PLAN OF DEVELOPMENT STUDIES OF X AND Y FIELDS

• Main Author: AFRIZON (NIM : 22210049), DEVIQ
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/20014
• Institution: Institut Teknologi Bandung

Oil and gas is still a very important role in supporting development in Indonesia and also stimulus that indicated by contributing an average of approximately 20.7 % of total revenues for the State or 272 trillion rupiah. Exploration progress face the fact that the new reserves discoveries relatively slower and quite difficult because of the exploration target are faced with infrastructure and geographical (frontier areas). Related to this, sometimes necessary to make good terms and conditions either to be able to attract investments. <br /> <br /> <br /> This study aimed to examine a field by using the data and assumptions used as cumulative production, capital and operating costs, oil and gas prices and escalation as well as part of the Government Take and the Contractor Share (split) that economic data is taken from Field X and Y as input. The output obtained is some economic indicators such as Net Present Value (NPV), Internal Rate of Return (IRR), Pay Out Time (POT) and Profitability Index (PI) as well as the Government Section. From results of studies, field X and Y obtained for the estimation initial gas in place of 149.7 BSCF and initial oil in place of 42.76 MMSTBO. By using multiple scenarios and the best available estimates for gas reserves are proven by 103.60 BSCF with the impurity content in the form of CO2, Nitrogen etc. with an average of 8.8 %, the cumulative net gas by 94.48 BSCF and oil reserves are proven by 6.19 MMSTBO. Based on the assumption of petroleum 90 US$/bbl and 6 US$/mcf with escalation of 3 % and discount rate of 10 % is obtained IRR of 14.71 % of net revenue distribution Contractor Share of 185.228 MUS$ (14.85%) and Cost Recovery for 534.758 MUSS$ (42.86 %) and Total Government Take of 527.604 MUS$ (42.29 %). <br /> <br /> <br /> The evaluation of the results obtained by using some of these scenarios can be increased state revenues exceed 40 % and the government is expected to set policy for the development of the next field so as not to adverse State.