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Economic Work Evaluation Of New Zone Behind Pipe Based On Psc Cost Recovery And Gross Split Contract In YL Field Danastri, Tania Indah; Manouchehr, Alireza; Hajeera, Shamaamah
Journal of Geoscience, Engineering, Environment, and Technology Vol. 9 No. 2 (2024): JGEET Vol 09 No 02 : June (2024)
Publisher : UIR PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25299/jgeet.2024.9.2.15480

Abstract

Oil production in the YL field has decreased, to increase production work was carried out New Zone Behind Pipe (NZBP). For production results to benefit contractors and the government, this project was carried out by grab into account operating and investment costs following the standard cooperation contract system that applies in Indonesia. This study aimed to calculate the economic indicators of NPV, IRR, and POT based on the PSC system cost Recovery and system gross Split. Then determine which contract was feasible more or better by comparing the final results of the economic indicators of PSC contracts and economic indicators of contracts Gross Split. This study produced a comparison based on the system growth Split more wells were considered feasible, namely 6 of the 12 wells studied, with oil production above 2.65 MSTB to 9.71 MSTB, respectively the NPV, IRR, and POT values ​​were 11.90 to 52, 5, 11% to 40%, 0 to 4.22 months. While the PSC system only 5 wells were considered feasible out of 12 wells, with oil production of 1.82 MSTB to 9.71, respectively the NPV, IRR, and POT values ​​were 13.2 to 189.80, 11% to 156%, and 0 to 6.47 months. The system Gross Split was the best cooperation contract system to be applied to the YL field.