1887

Abstract

Summary

This paper will evaluate and analyze the distribution of commercial reserves and development cost based on 95 offshore data projects to help Contractors to find the offshore area in Indonesia that has the highest commercial reserves and the lowest development cost.

The purpose of this paper is, to divide the geographical areas of Indonesia into 5 different areas (Natuna Sea, West Java Sea, East Java Sea, East Kal. - Makassar Strait and Arafura Sea). Then, to collect the data that related with commercial reserves and development cost and then the commercial reserves and development cost are calculated and distributed to those aforementioned areas.

Based on the analysis of 95 Projects (FDPs), Arafura Sea had the highest commercial reserves (1,273.38 MMBOE per Contract Area) and lowest development cost (9.92 US$/BOE), meanwhile East Java Sea had the lowest commercial reserves (48.68 MMBOE per Contract Area) and West Java Sea had the highest development cost (20.08 US$/BOE).

Based on analysis, the offshore area in eastern of Indonesia had the lowest development cost and the highest commercial reserves, which consequently mean that the offshore petroleum exploration activity should be done by contractors in eastern area of Indonesia.

Loading

Article metrics loading...

/content/papers/10.3997/2214-4609.201800319
2018-04-09
2024-03-29
Loading full text...

Full text loading...

References

  1. Lubiantara, Benny
    [2012] Ekonomi Migas. PT. Gramedia Widiasarana Indonesia, 39 – 96.
    [Google Scholar]
  2. Pudyantoro, Rinto
    [2013] A to Z Bisnis Hulu Migas. Petromindo, 125 – 201.
    [Google Scholar]
  3. Azizurrofi, A., Asnidar, ArildaS.W & Firdaus, R.R.
    [2017]. Meeting The Strategy Of Petroleum Exploration Based On Statistical Analysis Of Development Cost And Commercial Reserves In Indonesia. EAGE: 79th EAGE Conference & Exhibition 2017.
    [Google Scholar]
  4. ccop.or.th [2003] Plan of Development BPMIGAS (SKK Migas)http://www.ccop.or.th/ppm/document/INWS2/INWS2DOC09_endrarto.pdf
    [Google Scholar]
  5. skkmigas.go.id [2013] Profile. http://www.skkmigas.go.id/en/tentang-kami/profil
    [Google Scholar]
  6. eia.gov [2017] Cushing, OK WTI Spot Price FOB (Dollars per Barrel). https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=rwtc&f=a
    [Google Scholar]
  7. prokum.esdm.go.id [2001] Oil and Gas Law number 22 of 2001. http://prokum.esdm.go.id/uu/2001/uu-22-2001.pdf.
    [Google Scholar]
  8. prokum.esdm.go.id [2013] Presidential Regulation number 9 of 2013 the Government of the Republic of Indonesia. http://prokum.esdm.go.id/perpres/2013/Perpres%209%202013.pdf
    [Google Scholar]
  9. SKK Migas, 2015, Oil & Gas Map of Indonesian Working Areas – Internal Report.
    [Google Scholar]
  10. Plan of Development Monitoring Division of SKK Migas [2017] Plan of Development Monitoring Reports for Exploitation Working Area in Indonesia – Internal Report.
    [Google Scholar]
http://instance.metastore.ingenta.com/content/papers/10.3997/2214-4609.201800319
Loading
/content/papers/10.3997/2214-4609.201800319
Loading

Data & Media loading...

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error