Economic Analysis of Data Engineering On Production Sharing Contract Case Study Field "A"

Herianto, Topan (2018) Economic Analysis of Data Engineering On Production Sharing Contract Case Study Field "A". Journal of Economics and Sustainable Development.

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Abstract

Field "A" is the exploration field which has two pr
oductive layers, starting from the top is a layer K
1 and L5.
The oil reserves in this field amounted to 35.54 MM
STB. The field development planning system using PS
C
(Production Sharing Contract) for 30 years beginnin
g in January 2012 to January 2042, carried out with
the
addition of 8 + 5 vertical wells with hydraulic fra
cturing of horizontal wells and pumps on each well.
The field
development scenarios generate cumulative oil produ
ction of 10.91 MMSTB and 30.7% recovery factor. Bas
ed
on the economic analysis conducted, it can be said
that the development scenario profitable taking int
o account
the NPV @ 10% amounting to US$ 21,948,937.46, ROR i
s 33.24% (15% of bank interest), DPIR is 0.7, PIR i
s
2.03 and POT is 3.69 years from 24 years of time co
ntract.
Keywords:
economic analysis, hydraulic fracturing, production
sharing contract

Item Type: Article
Subjects: T Technology > T Technology (General)
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Dr. Ir. MT HERIANTO TOPAN
Date Deposited: 30 Apr 2019 02:41
Last Modified: 30 May 2024 03:57
URI: http://eprints.upnyk.ac.id/id/eprint/19457

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