Archive | 2019
The Evaluation of Crude Oil Production Based on Gross Profit Worth (GPW), Margin, Blending Process and Collaboration Supply Chain
Abstract
The Middle East is a producer of crude oil which is mostly distributed on the Asian continent. Based on data from Bp Statistical Review Of World Energy 2018, Indonesia s energy consumption increased by 5.0%, which was 175.2 Million tons, which was the biggest increase in the last five years. The biggest energy consumption is in the area of Java and its surroundings. PT. Pertamina Refinery Unit (RU) IV Cilacap processes domestic crude oil and crude oil imports as raw materials. The processing of crude oil is influenced by Gross Profit Worth (GPW) in the crude produced. GPW on Agami -7.66 import crude in January and -6.45 in February. The margin obtained was 1,046.04 in January. Meanwhile, based on the relatively expensive oil price, the Blending process is carried out in increasing the Octane Number (ON) and looking for alternative crude instead of imported crude. In the reality of distribution there are the Excess Laytime phenomenons which requires companies to pay rent penalties that is called Demurrage. Some of the above factors have made it necessary to have improved innovations in terms of supply chains and alternative energy from the use of imported crude oil.