Valuation of Production Sharing Contract Cost Recovery Vs Gross Split in Earth Oil and Gas Cooperation Contracts in Indonesia and The Aspect of Public Service

Rulandari, Novianita; Rusli, Budiman; Mirna, Ryta; Nurmantu, Safri; Setiawan, Muhammad Ikhsan

doi:10.1088/1742-6596/1114/1/012132

Cited by 10 publications

(9 citation statements)

References 2 publications

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“…Then Muhammad Ariyono and Eka Kusuma Dewi [14], stated that the PSC Gross Split contract research gave better results compared to the PSC Cost Recovery contract. Furthermore, Novianita Rulandari et al, [15] explained that with the PSC Gross Split method the procurement process carried out by contractors to subcontractors is simpler, there is no need for the approval process by SKK Migas, because all oil and gas operating costs are the full responsibility of the contractor and subcontractor. The more efficient and the greater the profit that can be obtained by the contractor or subcontractor.…”

Section: Based On the Minister Of Energy And Mineralmentioning

confidence: 99%

Analysis of Changes in Cost Recovery Scheme towards Split Gross in Oil and Gas Companies in ETB Field

Karisma¹,

Nengzih²

2021

Saudi J Econ Fin

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This study aims to determine the analysis of changes in the cost recovery scheme against the gross split of oil and gas companies in the ETB field. Based on previous research, it can be seen that the comparative analysis of the Change in Cost Recovery Scheme to the Gross Split has found that the Gross Split Scheme is superior to the Cost Recovery Scheme. This study took the population and samples from PT Pertamina, the ETB Field subcontractor. These results indicate that Product Sharing Contract (PSC) Gross Split is considered to be superior compared to PSC Cost Recovery and is feasible to implement because this indicator shows a fairly good sensitivity.

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Section: Based On the Minister Of Energy And Mineralmentioning

confidence: 99%

Analysis of Changes in Cost Recovery Scheme towards Split Gross in Oil and Gas Companies in ETB Field

Karisma¹,

Nengzih²

2021

Saudi J Econ Fin

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“…d. To encourage the contractor to manage their operating and investment costs based on the corporate financial system, not the state financial system. (Rulandari, 2018) suggests that the Gross Split PSC scheme is a profit sharing scheme adopting a sliding scale split system where the amount of profit sharing can change throughout the contract period. Profit sharing between the government and contractors is regulated through the base split which is then adjusted for the variable and progressive components.…”

Section: B Gross Split Psc Schemementioning

confidence: 99%

Analysis on the Proportion of Oil and Gas Profit Sharing Under the Cost Recovery PSC and Gross Split PSC Schemes

Katiandago¹,

Rahayu²

2021

IJSRP

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Since 2017, Indonesian upstream oil and gas business is managed using the Gross Split PSC scheme to replace the old scheme, namely Cost Recovery PSC. The reason behind this is because the amount of cost recovery exceeds the total profit sharing from state oil and gas revenues. However, it turns out that the Gross Split PSC scheme is less attractive to oil and gas contractors as in the Gross Split PSC scheme the contractor's total profit sharing drops significantly. As the result, in 2020 the Government reverted to the Cost Recovery PSC scheme to give oil and gas contractors a choice of using the PSC scheme. Therefore, this study aims to analyze the proportion of oil and gas production sharing between the Government and Oil and Gas Contractors through the Cost Recovery PSC scheme and the Gross Split PSC scheme. In the analysis of this issue, has been used the production data belonging to one of the Oil and Gas Contractors, namely BUT (Permanent Establishment) ABC Ltd.. This study is a qualitative study to get an in-depth picture of the phenomenon of the proportion of share of oil and gas production between the Government and the Oil and Gas Contractor through Cost Recovery PSC scheme and Gross Split PSC scheme. The data is collected through literature studies and field studies by conducting interviews with relevant stakeholders. The result of this study indicates that in the Gross Split PSC scheme the contractor gets a smaller profit share when compared to the Cost Recovery PSC scheme as in the Gross Split PSC scheme there is no return of operating costs as contained in the Cost Recovery PSC scheme.

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“…Fundamental analysis looks at the development of financial ratios in terms of solvency, liquidity, profitability and corporate financial policy in investing and financing. In addition, the development of performance and dividend policy complements fundamental analysis (Rulandari et al, 2018;Sofyan, 2016).…”

Section: Introductionmentioning

confidence: 99%

The Effect of Return on Asset (ROA), Debt to Equity Ratio (DER), Earning per Share (EPS), Total Asset Turnover (TATO) and Exchange Rate on Stock Return of Property and Real Estate Companies at Indonesia Stock Exchange Period 2012-2017

Sausan¹,

Korawijayanti²,

Ciptaningtias³

2020

ijtc

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This research aims to analyze the effect of Return On Asset (ROA), Debt to Equity Ratio (DER), Earning Per Share (EPS), Total Asset Turnover (TATO) and Exchange Rate on Stock Return of Property and Real Estate Companies at Indonesia Stock Exchange period 2012-2017. The sample of this research is consists of 21 property and real estate companies with 6 years period so a total of sample is 126 samples. Sources data is secondary data. The data analysis method in this research is used Multiple Linear Regression. The result shows that Debt to Equity Ratio (DER), Total Asset Turnover (TATO) and Exchange rate of Rupiah/US Dollar partially has got a significant effect on stock return while Return On Asset (ROA) and Earning Per Share (EPS) partially has got an insignificant effect on stock return, its mean Return On Asset (ROA) and Earning Per Share (EPS) can’t be determinant of stock return to investors who want to invest in the capital market.

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Valuation of Production Sharing Contract Cost Recovery Vs Gross Split in Earth Oil and Gas Cooperation Contracts in Indonesia and The Aspect of Public Service

Cited by 10 publications

References 2 publications

Analysis of Changes in Cost Recovery Scheme towards Split Gross in Oil and Gas Companies in ETB Field

Analysis of Changes in Cost Recovery Scheme towards Split Gross in Oil and Gas Companies in ETB Field

Analysis on the Proportion of Oil and Gas Profit Sharing Under the Cost Recovery PSC and Gross Split PSC Schemes

The Effect of Return on Asset (ROA), Debt to Equity Ratio (DER), Earning per Share (EPS), Total Asset Turnover (TATO) and Exchange Rate on Stock Return of Property and Real Estate Companies at Indonesia Stock Exchange Period 2012-2017

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