Investasi

Year

Produksi
MBBL

1
2
3
4
5
6
7
8
9
10
11
12
13

37.0
41.4
24.3
16.8
12.6
10.0
8.2
6.9
5.9
5.2
4.6
4.1
2.5

Cruide
Price
% BBL

50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0

Gross
Income
M$

1850
2070
1215
840
630
500
410
345
295
260
230
205
125

Tang
M$

500

179.5

-Gross Revenue (Pendapatan brutto) = vol produksi x harga rata2 =

100
FTP = 20 x 100 = 20
-Bag kontraktor sblm pajak = 15%/(1 pajak) = 26.7857 %
-FTP Contr = 26.7857% x 20 = 5.36
-Bag pemerintah = 100 26.7857 = 73.2143 %
-FTP Govt = 73.2143 x 20 = 14.64
-Recoverable Cost = 25
-Equity to be split/ETS (profit split/profit share)
ETS = Gross Revenue FTP Recoverable Cost = 100 20 25 = 5
ETS Bagian kontraktor = 26.7857% x ETS = 14.73
ETS bagian pemerintah = 73.2143% x ETS = 40.27
-Volume DMO = 25% x 26.7857 x produksi = 66.964 barel
DMO Fee = 25% x harga minyak x Vol DMO = 1.7
Net DMO = DMO Full price DMO Fee = 6.7 1.7 = 5
-Taxable income (penghasilan kena pajak) =
TI = FTP Contr + ETS Contr Net DMO = 5.36 + 14.73 5 = 15.1
Tax Payment (Pajak yang dibayarkan) = 44% x TI = 6.6
-Contractors take (perolehan kontraktor) = 15.1 6.6 = 8.5
-Governments take (perolehan pemerintah)
- GT = FTP Pemerintah + ETS Pemerintah + Net DMO + Pajak = 14
+ 40.27 + 5 + 6.6 = 66.5

Tax Payment (Pajak yang dibayarkan) = 44% x TI = 6.6

-Contractors take (perolehan kontraktor) = 15.1 6.6 = 8.5
-Governments take (perolehan pemerintah)
- GT = FTP Pemerintah + ETS Pemerintah + Net DMO + Pajak = 14
+ 40.27 + 5 + 6.6 = 66.5

Investasi
Intan
M$

1600

Operating
Cost
M$
2.25
83.25
93.15
54.675
37.8
28.35
22.5
18.45
15.525
13.275
11.7
10.35
9.225
5.625

roduksi x harga rata2 =

) = 26.7857 %

3%

e)
ost = 100 20 25 = 55
14.73
= 40.27
66.964 barel
= 1.7
7 1.7 = 5

36 + 14.73 5 = 15.1
x TI = 6.6
15.1 6.6 = 8.5

Net DMO + Pajak = 14.64

OH Cost
M$

Total OP
Cost
M$

Depreciation

0.02
1.665
1.863
1.0935
0.756
0.567
0.45
0.369
0.3105
0.2655
0.234
0.207
0.1845
0.1125

M$

Tax
Deduction
M$

0.25
84.915
95.013
55.7685
38.556
28.917
22.95
18.819
15.8355
13.5405
11.934
10.557
9.4095
5.7375

FTP KONT
GROSS REVENUE
ETS

125
93.75
281.25
0

44%

0.44
9872.5

x TI = 6.6
15.1 6.6 = 8.5

Net DMO + Pajak = 14.64

Taxable
Income
M$
0.4

Tax
M$

Net Cash
Flow
M$

Cum NCF

Payout

M$

M$