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FEASIBILITY STUDY OF DEEPWATER OPERATION BASED ON INDONESIA COST RECOVERY PSC SCHEME
No full textNakor Energi Indonesia (not the real name) is responsible for the deepwater operation at Bratasena Field, originally finished by January 2020. Since 2017 Nakor has decided not to continue this operation in the Bratasena Field because it is not economical. Eleven jobs were canceled. However, in December 2019, the Government of Indonesia sent an inquiry to Nakor Energi to continue Bratasena Field’s operation until December 2027. The request’s background is because two big gas producer wells from that nearby field are currently utilizing the production facility at Bratasena.Nakor is trying to perform the feasibility study for all the projects that were canceled before. The analysis started by collecting all the important data like oil production data, capital expenditure estimation, and uncertainty analysis related to the project execution. Cost Recovery PSC payment scheme and Discounted Cash Flow model are used to evaluate the investment. The final result will be simulated with sensitivity analysis to measure each cost component’s impact on the investment calculation.Based on the analysis and calculation, by using the average of oil prices of US 49 million, and operating expenditure of US 2.1 million. Nakor has the WACC of the company at 10%. This deepwater project gives the NPV of US$ 1.5 million, IRR of 48%, PBP for 12.06 months, and DPI of 1.13. Even though this project generates value for Nakor, the DPI of 1.13 does not meet the minimum economic hurdle from Nakor Oil Corporation.Nakor Energi Indonesia should divert the budget schedule to any other more feasible project, probably in their land operation with fewer risks and complexity for the current situation. The Bratasena Field can be kept as is and continue supporting gas production from Bongka Field while producing oil and gas from current online wells. Nakor Energi Indonesia might offer the deepwater operation to another offshore operator if there is any interest from other companies. Suppose there is no other company interested in taking over this field. In that case, Nakor Energi might start the wells’ permanent abandonment by utilizing the approved Asset Site Restoration budget for the wells without any future utilities and preparing the decommissioning process for this field to Indonesia’s Government.Keywords: Production Sharing Contract, Feasibility Study, Oil and Gas Deepwater Operatio
Analyzing Human Capital Readiness and Organizational Digital Transformation Toward Industry 4.0 PT. Telekomunikasi Indonesia Witel Madiun
No full textAbstract. The purpose of this research is to find out how the readiness of human capital and digital transformation of the organization at Telkom Witel Madiun toward change in industry 4.0. The analysis technique used in this study is to analyze employee perceptions about the gap that occurs between the present condition and the expected conditions of each variable consisting of factors such as Knowledge, Hard Skill, Soft Skill, and Attitude using Importance Performance Analysis (IPA). Each variable in these factors will be mapped in the Cartesian diagram quadrant to find out which variable should be considered. The subjects of this study is Telkom Witel Madiun human capital, Telkom Witel Madiun full-time employees. Furthermore, researchers used qualitative through interviews to find out how Telkom Witel Madiun dealing with digital transformation. The results of this study will produce the condition of human capital at Telkom Witel Madiun and then will give the right suggestion or solution in accordance with the previous analysis. Although Telkom Witel Madiun already using a digitalization on their operational business, they need to improve their human capital due to the technology advancement nowadays to create more efficient and accurate work.Keywords: Industry 4.0, Human Capital, Gap Analysis, Generation, Digital Transformatio
The usage of humor as a coping mechanism towards the academic performance of undergraduate students
No full textAbstract. Coping mechanisms can be defined as efforts to master, reduce, or tolerate demand or strain. Coping mechanisms aim to provide the user with a state of well-being. Humor is one of the available coping mechanisms. Humor, when being used as a coping mechanism, may help undergraduate students to perform better in their academic performance during times of crisis. In this case, undergraduate students have to endure a crisis-based online learning environment which proves to be more difficult than the usual with the presence of a strain (pandemic crisis). The research aims to determine the relationship between humor in general and the different types of humor as a coping mechanism and the academic performance of undergraduate students in a crisis-based online learning environment. The research uses primary data generated from a simple random sampling technique using an online questionnaire that was distributed to respondents and secondary data from journals and literature. The respondents of this research are 389 undergraduate students from the Bandung Institute of Technology (ITB). The data is analyzed using a Multiple Linear Regression and Pearson Correlation Method. The result shows that humor correlates positively with the academic performance of undergraduate students in a crisis-based online learning environment, albeit very weak or very small. The benign types of humor correlate positively with the academic performance of undergraduate students in a crisis-based online learning environment with a very low to a strong degree of strength. This research is unable to conclude the relationship between the injurious types of humor and the academic performance of undergraduate students in a crisis-based online learning environment due to statistically insignificant data. The findings of the research recommend practitioners such as undergraduate students and universities not to overuse humor as a coping mechanism to increase academic performance in a crisis-based online learning environment. The research also recommends using self-enhancing humor to build a crisis-based online learning environment with a sense of humor to make it easier to respond to crisis conditions. Future research may add moderating variables and greater sample size to approve or disprove the findings of this research.Keywords: Coping Mechanism, Humor, Academic Performance, Undergraduate Student
The effect of credit and liquidity risk on bank's financial performance: the case of Indonesian banks in buku 3 and 4
No full textAbstract. In 2019, global growth weakened to 2.4 per cent, which affected banks in Indonesia. It is said that banks with strong liquidity must be careful, especially BUKU 3 and BUKU 4 banks since the liquidity of these banks was still relatively high; those are 103.49% and 91.81%. With the strict Liquidity risk, BUKU 3 and BUKU 4, it is necessary to see how much influence liquidity and credit risk has on the performance of BUKU 3 and 4 banks. Thus, the banks were able to do risk mapping and immediately mitigated the risk to improve bank performance and avoid default risk. In conducting this research, the data are gathered in the form of financial statements released by each bank sample found on each Bank's website and OJK website. The range of the data gathered is from 2015- 2019 in the five years of the published financial statement from 32 sample Banks categorized in BUKU 3 and BUKU 4 banks. This research uses panel regression to test each hypothesis. The result of this research shows that credit risk, which is represented by NPL Ratio, has a significant negative effect with ROA and ROE. At the same time, the liquidity ratio has a significant and positive effect on ROA and ROE. The effect of Bank Capital has a positive impact on ROA. While Bank Size does not affect all dependent variables partially but simultaneously affects ROA, ROE, and NIM. Meanwhile, the NIM variable is partially not affected by each independent variable. However, simultaneously, NIM is affected by all independent variables in this study. From the result, the author recommended each Bank needs to improve the credit monitoring process, in order to minimize credit risk and to overcome this liquidity risk, banks must seek other funding such as issuing sub-debt (debt securities), bonds, and increase capital.Keywords: Credit Risk, Liquidity Risk, Return on Asset, Return on Equity, Net Interest Margin, Bank's Performanc
The determinants of financial literacy among chess athletes in indonesia and its relationship to financial behaviour
No full textAbstract. Being an athlete is not just considered as a hobby, but for some people, it is a way of life, a profession. However, the athlete in Indonesia is faced by many uncertainties; there are many cases where athletes fall into poverty after retirement. This uncomfortable uncertainties condition stacked up with the uncertainness of financial crisis that could happen anytime. Hence, it is crucial for athletes to manage their finance well. Completely aware of this situation, this research aim to analyze athlete, especially chess athletes determinants of financial literacy and the relationship to financial behaviour. The study found out that chess athletes financial literacy level is considered low in all areas of financial literacy. Meanwhile, formal education, age, monthly income and monthly spending are significant variables towards financial literacy with formal education as the most significant variable. On the other hand, overall financial literacy has significant effects towards almost all seven financial behaviour variables. From the findings, it is important for government to rethink the way they literate society regarding financial management. Government can cooperate with related department such as OJK and national sports committee to implement improved financial literacy program.Keywords: financial literacy, financial behaviour, chess athlete, athlete
Designing change management for business expansion in a msme (study case of tahu sulthan company)
No full textAbstract. Micro, Small, and Medium Enterprises is a productive business that is very important in creating jobs and developing the global economy for Indonesia. One of the industries of MSME that encourages economic growth is the food and beverage industry especially in the food processing sector. Klaten Regency is an area located in Central Java that has a variety kind of MSME, one of which is the tofu-making industry, one of the tofu companies that is still running is the Tahu Sulthan company. Tahu Sulthan company is a company that was founded in 2010. This tofu company was founded by Mr. Widoyo and is engaged in the tofu processing industry. The problem that arises and is experienced by this company is that it still does not have a well-organized management system., such as problems with workers, administrative, marketing, operational, sales growth, and competitor pressure. This research was prepared using two models of change management, by using the McKinsey 7s as a model in diagnosing problems. Then, after the solution is obtained, proceed with using Kotter’s 8 Step of Change to implement the change strategyKeywords: Change Management, Micro-Small-and-Medium-Enterprises (MSME), Business Expansion, 7s McKinsey, Kotter ‘s 8 Step of Change Management Mode
Analyzing barista interpersonal communication in creating customer satisfaction (case study: brewang coffee bandung)
No full textAbstract. Brewang Coffee Bandung was founded by a group of young people who want to participate in the development and preservation of coffee, especially Indonesian coffee in the form of a medium business that focuses on quality in the process of making, serving and learning coffee. Seen from the relationship between customers and Brewang baristas that occur in the field, Brewang Coffee Bandung customers are satisfied with the style of communication carried out by Brewang baristas. To analyze and research this use qualitative approach research methodology is used in this research to gain information and identify the roles and style of barista communication style. The primary data gathered is from interviewing five baristas and supported by secondary data from interviewing ten loyal customers and one owner. For analysis technique, descriptive analysis is performed. The results of this study indicate that all aspects of communication effectiveness (openness, empathy, supportive attitude, equality) and all aspects of customer satisfaction (whole customer satisfaction, confirmation of hope, repurchase intention, willingness to recommend) are found in barista interpersonal communication in creating customer satisfaction in the Brewang Coffee Bandung. The recommendations for Brewang Coffee Bandung must be more assertive in communicating the rules to the customer even though there are no restrictions between baristas and customers, they should pay more attention to the quality and product variants to increase sales, and maintain all four aspects of communication effectiveness in creating customer satisfaction. Keywords: Interpersonal Communication, Barista, Coffee Shop, Communication Effectiveness, Customer Satisfactio
The Factor Affecting Customer Satisfaction Towards Internet Service Provider for Millennials in Bandung
No full textAbstract. Service quality has been considered as one of the key elements of service provider success because it can cause customers to be satisfied. This research was conducted at PT. Telekomunikasi Indonesia, Tbk (PT. TELKOM), which is the only state-owned enterprise (SOE) service provider telecommunications and network in Indonesia. Millennials (millennial generation, Generation Y) is the phrase used to generally describe a person who reached adulthood in the early 21st century and covers the generation of people born between 1980 and 2000. Millennials are those who grew up using electronics, the Internet and online social communities. This research aims to determine the level of consumer satisfaction with service quality. This study took 158 respondents, and then performed Servqual calculations to determine the value of GAP, the results of the GAP were used as input data for Importance-Performance Analysis (IPA) which were then identified 4 Attributes that must be considered in the katesius diagram. then the Customer Satisfaction Index (CSI) is calculated, the results of which are very disatisfied.Keywords: Customer Satisfaction, Internet Service Provider, Service Quality, Importance Performance Analysi