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Journal : International Journal of Economics Development Research (IJEDR)

Strategic Masterplan for Enhancing Oil Production at the Angsana Field Dharmawan, Willy; Putro, Utomo Sarjono
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 6 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i6.8628

Abstract

Angsana Field, one of the major oil and gas fields in Indonesia that is operated by PT TerraNova, has received a national production target from the Ministry of Energy and Mineral Resources to produce up to 108 thousand Barrels Oil Per Day (BOPD) Annual Average (AA) in 2025. This production target proves ambitious, given that the base production from the Angsana Field is only expected to reach around 100 thousand BOPD AA. To bridge the gap of 8 thousand BOPD AA, TerraNova intends to implement a comprehensive production optimization strategy, focused on well work. In the oil and gas industry, the potential oil gain from the well work strategies is usually evaluated using a deterministic approach via reservoir simulation model. However, this method has its own disadvantage of not fully reflecting the complexity of the actual implementation and uncertainty from subsurface aspect. In this study, the integration of deterministic analysis and Monte Carlo simulation are used to provide a more robust analysis on the potential oil gains from well work strategies. Operations management aspect is also considered to create a realistic strategy that aligns with the company’s objective. The results from the analysis indicate that the 8 thousand BOPD AA gap is highly likely to be achieved by prioritizing Type-C well work technology early in the second quarter 2025.
Strategic Development of Taman Rejeki Group in Advancing Renewable Energy Contributions in Indonesia's Energy Transition Putra, Azan Rahmadian; Putro, Utomo Sarjono
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 6 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i6.8914

Abstract

This study examines the strategic development of Taman Rejeki Group in achieving its 500 MW renewable energy target by 2030. Using a hybrid methodology that combines PESTLE analysis, Porter’s Five Forces, and scenario planning the research identifies the driving factors and uncertainties influencing the company's renewable energy strategy. The study employs backcasting to work backward from the target goal outlining strategic steps to overcome identified barriers and capitalize on opportunities. The results of this research findings key uncertainties renewable energy in Indonesia such as PPA Terms & Conditions and Political Will are explored with four potential future scenarios developed suggest that Taman Rejeki Group must adopt flexible strategies aligned with these scenarios aggressive expansion in the stark protocol scenario with favorable conditions, efficiency and cash flow protection in the wakanda shield scenario with high-risk PPA, adaptation to sudden changes in the time loop strategy scenario with volatile political climates, and a survival strategy in the dark night plan scenario with regressive policy conditions. These strategies will ensure that the company can navigate varying political, regulatory, and financial environments, driving progress toward the 500 MW target by 2030.