System Dynamics Modeling for Petroleum Exploitation Using the 'Drifting Goals' Standard Model

In an oil drilling area, there are two oil drilling companies that have obtained permits to drill. As time goes by, the availability of existing petroleum decreases. To anticipate natural resources the government only prioritizes one company. Competition occurs between the two of them to explore petroleum from the ground so that they can drill. The purpose of this study is to provide an overview, how to make a system dynamics model related to the problem of oil drilling as an increasingly limited natural resource, by taking the case of the relationship between drilling companies in facing business competition. The method used is system dynamics with a standard model of mutual difficulties (drifting goals). The result obtained is a system dynamics model that can be used to demonstrate the behavior of a simulated petroleum drilling model to get an overview or condition of the limitations of petroleum and future availability.