Economic Analysis of Data Engineering On Production Sharing Contract Case Study Field "A"

Abstract

Field "A" is the exploration field which has two productive layers, starting from the top is a layer K1 and L5. The oil reserves in this field amounted to 35.54 MMSTB. The field development planning system using PSC (Production Sharing Contract) for 30 years beginning in January 2012 to January 2042, carried out with the addition of 8 + 5 vertical wells with hydraulic fracturing of horizontal wells and pumps on each well. The field development scenarios generate cumulative oil production of 10.91 MMSTB and 30.7% recovery factor. Based on the economic analysis conducted, it can be said that the development scenario profitable taking into account the NPV @ 10% amounting to US$ 21,948,937.46, ROR is 33.24% (15% of bank interest), DPIR is 0.7, PIR is 2.03 and POT is 3.69 years from 24 years of time contract.

Keywords: economic analysis, hydraulic fracturing, production sharing contract