Journal of Geoscience, Engineering, Environment, and Technology
Vol. 9 No. 2 (2024): JGEET Vol 09 No 02 : June (2024)

Economic Work Evaluation Of New Zone Behind Pipe Based On Psc Cost Recovery And Gross Split Contract In YL Field

Danastri, Tania Indah (Unknown)
Manouchehr, Alireza (Unknown)
Hajeera, Shamaamah (Unknown)



Article Info

Publish Date
29 Jun 2024

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.

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Journal Info

Abbrev

JGEET

Publisher

Subject

Earth & Planetary Sciences Engineering Environmental Science Physics

Description

JGEET (Journal of Geoscience, Engineering, Environment and Technology) published the original research papers or reviews about the earth and planetary science, engineering, environment, and development of Technology related to geoscience. The objective of this journal is to disseminate the results ...