EVALUASI DAN ANALISIS BIAYA SATUAN DAN KEEKONOMIAN LAPANGAN PAGERUNGAN

• Main Author: Muzaffar, Yunan
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/5186
• Institution: Institut Teknologi Bandung

<b>Abstract:<p align=\"justify\"> <br /> Natural gas with its abundant reserves has a significant potential to be developed as alternative energy resource that can replace fuel for domestic consumption.<p align=\"justify\"> <br /> The research aims to calculate the production cost of natural gas based on present value per unit (MCF), to analyze the marginal cost curve as well as the difference between the economics of Plan of Development (POD) and realized field activities at Pagerungan, block Kangean, onshore and offshore of East Java. The marginal cost curve is used to analyze the production cost of natural gas, which is obtained by dividing the additional cost with additional production volume. The economics of POD and realized activity is calculated based on the Production Sharing Contract (PSC) between Pertamina and Contractor.<p align=\"justify\"> <br /> The resulting marginal cost curve shows that there is a sharp decrease from USD 1.43/MCF to USD 0.74/MCF, which then increases to USD 0.93/MCF and subsequently decreases to USD 0.14/MCF and rises again to USD 0.81/MCF to achieve accumulative gas production of 1.34 trillion cubic feet. The changes in investment cause the rise and decline in the marginal cost curve. The last incline in the curve shows that production has reached its economic limit. The difference in economics of POD and realized activity focused on the increase in investment value from USD 515.2 million to USD 561.836 million, in particular the increase in drilling exploration cost from USD 41.2 million (4 wells) to 122.4 million (20 wells). The latter has decreased the government revenue by USD 70.551 million and increased cost recovery USD 98.635 million. Beside increase in investment value, the economics is also affected by decrease in gas production from 1.42 TCF to 1.34 TCF.<p align=\"justify\"> <br /> Thus the role of the government and Pertamina in monitoring contractor\'s management operational activities is crucial to minimize the recovery cost and therefore increase the government revenue.