Case - Study Case - PSC CR and GS

Informasi PSC Gross Split Regime
No Deskripsi Status
1 Block Status Production
2 Lokasi Lapangan On Shore
3 Kedalaman <2500 m
4 Infrastruktur Well Development
5 Res Condition Conventional
6 CO2 <5%
7 H2S <100 ppm
8 SG >25 API
9 LC 60%
10 Production Phase Secondary
11 Oil Price 40<= x <55
12 Cumm Production >150 MMBO
Informasi PSC Cost recovery Regime
Informasi Nilai Informasi Nilai/Metode

GOI Split (B/T) 76.92% Depreciation Declining Balance
KKKS Split (B/T) 23.08% Depreciation Rate 25%
Tax Rate 48% FTP Total 20%
Investment Credit 17% DMO 25% Lifting x Split Contractor
DMO Holiday 5 Year
DMO Fee 15%
Informasi Investment
Year Total Capex Tangible Capex Intangible Capex
M$ M$ M$
2021 18,413.22 4,462.92 13,950.30
SIMPLE PSC GS FLOW CALCULATION
Volume
Volume Oil Water
Year Oil Production Water
Production Production
Production
BOPD MBO BWPD MBW

2021 -
2022 1,586.10 579 1,196.53 436.73
2023 970.52 354 1,812.48 661.55
2024 708.97 259 2,074.03 757.02
2025 550.28 201 2,232.72 814.94
2026 428.56 156 2,354.44 859.37
2027 333.76 122 2,449.24 893.97
2028 259.93 95 2,523.07 920.92
2029 202.44 74 2,580.56 941.91
2030 157.66 58 2,625.34 958.25
2031 122.78 45 2,660.22 970.98
2032 95.62 35 2,687.38 980.89
2033 74.47 27 2,708.53 988.61
2034 58.00 21 2,725.00 994.63
2035 45.17 16 2,737.83 999.31
2036 35.18 13 2,747.82 1,002.96
2037 27.40 10 2,755.60 1,005.80
2038 21.34 8 2,761.66 1,008.01
2039 16.62 6 2,766.38 1,009.73
2040 12.94 5 2,770.06 1,011.07
2041 10.08 4 2,772.92 1,012.12
Oil Price
Tahun Lifting Cost
$/BO $/bbl Fluid
2020 54.9 0.19
2021 64.9 0.19
2022 75.1 0.20
2023 77.8 0.20
2024 81.4 0.20
2025 83.7 0.21
2026 86.6 0.21
2027 89.6 0.22
2028 92.7 0.22
2029 95.7 0.22
2030 99.8 0.22
2031 102.9 0.22
2032 107.1 0.22
2033 111.2 0.22
2034 115.3 0.22
2035 119.3 0.22
2036 121.7 0.22
2037 124.1 0.22
2038 126.6 0.22
2039 129.1 0.22
2040 131.7 0.22
2041 134.3 0.22
Petunjuk:
Isi Kolom Warna Kuning (Harga Minyak) dan Review
Year
No KKKS Split Oil Price Schedule ($/BO)
Description
1 Base Split
2 Block Status POFD
3 Field Location On Shore
4 Reservoir Depth 1200 m (<2500 m)
5 Infrastructure Well Developed
6 Reservoir Condition Conventional
7 CO2 Content 1% (<5%)
8 H2S Content 50 ppm (<100 ppm)
9 API Gravity 30 (>25 API)
10 Local Content 60% (50 <= to 70%)
11 Production Phase Secondary

12 Oil Price See Schedule
Cummulative
13 180 MMBOE (>175 MMBOE)
Production
Total KKKS Split
GOI Share
(40%)
GOI Take
4%+28.4%= 28.8%
ak) dan Review Isian Persen Split warna kuning sesuai dengan
2021 2022 2023 2024 2025 2026
65 75 78 81 84 87
% % % % % %
43% 43% 43% 43% 43% 43%
3% 3% 3% 3% 3% 3%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
3% 3% 3% 3% 3% 3%
6% 6% 6% 6% 6% 6%
5% 2% 2% 1% 0% 0%
0% 0% 0% 0% 0% 0%
60% 57% 57% 56% 55% 55%
Gross Revenue
(100%)
Gross Revenue
(100%)
GOI Share KK
(40%)
Tax (40%)
28.4%
GOI Take
%+28.4%= 28.8%
46.2
sesuai dengan Kondisi Lapangan
2027 2028 2029 2030 2031 2032
90 93 96 100 103 107
% % % % % %
43% 43% 43% 43% 43% 43%
3% 3% 3% 3% 3% 3%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
3% 3% 3% 3% 3% 3%
6% 6% 6% 6% 6% 6%
-1% -2% -3% -4% -4% -6%
0% 0% 0% 0% 0% 0%
54% 53% 52% 51% 51% 49%
KKKS Share
(57%)
Cost
25%
Taxable Income
71%
KKKS Take
(71-28.8)%+25% =71.2%
2033 2034 2035 2036 2037 2038
111 115 119 122 124 127
% % % % % %
43% 43% 43% 43% 43% 43%
3% 3% 3% 3% 3% 3%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
3% 3% 3% 3% 3% 3%
6% 6% 6% 6% 6% 6%
-7% -8% -9% -9% -10% -10%
0% 0% 0% 0% 0% 0%
48% 47% 46% 46% 45% 45%
Cost
25%
2039 2040 2041
129 132 134
% % %
43% 43% 43%
3% 3% 3%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
3% 3% 3%
6% 6% 6%
-11% -12% -12%
0% 0% 0%
44% 43% 43%
SIMPLE PSC GS FLOW CALCULATION
Tax Rate 40%
Manual Calculation
Tangible Intangible Volume Oil Water

Year Total Capex Oil Production
Capex Capex Production Production
M$ M$ M$ BOPD MBO BWPD

2021 18,413.22 4,462.92 13,950.30
2022 - 1,586.10 579 1,196.53
2023 - 970.52 354 1,812.48
2024 708.97 259 2,074.03
2025 550.28 201 2,232.72
2026 428.56 156 2,354.44
2027 333.76 122 2,449.24
2028 259.93 95 2,523.07
2029 202.44 74 2,580.56
2030 - 157.66 58 2,625.34
2031 - 122.78 45 2,660.22
2032 95.62 35 2,687.38
2033 74.47 27 2,708.53
2034 58.00 21 2,725.00
2035 45.17 16 2,737.83
2036 35.18 13 2,747.82
2037 27.40 10 2,755.60
2038 21.34 8 2,761.66
2039 16.62 6 2,766.38
2040 12.94 5 2,770.06
2041 STOP (Negative) 10.08 4 2,772.92
Total 18,413.22 4,462.92 13,950.30 10.08 4 2,772.92
45% 50%
Current Cash Flow Cash Flow @
Cash Flow @ 45%
Year
Year Nett @10% Disc 40% Disc
Disc Rate Economic Parame
Cash Flow Rate Rate
M$ M$ M$ M$ Disc Investment
0 - - - - NPV@10%
1 #REF! #REF! #REF! #REF! IRR
2 #REF! #REF! #REF! #REF! POT
3 #REF! #REF! #REF! #REF! DPI
4 #REF! #REF! #REF! #REF! VC
5 #REF! #REF! #REF! #REF!
20
NPV (M$): #REF! #REF! #REF!
IRR #REF!
R1 45%
R2 50%
NPV1 #REF!
NPV2 #REF!
Petunjuk:
Copy Paste Value
Transpose
dari CALC_GS Split Cell
E21:Y21
Volume
Lifting Gross Operating
Water Oil Price KKS Split GOI Split
Cost Revenue Cost
Production
$/Bbl
MBW $ M$ % M$
Fluid
60% 40% -
436.73 64.9 0.19 57% 43% #REF!
661.55 75.1 0.20 57% 43% #REF!
757.02 77.8 0.20 56% 44% #REF!
814.94 81.4 0.20 55% 45% #REF!
859.37 83.7 0.21 55% 45% #REF!
893.97 86.6 0.21 54% 46% #REF!
920.92 89.6 0.22 53% 47% #REF!
941.91 92.7 0.22 52% 48% #REF!
958.25 95.7 0.22 51% 49% #REF!
970.98 99.8 0.22 51% 49% #REF!
980.89 102.9 0.22 49% 51% #REF!
988.61 107.1 0.22 48% 52% #REF!
994.63 111.2 0.22 47% 53% #REF!
999.31 115.3 0.22 46% 54% #REF!
1,002.96 119.3 0.22 46% 54% #REF!
1,005.80 121.7 0.22 45% 55% #REF!
1,008.01 124.1 0.22 100% #REF!
1,009.73 126.6 0.22 100% #REF!
1,011.07 129.1 0.22 100% #REF!
1,012.12 131.7 0.22 100% #REF!
1,012.12 134.3 0.22 - 8.84 12.16 #REF!
onomic Parameter
18,413.22
#REF! M US$
#REF! % Year Net Cash Flow Cum Net Cash Flow
#REF! Year 0 - -
#REF! 1 #REF! #REF!
#REF! 2 #REF! #REF!
Equity To be Contractor Taxable After Tax
Total Cost GOI Split Tax
Split Equity Income CASH IN
M$ M$ M$ MBO M$ M$
- - - - - -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
#REF! - - - #REF! #REF! -
Non Non
Discounted
After Tax KKKS Cash Discounted Discounted
Net After Tax
CASH Out Flow Gross KKS Net KKKS
Cash Flow
Take Take
M$ M$ M$ M$
- - - - -
#REF! #REF! #REF! #REF! #REF!
#REF! #REF!
Non
Discounted Year-n
GOI Take
M$
- 0
#REF! 1
#REF! 2
#REF! 3
#REF! 4
#REF! 5
#REF! 6
#REF! 7
#REF! 8
#REF! 9
#REF! 10
#REF! 11
#REF! 12
#REF! 13
#REF! 14
#REF! 15
#REF! 16
#REF! 17
#REF! 18
#REF! 19
#REF! 20
#REF! #REF!
#REF!
SIMPLE PSC CASH FLOW CALCULATION
GOI Split (B/T) 76.92%
KKKS Split (B/T) 23.08% Depreciation Rate
Tax Rate 48% FTP Total
Investment Credit 17% DMO 25% Lifting x Split Contractor
DMO Holiday 5 Year
DMO Fee 15%
Manual Calculation
Tangible Intangible Oil Water

Year Total Capex Oil Production
Capex Capex Production Production
M$ M$ M$ BOPD MBO BWPD

2021 18,413.22 4,462.92 13,950.30
2022 1,586.10 579 1,196.53
2023 970.52 354 1,812.48
2024 708.97 259 2,074.03
2025 550.28 201 2,232.72
2026 428.56 156 2,354.44
2027 333.76 122 2,449.24
2028 259.93 95 2,523.07
2029 202.44 74 2,580.56
2030 157.66 58 2,625.34
2031 122.78 45 2,660.22
2032 95.62 35 2,687.38
2033 74.47 27 2,708.53
2034 58.00 21 2,725.00
2035 45.17 16 2,737.83
2036 35.18 13 2,747.82
2037 27.40 10 2,755.60
2038 21.34 8 2,761.66
2039 16.62 6 2,766.38
2040 12.94 5 2,770.06
2041 10.08 4 2,772.92
Total 18,413.22 4,462.92 13,950.30 2,090.68
35% 40%
Current Cash Flow Cash Flow @
Cash Flow @
Year
Year Nett @10% Disc 35% Disc
40% Disc Rate Economic Paramet
Cash Flow Rate Rate
M$ M$ M$ M$ Disc Investment
0 (1,651) (1,651) (1,651) (1,651) NPV@10%
1 3,836 3,487 2,841 2,740 IRR
2 2,392 1,976 1,312 1,220 POT
3 1,938 1,456 787 706 DPI
4 1,546 1,056 465 402 VC
5 5,168 3,209 1,152 961
6 777 438 128 103
7 620 318 76 59
8 494 230 45 33
9 396 168 27 19
10 313 121 16 11
11 248 87 9 6
12 196 62 5 3
13 153 44 3 2
14 118 31 2 1
15 88 21 1 1
16 65 14 1 0
17 46 9 0 0
18 31 6 0 0
19 19 3 0 0
20 20 3 0 0
NPV (M$): 11,088 5,220 4,617
IRR 0.78
R1 35%
R2 40%
NPV1 5,220
NPV2 4,617
Gross
Water Lifting Gross First Tranche Depreciation
Oil Price Revenue
Production Cost Revenue Petroleum Schedule
After FTP
$/Bbl
MBW $ M$ M$ M$ M$
Fluid
37,572.40 7,514.48 30,057.92 -
436.73 64.9 0.19 26,603.53 5,320.71 21,282.82 -
661.55 75.1 0.20 20,132.53 4,026.51 16,106.02 -
757.02 77.8 0.20 16,349.30 3,269.86 13,079.44 -
814.94 81.4 0.20 13,092.62 2,618.52 10,474.10 -
859.37 83.7 0.21 10,549.83 2,109.97 8,439.86 4,462.92
893.97 86.6 0.21 8,500.84 1,700.17 6,800.67
920.92 89.6 0.22 6,849.52 1,369.90 5,479.61
941.91 92.7 0.22 5,507.04 1,101.41 4,405.64
958.25 95.7 0.22 4,472.64 894.53 3,578.11
970.98 99.8 0.22 3,591.49 718.30 2,873.19
980.89 102.9 0.22 2,911.22 582.24 2,328.98
988.61 107.1 0.22 2,354.06 470.81 1,883.25
994.63 111.2 0.22 1,900.94 380.19 1,520.75
999.31 115.3 0.22 1,531.81 306.36 1,225.45
1,002.96 119.3 0.22 1,216.98 243.40 973.58
1,005.80 121.7 0.22 966.47 193.29 773.18
1,008.01 124.1 0.22 767.85 153.57 614.28
1,009.73 126.6 0.22 609.81 121.96 487.85
1,011.07 129.1 0.22 484.49 96.90 387.59
1,012.12 131.7 0.22 494.05 98.81 395.24
19,240.88 134.3 166,459.42 33,291.88 133,167.53 4,462.92
onomic Parameter
18,413.22
11,087.97 M US$
78.29 % Year Net Cash Flow Cum Net Cash Flow
0.43 Year 0 (1,651) (1,651)
1.60 1 3,836 2,184
3,722.68
Total Contractor
Investment Operating Cost Unrecovered Equity To be
Cost FTP
Credit Cost Recoverables Cost Split
Recovery Revenue
M$ M$ M$ M$ M$ M$ M$
- 192.98 14,143.28 14,143.28 - 15,914.64 1,734.11
758.70 203.16 961.86 961.86 - 20,320.97 1,227.86
- 203.16 203.16 203.16 - 15,902.86 929.19
203.16 203.16 203.16 - 12,876.28 754.58
213.32 213.32 213.32 - 10,260.78 604.27
213.32 4,676.24 4,676.24 - 3,763.63 486.92
223.47 223.47 223.47 - 6,577.20 392.35
223.47 223.47 223.47 - 5,256.14 316.13
223.47 223.47 223.47 - 4,182.16 254.17
- 223.47 223.47 223.47 - 3,354.63 206.43
- 223.47 223.47 223.47 - 2,649.72 165.76
223.47 223.47 223.47 - 2,105.50 134.36
223.47 223.47 223.47 - 1,659.77 108.65
223.47 223.47 223.47 - 1,297.28 87.74
- 223.47 223.47 223.47 - 1,001.97 70.70
223.47 223.47 223.47 - 750.11 56.17
223.47 223.47 223.47 - 549.70 44.61
223.47 223.47 223.47 - 390.81 35.44
223.47 223.47 223.47 - 264.38 28.15
223.47 223.47 223.47 - 164.12 22.36
- 223.47 223.47 223.47 - 171.77 22.80
758.70 4,581.21 23,753.13 23,753.13 109,414.40 7,682.74
Total
Contractor DMO DMO DMO Net Taxable
Contractor Tax
Equity Volume Fee Fee Income
Entitlement
M$ MBO M$ M$ M$ M$ M$
3,672.61 33.40 2,167.64 - 19,550.00 5,406.72 2,595.23
4,689.45 20.44 1,534.82 - 6,879.16 5,917.31 2,840.31
3,669.89 14.93 1,161.49 - 4,802.24 4,599.09 2,207.56
2,971.45 11.59 943.23 - 3,929.19 3,726.03 1,788.50
2,367.87 9.02 755.34 - 3,185.46 2,972.15 1,426.63
868.53 7.03 608.64 - 6,031.68 1,355.44 650.61
1,517.81 5.47 490.43 416.87 1,716.77 1,493.29 716.78
1,212.96 4.26 395.16 335.89 1,416.67 1,193.20 572.73
965.11 3.32 317.71 270.06 1,172.70 949.23 455.63
774.15 2.59 258.04 219.33 984.72 761.24 365.40
611.47 2.01 207.20 176.12 824.59 601.11 288.53
485.89 1.57 167.96 142.76 700.96 477.49 229.19
383.02 1.22 135.81 115.44 599.71 376.23 180.59
299.37 0.95 109.67 93.22 517.36 293.89 141.07
231.22 0.74 88.37 75.12 450.28 226.81 108.87
173.10 0.58 70.21 59.68 393.07 169.59 81.40
126.85 0.45 55.76 47.39 347.54 124.07 59.55
90.19 0.35 44.30 37.65 311.45 87.97 42.23
61.01 0.27 35.18 29.90 282.73 59.25 28.44
37.87 0.21 27.95 23.76 259.95 36.48 17.51
39.64 0.21 28.50 24.23 261.69 38.21 18.34
25,249.48 120.62 9,603.43 2,067.42 54,617.93 30,864.80 14,815.10
Discounted Undisc.
After Tax After Tax Nett After Tax
Nett After Tax Year-n Contractor
Cash In Cash Out Cash Flow
Cash Flow Entitlmenet
M$ M$ M$ M$ M$
19,550.00 21,201.43 (1,651.43) (1,651.43) 0 19,550.00
6,879.16 3,043.47 3,835.70 3,487.00 1 6,879
4,802.24 2,410.72 2,391.52 1,976.47 2 4,802
3,929.19 1,991.65 1,937.54 1,455.70 3 3,929
3,185.46 1,639.95 1,545.52 1,055.61 4 3,185
6,031.68 863.93 5,167.75 3,208.77 5 6,032
1,716.77 940.26 776.51 438.32 6 1,717
1,416.67 796.21 620.46 318.40 7 1,417
1,172.70 679.10 493.60 230.27 8 1,173
984.72 588.87 395.85 167.88 9 985
824.59 512.01 312.58 120.51 10 825
700.96 452.67 248.29 87.03 11 701
599.71 404.07 195.64 62.34 12 600
517.36 364.54 152.82 44.27 13 517
450.28 332.34 117.94 31.06 14 450
393.07 304.88 88.19 21.11 15 393
347.54 283.03 64.51 14.04 16 348
311.45 265.70 45.75 9.05 17 311
282.73 251.92 30.81 5.54 18 283
259.95 240.98 18.97 3.10 19 260
261.69 241.82 19.87 2.95 20 262
54,617.93 37,809.54 16,808.39 11,087.97 54,618
33%
CR 25%
Net 7%
GOI
M$
0
19,724
15,330
12,420
9,907
4,518
6,784
5,433
4,334
3,488
2,767
2,210
1,754
1,384
1,082
824
619
456
327
225
232
93,819 148,437
56%
Cash Flow
PSC Rec PSC GS
2021 (1,651.43) -
2022 3,487.00 #REF!
2023 1,976.47 #REF!
2024 1,455.70 #REF!
2025 1,055.61 #REF!
2026 3,208.77 #REF!
2027 438.32 #REF!
2028 318.40 #REF!
2029 230.27 #REF!
2030 167.88 #REF!
2031 120.51 #REF!
2032 87.03 #REF!
2033 62.34 #REF!
2034 44.27 #REF!
2035 31.06 #REF!
2036 21.11 #REF!
2037 14.04 #REF!
2038 9.05 #REF!
2039 5.54 #REF!
2040 3.10 #REF!
2041 2.95 #REF!
Total 11,087.97 #REF!
Profil Total KKKS Split
Project Pemboran Sumur Horizontal Lapangan X
70%
GS KKKS Split
60%
50%
40%
30%
20%
10%
0%
21 0 22 023 024 025 02 6 027 028 0 29 030 031 032 033 034 035 036 037 038 039 040 041
20 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Profil Prediksi Harga Minyak
12
10
Harga Minyak (US$/Bbl)
0
2021
B ia y a P ro d u k s i (U S $ /B b l F lu id a )
Profil Biaya Operasi Produksi (OPEX)

12.00
10.00
8.00
6.00
4.00
2.00
0.00
2021
Profil Produksi Minyak dan Air
3,000
2,500
2,000
1,500
1,000
500
0
2 1 0 2 2 02 3 0 2 4 0 2 5 02 6 0 2 7 0 2 8 02 9 0 3 0 0 3 1 03 2 0 3 3 0 3 4 03 5 0 3 6 0 3 7 03 8 0 3 9 0 4 0 04 1
20 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Profil Cash Flow PSC CR vs PSC GS
4,000.00
3,000.00
2,000.00
1,000.00
-
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041
(1,000.00) PSC Rec PSC GS
(2,000.00)

Case - Study Case - PSC CR and GS

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Case - Study Case - PSC CR and GS

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Informasi PSC Gross Split Regime

Informasi PSC Cost recovery Regime

Informasi Nilai Informasi Nilai/Metode

BOPD MBO BWPD MBW

3 Field Location On Shore

4 Reservoir Depth 1200 m (<2500 m)

5 Infrastructure Well Developed

6 Reservoir Condition Conventional

7 CO2 Content 1% (<5%)

8 H2S Content 50 ppm (<100 ppm)

9 API Gravity 30 (>25 API)

10 Local Content 60% (50 <= to 70%)

11 Production Phase Secondary

Tangible Intangible Volume Oil Water

M$ M$ M$ BOPD MBO BWPD

Tangible Intangible Oil Water

M$ M$ M$ BOPD MBO BWPD

Profil Biaya Operasi Produksi (OPEX)

(1,000.00) PSC Rec PSC GS

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