Input

Oil Price 55 MUS$/Mbbl

FTP 10%
Govt. Tax 41%
Govt. Share (after tax) 60%
Govt. Share (before tax) 33%
DMO Volume 25%
DMO fee 25%
Contr. Share (after tax) 40%
Contr. Share (before tax) 67%

Asumsi
OPEX 5 MUS$/Mbbl
Depreciation Declining Balance, F = 20%
DMO Holiday 60 months after first oil production
Discount Rate 10%

Biaya
Pemboran Infill 50000 MUS$/well
Workover 10000 MUS$/well
Penutupan Sumur 1000 MUS$/well

Investasi Awal
Manajemen Proyek 50,000 MUS$
AMDAL, FEED, Inspeksi pihak 500 MUS$

Production Gr. Revenue After

Year Cumulative/year, Gross Revenue, MUS$ FTP, MUS$
Mbbl FTP, MUS$
Depreciation

0 - - - - -
1 36500 2,007,500.00 200,750.00 1,806,750.00 139,280.00
2 18250 1,003,750.00 100,375.00 903,375.00 111,424.00
3 9125 501,875.00 50,187.50 451,687.50 89,139.20
4 3650 200,750.00 20,075.00 180,675.00 91,311.36
5 1825 100,375.00 10,037.50 90,337.50 305,245.44
6 730 40,150.00 4,015.00 36,135.00 16,000.00
7 365 20,075.00 2,007.50 18,067.50 12,800.00
8 182.5 10,037.50 1,003.75 9,033.75 10,240.00
9 0 - - - 34,406.40
10 0 - - - 6,553.60
11 0 - - - -
12 0 - - - -
13 0 - - - -
14 0 - - - -
15 0 - - - -
16 0 - - - -
17 0 - - - -
18 0 - - - -
19 0 - - - -
20 0 - - - -
21 0 - - - -
22 0 - - - -
23 0 - - - -
24 0 - - - -
25 0 - - - -
26 0 - - - -
27 0 - - - -
28 0 - - - -
29 0 - - - -
30 0 - - - -
31 0 - - - -
32 0 - - - -
33 0 - - - -
34 0 - - - -
35 0 - - - -

Economics Evaluation Result Check

IRR 35% Revenue
POT 1.5911290188 years CF Gov
Total CAPEX 990,500.00 MUSS CF Cont
Total Oil Production 70,627.50 Mbbl Total Cost
Gross Revenue 3,884,512.50 MUS$ SUM
CNPV Contr 355,197.61
CNPV Govt 1,534,653.54
Indikator Keekonomian
1. Pemerintah
GOI (Government Income) dalam PV
Prosentase pendapatan pemerintah terhadap gross revenue
2. Kontraktor
Net Cashflow, NCF/Gross Revenue

Cost Recovery (CR), CR/Gross Revenue

IRR
NPV
POT

20% Capital 80% Non

15% Capital 85% Non

Cost Recovery, MUS$

Investment
Infill WO Surface Facilities Abandonment
100,000.00 800,000.00 -
- - - -
- - - -
- - - -
- - 100,000.00 -
100,000.00 - - -
- - -
- - -
- - -
- - -
- - -
- - -
 - - -
- - -
- - -
- - -
- - -
- - -
- - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

Check
3,884,512.50
585,693.30
1,793,981.70
1,504,837.50
3,884,512.50 MATCH
 Surface Facilities
Separator 100,000 MUSD
Tanker 500,000 MUSD
Pipeline 200,000 MUSD
TOTAL 800,000 MUSD

Diisinya di tabel dibawah, infill total pada tahun itu,

workover total pada tahun itu, serta surface facilities
total. Jika ingin menambah di tahun selanjutnya,
dilihat lagi saat ngerun schedulenya juga bagaimana

Cost Recovery, MUS$

OPEX Fixed Cost TOTAL Recovered

Capital Non-Capital
870,500.00 80,000.00 80,000.00 -
- - 182,500.00 150.00 321,930.00 321,930.00
- - 91,250.00 150.00 202,824.00 202,824.00
- - 45,625.00 150.00 134,914.20 134,914.20
100,000.00 - 18,250.00 150.00 109,711.36 109,711.36
20,000.00 80,000.00 9,125.00 150.00 394,520.44 90,337.50
- - 3,650.00 150.00 19,800.00 19,800.00
- - 1,825.00 150.00 14,775.00 14,775.00
- - 912.50 150.00 11,302.50 9,033.75
- - - - 34,406.40 -
- - - - 6,553.60 -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
 Contractor, MUS$
Equity To be Split,
MUS$
Unrecovered FTP Equity DMO, Mbbl

80,000.00 - - -
- 1,484,820.00 134,957.98 998,198.32 -
- 700,551.00 67,478.99 470,958.66 -
- 316,773.30 33,739.50 212,956.84 -
- 70,963.64 13,495.80 47,706.65 -
304,182.94 - 6,747.90 - -
- 16,335.00 2,699.16 10,981.51 122.69
- 3,292.50 1,349.58 2,213.45 61.34
2,268.75 - 674.79 - 30.67
34,406.40 - - - -
6,553.60 - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Contractor, MUS$ Contractor Cash Flow

DMO Fee DMO Net Total Contractor Cash In Cash Out

- - 950,500.00
- - 1,455,086.30 1,455,086.30 641,578.30
- - 741,261.65 741,261.65 309,467.25
- - 381,610.54 381,610.54 145,687.02
- - 170,913.81 170,913.81 143,186.99
- - 97,085.40 97,085.40 112,007.90
1,686.97 5,060.92 28,419.75 28,419.75 7,291.00
843.49 2,530.46 15,807.56 15,807.56 2,393.19
421.74 1,265.23 8,443.31 8,443.31 823.37
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
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- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
 Contractor Cash Flow, MUS$

Net Cash Flow Cum CF NPV CNPV FTP Equity

(950,500.00) (950,500.00) (950,500.00) (950,500.00) - -

813,508.00 (136,992.00) 739,552.73 (210,947.27) 65,792.02 486,621.68
431,794.40 294,802.40 356,854.88 145,907.60 32,896.01 229,592.34
235,923.52 530,725.92 177,252.83 323,160.44 16,448.00 103,816.46
27,726.82 558,452.74 18,937.79 342,098.22 6,579.20 23,256.99
(14,922.50) 543,530.24 (9,265.70) 332,832.53 3,289.60 -
21,128.75 564,658.99 11,926.63 344,759.15 1,315.84 5,353.49
13,414.38 578,073.36 6,883.70 351,642.85 657.92 1,079.05
7,619.94 585,693.30 3,554.76 355,197.61 328.96 -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
- 585,693.30 - 355,197.61 - -
 Government, MUS$

Tax Total Govt Cum. Total Govt NPV CNPV

- - - 0 0
458,928.30 1,011,342.00 1,011,342.00 919401.8 919401.8181818
218,067.25 480,555.60 1,491,897.60 397153.4 1316555.206612
99,912.02 220,176.48 1,712,074.08 165421.8 1481977.054846
24,786.99 54,623.18 1,766,697.26 37308.37 1519285.424493
2,732.90 6,022.50 1,772,719.76 3739.499 1523024.923161
3,491.00 15,221.25 1,787,941.01 8591.999 1531616.921969
418.19 4,685.63 1,792,626.64 2404.467 1534021.388477
(239.13) 1,355.06 1,793,981.70 632.1467 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
- - 1,793,981.70 0 1534653.535133
 0 0 0
1.591129 1.591129 1.591129
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
0 1.591129 0
 Year Capital - 1 2 3 4
0 870,500 $174,100.00
1 - $139,280.00 $0.00
2 - $111,424.00 $0.00 $0.00
3 - $89,139.20 $0.00 $0.00 $0.00
4 100,000 $71,311.36 $0.00 $0.00 $0.00 $20,000.00
5 20,000 285,245.44 $0.00 $0.00 $0.00 $16,000.00
6 - - - $0.00 $0.00 $12,800.00
7 - - $0.00 $10,240.00
8 - - $8,192.00
DEPRECIATION

9 - 32,768.00
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
 5 6 7 8 9 10 11 12 13

$4,000.00
$3,200.00 $0.00
$2,560.00 $0.00 $0.00
$2,048.00 $0.00 $0.00 $0.00
$1,638.40 $0.00 $0.00 $0.00 $0.00
6,553.60 $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00
- $0.00 $0.00
- $0.00
-
 14 15 16 17 18 19 20 21 22 23

$0.00
$0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00
- $0.00 $0.00
- $0.00
-
 24 25 26 27 28 29 30 31 32 33

$0.00
$0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00 $0.00
- $0.00 $0.00 $0.00
 34 35 TOTAL

139,280
111,424
89,139
91,311
305,245
16,000
12,800
10,240
34,406
6,554
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$0.00 -
$0.00 $0.00 -
 2,000,000.00

1,500,000.00

1,000,000.00
Cont. CF/GOI, MUS$

500,000.00

Cont. Cashflow
GOI
Cum. Contr. Cashflow
-
0 2 4 6 8 Cum. GOI Take
10 12 14 16 18 20 22 24 26 28 30 32 34

(500,000.00)

(1,000,000.00)

(1,500,000.00)

years
 Sensitivitas NPV Contractor
NPV Contractor, MUSD
% sensitivit Oil Price Investment Operating Cost
0.8 94.07 2,581 2,280 Sensitivitas NPV Contractor
1 2,080.66 2,080.66 2,080.66
1.2 4,029 1,581 1,881 Oil Price Investment Operating
4500
Sensitivitas NPV Goverment 4000
NPV Goverment, MUSD 3500

NPV Contractor, MUSD

Oil Price Investment Operating Cost 3000
0.8 7,506 10,000 10,222 2500
1 10,000 10,000 10,000 2000
1.2 12,531 10,000 9,777 1500
1000
Sensitivitas ROR 500
ROR, fraction 0
Oil Price Investment Operating Cost 0.8 0.85 0.9 0.95 1 1.05 1.1 1
0.8 0.14 0.48 0.35 % sensitivitas terhadap
1 0.34 0.34 0.34
1.2 0.48 0.23 0.32

POT 2.1493236017
tivitas NPV Contractor Sensitivitas NPV Goverment Sensitiv
e Investment Operating Cost Oil Price Investment Operating Cost Oil Price Inve
14000 0.6
12000 0.5

NPV Goverment, MUSD

10000
0.4

ROR, fraction
8000
0.3
6000
0.2
4000
2000 0.1

0 0
85 0.9 0.95 1 1.05 1.1 1.15 1.2 0.8 0.85 0.9 0.95 1 1.05 1.1 1.15 1.2 0.8 0.85 0.9 0.9
% sensitivitas terhadap % sensitivitas terhadap % sens
 Sensitivitas ROR
Oil Price Investment Operating Cost
0.6

0.5

0.4
ROR, fraction

0.3

0.2

0.1

0
0.8 0.85 0.9 0.95 1 1.05 1.1 1.15 1.2
% sensitivitas terhadap