FORMULA BARU PENENTUAN INDONESIAN CRUDE PRICE (ICP)

Indonesia is one of the oil producing countries. In the management of petroleum, Indonesia adopts a Production Sharing Contract (PSC). In the production sharing system, in addition to the proceeds of oil production, the government should recover the costs incurred by the contractor for the oil and g...

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Main Author: Wildan Alfian, Mohammad
Format: Final Project
Language:Indonesia
Subjects:
Online Access:https://digilib.itb.ac.id/gdl/view/64086
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Institution: Institut Teknologi Bandung
Language: Indonesia
id id-itb.:64086
spelling id-itb.:640862022-03-28T15:45:43ZFORMULA BARU PENENTUAN INDONESIAN CRUDE PRICE (ICP) Wildan Alfian, Mohammad Pertambangan dan operasi berkaitan Indonesia Final Project PSC, ICP, Platts, RIM, Argus, sensitivity, state revenue. INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/64086 Indonesia is one of the oil producing countries. In the management of petroleum, Indonesia adopts a Production Sharing Contract (PSC). In the production sharing system, in addition to the proceeds of oil production, the government should recover the costs incurred by the contractor for the oil and gas operations (cost recovery) in the form of oil. Therefore, the determination of the Indonesian Crude Price (ICP) is very important to obtain optimum oil revenue for the government. Oil pricing method used today is market-related pricing model. This model uses the reference price (benchmark) of certain crude oil. In Indonesia there are 8 major types of crude oil in the international market, published and used as a benchmark in determining the value of ICP. In the determination of the new ICP formula, only 4 Indonesian crude oil will be used as a benchmark: Attaka (light), SLC/Minas (medium), Duri (heavy), and Senipah (condensate). The selection of 4 types of oil is based on the quality and amount of daily production. International publications used in Indonesia is Platts and RIM. In 2010 - 2012, Argus provides a fairly good assessment of Indonesia's crude oil. Through this thesis, the author proposed a new formula in determining the value of ICP by considering the publication of the Argus. The method used for this study is to test the sensitivity of the weight of each publication in order to obtain the maximum state revenue. text
institution Institut Teknologi Bandung
building Institut Teknologi Bandung Library
continent Asia
country Indonesia
Indonesia
content_provider Institut Teknologi Bandung
collection Digital ITB
language Indonesia
topic Pertambangan dan operasi berkaitan
spellingShingle Pertambangan dan operasi berkaitan
Wildan Alfian, Mohammad
FORMULA BARU PENENTUAN INDONESIAN CRUDE PRICE (ICP)
description Indonesia is one of the oil producing countries. In the management of petroleum, Indonesia adopts a Production Sharing Contract (PSC). In the production sharing system, in addition to the proceeds of oil production, the government should recover the costs incurred by the contractor for the oil and gas operations (cost recovery) in the form of oil. Therefore, the determination of the Indonesian Crude Price (ICP) is very important to obtain optimum oil revenue for the government. Oil pricing method used today is market-related pricing model. This model uses the reference price (benchmark) of certain crude oil. In Indonesia there are 8 major types of crude oil in the international market, published and used as a benchmark in determining the value of ICP. In the determination of the new ICP formula, only 4 Indonesian crude oil will be used as a benchmark: Attaka (light), SLC/Minas (medium), Duri (heavy), and Senipah (condensate). The selection of 4 types of oil is based on the quality and amount of daily production. International publications used in Indonesia is Platts and RIM. In 2010 - 2012, Argus provides a fairly good assessment of Indonesia's crude oil. Through this thesis, the author proposed a new formula in determining the value of ICP by considering the publication of the Argus. The method used for this study is to test the sensitivity of the weight of each publication in order to obtain the maximum state revenue.
format Final Project
author Wildan Alfian, Mohammad
author_facet Wildan Alfian, Mohammad
author_sort Wildan Alfian, Mohammad
title FORMULA BARU PENENTUAN INDONESIAN CRUDE PRICE (ICP)
title_short FORMULA BARU PENENTUAN INDONESIAN CRUDE PRICE (ICP)
title_full FORMULA BARU PENENTUAN INDONESIAN CRUDE PRICE (ICP)
title_fullStr FORMULA BARU PENENTUAN INDONESIAN CRUDE PRICE (ICP)
title_full_unstemmed FORMULA BARU PENENTUAN INDONESIAN CRUDE PRICE (ICP)
title_sort formula baru penentuan indonesian crude price (icp)
url https://digilib.itb.ac.id/gdl/view/64086
_version_ 1822004467105529856