LNG (Liquifield Natural Gas) Development
To provide participants with an integrated understanding of formation evaluation fundamentals, rock and fluid properties, and geomechanical concepts required to assess and maintain wellbore stability. Participants will learn how to interpret logs, evaluate reservoir quality, construct geomechanics models, and apply wellbore stability analysis to real drilling and production scenarios.
Designed for,
- Petrophysicists needing stronger integration with geomechanics
- Drilling Engineers who must understand formation behavior and stress impacts on wellbore stability.
- Reservoir Engineers working with rock property models and formation integrity.
- Geologists / Geoscientists involved in reservoir characterization and structural interpretation.
- Completion Engineers dealing with sand control and mechanical integrity.
- Young Professionals or Fresh Engineers in petroleum disciplines aiming to learn fundamentals of formation evaluation & geomechanics.
F. Reservoir Engineering Course/Petroleum Engineering
3 days
Fondation
Classroom + Field Trip
DAY 1 – INTRODUCTION TO LNG BUSINESS & LNG DEVELOPMENT IN INDONESIA
Session 1: Fundamentals of Natural Gas & LNG (08:00 – 10:00)
- What is natural gas: composition, characteristics
- Pipeline gas vs LNG: advantages, limitations
- LNG Process: liquefaction, shipping, regas
- Global LNG infrastructure & Indonesia
Case Study: LNG vs pipeline in Europe & Asia
Session 2: LNG Value Chain & Global LNG Market (10:15 – 12:00)
- Upstream to Downstream value chain
- The role of each Actor (seller, buyer, trader, shipper)
- Global LNG production & Consumption
- JKM, TTF, Henry Hub
- Energy transition trends (CCUS, H2, Ammonia
Session 3: LNG development scheme in Indonesia (13:00 – 15:00)
- Why LNG is vital for Indonesia
- Virtual pipeline concept
- Downstream vs Upstream schemes (in-depth comparison)
- Real-world examples:
– DS LNG (Downstream
– Tangguh LNG (Upstream)
– Badak LNG (LMAN)
Session 4: LNG & Waterfall Development Document (15:15 – 16:00)
- POA/LNG Development agreement
- Seller appointment decree
- JMSSLA, SAA
- BPA for Badak
- TPAA
- Cash waterfall
DAY 2 – LNG SALES & PURCHASE AGREEMENT (SPA)
Session 1: Overview LNG SPA & Contract Types (08:00 – 10:00)
- SPA’s role in project finance & FID
- HOA – MSA – CN – SPA
- Long term vs short term
- Role of utilities vs traders
- Recap value chain for SPA context
Session 1: LNG Pricing Mechanisms in SPA (10:15 – 12:00)
Oil-indexed pricing:
- Brent slope
- Constant
- S-Curve
- Floor/Celling
- Price review
Oil-indexed pricing:
- Henry Hub (115% + liquefaction fee)
- TIF
Workbook Exercise: Calculate LNG price based on Brent & Henry Hub formula
Session 2: Key Clauses in LNG SPA (13:00 – 15:00)
- Upstream to Downstream value chain
- The role of each Actor (seller, buyer, trader, shipper)
- Global LNG production & Consumption
- JKM, TTF, Henry Hub
- Energy transition trends (CCUS, H2, Ammonia
Session 3: LNG development scheme in Indonesia (13:00 – 15:00)
- Why LNG is vital for Indonesia
- Virtual pipeline concept
- Downstream vs Upstream schemes (in-depth comparison)
- Real-world examples:
– DS LNG (Downstream
– Tangguh LNG (Upstream)
– Badak LNG (LMAN)
Session 4: Key Clauses in LNG SPA (15:15 – 15:30)
Volume & Delivery:
- TCQ, ACQ, AACQ
- ADP (Annual Delivery Program)
- Operational tolerance
Buyer Flexibility:
- DQT (Downward Quantity Tolerance)
- UQT
- Make-good
- Make-up
Risk Allocation:
- FOB vs DES
- TIF
- Shipping risk
- Delivery-or-pay
- Take-or-pay
- Destination clause (Free vs Restricted)
Highly motivated earth scientist and engineer holding a B.Eng., M.Eng., and Ph.D. in Geological Engineering with about twenty years of involvement in the petroleum industry. Various experience in both operator and service companies for the petroleum industry, including consulting and training services, as well as academic and laboratory research in Indonesia and the U.S.A. Proven background in communicating technical engineering and geological concepts for beginner to expert audiences, from mentoring junior staff to professional training. Research interests cover a wide range of geological concepts and engineering applications in carbon capture and storage, petroleum, geothermal, mining, civil and environmental engineering topics, which include but are not limited to rock mechanics, geomechanics, structural geology and tectonics, petrophysics, rock physics, and reservoir modeling.
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