...BED METHANE PROJECT (Case: PERTAMINA CBM Project) DEWI GENTANA & DEDI YUSMEN PERTAMINA CBM TEAM Gas Asia Conferences, Kualalumpur 17-18 March 2009 OUTLINE A. RISK VALUATION APPROACH & METHODOLOGY B . SUB SURFACE, SURFACE, ECONOMICS C . RISK VALUATION RESULT AND ANALYSIS D. CONCLUSION Gas Asia Conferences, Kualalumpur 17-18 March 2009 1 OVERVIEW Overlapping Oil and Gas Working Area with Coal Mining Consession Area CBM (0-1000 M) OIL AND GAS > 1000 M Casing 9-5/8” caused by Coal Mining activity at UBEP Tanjung Field Bursting Production Pipe caused by tractors at UBEP Tanjung Field Gas Asia Conferences, Kualalumpur 17-18 March 2009 2 OUTLINE A. RISK VALUATION APPROACH & METHODOLOGY Gas Asia Conferences, Kualalumpur 17-18 March 2009 3 PERTAMINA CBM RISK VALUATION MODEL (Simple Model) COUNTRY & INDUSTRY ENV. •Country Risk •Economy • •Environment •General Issue •Petroleum Legislation •Energy Balance •Competitors •Activity PROJECT ECONOMICS •Economic Indicators •Commercial Types •Taxes •Fiscal Terms SURFACE AREA (25%) PRODUCTION FACILITY BUSINESS ENVIRONMENT ECONOMIC INDICATOR LAND ACCESS PROJECT ECONOMICS (25%) TECHNICAL/SUBSURFACE GEOTECHNICAL •Data •Basin •Reserves •Play Type •Petroleum Systems •Technical Feasibility POTENTIAL RESERVE (50%) Pertamina CBM Team, 2007. (Modified From De’Ath) Gas Asia Conferences, Kualalumpur 17-18 March 2009 4 Risk Factors Considered Subsurface • • • No...
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...Quality Issues in the Gas and Oil Industry: BP PLC Project Outline I. Overview of BP PLC a. Full Name- British Petroleum b. Amount of Individuals Employed- 83,400 people c. Worldwide Industry- Gas and Oil Production d. Products and services- Aromatics and acetyls, Asphalt, Aviation and marine fuels, Petrochemical products, Bitumen, Fuel cards, Liquefied petroleum gas (LPG), Marine fuel, Oils and lubricants, Photovoltaic solar electric products and systems, Polymers, Purified terephthalic acid (PTA), Paraxylene (PX), Acetic acid, Ethylene, Propylene, Solvents and industrial chemicals, Downstream derivative products, Generation of power, Operation of fuel stations, Oil and gas exploration and production, and Oil and natural gas transportation, distribution, and marketing e. Quality Management Processes i. Finding Gas and Oil 1. Use refined technology and new scientific techniques through the use of typographical maps, sound waves, aerial photography, 3D projections, and more 2. Form educated guesses regarding size, shape, and oil/gas consistency ii. Extraction of Gas and Oil 1. Building of Production Facilities a. Analyze environmental data to ensure ways facility will make minimal impacts on environment b. Recycling of facility 2. Environmental Impact a. Environmental experts assess the impact b. Review possible problems in order to properly address them iii. Gas and Oil Transportation 1. Pipeline Usage 2. Shipping 3. Global Energy Trading iv. Making of the...
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...What is PriOption Oil Selling Robert Powers American Intercontinental University Online BUSN310-1102B-10 International Legal and Ethical Issues in Business June 11, 2011 Renee Clark Abstract In this review of a PriOption Oil’s product defect, the reader will experience firsthand the nuances of having to brief the in house team consisting of the PriOption Oil CEO and directors on the improper fuel that was distributed to multiple states and several hundred stations. Many positives can come from this experience, the company learns the hurdles as well as puts into place a plan of action to remedy the situation as well as avert future occurrences. The company also learns the value of ethical choices and puts into place a written document outlining their Code of Ethics for all. Consumers are notified as well as U.S. and state officials to enable a cleansing remedy. What is PriOption Oil Selling As the Operations Chief of PriOption Oil it has become a concern that our oil & gasoline refining processes have exceeded government ethanol percentage ratings. After careful sampling it was discovered that 5 out of our 14 sites have had a ratio of ethanol to gas mixture problem for a month and they have distributed these excessive products to 10 states, comprised of 500 distribution stations. The problem has been remedied and all production levels have returned to proper ratios at this point. A remedy additive has been bottled and...
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...AN ALTERNATIVE TO FOREIGN OIL An Issue Paper Presented to Professor Sheila Christensen Professor of Marketing Utah Valley University For Management 2200 By Greg Gossard July 30, 2012 Executive Summary Over the past few decades, in the United States, oil is the primary fuel consumed by most vehicles on our roads and in our air space today. It is estimated that two-thirds of the oil used is due to the transportation sector. This report will examine the pros and cons of the need for alternate solutions to the ever increasing reliance the United States has on foreign oil. There are practical alternatives and solutions that the United States could implement in the short run, and especially in the long run as well. The idea of domestic drilling, along with natural gas, and plug-in hybrids are definitely worthwhile options to look at for an alternate solution to the dilemma of oil consumption. While some may argue that these other sources are not consistent enough or wouldn’t be efficient resources for alternative energy, there is enough evidence supporting claims to the contrary In financing research projects exploring alternative energy, the U.S. would easily be able to use all of those resources of energy to remove our dependence on foreign oil consumption. On average, the U.S. spends about one billion dollars per day on foreign oil. That adds up to be thirty billion on average per month, and over three hundred and sixty billion annually. This is a gross and unnecessary...
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...Lameka Thomas C. Arena Outline Paper C April 7, 2014 Fracking involves the extraction of natural gas from underground layers of shale. Through high-pressure injections wells dug deep into the ground, water mixed with toxic chemicals is used to create fissures in the shale through which the oil is then retrieved. This practice has made America the largest producer of energy in the world, yet the industry has its share of critics (np). In the article off, THE WASHINGTON FREE BEACON “ Fact-Checking “. They talk about the movie Gasland Part II and the things they discovered while filming the documentary. The areas impacted by this are Texas, Ohio, New York, Pennsylvania, West Virginia and many more. Majority of the complaints are chemicals getting into the water of residents home and lands (np). Fracking is a growing industry that poses a number of troubling issues at the same time that it has increased American’s energy production considerably. 1. Topic Sentence: The Industry Defense talks about companies involved and what the future hold in the Industry. a. America's Natural Gas Alliance, Ardent is a privately held, independent oil and gas company headquartered in Pittsburgh, Pennsylvania and Marcellus Shale). b. America's Natural Gas Alliance exists to promote the economic, environmental and national security benefits of greater use of clean, abundant, domestic natural gas. c. The benefits of oil and gas development extend throughout the state in increased...
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...Paper and Presentation Outline Global Climate Change Instructions: For your research paper and presentation, you’ll be researching a topic of your choice concerning global climate change. To help you organize ideas for your topic, you will first develop an outline. Use this outline template to help you build the structure of your paper. Here's how it will work: 1. Following the numbered steps, fill in the details in the light blue areas below. You may add additional lines as you see fit. 2. Refer to the examples in grey boxes to help you along. 3. By Sunday 11:59 PM (Mountain), upload your completed outline to the Dropbox. ------------------------------------------------------------------------------------------------------------ STEP 1. In one complete sentence, state the topic of your paper in the space below. Example: Renewable energy is a sustainable alternative to fossil fuels. Paper Topic: Air pollution is one such form that refers to the contamination of the air, irrespective of indoors or outside. ------------------------------------------------------------------------------------------------------------ STEP 2. Fill in the main points you want to talk about in your paper. Add more lines as necessary to cover all of your primary topics. Example: I. What fossil fuels are II. How fossil fuels contribute to global climate change III. Solar power IV. Wind power V. Hydroelectric power VI. Conclusion Outline of Main Points: I...
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...Working Outline Thesis: The use of hydraulic fracturing or “Fracking” to provide natural gas is immoral because the risks far outweigh the advantages on an environmental and ethical scale. I. What is Fracking? A. Used to release oil or gas from underground formations of shale beds that are too hard to mine. 1. It can pollute local water systems * Toxins from the fracking leak into water systems and poison them * The toxins can get into the drinkable water supply and ruin them 2. The chemicals used damage the environment * The greenhouse emissions from fracking are almost less than half of what we get from coal furnaces. They still have an effect on the air, so one form of pollution changes with another, when there are clean air energy alternatives that have not been utilized effectively. * The recovered water that is used during fracking is usually held in open pits close to the well site causing contamination to nearby wildlife. II. Fracking consumes over one million gallons of water, which only half is recoverable. A. The amount of water used to frack some wells is well over a million gallons. Only 30 to 50% of that water is recoverable. B. 40,000 gallons of chemicals are used per well in fracking. Many of these chemicals haven’t been disclosed to the public at all. III. Fracking can cause a buildup of methane gas in groundwater in surrounding areas. A. Methane gas is a highly flammable, colorless and odorless gas. You...
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...SAFETY AND HEALTH MANAGEMENT SYSTEM IN OIL AND GAS INDUSTRY Author : Subhrajit Bose Managing Partner / Lead Architect Sustainability – NextLink Solutions 3 2 1 Introduction: Safety and health management is one of the vital constituents of Oil and Gas industry activities because most of the operational conditions, chemicals and end products (hydrocarbons and other compounds) associated with Oil and Gas production are well known to pose serious safety and health threats to the workers. INDUSTY OVERVIEW ON August 2012,an explosion caused by the ignition of a leaking GAS at the Amuay oil refinery, which is part of the Paraguana Refinery Complex, killed 48 people; primarily National Guard troops stationed at the plant, and injured 151 others. The deepwater Horizon drilling rig explosion refers to the April 20, 2010 explosion and subsequent fire on the Deepwater Horizon Semisubmersible Mobile Offshore Drilling Unit (MODU) killed 11 workers and injured 16 others. The explosion caused the Deepwater Horizon to burn and sink, resulting in a massive offshore oil spill in the Gulf of Mexico, considered the largest accidental marine oil spill in the world, and the largest environmental disaster in U.S. history. According to the report developed by the NORA Oil and Gas Extraction Council; In the US, during 2003-2008, 648 oil and gas extraction workers were fatally injured on the job, resulting in an occupational fatality rate of 29.1 deaths per 100...
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...& Organisation of the paper 3 Methodology 3 Organization of the paper 3 Section 2: Potential Pitfalls of oil extraction in a developing country 4 2.1.1 Dutch Disease effects in the resource curse 4 2.1.2 Governance related aspects of the resource curse 4 2.1.3 Environmental and public health related effects of the resource curse 5 2.1.4 Institutions 5 2.2 How do these points relate to management in countries? 6 2.2.1 Management of oil discovery and exploitation in Norway 6 2.2.2 Management of oil discovery and exploitation in Nigeria 6 2.3 Is Uganda's current economy at risk of being cursed? 6 Section 3: Uganda Oil & Gas Policy 8 3.1 Conceptualizing the Oil & Gas Policy Framework 8 3.1.1 Linkages of the National Oil and Gas Policy to the Country’s key policy frameworks 8 3.1.2 Using Finite Resources to Create Lasting Benefits to Society 9 3.1.3 Transparency and Accountability. 9 3.1.4 Competitiveness and Productivity. 9 3.1.5 Capacity and Institution Building 10 3.2 Issues arising in the Oil & Gas Policy 10 3.2.1 Institutional Development 10 3.2.2 Size of oil reserves 10 3.2.3 Oil and Gas revenue management 10 3.2.4 Investment promotion 11 3.2.5 National Participation 11 3.2.6 Public anxiety and expectations 11 3.2.7 Contribution of oil and gas resources to the energy mix 11 3.2.8 Impact of oil and gas activities 12 3.3 Crosscutting Issues 12 3.3.1 Impact on national economy 12 3.3.2 Impact on Land Ownership...
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...Final Report Part 1 – Outline Directions: For Part 1, you are required to write a complete introductory paragraph using the outline below. For the second, third, and fourth paragraphs, you need to write complete sentences that show the basic outline for the essay. By completing this outline, you will have a guide to refer to when finalizing your report in Parts 2-4. Introductory Paragraph (Identify the thesis statement and write a complete paragraph explaining the topic in general.) Thesis Sentence: By using non-renewable resources mankind is putting a strain on the earth and causing global warming. Paragraph: Do you know the difference between a non- renewable resource and a renewable resource? A non- renewable resource is a natural resource such as coal, gas, or oil that, once consumed, cannot be replaced. A renewable resource any natural resource (as wood or solar energy) that can be replenished naturally with the passage of time. By using non-renewable resources mankind is putting a strain on the earth and causing global warming. Global warming is a gradual increase in the overall temperature of the earth's atmosphere generally attributed to the greenhouse effect caused by increased levels of carbon dioxide, chlorofluorocarbons, and other pollutants. Paragraph 2: Position (Write a topic sentence that supports your thesis and provides a transition between the paragraphs. Then, record at least three details that provide support for the topic sentence.) Topic Sentence:...
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...Hydraulic Fracturing Kelsey Moore DeVry University 2/16/2014 OUTLINE Introduction Hydraulic Fracturing Working definition of Hydraulic Fracturing Process of fracking Where fracking is being preformed Environmental and Legal concerns 1. Environmental concerns Legal concerns Economic and environment Impact A. How hydraulic fracturing is impacting the environment and economy 1. Environmental impact Economic impact * Conclusion Hydraulic Fracturing Hydraulic fracturing has been used since the 1940s both naturally and man-made. This process allows fracturing to be widened, allowing more oil and gas to be extracted form the certain area of land. The process of fracturing is extracting larger amounts of gas and oil by injecting sand and water mixture into fractures of rocks and rock formations. This allows the underground to be forced open allowing more oil and gas to me extracted. Hydraulic fracturing is being performed all over the world because of the amounts of oil and gas that can be extracted. There are a number of countries that are preforming the process of fracturing which include: United States- Arkansas, Louisiana, New York, Oklahoma, West Virginia, California, Maryland, North Carolina, Michigan, Wyoming, Colorado, New Jersey, North Dakota, Pennsylvania, Delaware, New Mexico, Ohio, Texas. Europe: Poland, Romania, Lithuania, Ukraine South America- Argentina, Mexico, and Brazil. Hydraulic Fracturing has created an increase...
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...Character Count: Hours Dedicated: Federal Law - Federal Leasing In order for the Department of Interior (DOI) to decide which public lands will become available for oil and gas leasing the Bureau of Land Management (BLM), an agency within the DOI must conduct a Resource Management Plan (RMP) guide the BLM in deciding how to best use federal lands. An employee of the BLM known as the “Field Manager” is tasked with preparing the plan. The steps to create and finalize a RMP are: * Use input from the public, Federal agencies, State & local governments and Indian tribes to identify potential issues. * Develop the criteria for the plan, which the BLM will make public before it is approved for used in the planning process. * Collect data and information relevant to the plan goals. * Analyze data to provide the basis for formulating reasonable land use alternative, including the types of resources to be developed or protected. * Formulate and estimate the effects of reasonable resources management alternatives. * The Field Manager will then evaluate and identify a preferred alternative, which will then be submitted to the State Director for approval, publication and filing with the EPA. The draft will also be submitted for comment to various federal, state and local agencies and governments of the affected area as well as the Governor of the state involved. * The Field Manager then evaluates all comments and submits to the State Director a proposed...
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...ACCT429 Week3 Project Research Essay Outline I. Topic II. Introduction A. What are the rules B. Who they apply to III. Body A. What is a PTP B. How it works C. Why it matters D. Examples of PTPs E. Benefits of PTP’s IV. Conclusion Publicly Traded Partnerships (PTPs) and the passive loss limitations According to the IRS Publication 925, there are two sets of rules that may limit the amount of deductive loss from a trade, business, rental, or other income producing activity. These rules apply to individuals, estates, trusts, personal service corporations and closely help corporations. When it comes to PTP the rules must be applied separate to income or loss from a passive activity. In this essay I will tell what a PTP is and I will also give examples of some PTP’s. I will also tell what benefits these PTP’s claims will result from their investments. A publicly traded partnership (PTP) is a partnership between limited partners who provide the capital for the company and the general partners who manage the company. Limited partnership shares in the company are publicly sold by the partnership, offering equal equity or dividends of a public traded company. The publicly traded partnership must withhold tax on any actual distributions of money or property to foreign partners Real estate, energy (including alternative energy fuels), transportation and commodities are some of the PTP’s that the IRS restricts to limited partners...
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...forced into small cracks in the gas-rich shale rock, resulting in the breaking of the rock and the release of natural gas that would otherwise be unobtainable. Hydraulic fracturing is a safe, economically efficient way to drill for natural gas, create jobs, and lessen America’s dependency on foreign oil. Safety is always an important factor when considering new methods for obtaining raw energy sources such as coal, oil, and natural and shale gas. The process of fracking can be considered relatively safe when compared to oil drilling and mining. For example, in 2010 an offshore drilling station suffered a malfunction in a blow back valve that caused a massive explosion killing 11 people and spilling an estimated 200 million gallons of oil into the Gulf of Mexico (Center for Biological Diversity, 2011). While the cost of lost lives is immeasurable, the costs of lost profits from the spilling oil, and the clean-up, are astronomical. The consequences of oil spills are not only immediate, but can also be felt for years after. Similar to the BP oil spill, in 1989 the Exxon Valdez ship ran aground spilling an estimated 750 thousand barrels of crude oil, an amount that equals almost 10 million gallons, into the waters of Prince William Sound. Litigation from this incident alone was continued into 2008 and cost the Exxon corporation $507.5 billion in punitive damages (The Whole Truth, 2008). These costs are then shared among the end user of oil, which is the American population...
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...org/ECONOMICS/Industry.html This week we will tackle critically important issues related to oil. Where do YOU fit in? Canada + Oil = Who Knew? Check out the top petroleum exporters to the USA....you might be surprised! http://205.254.135.24/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html Oil Spills The Gulf oil spill no longer makes the new cycle but is that a good thing? Check out the current status here: http://www.restorethegulf.gov/ Rainbow Lake, Northern Alberta Canada One of the largest oil spills (on land) in North America was detected May 2012. The pipeline owned by Pace Oil and Gas ruptured. This spill was accidentally detected by a plane flying overhead. To date; more than 22,000 barrels of an oil/water emulsion has leaked. To date; 11% of this emulsion has been recovered. One year ago Plains All American Pipeline ruptured spilling 28,000 barrels of oil into Northern Alberta's forests. Oh! Canada! Pace oil & gas ltd. containment update: Rainbow lake crude emulsion leak. (n.d.). Retrieved from http://finance.yahoo.com/news/pace-oil-gas-ltd-containment-215334343.html Rainbow lake oil spill 2012: 22,000 barrels spill in northwestern part of alberta . (n.d.). Retrieved from http://www.huffingtonpost.ca/2012/05/30/rainbow-lake-oil-spill_n_1556622.html Ever wonder what really happens to oil after it has spilled into the ocean? http://lms.seos-project.eu/learning_modules/marinepollution/images/oil_weathering_900...
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