CV
Education & Experience
Education
MBA, Energy & Sustainability Track (Finance, Operations)
5/2026
Tepper School of Business, Carnegie Mellon University — Pittsburgh, PA
- Relevant coursework: Managerial & Global Economics, Optimization, Statistical Decision Making, Corporate Finance, Energy Finance, AI Methods for Data, Sustainable Finance, Probability & Statistics, Modern Data Management
- Teaching Assistant — Finance I (2025) and Managerial Economics (2026); Tutor — Probability & Statistics, Accounting, Operations (2025)
- Memberships: Graduate Finance Association, Adam Smith Society, Energy and Clean Tech
- Awards & Honors: LPDP (Indonesia Endowment Fund for Education) Scholar
B.S., Petroleum Engineering
6/2012
Institut Teknologi Bandung (ITB) — Bandung, Indonesia
- Honors: SPE Student Paper Contest Finalist ("Optimization of Net Present Value Using Managed Water Loop Algorithm"); National Doctoral Forum Presenter
- Thesis published in the ITB Digital Library and presented at the SPE Forum, Beijing, 2012
- Memberships: Petroleum Engineers Student Association, Society of Petroleum Engineers
Research Experience
What Does a Green Hydrogen Mandate Cost? Evidence from the Intermountain Power Project
2026
Independent Researcher
- Built a techno-economic optimization model comparing grid-sourced, dedicated-renewable, and partial-mandate hydrogen production at the Intermountain Power Project, using two years of hourly CAISO SP-15 price data, site-calibrated solar and wind generation, and hourly grid carbon intensity, validated against the project's own disclosed financials.
- Quantified the cost premium of a renewable-only supply mandate relative to grid-sourced supply, decomposed that premium into its underlying drivers (energy cost, asset utilization, and storage) to identify which lever matters most for cost reduction, and converted the finding into an implied carbon-abatement cost to benchmark the mandate against conventional carbon-pricing policy.
- Working paper posted on SSRN (DOI: 10.2139/ssrn.7428658); submitted to the International Journal of Hydrogen Energy, currently under peer review. Described further on the Research page.
Levelized Cost of Storage (LCOS) Model for Zinc-Bromide vs. LFP Batteries
2025
Carnegie Mellon University — Tepper School of Business · Capstone Project
- Validated technical and economic parameters (round-trip efficiency, depth of discharge, degradation, augmentation, OPEX) using industry and second-life data.
- Developed a dynamic LCOS valuation model to compare zinc-bromide and lithium-ion (LFP) storage technologies.
- Linked technical performance to financial outcomes, supporting commercialization and investor-readiness analysis.
Gas Lift Conversion and Gas Flare Utilization Study
2021
Pertamina Hulu Energi OSES · Internal study
- Conducted a technical-economic assessment of converting electrical submersible pumps to gas lift and reusing flare gas. The NPV-based analysis found the proposed pilot would be value-destructive under then-current costs, avoiding a negative-NPV capital commitment; facility and compressor designs were separately applied to the company's flare-gas reduction program.
Iron Removal Agent for Polymer Flooding (Widuri Field)
2015
CNOOC SES Ltd. & Starborn Chemical Company
- Evaluated chemical treatments to maintain polymer viscosity during enhanced oil recovery, identifying an effective additive combination (150 ppm S-9119, 100 ppm S-9363) to stabilize polymer injection.
- Published case study — Indonesian Petroleum Association
Optimization of Net Present Value Using Managed Water Loop Algorithm
2012
Institut Teknologi Bandung
- Created simulation-based algorithms to manage downhole water flow and improve oil recovery efficiency, evaluating economic impact via NPV comparison between conventional and downhole water loop wells, showing higher profitability under reservoir-pressure conservation conditions.
- Finalist, SPE Student Paper Contest; presented at the National Doctoral Forum, Beijing.
Professional Experience
Artificial Lift Senior Supervisor — Production Optimization Engineer
9/2018 – 7/2024
Pertamina Hulu Energi OSES — Jakarta, Indonesia
- Performed DCF, NPV, and IRR investment analyses for multi-million-dollar well programs, including a $30 million development-drilling campaign.
- Led the artificial-lift conversion study (ESP to gas lift with flare-gas reuse), directing a cross-disciplinary team spanning reservoir, production, mechanical, and electrical engineering through an NPV-based investment case; the analysis found a proposed ~$15 million pilot would be value-destructive, avoiding a negative-NPV capital commitment.
- Applied data analytics and statistical monitoring (SCADA, Oracle, PowerBI) to evaluate 130 wells and reduce downtime across a portfolio of 165 active wells ($85 million annual budget).
- Coordinated multi-disciplinary teams (3 operator groups, 12 staff) in planning, logistics, and budget control for field-wide operations and maintenance programs.
- Served on the Exploration Well Artificial-Lift Contract Team ($1.5 million value), reviewing supplier proposals and ensuring technical and economic alignment with field plans.
- Mentored junior engineers and student trainees on production analysis and cost modeling.
Production / Petroleum Engineer
10/2012 – 9/2018
CNOOC SES Ltd. — Jakarta, Indonesia
- Served as acting Petroleum Engineer Specialist within the Management Development Program, contributing to long-term planning, project valuation, and economic performance reviews.
- Monitored 300 wells across 19 offshore platforms ($115 million operations) using SCADA and PowerBI dashboards to inform budget allocation and production targets.
- Managed well-work programs valued at $0.5–2 million, overseeing budget forecasting, vendor coordination, and schedule compliance.
- Led a $9 million pilot enhanced oil recovery (EOR) project, combining simulation and field testing to assess recovery improvement and economic feasibility.
- Analyzed operations of a 90 MW field power system, identifying maintenance and fuel-cost reduction options through process-efficiency modeling.
Skills & Certifications
- Quantitative & Economic Analysis
- Cost–benefit analysis, NPV/DCF/IRR modeling, optimization, regression & sensitivity analysis, policy evaluation methods
- Data & Computing
- Python (NumPy, pandas, matplotlib), PowerBI, Microsoft Excel (advanced financial modeling), SQL (data queries)
- Energy & Sustainability Systems
- Energy transition economics, hydrogen and storage modeling, LCOS and LCOH evaluation, electricity-market modeling, project finance
- Research & Communication
- Technical writing, data visualization, teaching assistance (Finance I, Managerial Economics, Statistics), public presentation
- Certifications
- Financial Statement, DCF & LBO Modeling — Wall Street Prep · Microeconomics: The Power of Markets & When Markets Fail — University of Pennsylvania · Mathematics for Machine Learning — Imperial College London · Data Analytics & Visualization — Google · Human Resource Management and Leadership — Macquarie University
Interests & Affiliations
- Academic & Professional
- Society of Petroleum Engineers (SPE), Graduate Finance Association (CMU Tepper), Adam Smith Society (CMU), Energy and Clean Tech (CMU)
- Research Interests
- Energy transition economics, grid resilience, sustainable infrastructure finance, AI in energy systems, industrial decarbonization policy
- Personal Interests
- Hiking, renewable project site visits, strategic board games, mentorship and education outreach, pro bono consulting
Contact
- Email mochamadluthfan@gmail.com
- LinkedIn linkedin.com/in/mochamad-luthfan
- ORCID 0009-0005-0593-3939
- Location Jakarta, Indonesia