| Title | Discrete Vs Integrated Project Management (IPM) and Integrated Drilling Service (IDS) Contract for Geothermal Drilling in Indonesia |
|---|---|
| Authors | V. Agustino, F. Muhammad, F. Fininda, D. Adityatama, A. Krishamidan, P. Asaari, S. Nainggolan |
| Year | 2020 |
| Conference | New Zealand Geothermal Workshop |
| Keywords | Geothermal, Drilling, Contract, Indonesia |
| Abstract | Drilling for geothermal activity in Indonesia has been growing in recent years. Many energy companies have entered the geothermal industry in Indonesia. These newly established companies usually have limited geothermal knowledge on their team. Most of them use Integrated Project Management (IPM) and Integrated Drilling Service (IDS) contract types to develop their geothermal area starting from the drilling campaign to their power plant purchasing and installation. Unlike geothermal practices, the oil and gas industry in Indonesia is more mature and settled, where most of operators are using a discrete type of contract for drilling. The purpose of this study is to compare between the discrete contract type and IPM/IDS contract type. Various aspects like company strategy, resources quantity and quality, logistic and location of the project and many other things will give us insight into what is the most suitable drilling contract type between IPM/IDS or discrete for geothermal companies in Indonesia. This application of contracts is analyzed based on the technical and economic aspects to give a summary of what factors need to be considered before applying one type of contract. This paper is expected to give a thorough summary of the advantages and disadvantages of discrete and IPM/IDS contract types for geothermal drilling campaigns. What type of contract is most suitable for geothermal operators based on the resources they have and the kind of project that they want to develop? Further studies with more sources are still required to fully prove the feasibility of the concept. |