Opt Cost 5 Capital 0.6 Tax 0.

25
Oil Price 60 Non Cap 0.4
Tahun 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Prod (MMBO) 0.00 0.00 0.00 0.00 23.36 17.17 12.62 9.28 6.82 5.01 4.68 4.50 4.40 4.30 4.20
Invest (MM$) 7.50 42.70 101.40 1618.00 10.10

10%
Prod Invest Opex Gross % Share % Share Contrc Lost Carry Taxable Contrc Take Cum Cash IRR 27%
Tahun Depresiasi GOI Split Cost Rec Net Rev Tax GOI take Cash Flow Disc Factor NPV CUM NPV
(MMBO) Tangible Intagible (MM$) Rev Contr GOI Split Forward Income (After Tax) Flow DPIR 0.42404486
0 1 0.00 4.50 3.00 0 0 0.00% 0.00% 0 0 3.00 -3.00 -3.00 0 0 0 0 -7.50 -7.50 1 -7.5 -7.5 PIR 1.23615483
1 2 0.00 25.62 17.08 0 0 0.00% 0.00% 0 0 17.08 -17.08 -20.08 0 0 0 0 -42.70 -50.20 0.90909091 -38.8181818 -46.32
2 3 0.00 60.84 40.56 0 0 0.00% 0.00% 0 0 40.56 -40.56 -60.64 0 0 0 0 -101.40 -151.60 0.82644628 -83.8016529 -130.12
3 4 0.00 970.80 647.20 0 0 0.00% 0.00% 0 0 647.20 -647.20 -707.84 0 0 0 0 -1618.00 -1769.60 0.7513148 -1215.62735 -1345.75
4 5 23.36 6.06 4.04 0.90 116.8 1401.6 91.25% 8.75% 1278.96 122.64 121.74 1157.22 449.38 449.38 112.345 337.04 234.985 1039.72 -729.89 0.68301346 710.139335 -635.61
5 6 17.17 5.84 85.85 1030.2 90.25% 9.75% 929.7555 100.4445 91.69 838.06 838.06 209.5154 628.55 309.95988 634.39 -95.49 0.62092132 393.906356 -241.70
6 7 12.62 16.84 63.1 757.2 90.25% 9.75% 683.373 73.827 79.94 603.43 603.43 150.8575 452.57235 224.68445 469.42 373.92 0.56447393 264.97284 23.27
7 8 9.28 207.63 46.4 556.8 89.25% 10.75% 496.944 59.856 254.03 242.91 242.91 60.72736 182.18208 120.58336 389.82 763.74 0.51315812 200.037573 223.31
8 9 6.82 168.79 34.1 409.2 89.25% 10.75% 365.211 43.989 202.89 162.32 162.32 40.5792 121.74 84.568198 290.53 1054.27 0.46650738 135.53523 358.84
9 10 5.01 141.96 25.05 300.6 89.25% 10.75% 268.2855 32.3145 167.01 101.28 101.28 25.31988 75.959649 57.634383 217.92 1272.18 0.42409762 92.4174942 451.26
10 11 4.68 125.11 23.4 280.8 89.25% 10.75% 250.614 30.186 148.51 102.11 102.11 25.52708 76.581252 55.713084 201.69 1473.87 0.38554329 77.759037 529.02
11 12 4.50 398.26 22.5 270 89.25% 10.75% 240.975 29.025 420.76 -179.79 -179.79 0.00 0 0 29.025 218.48 1692.35 0.3504939 76.5741547 605.59
12 13 4.40 2.48 22 264 89.25% 10.75% 235.62 28.38 24.48 211.14 31.35 31.35 7.83815 23.51445 36.21815 205.78 1898.13 0.31863082 65.5684391 671.16
13 14 4.30 21.5 258 87.25% 12.75% 225.105 32.895 21.50 203.61 203.61 50.90125 152.70375 83.79625 152.70 2050.83 0.28966438 44.232837 715.40
14 15 4.20 21 252 87.25% 12.75% 219.87 32.13 21.00 198.87 198.87 49.7175 149.1525 81.8475 149.15 2199.98 0.26333125 39.2765149 754.67
Share Kontraktor Oil = Base Split + Variabel Split + Progressive Split
Harga Oil 60 Sensitivitas
Kumulatif Produksi Share Terkoreksi Share Terkoreksi Share Kontr 1
Tahun Produksi Harga
(MMSTB) dari Kum Prod Dari Harga From Oil
1 0.00 0.00 0.00% Jumlah Kumulatif < 30 10%
2 0.00 0.00 0.00% Produksi Minyak dan 30 ≤ x < 60 9%
3 0.00 0.00 0.00% Gas Bumi (MMBOE) 60 ≤ x < 90 8%
4 0.00 0.00 0.00% 90 ≤ x< 125 6%
5 23.36 23.36 10.00% 60.00 6.25% 91.250% 125 ≤ x < 175 4%

Progressive Split
6 17.17 40.53 9.00% 60.00 6.25% 90.250% ≥ 175 0%
7 12.62 53.15 9.00% 60.00 6.25% 90.250%
8 9.28 62.43 8.00% 60.00 6.25% 89.250% Harga Minyak Bumi (%)(85-ICP)*0.25
9 6.82 69.25 8.00% 60.00 6.25% 89.250%
10 5.01 74.26 8.00% 60.00 6.25% 89.250% Harga Gas Bumi (%) <7 (7 - Harga Gas Bumi)*2.5
11 4.68 78.94 8.00% 60.00 6.25% 89.250% 7 − 10 0
12 4.50 83.44 8.00% 60.00 6.25% 89.250% > 10 (10 - Harga Gas Bumi)*2.5
13 4.40 87.84 8.00% 60.00 6.25% 89.250%
14 4.30 92.14 6.00% 60.00 6.25% 87.250%
15 4.20 96.34 6.00% 60.00 6.25% 87.250%
 Depresiasi =

o Straightline = Investasi/tahun depresiasi

o Decline = 1/tahun depresiasi *investasi tangible (tahun selanjutnya pakai sisanya)

o Double decline = 2/tahun depresiasi *investasi tangible (tahun selanjutnya pakai sisanya)

 OPEX = Produksi x Operating cost

 Gross Revenue = Oil Price x Produksi

 Contractor Split = Gross Revenue x Share Contractor From oil(%)

 GOI Split = Gross Revenue x Share GOI

 Cost Recovery = Intangible +Depresiasi + Opex

 Net Revenue = Contractor Split – Cost Recovery

 Lost Carry forward = Cummulative Net Revenue (catatan=hingga nilai positif, nilai positifnya dimasukkan ke taxable income)

 Taxable Income =nilai positif pertamanya lost carry forward, selanjutnya dari nilai net revenue (jika lost carry forward bernilai negative,

taxable incomenya = 0 )

 Tax = taxable income x Tax dari soal

 Contractor take (After Tax) = Taxable Income – Tax

 GOI Take = GOI Split + TAX

 Cash Flow = Contractor Split – Intangible – Tangible – Opex – TAX

 Cumm Cashflow

 Discount Factor = 1/((1+Disc. Rate)^tahun))  catatan tahun dimulai dari 0 (tahun 1 jadi tahun 0)

 NPV = Cash Flow x Discount Factor

 Cummulative NPV