ANALISA FISKAL PERBANDINGAN PSC COST RECOVERY, PSC RECOVERY OVER COST, DAN PSC GROSS SPLIT TERHADAP LAPANGAN BLUE-RAY

Abstract

Muhammad Hasnan Ramadhan. 101317069. Comparative Fiscal Analysis of PSC Cost Recovery, PSC Revenue Over Cost, PSC Gross Split in the BLUE-RAY Field This research conduct to analyzes and also compares by analyzing production sharing contracts for the oil and gas industry. The profit sharing contracts that will be compare in this study are PSC cost recovery, PSC revenue over cost, and PSC gross split using economic indicators, namely, NPV, IRR, POT, and also IRR. This study was conducted to analyze and also compare the Indonesian and Malaysian revenue-sharing systems whether they can match the level of economic value of the Malaysian revenue-sharing system. From the results obtained through calculations using synthetic data with reference to production data and also the gas field fiscal scheme, it is found that the production sharing contract system with the cost recovery has a more feasible economy than the gross split scheme and revenue over cost scheme. From the results of calculations that have been carried out, the PSC cost recovery NPV (@10%) 42,243.41 M$, IRR 28.76%, and POT 4,62 years. Then, for PSC revenue over cost, the economic indicators are NPV (@10%) 22,719.8 M$, IRR 19.81%, and POT 6,75 years. Finally, for the PSC gross split, the economic indicators are NPV (@10%) 40,192.73, IRR 18.6%, and POT for 6,59 years. Thus, the fiscal scheme that has appeal to contractors is PSC cost recovery. However, the highest revenue for the state itself is obtained by the PSC revenue over cost from Malaysia by 68% from gross revenue. Keywords: Production sharing contract, Fiscal Scheme, Revenue over cost, Cost recovery, gross split, sensitivity analysis, economic indicators