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What Profession Is Best For You or Your Children?

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Robert Kiyosaki said A students become professionals such as engineers, accountants, lawyers, scientists, consultants, doctors, IT specialists etc.

He then said B students work for government and C students become entrepreneurs.

Let’s analyse the characteristics of each of these three categories of profession.

In category A, as a professional, you have very good income and decent job security. This is a low- risk yet high income profession.

In category B, as a government worker, you have adequate income but excellent job security. This is also a low- risk profession providing sufficient income.

In category C, as a business entrepreneur, you can become very rich but you have low job security. This is a high-risk profession. As a business person, you may suffer losses or have negative income. This is a high reward and high-risk profession. The positive correlations of high rewards with high risks is a proven economic theory.

So then, what profession is best for you?

Since I have been a professional and an entrepreneur, I like to share with you my thoughts and suggestions. There is no such a thing as the best profession in the world; but for everyone, there is one profession which is best just for him or her. To determine the best profession for you, you should consider these factors:

  1. What are your dreams?
  2. What are your objectives in life?
  3. What profession will fulfil your dreams and life objectives?
  4. What are you good at?
  5. What do other people say you are good at?
  6. How well do you handle stress?
  7. How important is job stability to you?
  8. How healthy are you?
  9. Are you good at problem solving?
  10. Are you a multi-tasking person?
  11. Are you good in handling rejections?
  12. Are you a generalist or a specialist?
  13. Are you a people person or a task person?
  14. Are you a risk-taker of risk avoider?
  15. Are you good in managing money?
  16. Are you the sole breadwinner, the only person who supports the family financially?
  17. Can you afford to fail or lose money?

After you have considered these factors and you still have not found the answer, you should follow your heart. Your body and soul will tell you what is best for you.

You shouldn’t be afraid to fail if you can afford to fail. You will have challenges and failures in your journey to reach your dream; but with each failure you face, you are closer to where you want to be.

Finally, since nowadays most people will change job 3-5 times in their working life you shouldn’t worry too much which profession you choose. Every profession you are in is a bridge or a stepping stone to a better profession. Very often as you go forward in your career, the path leading to your dream will appear in front of you.

Jamin Djuang

23-10-2017

 

 

 

10 Interesting Facts About The Super-Giant Oil Field of Attaka

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This is the Attaka field, a super-giant offshore oil field located 12 miles from the shore of East Kalimantan in Indonesia. It was discovered by Unocal in August 1970. Unocal, and later on Chevron, was the operator of the Attaka unit on a 50-50 interest basis with Inpex. Attaka field is considered a super-giant oil field having 1023 MMBOE of recoverable reserves.

Here are the interesting facts about the Attaka unit:

  1. Two years after its discovery, Attaka field started producing oil in November 1972, making it as the first offshore field in Indonesia.
  2. It has 10 platforms, 6 of which are remote well head platforms producing oil and gas from 109 wells.
  3. Five subsea wells were completed in 1981-1984 to produce the oil accumulation in areas out of reach of the existing remote platforms. These are the first subsea completions in Indonesia and in Asia.
  4. Following the first discovery well, the Attaka Well 1A, seven appraisal wells were drilled to assess to size and potential of the hydrocarbon accumulation.
  5. The huge Attaka reservoir, formed in the very prolific Kutei basin, is a faulted anticline. It has an areal closure of 8000 acres. Attaka field is one of five super-giant fields discovered in the Kutei basin.
  6. Its oil reserves are attributed to oil found in 22 separate sands at depth between 2800 feet and 7600 feet.
  7. Attaka sands have very high permeability. It is as high as 5 Darcy in some wells.
  8. Attaka field daily oil production was 110,000 BOPD at its peak and gas production was 150 MMSCFPD.
  9. A significant milestone was reached when cumulative oil production of 600 million barrels was recorded at 6:42 PM in March 7, 2001. Cumulative gas production in that same year was 1.3 trillion SCF.
  10. Attaka field has more than 50 sands with variable oil reserves. Reservoir sand thickness ranges from 5 to 100 feet. To produce them economically, multiple zone completion method using dual tubing strings and multiple packers was selected. This method allows the engineers the flexibility to select from which of the 2 to 4 perforated zones in each well they would like to produce from.

Jamin Djuang

15 October 2017

8 Power Phrases To Get The Best Out In People

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How to get the best out in your people? You give them affirmations. To be an effective leader, it is important you give verbal affirmations regularly to people who work around you. An affirmation is any form of feedback communicated primarily through language.  Timely affirmations can provide the emotional support and encouragement that people need to perform at the highest level.

You can win the hearts and minds of your people by giving them your sincere affirmations. It can be based on your hope and expectation. It can also be made based on his or her accomplishments, efforts, performance results or progress. Even when someone fails to achieve the desired result, positive affirmations can be given based on the special efforts he or she has put into the task or project.

Here are the power phrases you can use to affirm the people around you:

“Thank you!”

“I believe in you.”

“I know you can do it.”

“I know we can depend on you.”

“I can see you always give your best.”

“I am pleased to see the progress you are making.”

“I thank you for your contributions in making this project a success!”

“I thank you for the job well done and I look forward to working with you again!”

Jamin Djuang

Gas Handling, Conditioning and Processing – A Course by Dr. Maurice Stewart

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If you want to learn:

  • The processes of gas-liquid separation, gas dehydration, glycol regeneration, acid gas sweetening, gas compression and expansion, and other gas conditioning methods
  • How to select and operate gas processing equipment such as separators, heat exchangers, absorption and fractionation systems, gas dehydration systems, refrigeration, low temperature separation units, JT plants and compression systems
  • Different type of gas liquid separators and scrubbers
  • Hydrate formation and how to prevent it

Here is the course information:

Title: Gas Handling, Conditioning and Processing

Instructor: Dr. Maurice Stewart PE, CSP

                       Author of Surface Production Operations: Design of Gas

                       Handling Facilities      

 Date: November 13-17, 2017

Location: Bandung, Indonesia

For enrollment and more information please contact LDI Training.

Email: LDITrain@indo.net.id

Website #1: http://www.lditraining.com

Website #2: https://oilandgascourses.org

 

Plant Piping and Pipeline Systems – A 5 day course by Dr. Maurice Stewart

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If you want to learn:

  • How to determine pressure drop, wall thickness and optimize line size for gas, liquid and two-phase flow
  • How to apply to your piping and pipeline system international design codes / standards such as ASME/ANSI B31.3, ASME / ANSI B31.4, ASME ANSI B31.8, ASME Section VIII, Division 1 & 2, ANSI B16.5, API RP 14E, API RP 14C and API RP 14J, API RP 520 Part 1 & 2, API 521, API 526, API 2000, API 1104 and NACE MR-01-75
  • How to select the appropriate ANSI / API pressure/temperature ratings for pipe flanges, valves and fittings
  • How to analyze piping systems so as to determine piping “spec breaks”
  • How to design and analyze new and existing piping systems for expansion, supports, pumping, compression, manifolds, pigging and insulation requirements

Here is the course information:

Title: Plant Piping and Pipeline Systems

Instructor: Dr. Maurice Stewart P.E., CSP

                        Author of Facility Piping and Pipeline Systems  

Date: October 16-20, 2017

Location: Bandung, Indonesia.

For enrollment and more information please contact LDI Training by:

Email: LDITrain@indo.net.id

Website #1: http://www.lditraining.com

Website #2: https://oilandgascourses.org

 

Oil and Water Handling and Processing – A 5 day Course by Dr. Maurice Stewart

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If you want to learn:

  • The surface production facilities for handling produced oil and water
  • The oil/water/gas separation process and equipment
  • The emulsion and oil treating process and equipment
  • The water treatment process and equipment
  • Filtration and types of filters
  • Oil and water metering and types of meters
  • The important parameters in designing, selecting, specifying, operating and trouble-shooting these oil and water processing facilities
  • How to operate, size, specify, maintain, test and trouble-shoot surface equipment such as separators, heater treaters, wash tanks, gun-barrels, storage tanks, pumps, ACT units and produced water disposal and injection equipment

Here is the course information:

Title: Oil and Water Handling and Processing

Instructor: Dr. Maurice Stewart P.E., CSP

Date: October 30 – November 3, 2017

Location: Bandung, Indonesia.

Course Materials  

A copy of the newly revised 2nd Edition of Volume 1 of the widely acclaimed “Surface Production Operations: Design of Oil Handling Facilities,” written by Ken Arnold and Dr. Maurice Stewart. This textbook continues to be the standard for industry, and has been used by thousands since its first printing over fifteen years ago, plus:

  • A comprehensive set of lecture notes for after course reading and reference
  • An extensive set of practical in-class “case study” exercises specifically developed by Dr. Stewart that emphasizes the design and “trouble-shooting” pitfalls often encountered in the industry. The suitability and applicability of the case studies is recognized as one of the best in the industry.

For enrollment and more information please contact LDI Training.

Email: LDITrain@indo.net.id

Website #1: http://www.lditraining.com

Website #2: https://oilandgascourses.org

 

 

 

The Importance of Petroleum Economic Evaluation and Risk Analysis

An oil platform

 

In today’s volatile oil price environment, the analysis of risk in an economic evaluation of an upstream oil and gas investment is absolutely crucial. Corporate/asset acquisitions and disposal, acreage bidding, exploration drilling evaluations, field development decisions, equipment purchases, lease / buy decisions, fiscal negotiations and so on all require comprehensive economic analyses.

 

The complete economics analysis will be based first of all on detailed after tax cash flow analyses incorporating full fiscal effects, the assessment of economic indicators and detailed probability analysis. Such analyses are now standard in the evaluation of investments in today’s international upstream oil and gas industry.

 

If you want to be able to perform this analysis and learn how to:

  • Value oil and gas properties
  • Construct petroleum industry cash flow projections.
  • Calculate and know how to apply economic indicators.
  • Perform risk analysis to exploration & production investments.
  • Evaluate and model fiscal/PSC terms of countries worldwide.

Here is the course which you may want to attend:

Title: Petroleum Economics and Risk Analysis

Instructor: Mr. Guy Allinson

Date: July 17-21, 2017

Location: Bandung, Indonesia

To enroll or get more information, please contact LDI Training.

Email address: LDITrain@indo.net.id

Website: http://www.lditraining.com

 

 

 

 

The New 2017 API RP 14C and API RP 17V

In 2017, API published the new 8th Edition of API RP 14C and created the new 1st Edition of API 17V for subsea applications.

Here are the major modifications of API RP 14C and the new guidelines provided in API RP 17V:

  1. The API RP 14C, new 8th Edition “Analysis, Design, Installation and Testing of Safety Systems for Offshore Production Facilities” was developed in coordination with the brand new First Edition of API RP 17V “Recommended Practice for Analysis, Design, Installation and Testing of Safety Systems for Subsea Applications”.
  2. Changes in safety system technology.
  3. Additional guidance for facility safety systems as they have become larger, more complex and moved into deeper water.
  4. Added requirements which include extensive emphasis on the performing of hazards analysis due to increased flow rates, pressures, temperatures and water depth.
  5. Better alignment with API Standard 521, “Pressure-relieving and Depressuring Systems”.
  6. Additional requirements for pumps and compressors greater than 1000 HP and reference to API 670.
  7. Additional requirements to protect against backflow and settle-out pressures.
  8. New address on low-temperature hazards.
  9. Enhancements on open deck Fire and Gas detection placement and sensor type.
  10. Extensive emphasis on performing hazards analysis to include introduction of the Prevention vs. Mitigation concepts.
  11. Additional annex to cover topside High Intensity Pressure Protection Systems (HIPPS).
  12. Additional annex to cover Safety System By-passing.
  13. Additional annex to cover Logic Solvers.
  14. Additional annex to cover Remote Operation.

If you have need to understand these new modifications in API RP 14C and the new guidelines provided in the brand new API RP 17V for subsea applications, here is a 3-day course which you and/or your colleagues may want to attend:

Course Title: The New 2017 API RP 14C and API RP 17V

Course Date: August 14-16, 2017

Location: Bandung, Indonesia

The Instructor: Dr. Maurice Stewart, PE, CSP

For enrollment and further information please contact LDI Training at LDItrain@indo.net.id.

Note: Since the API RP 14C and API RP 17V are critically important for the safety of your offshore and subsea facilities, please share this information with your company’s managers, supervisors, engineers and safety personnel who need to:

  • Develop a better understanding of the modifications of the 2017 edition of API RP 14C and the newly created API RP 17V
  • Appreciate the main steps contemplated in the Safe Design of onshore, offshore and subsea applications
  • Better understand the scope and functioning of the various safety related equipment installed onshore, offshore and subsea.

Modern Well Test Analysis – A 5 day course by Dr. Roland N. Horne

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In this 5-day well test analysis course, Dr. Roland N. Horne, a Professor from Stanford University, will personally show you how to:

  • Interpret well test to determine reservoir properties
  • Analyze transient well data to diagnose well condition
  • Design well tests for maximum efficiency and success
  • Use computer-aided interpretation tools

And you’ll also get:

  1. A textbook on well test analysis written by Dr. Roland Horne
  2. More than 30 examples of well test examples for further learning after the course is over
  3. Know how to analyze various types of well test data including geothermal wells
  4. Learn all the latest analysis techniques to analyze complex reservoirs

This course consists of lecture presentations and doing exercises using PC’s and software featuring all the latest analysis techniques. The course will use commonly applied commercial well test interpretation software, which will allow the attendees to practice analyzing all the 35 included well test examples, using the same tools likely to be used every day in your company.

COURSE OUTLINE

Well Test Objectives

  • Buildup, drawdown, interference and reservoir limit testing
  • Test design to meet specific needs

Well Test Concepts

  • Wellbore storage and skin
  • Dual porosity
  • Reservoir boundaries
  • Superposition and desuperposition
  • Rate-normalization
  • Radius of investigation and drainage area
  • Dimensionless variables

Computer-Aided Approaches

  • Graphical   presentations.
  • Derivative plot
  • Recognition of reservoir characteristics
  • Non-linear regression
  • Confidence intervals
  • Data preparation and filtering

Graphical Analysis Methods

  • Horner and MDH plots
  • Locating the correct semilog straight line
  • Boundary effects
  • Fractured wells
  • Average reservoir pressure
  • Type curve analysis

Special Topics

  • Geothermal wells
  • Gas wells
  • Multilayered reservoirs
  • Interference tests
  • Horizontal wells

Field Examples

The course will include at least 30 field examples from a wide variety of different types of well tests from across the world. Included are oil wells, gas wells, geothermal wells, injection wells, thermal recovery wells, horizontal wells, buildup tests and interference tests. Attendees are also encouraged to bring their own well test data for interpretation during the course.

 WHO SHOULD ATTEND

  • Reservoir engineers
  • Production engineers
  • Drilling engineers
  • Development geologists
  • Petroleum engineers

ABOUT DR. ROLAND N. HORNE

 Dr. Roland Horne is a Professor of the Department of  Energy Resources  Engineering  at Stanford University,  and  is an internationally recognized specialist in the area of well test analysis. He was Chairman of the Department of Petroleum Engineering at Stanford for 11 years, and is also a member of the US National Academy of Engineering.

Under Dr. Horne, at least 49 people have obtained Ph.D. at Stanford, mostly in well test research areas. Currently Stanford is recognized as one of the top schools in the world for the study of well test interpretation. He has written more than 150 technical papers and two books on the subject of well testing.

About LDI Training (PT Loka Datamas Indah)

LDI Training has been providing O&G training to top companies in Asia Pacific for almost 30 years. Our main office is located at: Jalan Suryopranoto 2, Harmoni Plaza B-16, Jakarta 10130, Indonesia. 

COURSE DETAILS

Date and Location: August 21-25, 2017 in Bandung, Indonesia      

Course Fee: US$4490 per person

To enroll or get more information please contact LDI Training by:

Email: lditrain@indo.net.id

Phone: 62-21-6326911

Fax: 62-21-6305074

To enroll online please visit http://www.lditraining.com

 

 

8 Tips For Your Personal Success

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Here are 8 tips on living a successful life:

  1. See failure as a beginning, not an end.
  1. If you don’t go after it, you won’t have it.
  1. Always do more than is expected of you.
  1. Assume nothing, question everything.
  1. Make peace with your past, or you’ll pay for it.
  1. Stop thinking so much, start doing it.
  1. Never compare yourself to others.
  1. Teach others what you know.

Jamin Djuang, May 6, 2017