PLAN OF

DEVELOPMENT

CANOPUS FIELD

23 FEBRUARY 2018
 JOVIAN OIL
COMPANY 
F O U N D E D O N 2 0 D E C E M B E R 2 0 1 7

  J A L A N K Y A I T A P A N O . 1 ,
R T . 6 / R W . 1 6 , T O M A N G , G R O G O L
P E T A M B U R A N , R T . 6 / R W . 1 6 , T O M A N G ,
G R O G O L P E T A M B U R A N , K O T A
J A K A R T A B A R A T , D A E R A H K H U S U S
I B U K O T A J A K A R T A 1 1 4 4 0
( 0 2 1 ) 5 6 6 3 2 3 2
J O V I A N O I L C O M P A N Y @ G M A I L . C O M  
 MOTTO

SOLVE PROJECT FAST EFFICIENTLY

ZERO ACCIDENT ECOFRIENDLY

VISION & MISSION

Become a safe and reliable international oil and gas

company

Develop human and natural resources

Give contribution to community
Optimize the quality and performance of the
company

Company Values (Empowering Our Future)

Jovian oil company is an upstream oil and gas

company that covers exploration, exploitation and
sales of oil and gas products.We are committed to
resolving issues of exploration and exploitation
safely, quickly, appropriately, efficiently and
environmental friendly as well as an agent of world
progress for mutual prosperity
 TABLE OF CONTENTS
BAB I EXECUTIVE SUMMARY
BAB II GEOLOGICAL FINDINGS AND REVIEWS
BAB III RESERVOIR DESCRIPTIONS
BAB IV RESERVE & PRODUCTION FORECAST
BAB V DRILLING & COMPLETION
BAB VI PRODUCTION FACILITIES
BAB VII  FIELD DEVELOPMENT SCENARIO
BAB VIII  HEALTH SAFETY AND ENVIRONMENT
(HSE) & CORPORATE SOCIAL RESPONSIBILITY
(CSR)
BAB IX  ABANDONMENT & SITE RESTORATION
PLAN
BAB X PROJECT SCHEDULE & ORGANIZATION
BAB XI LOCAL CONTENT
BAB XII  ECONOMICS & COMMERCIAL
BAB XIII  CONCLUSION

JOVIAN OIL COMPANY 

EXECUTIVE SUMMARY

CANOPUS FILED CONSISTS OF 5

EXPLORATION WELLS AND 1 APPRAISAL
WELL.
THE FIELD IS POTENTIAL WITH OIL AND
GAS, WITH OIL FLOWING FROM WELL A,
WELL C, WELL F.
THE RESERVOIR IS CATEGORIZED AS
BLACK OIL RESERVOIR, FROM FRIGG
FORMATION.
THE OOIP IS 337 MMSTB.
THE MOST ECONOMIC SCENARIO IS 2ND
SCENARIO WITH IRR 52%, NET
 CONTRACTOR 286 MMUSD, NPV 10% 147
MMUSD.
GEOLOGICAL FINDINGS AND REVIEWS 
RESERVOIR DESCRIPTIONS
Canopus Field is an offshore

field located on the northern

ocean. the reservoir of interest is

the reservoir in the frigg

formation with the lithology of

sandstone. this reservoir has a

pressure of 2585 psia and

temprature of 142,552

fahrenheit. 

the fluid type of reservoir is black

oil with a drive mehanism in the

form of gas cap drive 

 FLUID CONTACT

IN THE CANOPUS FIELD, A COMBINATION OF PETROPHYSICAL INTERPRETATION

DATA, RFT DATA ON WELL F WHICH ALREADY HAS GOC AND FWL AND ALSO
PRODUCTION FLOW TEST DATA ON DST NO.2 ON WELL C WHICH STATES AT 1726
MTVDSS - 1736.5 MTVDSS CAN DRAIN OIL AND GAS.THESE DATA SHOW THAT THE
GOC LIMIT IS AT A DEPTH OF 1373 MTVDSS AND OWC AT 1756 MTVDSS AND FWL
AT 1758 MTVDSS.

IPFEST2018  | 23 FEBRUARY 2018

RESERVE & PRODUCTION

FORECAST

Conserving and restoring

natural resources
 DECLINE GRAPHIC 

FORECAST AND PRODUCTION

C A N O P U S F I E L D
Drilling
Target
Casing Program
Mud program
Drilling Time 
Drilling Time 
 PRODUCTION
FACILITIES
Oil will be drained from reservoir, streamed to platform to

the process facilities. The production system begins at the

wellhead, the size of the opening in the choke determines

the flow rate.

Next step is to separate the well stream into three

components, typically called “phases” (oil, gas, and water),

and process these phases into some marketable product(s)

or dispose of them in an environmentally acceptable

manner. In mechanical devices called “separators,” gas is

flashed from the liquids and “free water” is separated from

the oil.

Compression is typically done by engine-driven

reciprocating compressors.

The water that is produced with crude oil can be disposed

of overboard in most offshore areas, Water treating can be

done in horizontal or vertical skimmer vessels, which look

very much like separators. Then oil treated in wash tank,

stored in storage tank, then transported to sales point

through oil piping.

J O V I A N O I L C O M P A N Y
JOVIAN OIL COMPANY

FIELD DEVELOPMENT SCENARIO

1st Scenario is to 3rd Scenario is to develop

develop well A, C, 2nd Scenario is Well A,C,F,G,H,I,J with 2
F. to develop Well platform.
A, C, F, G, H, I, J.
 HEALTH SAFETY AND ENVIRONMENT (HSE) &
CORPORATE SOCIAL RESPONSIBILITY (CSR)

ECO-FRIENDLY
SAFETY

COMMITMENT
HSE IS PRIORITY
MINIMIZING RISK AND HAZARD TO PREVENT
ACCIDENT
CREATING HARMONIZATION WITH STAKEHOLDERS
 TO BUILD A GOOD RELATIONSHIP AMONG US
INCREASE AWARENESS IN ORDER TO CARRY OUT THE
WORK SAFELY
 ENVIRONMENTAL
IMPACT ANALYSIS

An environmental impact analysis is typically conducted to

assess the potential impact a proposed development project
will have on the natural and social environment. This may
include an assessment of both the short- and long-term effects
on the physical environment, such as air, water and/or noise
pollution; as well as effects on local services, living and health
standards, and aesthetics.
 23.02.18

Waste Management

JOVIAN OIL COMPANY  IPFEST2018

 23•02•18

Regulation

JOVIAN OIL COMPANY IPFEST2018

 Increase access to energy
Invest in local management
Investing in education by giving donation and reparation for local school and collage
Giving g vocational training and information and communications technology,
technical, engineering and scientific programs
Reduce the number of deaths and illnesses from hazardous chemicals and air, water

CSR
and soil pollution and contamination.
Protect community against endemic disease
Ensure availability and sustainable management of water and sanitation for all
Upgrade infrastructure and technology to make them sustainable
Giving donation and support in order to reducing environmental impacts 

JOVIAN OIL COMPANY  IPFEST2018

IPFEST2018

ABANDONMENT & SITE

RESTORATION PLAN
PLUGGING PROCEDURE

The well will be shutted in after

the well can not produce
hydrocarbon economically by
plugging. The steps are:
Perforation Interval Plugging
Casing Plugging
Annulus Plugging
Surface Plugging
Plug Test
Fluid Left in Place
Site Restoration
 PROJECT SCHEDULE
& ORGANIZATION
Canopus field development will

be started on early 2018 and

stopped on the end of 2033.

The activities include:

POD Submission

POD Approval

Environment Permission

Drilling and Completion

Workover

Production Facilities
CREATIVE WRITING 101
Onstream
JOVIAN OIL COMPANY • IPFEST2018
 copany
il
jovian o

LOCAL
CONTENT
The use of domestic product
Goods – 30%
Services -30%
EPC (Engineering Procurement
Construction Installation) – 40%

POD• IPFEST2018
 PSC GROSS SPLIT
POD IPFEST2018
 CONCLUSION
Reservoir has a pressure of 2585 psia with a reservoir temperature of 142oF and has a type of fluid Black Oil with the
mechanism of the form of Gas Cap Drive.

The addition of 7 wells is sufficient to develop the Canopus field economically with 1 platform.

The production rate of wells in the Canopus field varies with net pay. In the existing well the production capacity of C
well is 4747 STB / day, A well is 631 STB / day, and well F is 2174 STB / day

Production rates of existing wells and infill wells have been optimized by lowering Pwf to increase pressure gradient
and increase production rate. Recovery Factor from selected scenario, scenario 2 is 10.9%

The addition of 7 wells is considered sufficient to develop the Canopus field economically with 1 platform
On the Canopus field, there are no plans to add production facilities or other activities that are endeavored to extend oil
wells. Because at the next stage will be planned development of gas field.

Scenario 2 is a selected scenario from 4 scenarios that exist with consideration of data accuracy and high confidence in
the success of 4 infill wells. At a later stage of development where better data are available, consideration will be given
to adding infill wells and conversion of oil reservoirs to gas reservoirs.

Some safety rules that must be maintained include hygiene and regularity, the presence of personal protective
equipment, good handling of chemicals, fire, and keep from noise
Environmental impacts arising from exploration and exploitation activities are liquid, solid, and gaseous waste
Need to hold ASR at the end of closing of activities to return it to its original condition
Scenario 2 gives the best result with the value of NPV 10%, 147 MMUSD, IRR 52% and pay out time 3 years.
Price indicator has high sensitivity compared to others.