Perbandingan Keekonomian Pengembangan Lapangan Shale Gas Formasi Naintupo Berdasarkan Kontrak PSC Cost Recovery Dan PSC Gross Split

Alkhandi, M. Ridwan (2022) Perbandingan Keekonomian Pengembangan Lapangan Shale Gas Formasi Naintupo Berdasarkan Kontrak PSC Cost Recovery Dan PSC Gross Split. Other thesis, Universitas Islam Riau.

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Abstract

The lack of gas supply and the increasing demand for gas have made the government move to start finding new energy sources that are able to meet national gas needs. The discovery of unconventional energy sources such as shale gas and CBM is considered a major challenge for future energy sources. In 2016, 56% and 9% of unconventional gas production in the world was shale gas and CBM, respectively. One of the most important sources of energy in the United States is shale gas, which accounts for 30% of the United States' natural gas production. Indonesia has potential reserves of shale gas reaching 574 TCF spread across the islands of Sumatra, Kalimantan, Java and Papua. The Naintupo Formation located in the Tarakan Basin has reserves that can technically be generated of 5 TCF of 35 TCF of risked gas-in-place.The decline in contractor investment interest in a work area can be minimized by changes to the fiscal policy system. The high cost recovery charged to the government and the lack of efficiency in operating costs carried out by contractors in the PSC Cost Recovery contract system became the basis for the change. In 2017, a new scheme was introduced through the Minister of Energy and Mineral Resources Regulation Number 8 of 2017 with several changes regulated in the Minister of Energy and Mineral Resources Regulation Number 52 of 2017 concerning Gross Split Production Sharing Contracts. Therefore, the importance of conducting this research is to find out which contract schemes are suitable for development in the shale gas field in the Naintupo Formation, whether with PSC Cost Recovery or PSC Gross Split contract schemes. From the results of the analysis and economic calculations that have been carried out, it can be seen that the contract with the PSC Gross Split scheme is still more profitable than the contract with the PSC Cost Recovery scheme for the development of the shale gas field in the Naintupo Formation. Where the results obtained for PSC Cost Recovery with a value of NPV = 1443.35 MM US$, IRR = 21.63% and POT = 6.54 years. While the results for the Gross Split PSC are NPV = 1838.19 MM US$, IRR = 27.53% and POT = 6.66 years.

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