Category Archives: Afriandi EP

W12_AEP_Predicting offshore well drilling cost using gold equivalence


Problem identification

Responding Dr. Paul comment on my W9 blog about using gold equivalences as the basis for projecting the costs into the future applied to real oil and gas project, I would like to pick a 6 years data of yearly average unit cost of offshore drilling for analysis.

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Filed under Afriandi EP, Week 12

W11_AEP_Rebaselining the well work operation using Earned Value


Problem identification

Although earned value (EV) offering a new paradigm on well servicing operation monitoring to measure its performance, the operation itself still contain uncertainties. Well servicing is not a fixed project as the project done on the surface. When we’re working subsurface beneath the ground, so many uncertainties haunts the operation.

A workover operation was performed to shut off the watered formation and recomplete to produce the oil from the same formation. Recompletion means to change all existing completion string and replace with the new one. Unfortunately, we found difficulties when millng and fishing the packer which extends the duration and of course the cost. Decision was made to continue the operation. Looking at the progress and the performance, revision to the program is a necessity.

The EV approach is challenged to help us create and monitor the revised budget and duration.

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Filed under Afriandi EP, Week 11

W10_AEP_Monitoring the well work operation using Earned Value


Problem identification

Well servicing operation performed on the hydrocarbon well has two objectives: finding out how the status of the well itself or the reservoir is evolving, and maintaining or adapting the well to keep the best possible operating conditions. Well servicing operations are done over the field’s lifetime. The operations that may have to be carried out on a well are numerous and can be broken down into measurements, maintenance, and workover.

Monitoring a well servicing operation is different with well drilling monitoring. A drilling operation performance can be measured by following the Time-Depth-Cost (TDC) curve. A plateau shown in the depth curve over the time indicates a non productive time (NPT). While a well drilling means a well construction, a well servicing is done in a constructed well. It means that TDC curve is not a suitable to measure well servicing performance. Continue reading

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Filed under Afriandi EP, Week 10

W9_AEP_Reanalysis the Gold savings for cow


200910YearofOxGold

Problem identification

Previously discussed in my W8.1 blog that saving in gold to buy a cow to be sacrificed on Eid al-Adha is preferred as it is the only stable currency. Using the 2000-2013 data price per kg in Rupiah (IDR) and Dollar (USD) which were converted to gold unit per kg for analysis, the 3 trendlines set shows the big spread with R-squared below 0.90. Dr. Paul commented that I need to do experiment to get the curves of scenarios closer together and find the way for the R-squared to be above 0.90. The fluctuation of cow price over the years influences the trendline curves. While the historical values come from the average price of its year, the 2013 value comes from the spot price in Eid al-Adha.

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Filed under Afriandi EP, Week 09

W8.1_AEP_Cow saving for Eid al-Adha


ox year

Problem identification

Performing sacrifice is something that is highly recommended for every wealthy Muslim. Allah has determined camels, oxen, goats and sheep as sacrificial animals. A goat or a sheep slaughtered on Eid al-Adha feast is sufficient for a family. A Camel or a cow can be sacrificed for the seven people in associate. Livestock prices increasing every year, influenced by market supply and demand, import policies, national food security enhancement programs, as well as inflation. According to 2013, a unit price of a live cow was Rp47 000 per kg, while in 2009 price only Rp30 000 per kg. In today’s rupiah, the price in 2009 is equal to Rp36 000. Purchase power of Rupiah to the livestock prices is decreasing.

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Filed under Afriandi EP, Week 08

W8_AEP_Cow saving for Eid al-Adha


ox year

Problem identification

Performing sacrifice is something that is highly recommended for every wealthy Muslim. Allah has determined camels, oxen, goats and sheep as sacrificial animals. A goat or a sheep slaughtered on Eid al-Adha feast is sufficient for a family. A Camel or a cow can be sacrificed for the seven people in associate. Livestock prices increasing every year, influenced by market supply and demand, import policies, national food security enhancement programs, as well as inflation. According to 2013, a unit price of a live cow was Rp47 000 per kg, while in 2009 price only Rp30 000 per kg. In today’s rupiah, the price in 2009 is equal to Rp36 000. Purchase power of Rupiah to the livestock prices is decreasing.

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4 Comments

Filed under Afriandi EP, Week 08

W7_AEP_Walk through the storm


Problem identification

Six weeks have passed since the Simatupang AACE 2014 Team was formed to fulfil the AACE International certification project. In the beginning, it was suggested for the Team select the Norming stage, eventhough Clark’s Team Development Survey resulted the Performing stage. The team leader also suggested to be alert and maintain the team performance by using the Situational Leadership Model of coaching and participating. Ongoing weekly progress reports then showed the group dynamics and trends that may affect the whole team’s performance. Unfortunately, some deliverables are behind their schedules and more are coming in the subsequent weeks. Something is happening and require immediate action to restore the moral of the team individual.

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Filed under Afriandi EP, Week 07

W6_AEP_Get organized for busy mom


Problem identification

As a busy mom, every morning my wife has to face many kinds of job to be done. To mention these routines: preparing meals for her family, dropping-off and picking-up the children at school, getting the housekeeping tasks done by the housemaid, managing her online shop, etc. Getting up early to work out on her business does not really mean that she will have a lot of spare time to relax in the rest of the day or the week. She was looking for my help to organize her responsibilities.

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Filed under Afriandi EP, Week 06

W5_AEP_To Make or Buy for Own Brand of Cloth Diaper


Problem identification

Cloth diapering is an emerging trends in baby care products nowadays. My wife has been involved in this business retail for 5 years. As the holder of a particular brand, she received a discount of up to 40% of each type of goods. With an average turnover of US$5,000 to resale 500 units per month she thought if by selling her own brand will earn greater profits. The costs of making 10,000 units per year are known as the following: the variable cost (cv) of $2 per unit, the fixed cost (CF) of $10,000 per year. There are known producers who offer for tolling at $4 per-unit cost with the minimum order volume of  1000 units. It is now came for her to choose whether making it or outsourcing it. Continue reading

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Filed under Afriandi EP, Week 05

W4_AEP_Adopting EEAP or EDP for Problem-solving Meetings


Problem identification

It was said that the essence of management is in how we run meetings. Meetings should be time-limited and have an agenda. Meetings must be kept short, effective and efficient. There are four reasons for having a meeting: to give information; to get information; to solve a problem; and to make a decision. Solving problems may require a lot of time and should be put in special-attention meetings. The meeting minutes records of what occurs and is said at the meeting. Since the minutes are the legal or official record of the proceedings and actions, it is crucial they are accurate. There is not one universal format applied how to document the minutes. We need to put all important information and the thinking process built in the discussion, not one less, in clear and understandable minutes. A structured and systematic procedure is required to manage the problem-solving sessions and develop its minutes.

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Filed under Afriandi EP, Week 04