Tantangan Keekonomian Kontrak Bagi Hasil Gross Split Dan Cost Recovery. Studi Kasus Lapangan Gas Offshore Di Sumatera Bagian Utara

Jumiati, Wiwiek; Sismartono, Danang

doi:10.29017/lpmgb.52.2.350

Cited by 2 publications

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“…Several researchers have also conducted many studies by comparing PSC Cost recovery and PSC gross split. Research conducted by Buhori, Rokhim, and Wibowo (2018) shows that PSC cost recovery is more attractive to contractors, In other research, the results show that this gross split system provides higher cash flow results for contractors (Jumiati and Sismartono, 2018). An interesting research result was reported by Daniel (2017), which showed that using the gross split PSC system would be better without indirect tax.…”

Section: Introductionmentioning

confidence: 92%

Comparison of Gross Split Production Sharing Contract and Taxation Aspects for Economic Incentives in Indonesia

Permatasari¹,

Ambia²,

Kusrini³

et al. 2023

IJTech

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The objective of this study is to evaluate the comparison of economic incentives from the aspect of production sharing contract gross split, and taxation, especially to determine the balance of incentives that the government can provide either in taxation or additional discretion splits to contractors in the Alfa working area, which is an oil and gas operational work area located in Kalimantan. The method used in this study is a quantitative method, by performing calculations using a gross split profit sharing scheme to observe the economic comparison of Alfa working area without discretion, with additional discretion and a combination of tax percentages, with various combinations, it provides 25 (twenty-five) scenarios for economic calculations to the Alfa working area. Based on the economic calculation in Alfa's work area, the profitability index (PI) value is 1.09, where this value shows the minimum economic value of the contractor. Based on these scenarios, an economic analysis was obtained with a combination of indirect tax 0-100% and additional discretion split of 0-100%. According to the study's results, if the additional discretion incentive was less than 50%, the contractor's NPV value was negative. On the other hand, 75% discretion was given with indirect tax between 0-50%, and 100% discretion was offered. Through scenario simulation calculation with a PI target of 1.09, the optimum result was obtained with a balanced incentive amount at 50% indirect tax and an additional 92% split discretion.

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Section: Introductionmentioning

confidence: 92%

Comparison of Gross Split Production Sharing Contract and Taxation Aspects for Economic Incentives in Indonesia

Permatasari¹,

Ambia²,

Kusrini³

et al. 2023

IJTech

View full text Add to dashboard Cite

show abstract

“…A country's fiscal scheme is a consideration for contractors when investing in a country. The attractiveness of the fiscal scheme has a major impact on the investment decision of the contractor [4,7]. Therefore, a country's fiscal scheme is very important to assess the investment climate of a country's oil and gas industry [17].…”

Section: Introductionmentioning

confidence: 99%

A Comparison of Economics and Attractiveness of Fiscal System in Several Southeast Asian Countries : A Case Study of Three Oil And Gas Field in Indonesia

Martines,

Mardiana,

Rakhmanto

2023

Journal of Earth Energy Science, Engineering, and Technology

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The implementation of fiscal terms in the upstream oil and gas industry in a country is carried out with the hope of accelerating the decision-making process and making the attractiveness of upstream oil and gas investment more attractive to investors. This study evaluates fiscal terms in a country in a region used in Indonesia, Malaysia, Thailand, and Vietnam to determine the attractiveness of the fiscal terms. Using several indicators of government take (GT), front loading index (FLI), and composite score (CS), the fiscal attractiveness ranking of five fiscal schemes will be analyzed so that investors can consider which fiscal scheme is most attractive for their investment. The results of the economic analysis based on the economic indicators of IRR, NPV, POT, and PI show that the newly developed onshore, existing onshore, and offshore gas fields are included in the investment feasibility criteria with attractive economic values when applied with all fiscal schemes. While the ranking results with GT, FLI, and CS indicators show that Indonesia's gross split PSC has an attractive attractiveness when applied to newly developed onshore fields, R/C PSC on existing onshore fields, and Thailand’s concessions on offshore gas fields.

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Tantangan Keekonomian Kontrak Bagi Hasil Gross Split Dan Cost Recovery. Studi Kasus Lapangan Gas Offshore Di Sumatera Bagian Utara

Cited by 2 publications

References 0 publications

Comparison of Gross Split Production Sharing Contract and Taxation Aspects for Economic Incentives in Indonesia

Comparison of Gross Split Production Sharing Contract and Taxation Aspects for Economic Incentives in Indonesia

A Comparison of Economics and Attractiveness of Fiscal System in Several Southeast Asian Countries : A Case Study of Three Oil And Gas Field in Indonesia

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