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Optimizing workover job types as one of company strategies to increase short-term investment returns under low oil price Jermia, Jermia; Sukarno, Subiakto
The Indonesian Journal of Business Administration Vol 7, No 2 (2018)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Abstract. The oil price has been low since 2004 and reached a 10-year low in 2016. Oil companies must adapt their strategy to keep their financial performance. Chevron corporation has re-focus its strategy, with one of the focuses is to improve free cash flow through improving its short-term investment returns. Best Company, one of its subsidiaries, faces a challenge on how to add more opportunities to align with this strategy. This paper reviews workover activities, as one of business activities besides capital projects in Best Company, to find opportunity for increasing its economic returns. The research is studying measures on workover activities that can be built into a quantitative predictive model to find best strategy for maximizing its efficiency or financial return. The quantitative predictive model also further allows optimization of the Company’s portfolio, as it allow direct comparison with capital projects within the portfolio.Based on the research, it is shown that the rig count has almost linear relationship with NPV under similar profitability index for various spending when the job type mix remains the same. However, when the job type mix is optimized, it is shown that the company can increase its returns by focusing on pump upsize and water shutoff job types. In the case of Best Company, an optimization in the job type mix at the same number of workover rigs can be expected to increase the profitability index (marginal benefit) from 1.42 to 1.53 for the investment in workover business. Keywords: Workover, Forecasting, Low oil price, Strategy, Optimization
Optimalisasi Pemberdayaan Perempuan Dan Pengembangan Umkm: Eksplorasi Tata Kelola Sumber Daya Manusia Di Kelompok P2wkss, Kecamatan Kebon Novilasari, Tri Astuti; Jermia, Jermia; Ainun, Nur; Khoirunissa, Khoirunissa; Susanto, Prihatin Budi
Blantika: Multidisciplinary Journal Vol. 2 No. 3 (2024): Reguler Issue
Publisher : PT. Publikasiku Academic Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57096/blantika.v2i3.104

Abstract

Penelitian ini bertujuan untuk menggali potensi optimalisasi pemberdayaan perempuan dan pengembangan Usaha Mikro, Kecil, dan Menengah (UMKM) melalui eksplorasi tata kelola sumber daya manusia di kelompok Pemberdayaan Wanita dan Keluarga Sejahtera (P2WKSS) di Kecamatan Kebon. Dengan fokus pada pengembangan UMKM dan peran perempuan dalamnya, penelitian ini merinci praktik tata kelola sumber daya manusia yang mendukung atau menghambat upaya pemberdayaan di tingkat kelompok. Metode penelitian ini mencakup wawancara mendalam, observasi partisipatif, dan analisis dokumentasi untuk mendapatkan pemahaman mendalam tentang dinamika kelompok P2WKSS dan faktor-faktor yang memengaruhi pemberdayaan perempuan serta pengembangan UMKM di wilayah ini. Analisis data akan dilakukan dengan pendekatan kualitatif, mengidentifikasi pola, tantangan, dan peluang yang muncul dalam konteks pemberdayaan perempuan dan pengembangan UMKM. Hasil penelitian ini diharapkan dapat memberikan kontribusi dalam merancang strategi dan kebijakan yang lebih efektif dalam optimalisasi pemberdayaan perempuan dan pengembangan UMKM, terutama dengan mempertimbangkan aspek tata kelola sumber daya manusia di tingkat kelompok P2WKSS di Kecamatan Kebon. Implikasi penelitian ini diharapkan dapat memberikan panduan praktis dan teoretis bagi pengembangan program pemberdayaan dan UMKM di daerah sejenis.