The Synergetic Economic Evaluation of PSC Cost Recovery and Gross Split Schemes on Field A

Prayang Sunny Yulia, Adji Nadzif Sidqi, Syamsul Irham, Mustamina Maulani, Puri Wijayanti
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Abstract

In month of August, year 2021, there was an alteration in the production-sharing contract for this field. The contract previously used was Production Sharing Contract (PSC) Cost Recovery, which changed to PSC Gross Split. This contract comparison aims to synergetically evaluate the comparison of the two economic models and also to determine a more efficient and appropriate scheme to be applied to field A, as well as to analyze the parameters that can affect the economic indicators of field A. The results of the economic analysis that has been carried out show that the PSC Gross Split scheme is better than the PSC Cost Recovery scheme. For PSC Cost Recovery, the Net Present Value (NPV) obtained for 30 wells is equal to 13,848,000 US$, the average Interest Rate of Return (IRR) is 118%, the average Pay Out Time (POT) is 1.43 years, the Contractor Take is 20,740,000 US$, and the Government Take is 176,587,000 US$. Whereas for PSC Gross Split, the NPV obtained for 30 wells was US$ 37,906,000, the average IRR was 245%, the average POT was 1.30 years, the Contractor Take was US$ 52,544,000, and the Government Take was 136,402,000 US$. The sensitivity analysis that has been carried out shows that the parameters of the amount of oil production and the price of oil have a significant effect on both schemes.
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A油田PSC成本回收与总分摊方案协同经济评价
在2021年8月,该油田的生产分成合同发生了变化。以前使用的合同是生产共享合同(PSC)成本回收,现在改为PSC Gross Split。本次合同比较的目的是对两种经济模型的比较进行综合评价,确定一种更有效、更合适的方案应用于a领域,并分析影响a领域经济指标的参数。已经进行的经济分析结果表明,PSC Gross Split方案优于PSC Cost Recovery方案。对于PSC成本回收,30口井获得的净现值(NPV)等于13,848,000美元,平均收益率(IRR)为118%,平均支付时间(POT)为1.43年,承包商收益为20,740,000美元,政府收益为176,587,000美元。而对于PSC Gross Split, 30口井的净现值为37,906,000美元,平均内部收益率为245%,平均POT为1.30年,承包商收益为52,544,000美元,政府收益为136,402,000美元。对两种方案的敏感性分析表明,石油产量和石油价格参数对两种方案都有显著影响。
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10
审稿时长
8 weeks
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