Analysis of delay factors on drilling projects on PT China Oilfields Services Limited

Abstract

Abstract In carrying out drilling projects at PT China Oilfields Services Limited ( COSL) Indo, especially Project 1 to Project 4, there were a mismatch between the initial plan of the project and the actualisation in the field because there were inhibiting factors in implementing the project. The purpose of the research was to look the factors that caused for the additional time in well drilling project at PT. COSL Indo, to build a relationship model of these factors, and formulate a strategy for the company to be able to overcome the occurrence of additional time in the future project. Data analysis was conducted by using a factor analysis method and the location of the research was carried out in just one company with 102 valid respondents. The results of the research indicate that there are four factors that influence the time gap, namely Project Management Activities, Risk Analysis and Procurement, Manage Stairs, and Project Planning Development. By knowing the causes of the delay, companies can find the best solutions for future learning and the impact on environmental, social and economic problems can also be anticipated so that sustainable development occurs in the context of petroleum management.