Si Bolang Team Wins 2nd Runner-Up at IPFEST 2025 Business Case Competition

By Rayhan Adri Fulvian - Mahasiswa Teknik Geofisika, 2021

Editor M. Naufal Hafizh, S.S.

Si Bolang Team wins second Runner-Up at IPFEST 2025 Business Case Competition, Saturday (February 22nd, 2025). (Doc. Si Bolang Team)
BANDUNG, itb.ac.id – Si Bolang Team, which consists of three Petroleum Engineering Study Program students, namely Angelica Ayu Kuncoro, Nazwa Avisya Syasikirana, and Revino Raditya Rama, secured the second Runner-Up position at the IPFEST 2025 Business Case Competition. Organized by Institut Teknologi Bandung (ITB), the competition challenged participants to conduct economic valuations, develop commercialization strategies for the oil and gas industry, and design economically viable decarbonization efforts.

This year’s competition carried the theme “Enhancing the Role of Petroleum Engineering in Sustainable Energy Transition” with the sub-theme “Unlocking the Full Potential of Business Strategies: Optimizing Natural Gas Utilization in Indonesia’s Journey Through the Energy Transition”.

After passing a series of rigorous selection stages, the winners were announced on Saturday (February 22nd, 2025). The Si Bolang Team showed exceptional performance with sharp business strategy analysis, as well as innovative yet realistic decarbonization solutions. “Participating in the Business Case Competition was an incredibly valuable and challenging experience. I gained many new insights into strategically analyzing business problems and developing innovative solutions,” said Nazwa.

Meticulous preparation was the key to the team’s success. They effectively divided roles, conducted detailed research on oil and gas economics in Indonesia, and studied relevant regulations. Furthermore, they engaged in discussions with mentors, both experienced seniors in the industry and faculty advisors, to ensure their proposed solution was both theoretically feasible and practically applicable.

The Si Bolang Team advanced to the final round alongside nine other finalists. (Doc. IPFEST)

However, the team’s journey is without hurdles. One of the biggest challenges they faced was time management amidst their intense academic workload. Additionally, the competition was also highly competitive, featuring the best teams from various universities with a background in energy and business. “The Q&A session during the business was quite intense, as the judges, who are experts in the oil and gas industry, asked complicated questions covering upstream to downstream business operations,” Revino explained.

For the Si Bolang Team, the competition was not just about winning, but also a valuable learning process. They not only honed their skills in energy business analysis but also gained a deeper understanding of how proposed solutions should reflect a balance between profitability and sustainability.

As Lisa said, “Joining this competition is not just about the ‘outcome’, we gained a lot of knowledge from the process itself. Such as developing strategic thinking for the energy industry and crafting solutions that are not only technically feasible but also sustainable and commercially valuable.”

This achievement serves as their motivation to continue developing and contributing to a more sustainable energy future. May this achievement inspire other students to embrace challenges and pursue continuous learning.

Reporter: Rayhan Adri Fulvian (Geophysical Engineering, 2021)
Translator: Senandung Shauma Bidadari (Management, 2026)

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