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Journal : International Journal of Community Service

Introduction and Consultation on the Indonesia's Oil and Gas Sharing Contract at CNG Co. Sunny Yulia, Prayang; Hari Karyadi Oetomo, R.; Ristawati, Arinda; Fattahanisa, Aqlyna; Kurniawati, Riskaviana
International Journal Of Community Service Vol. 4 No. 4 (2024): November 2024 (Indonesia - Thailand - Malaysia)
Publisher : CV. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijcs.v4i4.812

Abstract

Indonesia's oil and gas sector has traditionally employed Production Sharing Contracts (PSCs) to regulate the sharing of revenues between the government and contractors. Two key PSC models are used: PSC Cost Recovery and PSC Gross Split. The PSC Cost Recovery model allows contractors to recover their exploration and production costs before profits are shared, providing financial protection but reducing long-term profitability. Conversely, the PSC Gross Split model, introduced in 2017, offers a simpler revenue-sharing mechanism, eliminating cost recovery and directly splitting gross revenue between the government and contractors. This study analyzes the financial implications of both models using economic simulations, focusing on key indicators like net cash flow, net present value (NPV), pay-out time, and discounted cash flow (DCF) rate of return. Results show that the Gross Split model generates significantly higher gross revenue ($420.908 million) than Cost Recovery ($46.362 million), but at the cost of greater financial risks for contractors due to higher upfront investments and operating costs. The Gross Split model also provides higher long-term returns, with a net cash flow of $67.138 million compared to $8.252 million in Cost Recovery. However, the pay-out time is longer, and the DCF rate of return is slightly lower (29.95% vs. 31.8%). Ultimately, PSC Gross Split is more suited for contractors with higher risk tolerance and capital resources, while PSC Cost Recovery may be preferable for smaller contractors seeking to minimize financial risks. Both models offer distinct advantages depending on the contractor’s financial capacity and risk appetite.
City Gas Network Uses and Benefits Socialization For Community In Tanjung Gedong Area of West Jakarta Yulia, Prayang Sunny; Ristawati, Arinda; Prima, Andry; Kurniawati, Riskaviana; Fattahanisa, Aqlyna; Wijayanti, Puri
International Journal Of Community Service Vol. 3 No. 2 (2023): May 2023 (Indonesia - Malaysia )
Publisher : CV. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijcs.v3i2.181

Abstract

City gas network socialization is a community service that aims to make community understand the development of the city gas distribution sector in Indonesia and provide information to the community about liquified petroleum gas (LPG) substitute. A gas network for households means distributing gas through pipes to households. The limited availability of household gas in DKI Jakarta made this socialization theme raised. The location chosen is the Tanjung Gedong area, Tomang-sub district, Grogol Petamburan district, West Jakarta, which in this case, the area is a densely populated area, especially family settlements. The participants who took part in this community service were housewives. The method used is to provide socialization about the city gas network developed by the government for household gas purposes, the socialization is carried out online with the zoom facility and some others offline in the community while still using the existing health protocol. The result of this community service activity is that the community can recognize and understand the existence of a gas network whose infrastructure development is being developed by the government through PT Perusahaan Gas Negara (PGN) Tbk. This community service makes the community aware of the flow of the city gas network development program.
Utilization of Coconut Shell Waste into Energy: Training for Small and Medium Enterprises" in Pasar Minggu Area, South Jakarta Ristawati, Arinda; Fattahanisa, Aqlyna; Kurniawati, Riskaviana; Pramadika, Havidh; Ridaliani Prapansya, Onnie; Ananta Ihza Hiswara, M Mirza
International Journal Of Community Service Vol. 5 No. 2 (2025): May 2025 (Indonesia - Malaysia - Timor-Leste)
Publisher : CV. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijcs.v5i2.831

Abstract

Indonesia is a tropical country with a wealth of coconut trees widespread in almost all of its territory, from Sumatra to Papua. This coconut tree has great potential that has not been fully utilized until now. Although almost all parts of the coconut have been utilized, most coconut fibers and shells are still wasted. This program aims to encourage sustainable and productive waste utilization and support the creation of independent and productive local entrepreneurs. With a focus on empowering SMEs based on local resources, this program is also expected to be able to contribute to improving the local economy and expanding employment. So that partner SMEs can produce high-quality coconut shell charcoal briquettes that are ready to be marketed and Increase the knowledge and technical skills of the trainees in processing coconut shell waste. The method of implementing the PKM program is carried out systematically through several stages to overcome the main problems faced by small and medium enterprises (SMEs) in Pasar Minggu, South Jakarta in the field of production, management, and marketing of briquette products from coconut shell waste. The implementation of this PKM program proves that with the right training, the community can be invited to utilize organic waste in products with economic value. One of the key aspects of the success of this program is involving the community in every stage of the activity. Thus, the community not only becomes passive beneficiaries but also plays an active role in the development of solutions that are by field conditions. Improving business management knowledge and skills is also an important point. The training conducted not only focused on the technical aspects of making briquettes but also on how to manage small businesses effectively with business management, as well as product marketing.
Co-Authors Adira Natasha Annisa Alvin Henk Ananta Ihza Hiswara, M Mirza Andry Prima Annisa, Adira Natasha Apriandi Rizkina rangga Wastu Arfantia, Rizka Chairil Arinda Ristawati Aryanto, Reza Bani Nugroho Bayu Satiyawira Brilliani Cahaya Rosyidan Christin Palit Cornelius Cornelius Daniel Lopez Pattiruhu Danu Putra Dina Asmaul Chusniyah Djoko Sulistyanto Djoko Sulistyanto, Djoko Djunaedi Djunaedi Djunaedi Djunaedi Elfrida Ratnawati Emmy Fatmi Budhya Fadliah Fadliah, Fadliah Faza Hanifandra FX Krisna Putra Tapangan Gerald Pascal Ginting Ghanima Yasmaniar Haiva, Kumala Galuh Hari K Oetomo Hari Karyadi Oetomo, R. Harin Widiyatni Hartono, Kartika Fajarwati Havidh Pramadika Henk, Alvin Husla, Ridha Irma Tuanaya Juanda, Firdaus kartika fajarwati hartono Kerdyanti, Mixsindo Korra Kevin Woe Kurniawati, Riskaviana Lestari Lestari Lestari Said Lestari Said Lestari Said, Lestari Listiana Satiawati, Listiana Maman Djumantara Meldinar Riska Puspitosari Mentari Gracia Soekardy MG. Sri Wahyuni Mixsindo Korra Herdyanti Muhammad Ridhal Malik Syafrudin Muhammad Taufiq Fathaddin, Muhammad Taufiq Mukmin P. Tamsil Mulia Ginting Mulia Ginting Mulia Ginting, Mulia Mustamina Maulani Palit, Christin Pauhesti Pauhesti Pauhesti, Pauhesti Poluan, Chris Elvano Pri Agung Rakhmanto puri wijayanti Puri Wijayanti Puri Wijayanti, Puri Purwiyono, Taat Tri Puspitosari, Meldinar Riska Rafiz Ari Nugraha Reno Pratiwi Reza Aryanto Ridaliani Prapansya, Onnie Ridha Husla Rini Setiati Ristawati, Arinda Rizkina Rangga Wastu, Apriandi Samsol Samura, Lisa Sangari, Farrel Shabrina Sri Riswati Sugiatmo Kasmungin Sunny Yulia, Prayang Syamidi Patian Taat Tri Purwiyono Tamsil, Mukmin P. Tilano, Adrian Wahyuni, MG. Sri Wastu, Apriandi Rizkina Rangga Widia Yanti Widia Yanti Widia Yanti, Widia Wiwik Dahani Yani Faozani Alli Yulia, Prayang Sunny Zico Iqbal Fatturahman