Jita Sa ntirioli n (12 4.18 .

009 )
Di keta hui KK S tela h me na ndata nga ni kontra k de ng an pe mer int ah unt uk me ng a mbil wil a ya h ker ja mig as de ng an model kontr a k PSC (de ng an FT P s har e ) den ga n
Ter ms &Conditi on se bag ai beri kut
FTP = 20 %
Ta x = 40 %
Net Kontra ktor Share (aft er Ta x) = 15 %
Governme nt Ta ke (a ft er Ta x) = 85 %
DM O = 25 %
DM Ofe e = 15 %
De pre sia si li ne ar sel a ma 5 ta hun
Investasi pa da tahun ke 1 (Capit al = 1 00 M$ da n N onCapit al = 15 0 M$
Pada tahun ke 2 N on Ca pital 50 M $
Oper ating cost tia p t a hun = 2 0M $/ Ta hun
Setelah mela kuka n e ks plorasi wila yah kerja te rs eb ut ke mudia n da pat ber pr oduksi pa da t ahun ke -2 de nga n pr ofil pr oduksi da n harga minya k se bagai beri kut :

JA WA B
FTP-SHARE

Tabel Cashflow
0 0 0

Contractor Share Government PV@

Gas Prod oiL. Prod Gas Oil Gross Capex Deprecia Unrecov Cost Recover Equity to DR=
Gas Price Cond. Price FTP(M GR- FTP CashOut
Year (MMSCF/ (US$/MMBTU) (Mbbl/Yea (US$/Bbl) Revenue Revenue Revenue (M US$), Opex (M US$) tion (M US$) (M US$) ered (M Recovery ed (M be Split FTP ETS FTP+ETS DMO DMOfee TI (Taxable Income) Tax NCS (Net Contractor Share) NCS+Rec Expenditures CF CCF FTP ETS DMO Tax Total Cum.GT 10% Cash In
Year) r) (M US$) (M US$) (M US$) Tangible US$) US$) (M US$) US$) (M US$)
M US$ M US$ M US$ FTP, ETS, FTP,M ETS,M FTP ETS FTP+ETS FTP ETS M US$ FTP ETS M US$ M US$ M US$ M US$ M US$ M US$ M US$ M US$ M US$ M US$ M US$
0 0 1.00 - - 0.00 0
1 - - - 100 150 - - - 150 - - - - - - - - - - - - - - - 250 - 250 (250.0) - - - - - - 1 1.00 - 250 0.00 1
2 600.00 70 - 42,000 42,000 - 70 20 8400 33,600 150 240 240 33,360 2,100 8,340 10,440 2,100 8,340 10,440 840 3,336 4,176 1,260 5,004 6,264 6,504 70 6,434 6,184 6,300 25,020 - 4,176.00 35,496 35,496.00 2 1.00 6,504 70 1.04 2
3 800.00 70 - 56,000 56,000 - 20 20 11200 44,800 - 40 40 44,760 2,800 11,190 13,990 2,800 11,190 13,990 1,120 4,476 5,596 1,680 6,714 8,394 8,434 20 8,414 14,598 8,400 33,570 - 5,596.00 47,566 83,062.00 3 1.00 8,434 20 0.00 3
4 900.00 70 - 63,000 63,000 - 20 20 12600 50,400 - 40 40 50,360 3,150 12,590 15,740 3,150 12,590 15,740 1,260 5,036 6,296 1,890 7,554 9,444 9,484 20 9,464 24,062 9,450 37,770 - 6,296.00 53,516 136,578.00 4 1.00 9,484 20 0.00 4
5 1,000.00 70 - 70,000 70,000 - 20 20 14000 56,000 - 40 40 55,960 3,500 13,990 17,490 3,500 13,990 17,490 1,400 5,596 6,996 2,100 8,394 10,494 10,534 20 10,514 34,576 10,500 41,970 - 6,996.00 59,466 196,044.00 5 1.00 10,534 20 0.00 5
6 800.00 70 - 56,000 56,000 - 20 20 11200 44,800 - 40 40 44,760 2,800 11,190 13,990 700.00 2,798 105 420 2,205 8,812 11,017 882 3,525 4,407 1,323 5,287 6,610 6,650 20 6,630 41,206 8,400 33,570 2,973 4,406.85 49,350 245,394 6 1.00 6,650 20 0.00 6
7 700.00 70 - 49,000 49,000 - 20 - 9800 39,200 - 20 20 39,180 2,450 9,795 12,245 612.50 2,449 92 367 1,929 7,714 9,643 772 3,085 3,857 1,158 4,628 5,786 5,806 20 5,786 46,992 7,350 29,385 2,602 3,857.18 43,194 288,588 7 1.00 5,806 20 0.00 7
8 600.00 70 - 42,000 42,000 - 20 - 8400 33,600 - 20 20 33,580 2,100 8,395 10,495 525.00 2,099 79 315 1,654 6,611 8,265 662 2,644 3,306 992 3,967 4,959 4,979 20 4,959 51,951 6,300 25,185 2,230 3,305.93 37,021 325,609 8 1.00 4,979 20 0.00 8
9 500.00 70 - 35,000 35,000 - 20 - 7000 28,000 - 20 20 27,980 1,750 6,995 8,745 437.50 1,749 66 262 1,378 5,509 6,887 551 2,203 2,755 827 3,305 4,132 4,152 20 4,132 56,083 5,250 20,985 1,858 2,754.68 30,848 356,457 9 1.00 4,152 20 0.00 9
10 400.00 70 - 28,000 28,000 - 20 - 5600 22,400 - 20 20 22,380 1,400 5,595 6,995 350.00 1,399 53 210 1,103 4,406 5,509 441 1,762 2,203 662 2,644 3,305 3,325 20 3,305 4,200 16,785 1,486 2,203.43 24,675 381,132 10 1.00 3,325 20 0.00 10
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 11 1.00 - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 0.00 11
12 1.00 - - 0.00 12
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 13 1.00 - - 0.00 13
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 14 1.00 - - 0.00 14
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 15 1.00 - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 0.00 15
16 1.00 - - 0.00 16
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
17 1.00 - - 0.00 17
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 18 1.00 - - 0.00 18
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
19 1.00 - - 0.00 19
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - 0.00 20
0 6,300 0 - - - 380 - - - 630 480 - - - - - - - - - - - - - - - - - 59,868 480 59,388 - - - 39,592 -
441,000 441,000 100 100 88,200 352,800 352,320 22,050 88,080 110,130 2,625 10,493 394 1,574 19,819 79,161 98,980 7,928 31,665 39,592 11,891 47,497 59,388 66,150 264,240 11,150 381,132 0.00 21
59,868 480 1.04

IRR POT=BEP PI= 124.7252

Contractor Economic Indicators Revenue Distribution NPV
Fiscal Terms :
FTP units
% Contractor Indonesia Unit
20 Total Expenditures 480 M US$ Net Recovery 480 M US$ Cost Recovery 480 0.11%
Contractor S har e be fore ta x 25 % Net Present Val ue @ 10% 40,101 M US$ Total FTP Share 11,891 66,150 M US$ Net Contractor Share 59,388 13.47% -0.54054
Gover ment S har e be fore ta x 75 % Payout Time 1.04 Year Total Net Share 47,497 264,240 M US$ Tax 39,592 8.98% 381,132 86.42% 1.540541
DM O 25 % Internal Rate of Return (IRR) 2603.49% Percent DMO 0 11,150 M US$ Government Share 341,540 77.45%
DM O Fe e % fr om pri ce 15 % Profitability Index 124.73 Fraction Total Tax 0 39,592 M US$ Jumlah 441,000 100%
Start of DM O After 5 year s Total Take 59,868 381,132 M US$
Tax Rate 40 % Total Revenue 441,000 M US$
Invest ment Cr edit 0 % -
Gov. NPV@10% $228,436.95 M US$
Cost Recovery Net Contractor Share
Revenue Distribution
0.15% 13.46% Gross Revenue, Contractor Take, Government Take vs Time
14, 0 00
Ass umpti on units Gross Rev e nue , MUS $
Pri ce of oil 70 US$ / BBL Net C ontra ct or S har e , MUS $
Pri ce of ga s US$ / MM BTU 12, 0 00
Es calati on rate for oil 0 $/ta hun Cost Re cov ery , MUS $

GR, CT , GT (M US$)
Escalation r ate for g as 0 % 10, 0 00 Gove rnme nt T ak e , MUS $
Discount Rat e 10 % Tax
8.97%
8,0 0 0

6,0 0 0

4,0 0 0

2,0 0 0

Time (Yea r)
Government Share
77.41%