MAXIMIZING COMPANY’S REVENUE THROUGH OPTIMIZATION OF GAS SALES AT PT. PERTAMINA EP

• Main Author: Preharsa, Data
• Format: Theses
• Language: Indonesia
• Subjects: Karya Umum
• Online Access: https://digilib.itb.ac.id/gdl/view/49236
• Institution: Institut Teknologi Bandung

Pertamina EP is a subsidiary of Pertamina (Persero) for upstream oil and gas activities. As an oil and gas contractor under the supervision of SKK Migas, Pertamina EP carries out exploration, exploitation and oil and gas monetization activities. In the last five years, data shows that nett profit tends to decrease. Furthermore, the exploitation activities of the company are more for oil fields compared to gas whereas when viewed from company revenue, gas revenues are only slightly different from oil revenues. At present Pertamina EP has several gas structures with proven status but have not yet monetized, namely: MRP, SGT, SGU, HGE, PJD & BMH, SWI, CBU and BTA. Then the focus of the study was narrowed only to structures in Region II, namely MRP, SGT, SGU, HGE, PJD and BMH related to the gas deficit that was predicted to occur in Region II. The purpose of this study is to find out how the company's position in the gas industry in Indonesia and calculate the economics of the five structures mentioned. The study was conducted by analyzing external and internal factors that can affect companies using the Porter's Five Forces method for external analysis, and the VRIO method for internal analysis. The results of internal and external analysis are then combined using the SWOT and Diamond Strategy methods. Economic calculations with three scenarios are carried out by considering economic indicators such as cash flow, NPV, IRR and NPV sensitivity. Calculation results show that all scenarios give an indication that the gas production can provide more value for Pertamina EP.