IJSTR

International Journal of Scientific & Technology Research

Home About Us Scope Editorial Board Blog/Latest News Contact Us
0.2
2019CiteScore
 
10th percentile
Powered by  Scopus
Scopus coverage:
Nov 2018 to May 2020

CALL FOR PAPERS
AUTHORS
DOWNLOADS
CONTACT

IJSTR >> Volume 5 - Issue 2, February 2016 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



The Utilization Of Resources And Regulation Along With Company’s Strategies In Managing Oil And Natural Gas Industry In Indonesia

[Full Text]

 

AUTHOR(S)

Sigit Rahardjo, Sucherly, Ernie Tisnawati Sule

 

KEYWORDS

upstream oil and gas industrial activities, oil and gas resources, regulation, management strategies, production performance.

 

ABSTRACT

Oil and gas production in Indonesia has been declined since 1995 up to now, the effort to increase the production has been done but it does not result yet. In contrast, day by day the investment is getting increased and huge; on the other hands, it becomes a problem and a challenge for Indonesia to meet oil needs as raw material for refined fuel oil either for transportation or industries. Day by day the needs of refined fuel oil is getting increased and huge as it is correlated to the increasing of the number of motorcycles either two-wheeled or four-wheeled as well as the increasing of oil and gas or non-oil and gas industries. Oil and natural industry (Resource Base) has specific characteristics those are internal factor that uses resource such as high technology, huge investment/ cost, as well as competent human resources. Besides, the external factor those are good regulations either in the central and regional levels as well as the sector which is very important toward the production performance and the of company management’s strategies to manage this industry. This paper attempts to figure out the impact of internal factor in the form of resources and external factor in the form of regulation as well as the effect of production performance toward petroleum companies of upstream sectors in Indonesia and management’s role, especially, petroleum industrialists in managing the company. The wane of oil production and the increasing of refined fuel oil need in Indonesia as well as the increasing of oil production cost then it will affect the industrialists’ strategies in managing the companies. The resources consist of human resource, oil reserve as well as petroleum technologies. While, regulation consists of law, central and regional government regulations and rules in oil and gas sector. Whereas, the company’s strategies are explained by production volume and selling volume of oil. Company’s performance which sets to work in upstream sector is influenced by various factors which are interconnected and it impacts on the companies at the same time. In addition, for the moment, the companies which engage in upstream oil and gas sectors in Indonesia are quite a lot either domestic (National Oil Company) or International Oil Company (IOC). Currently, companies in Indonesia are in the form of Production Sharing Contractor, Joint Operating Body and Cooperation Operation (KSO), and currently upstream sector companies specifically which are producing are more than 50 companies.

 

REFERENCES

[1]. Abdul Wahab, A.K., 2004, Risiko Bisnis Sektor Hulu Perminyakan (Analisis Teknis & Finansial), 1st Edition, Pradnya Paramitha, Jakarta

[2]. Asep Hermawan., 2009, Penelitian Bisnis Paradigma Kuantitatif, 1st Edition, Grasindo, Jakarta.

[3]. Andersen, J.C, & Narus, J.A, 2004, Business Market Management, 2nd Edition, Prentice Hall, New Jersey.

[4]. Cooper, D.R & Schindler P.S, 2006, Business Research Methods, 9th Edition, McGraw Hill, Singapore.

[5]. Cravens, D.W., Merrilees, B & Walker, R.H, 2004, Strategic Marketing Management for Pacific Marketing Region, 1st Edition, McGraw Hill, New South Wales Australia.

[6]. Cravens, D.W. & Piercy, N.F., 2006, Strategic Marketing, 8th Edition, McGraw Hill, Singapore.

[7]. David, F.R., 2003, Strategy Management Concepts, 9th Edition, Prentice Hall, New Jersey.

[8]. Davis, D., 1996, Business Research for Decision Making, 4th Edition, International Thomson Publishing Inc., Belmont California.

[9]. Johnston, D., 1994, International Petroleum Fiscal System and Production Sharing Contract. PennWell Publishing Corp., Tulsa Oklahoma USA.

[10]. Etherington, J., Pollen, T. & Zuccolo L., 2005, Oil and Gas Reserves Committee (OGRC), Comparison of Selected Reserves and Resource Classifications and Associated Definitions, Mapping Subcommittee, Final Report, OPEC-Wina.

[11]. Ety R., Ratih T. & Abdul M.L., 2009, Metodologi Penelitian Bisnis dengan Aplikasi SPSS, Edisi Revisi, Penerbit Mitra Wacana Media, Jakarta.

[12]. Harsa, A.E., Suhendar A.R. & Kusuma L., 2004, Economic Analysis Petroleum Exploration and Production Projects, Course Material 33rd Annual Convention, Indonesian Association of Geologists, Bandung.

[13]. Hill, R.M., Alexander R.S & Cross J.S., 2005, Industrial Marketing, 4th Edition, A.I.T.B.S Publisher & Distributors, Delhi, India.

[14]. Hill C.W.L. & Jones, G.R., 1998, Strategic Management an Integrated Approach, 4th Edition, Houghton Mifflin Company, Boston.

[15]. Hitt, M.A., Ireland, R.D. & Hoskisson, R.E., 2002, Manajemen Strategis Daya Saing & Globalisasi, Terjemahan, Penerbit Salemba 4, Jakarta.

[16]. Hooley G., Saunders J. & Piercy N., 2004, Marketing Strategy and Competitive Positioning, 3rd Prentice Hall, Harlow, London.

[17]. H.L. Ong, 2008, Practical Investment Appraisal and Business Decision Analysis in the Exploration and Production of Oil & Gas with Special Reference to the Indonesia PSC, Course Note: Volume 1 &2, Program S2 ITB, Jakarta.

[18]. Hunger, J.D., & Wheelen W.L., 2003, Manajemen Strategis (Terjemahan), Edisi Bahasa Indonesia, Penerbit ANDI, Yogyakarta.

[19]. Husein Umar, 2005, Strategic Management in Action, Cetakan Keempat, PT Gramedia Pustaka Utama, Jakarta.

[20]. Hutt M.D. & Speh TW., 2004, Business Marketing Management a Strategic View of Industrial and Organizational Markets, 2nd Edition, South-Western Thomson, Mason Ohio.

[21]. Imam Gozali, 2005, Structural Equation Modeling, Teori, Konsep & Konsep Aplikasi dengan Program Lisrel 8.54, Penerbit Undip, Semarang.

[22]. Kaiser M.J. & Pulipher A.G., 2004, Fiscal System Analysis Consessionary & Contractual Systems Used in Offshore Agreement, Cooperative Agreement Coastal Marine Institute & Louisiana State University, Baton Rounge Louisiana.

[23]. IPA, 2006, Indonesia Petroleum Association Annual Report, 33th General Meeting, IPA Board Directors, Jakarta.

[24]. Khrisna K. Halvaldar, 2005, Industrial Marketing, 2nd Edition, McGrawHill, Singapore.

[25]. Michael E. Porter, 2004, Competitive Advantage: Creating and Sustaining Superior Performance, 1st Free Press Export Edition, Simon & Schuster Inc., New York.

[26]. Mintzberg H., Lampel J., Quinn J.B., & Ghoshal S., 2003, The Strategy Process Concepts Contexts Cases, 2nd Edition, Pearson Education Ltd., Harlow London.

[27]. Opec Secretariat Research Division, 2002, Upstream Petroleum Contracts within OPEC and Non-OPEC Countries: Legal, Fiscal, and Economic Comparative Study, Energy Studies Department OPEC, RD180/ESD78/02/98ECB/1447, confidential.

[28]. PWC, 2005, Oil and Gas Investment in Indonesia, PriceWaterHouse Coopers-Indonesian Petroleum Association, Jakarta.

[29]. PWC, 2010, Oil and Gas in Indonesia Investment and Taxation Guide, Jakarta.

[30]. PWC, 2010, Pressure is on Investor Survey of the Indonesia Oil and Gas Industry, Jakarta.

[31]. Richard D. Seba, 2003, Economics of Worldwide Petroleum Production, 2nd OGCI & PetroSkill Publication, Tulsa Oklahoma.

[32]. RJ. Mockler, 1999, Multinational Strategic Alliances, 1st Edition, John Wiley & Sons Ltd., West Sussex, England.

[33]. IWPL, 1998, Petroleum Economics and Risk Analysis in Indonesia, Yogyakarta.

[34]. Sanchez R. & Heene A., 2004, The New Strategic Management, 1st Edition, John Wiley & Sons Inc., New York.

[35]. Setyo H. Wijanto, 2008, Structural Equation Modeling dengan LISREL 8.8, Graha Ilmu, Yogyakarta.

[36]. Sugiono, 2009, Metode Penelitian Bisnis, 14th Edition, Alfabeta, Bandung.

[37]. Sutadi, P. Utomo, 2010, Production Sharing Contract, Jakarta

[38]. Thompson, A.A., gambel J.E., & Strickland A.J., 2004, Strategy: Core Concepts, Analytical Tools Readings, 3rd Edition, McGraw Hill, New York.

[39]. Uma Sekaran, 2006, Research Methods for Business: A Skill Building Approach, 4th Edition John Wiley & Son, New York.

[40]. Winardi, 1998, Kamus Ekonomi: Inggris-Indonesia, Cetakan XVI, Penerbit Mandar Maju, Bandung.

[41]. W. Partowidagdo, 2002, Manajemen dan Ekonomi Minyak dan Gas Bumi, diterbitkan Program Studi Pembangunan Program Pascasarjana ITB, Bandung.

[42]. W. Partowidagdo, 2009, Migas dan Energi di Indonesia: Permasalahan dan Analisis Kebijakan, Penerbit Studies Foundation, Jakarta.

[43]. Yuyun Wirasasmita, 2006, Pedoman Penulisan Disertasi, Unpad Program Doktor Bisnis Manajemen, Bandung.

[44]. Yuyun Wirasasmita, 2004, Kumpulan Makalah Penulisan Tesis/Disertasi Universitas Padjadjaran, Bandung.