Agenda

Global challenges have very much impacted the energy industry in 2022. As the world aspires to achieve net zero carbon emissions, energy efficiency and accelerated transition will be prioritised to achieve these targets. The industry will continue to collaborate, explore new technologies, and optimise operations to achieve business excellence. Pragmatism and sustainability will provide the industry with technical efficiency, energy security and resilience.

This session will focus on two sub-sessions. The first sub-session will highlight Indonesia's oil and gas prospectivity in a nutshell. The government's perspective on Indonesia's near future plan and the consequences of having such a plan will be explained. Furthermore, several opportunities that will fit every investment appetite will be discussed.

The second sub-session will provide insights on the what, where, and how this prospectivity will fit most investment appetite. Presenters will show areas, possible exploration and development activities, and opportunities for investment. It will be completed with a success story and possible negotiation terms for the investor.

Over the last decade, the global energy industry has faced unpredictable waves of uncertainty. Swung by downturns, geopolitical issues, and economic crises, the industry has been seen differently. At the same time, digitalisation and energy transition have shifted the future energy landscape. The "What If" scenario has been deliberated by professionals and future talents looking at the uncertainties ahead.

Themed "Remapping Career in Oil and Gas Industry - Keeping Up with Future Needs", the session will discuss the industry outlook, challenges, and opportunities for young professionals and students to stay relevant in crafting their careers and becoming the leaders of tomorrow.

Carbon Capture Storage/Carbon Capture Utilisation and Storage (CCS/CCUS) are game-changers for petroleum-related industries to align with the global agenda in reducing greenhouse gas (GHG) emissions. With its immense storage capacity, Indonesia has been globally recognised to play an important role in implementing CCS/CCUS. In March 2023, the Minister of Energy and Mineral Resources ratified a decree on the Implementation of CCS/CCUS in Oil and Gas Working Area. In addition, there have been over 15 activities, ranging from MOUs and pilot projects to the start of engineering design, in pursuing the implementation of CCS/CCUS in Indonesia. However, there are remaining challenges to deploy the technology. In this session, experts from national and international institutions will convey important messages to overcome those challenges.

By 2030, the Indonesian government has set a production target of 1 MMBOD and 12 BCSFD. At the same time, the government remains committed to achieving its Nationally Determined Contributions (NDC) commitment under the Paris Agreement to reduce carbon emissions by 32 or 43% unconditionally, conditioned upon international support.

To achieve these objectives, the government will need to provide regulations and policies, and create an environment that can support an increase in oil and gas production while simultaneously reducing carbon emissions. To this end, the government has introduced a number of low-carbon initiatives in many sectors that contribute to carbon emissions, including the upstream oil and gas industry.

The two "conflicting" commitments are challenging to manage since both have equal priority. In this session, we will hear from experts from diverse backgrounds, with long-term experience and deep expertise regarding the opportunities and challenges in the upstream industry in Indonesia on the viability of increasing production while reducing carbon emissions from technological, policy, and commercial perspectives.

A blowout event occurred at the YYA-1 well, PHE ONWJ Offshore Indonesia. The two main concerns were to stop the blowout and minimise environmental effects on the sea and shore. The oil spill combat process was deployed to contain oil near the blowout well and other impacted zones. To kill the blowout, a relief well was drilled instead of using the existing YYA-1 well due to the collapse of the platform on the original YYA well. It was decided to kill the blowout from the YYA-1 well and convert the existing relief well into a production well.

Three important factors led to the success of this endeavour: conducting the oil spill combat operation, drilling a relief well to kill the blowout, and converting the relief well into a production well. The oil spill combat operation included vessels and aerial surveillance, shoreline assessment, deployment of several oil booms, spray of dispersant, and shoreline clean-up. The source of the blowout was managed by drilling the YYA-1RW relief well to intercept the YYA-1 well, creating a conduit to kill the blowout and secure the well. The last step in this project was to convert the YYA-1RW relief well into a production well. At this point, the barrier integrity was an important matter that needed special attention.

Today is the era of digital innovation; innovation to support organisations in their digital transformation journey. The data science approach, along with Artificial Intelligence and Machine Learning, has provided a paradigm shift in how we operate in the oil, gas, and energy industries. However, many emerging digital technologies, such as cloud computing, rig automation, the Internet of Things (IoT), robotics, Immersive Reality, digital twins, and 5G communications, are rapidly changing the landscape of various aspects of the oil and gas industry. In addition, there is enormous pressure and opportunity for the energy industry to improve the overall efficiency and economics of the business.

The panel session will address the emerging trends in digital transformation beyond AI and automation and the breakthroughs in digital innovation that can provide a substantial impact in solving challenging engineering and operational problems. The panel will discuss how these technologies can be leveraged to automate repetitive processes, provide remote control capabilities to operations, introduce new ways of collaboration, reduce health and safety risks, and, in turn, deliver actionable insights to do more with less. This session will also address the strategic importance of adoption, the challenges, the roadmap, and ways to harness these emerging technologies, with examples of the impact on delivering more efficiency and productivity to organisations.

There has been increasing public and government pressure regarding the impact of the oil and gas industry on the climate. Sustainable-energy investments are gaining traction, as more and more upstream companies face pressure to decarbonise and establish emission-reduction strategies to achieve net-zero targets. Decarbonisation of the oil and gas industry, with a transition to low-carbon energy, will intensify, and renewable energy, along with hydrogen, is gaining momentum.

Research and development, as well as innovation, play a crucial part in formulating technical solutions and lowering the cost of renewable energy. Many hurdles still remain for the widespread use of renewables, both technical and economic. Government incentives and policies, including carbon pricing, will also play a role.

This panel will focus on the transition strategies and initiatives taken by the oil and gas industry towards net-zero carbon. It will discuss the pace of energy transition to renewables, the challenges faced in mature fields, and the roles of, and collaboration amongst, various stakeholders towards this aspiration.

Over the past four decades, the energy landscape has undergone significant changes, but one thing has remained constant: the ever-increasing demand for stable and secure energy as the world's population continues to grow and economies expand. This trend is expected to continue as we look to the future. However, we need to find more efficient and sustainable ways of meeting this growing energy demand while addressing the challenges posed by climate change.

Technology has enabled us to economically monetise our resources, execute projects, and increase production over the years. Technology and expertise will continue to be the key enabler as we move towards monetising our resources more efficiently, sustainably and increasing production to meet global energy demand while reducing carbon footprint.

This panel session will discuss how technology can play a vital role in protecting our base production while simultaneously pivoting our commitment towards net-zero carbon. In this session, we will hear from experts from R&D backgrounds and the industry on various global strategies, initiatives and challenges to produce energy using purpose-fit technology in a viable manner.

To achieve the production target of 1 MMBOD and 12 BCSFD by 2030 set by the Government of Indonesia, massive drilling operations are required to boost oil and gas production.

The Rokan Block will be the main driver to achieve these objectives and will target the drilling of more than 500 wells per year.

The operation needs to ensure the safe delivery of more than 500 wells per year, which requires special resource management and planning, as well as flawless execution. The challenges include contractor management, as contractors will also be stretched to provide equipment and services on time and with very short delays.

The session will discuss safety, engineering, and procurement strategies to ramp up the activities of 27 rigs in a duration of less than 20 months. The factory drilling approach by the project management office (PMO), standardisation of well design, and continuous improvement in Lean Six Sigma will be highlighted in this session. The use of digitalisation to support and optimise delivery will also be discussed, including digital HSSE, machine learning for rig move optimisation, and more.

In addition to drilling project management, sub-surface challenges to streamline candidate selection to maturation shall also be considered in the context of a mature field. Surface facility and construction to support rig move, well site preparation, and well connection are also critical to ensure timely production output from newly drilled wells.

In 2020, the coronavirus pandemic caused a significant decline in economic activity worldwide, leading to a huge decrease in demand for petroleum products and production cuts. As a result, crude oil inventories were close to reaching record highs, and for the first time in history, NYMEX WTI futures went into negative territory on April 20, 2020. Just two years later, global oil prices skyrocketed to more than $120 per barrel on March 08, 2022, following the Russian-Ukraine war outbreak, reaching the highest level in the past decade.

However, as the industry is cyclical, there will come a time when the oil price falls from its high price environment. This panel session will address preemptive actions that should be taken by the industry to prepare for the upcoming commodities price downturn as economic growth picks up post-pandemic and the aggressive rate increases by the Fed cool off speculation in commodity markets.

This session discusses existing and emerging technologies to reduce carbon emissions in the Petroleum Exploration and Production industry. The increased uptake of such technologies will contribute to the sustainability of the petroleum industry during the transition to net zero carbon emissions. Carbon capture utilisation and storage (CCUS) is not included in this session, as this topic will be covered elsewhere in the programme.

Possible topics to be included in this session would include:

• Adoption of low-carbon fuels such as methanol, LNG, ammonia, hydrogen for logistics support, on-site direct use (internal combustion engines and gas turbines) transport, processing and distribution of product.
• Electrification using renewable energy or low carbon fuels to replace internal combustion engines and gas turbines, e.g., in marine operations, drilling, transportation, processing and distribution.
• Energy efficiency improvements including improved process designs and equipment specifications.
• Vent and flare reduction and fugitive emissions reduction.
• On-site renewable power generation e.g., solar, wind, wave, geothermal.
• Economics and decision-making criteria for adoption of such technologies in existing operations and future projects.