantara Regas: Pioneering the First LNG 4 325/issue = 1.300 FRSU in Asia Pacific 5 300/issue = 1,500 34 Sengkang Mid Scale LNG Development 6 275/issue = 1,650 37 Mini LNG Plant: Monetizing Marginal & Standed Gas Field Half-a-page Printing Charges in USD Old Rate No. of Issue New Rate 40 Introducing Mini LNG to Indonesia 220 1 250/issue 44 Economic Small Scale LNG Plant 2 235/issue = 470 Implementation With Cluster LNG Technology 3 210/issue = 630 Minimize risk in 51 Marginal Gas Development With Compact 4 200/issue = 800 Motor-Driven LNG 5 190/issue = 950 high-value wells. 6 180/issue = 1,080 54 Delving into The Novelty of The Masela Abadi FLNG Project High-value wells hold the promise of great returns—or the potential for TJHOJæDBOUMPTTFT%BUBRVBMJUZDBONBLFUIFEJGGFSFODF5IF8FBUIFSGPSE Note: 1. Full page size is 21x28cm with format of .pdf or 56 Fiscal Regimes: It’s Not Just Costs That Drive 3FTFSWPJS&WBMVBUJPO4ZTUFN 3&4 NJOJNJ[FTZPVSSJTLXIFOUFTUJOHBOE .jpg and resolution of 300 dpi. LNG Prices TBNQMJOHJOIJHIFOEFYQMPSBUJPOXFMMT DBSCPOBUFSFTFSWPJST PSDIBMMFOHJOH 2. Article will be printed in Color only; paid article 64 Shrimp Boil Party 2013 TBNQMJOHDPOEJUJPOT*UTTMJNEFTJHOSFEVDFTSJTLTPGTUJDLJOHPSUPPMMPTT will also be displayed on our website, with the %VBMRVBSU[HBVHFBOEEVBMçPXMJOFTGVSUIFSFOTVSFSFMJBCJMJUZ)JHITQFDJæDBUJPO same duration. 69 SPE Java Scholarship 2013-2014 TBNQMFCPUUMFTQSPUFDUTBNQMFJOUFHSJUZsFWFOJOIJHI)24FOWJSPONFOUT For all advertising enquiries, please contact: 73 UPN Student Chapter (FUUIFEBUBZPVOFFEBUBQSFEJDUBCMFDPTUXJUIUIF8FBUIFSGPSE3&4TZTUFN 8FBMTPPGGFSEBUBBOBMZTJTBOEJOUFSQSFUBUJPOTFSWJDFTUPIFMQZPVNBYJNJ[FUIF Atria Lesmana 78 SPE Asia Pacific Events & Courses Schlumberger WBMVFPGZPVSNFBTVSFNFOUT 82 Board of Directors 2012-2014 Email: [email protected] Learn more at weatherford.com Mega 42nd Floor Wisma Mulia Section Officer Jl. Gatot Subroto No. 42 Email: [email protected] Jakarta 12710 [email protected] Tel: (62-21) 2942-8222 Ext.253 E-mail: [email protected] Formation Evaluation | Well Construction | Completion | Production © 2013 Weatherford. All rights reserved. WIRELINE SYSTEMS Minimize risk in high-value wells. High-value wells hold the promise of great returns—or the potential for TJHOJæDBOUMPTTFT%BUBRVBMJUZDBONBLFUIFEJGGFSFODF5IF8FBUIFSGPSE 3FTFSWPJS&WBMVBUJPO4ZTUFN 3&4 NJOJNJ[FTZPVSSJTLXIFOUFTUJOHBOE TBNQMJOHJOIJHIFOEFYQMPSBUJPOXFMMT DBSCPOBUFSFTFSWPJST PSDIBMMFOHJOH TBNQMJOHDPOEJUJPOT*UTTMJNEFTJHOSFEVDFTSJTLTPGTUJDLJOHPSUPPMMPTT %VBMRVBSU[HBVHFBOEEVBMçPXMJOFTGVSUIFSFOTVSFSFMJBCJMJUZ)JHITQFDJæDBUJPO TBNQMFCPUUMFTQSPUFDUTBNQMFJOUFHSJUZsFWFOJOIJHI)24FOWJSPONFOUT (FUUIFEBUBZPVOFFEBUBQSFEJDUBCMFDPTUXJUIUIF8FBUIFSGPSE3&4TZTUFN 8FBMTPPGGFSEBUBBOBMZTJTBOEJOUFSQSFUBUJPOTFSWJDFTUPIFMQZPVNBYJNJ[FUIF WBMVFPGZPVSNFBTVSFNFOUT Learn more at weatherford.com Formation Evaluation | Well Construction | Completion | Production © 2013 Weatherford. All rights reserved. Chairman’s Note these small finds be utilized and economically fish fry, and Kyle’s special Paella. Steve Caron exploited? Read GT Kryo’s article on monetizing and his team were responsible for the event. marginal and stranded gas, Sengkang’s modular Unfortunately for our Section, Steve is moving mini LNG development and Cluster LNG to Sumatra but hopefully will continue to make technology stories as you may be inspired on contribution to SPE. We thank and appreciate how small to medium size gas discoveries can Steve for his tremendous contribution to our still be monetized. Both Roesmaladi and Maswar Section. Good luck Steve in your new post. Makmur are prominent figures in the gas industry and LNG in Indonesia and perhaps they foresee We have gone through the selection process that mini LNG is the best way to commercialize for the scholarship recipients from the 8 student the many small gas discoveries. LNG is chapters during the month of November- perhaps a solution to connect gas sources and December 2013, and the recipients of this year’s markets where pipeline and other supporting SPE Java Scholarship program are listed in this infrastructure are lacking. Stewart Elliott has Newsletter. Thanks to Teddy Komaroedin and successfully implemented the modular mid-scale team who took care of the selection process. LNG in other parts of the world and is convinced The scholarship program is conducted with the the same concept can be replicated in Indonesia cooperation and generous support from Kota ear fellow SPE members and readers, through his Sengkang LNG project. The journey Minyak and BP Indonesia. We thank our sponsors it’s a pleasure to present to you the first from finding gas to LNG development however, and congratulate the recipients. I hope it will help Dedition of the Newsletter of 2014. This can be a long and winding road as you might advance the education and help maintain the issue carries the theme of LNG. We are honored to remember in earlier Newsletter, Haposan high level student chapter activities. have Nanang Untung, the President Director and Napitupulu described the long and variety of CEO of PT Badak NGL as our executive interview processes as well as the many permits one In the last APOGCE, our student chapters won as he shares his really insightful journey in the has to endure in recent years carrying out the as the winner, first and second runner ups, world of LNG. We have many other prominent reserves replacement scenarios. namely ITB, Gajah Mada and UPN. They will be contributors that are related to the subject, from competing in yet another regional event to be the historical side, the present and the future There are many other factors needed to be held in Kuala Lumpur. We wish you all the best. of LNG in Indonesia, as well as LNG concepts considered by introducing LNG to Indonesia; We have a new team to take care of student and technologies. We have republished related learn more from Irfani’s article which covers the programs, they are Titis, Avida, Julianta and articles from past Newsletters as we thought they supply chain and vessels, bunkering aspects of Chalvin to ensure our student chapters get the would supplement and cover a wider spectrum of mini LNG. The newsletter is not all about mini most benefit from our support. the LNG story. LNG though; we have a major gas find that is yet to be developed as a novel and yet to be The next distinguished lecture series is entitled: Indonesia’s LNG industry is not the first but at proven floating LNG designed for the Abadi giant Selective Water-Reduction Systems: Where one stage we were the biggest, we were known gas field. When it becomes onstream, some of Have We Been and Where Are We Going? The as the largest exporter of LNG in the world. the LNG will be bound for domestic use, such as speaker is Larry Eoff from Halliburton Houston We pioneered the industry in a big way and the case of Tangguh LNG plant expansion while Technology Center in Texas. Don’t miss this SPE the industry was and perhaps still is a major the rest will be exported. The export will no doubt Distinguished Lecturer! It will be on Thursday, contributor to the state budget that fuels the compete with LNG from other countries fighting March 13, 2014 from 11:30 AM – 13:30 PM at the economic growth and development of the country. for the same traditional market. Developing LNG Energi Mega Persada Offices, 25th Floor Bakrie From the historical side, we feature stories from however takes time and costs are increasing Tower, Rasuna Epicentrum, Jakarta. Please Huffco/Vico, Total and Mobil as they were the which no doubt impact the project economics. The contact Geoff Thompson and Puspa Sari to find major gas producers that supplied gas to the comparison of fiscal terms between Australian out more. The last distinguished lecture we had liquefaction plants of Badak and Arun. The story and Mozambique LNG development is illustrated was a well-attended talk by Alfred William Eustes now is different however, as other countries have in last article of the LNG story. III from the Colorado School of Mines. It was found and developed huge reserves and took an interesting talk and discussion on drilling in advantage of the lucrative business, meanwhile On Section matters, some of you may Mars. Indonesia becomes both an exporter and participated in the special 25th silver anniversary importer of LNG. In a way we complete the cycle celebration of our Section’s famous Shrimp Boil We are finalizing our own website instead of and take advantage in the utilization of this clean party. It was a blast and everyone had a lot of fun. linking to the main SPE webpage which was source of energy to meet our growing domestic Thanks to Doug Slusher, the Santa Fe team, the our common practice in the past.
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