Economic Work Evaluation Of New Zone Behind Pipe Based On Psc Cost Recovery And Gross Split Contract In YL Field

Tania Indah Danastri; Alireza Manouchehr; Shamaamah Hajeera

doi:10.25299/jgeet.2024.9.2.15480

Authors

Tania Indah Danastri Petroleum Engineering Department, Amirkabir University of Technology, Havez Ave, Tehran, Iran.
Alireza Manouchehr Petroleum Engineering Department, Amirkabir University of Technology, Havez Ave, Tehran, Iran.
Shamaamah Hajeera Petroleum Engineering Department, Amirkabir University of Technology, Havez Ave, Tehran

DOI:

https://doi.org/10.25299/jgeet.2024.9.2.15480

Keywords:

New Zone Behind Pipe, PSC Cost Recovery, Gross Split, Economic Indicators

Abstract

Oil production in the YL field has decreased, to increase production work was carried out New Zone Behind Pipe (NZBP). For production results to benefit contractors and the government, this project was carried out by grab into account operating and investment costs following the standard cooperation contract system that applies in Indonesia. This study aimed to calculate the economic indicators of NPV, IRR, and POT based on the PSC system cost Recovery and system gross Split. Then determine which contract was feasible more or better by comparing the final results of the economic indicators of PSC contracts and economic indicators of contracts Gross Split. This study produced a comparison based on the system growth Split more wells were considered feasible, namely 6 of the 12 wells studied, with oil production above 2.65 MSTB to 9.71 MSTB, respectively the NPV, IRR, and POT values were 11.90 to 52, 5, 11% to 40%, 0 to 4.22 months. While the PSC system only 5 wells were considered feasible out of 12 wells, with oil production of 1.82 MSTB to 9.71, respectively the NPV, IRR, and POT values were 13.2 to 189.80, 11% to 156%, and 0 to 6.47 months. The system Gross Split was the best cooperation contract system to be applied to the YL field.

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