Diketahui

investasi awal 600000 $

biaya operasi 8 $/barrel
Depresiasi 5 tahun
pajak 44%
FTP 20%
Bagi Hasil pemerintah 80%
kontraktor 20%
DMO 60 bulan
harga minyak 75 $/barrel

Tahun Q (bpd) Revenue FTP GR after FTP

0 -
1 6000 164250 32850 131400
2 9000 246375 49275 197100
3 13000 355875 71175 284700
4 13000 355875 71175 284700
5 13000 355875 71175 284700
6 13000 355875 71175 284700
7 13000 355875 71175 284700
8 12000 328500 65700 262800
9 12000 328500 65700 262800
10 12000 328500 65700 262800
11 12000 328500 65700 262800
12 12000 328500 65700 262800
13 12000 328500 65700 262800
14 11000 301125 60225 240900
15 9500 260062.5 52012.5 208050
16 8000 219000 43800 175200
17 6000 164250 32850 131400
18 5000 136875 27375 109500
19 4000 109500 21900 87600
20 3000 82125 16425 65700
 Non Capital 30%
Capital 70%
Faktor Depresiasi 50%
% CT =
% GT =

25%

Cost Recovery
Depresiasi Non Capital Operation (per 1000bbl) Total

420000
210000 180000 17520 407520
105000 0 26280 131280
52500 0 37960 90460
26250 0 37960 64210
26250 0 37960 64210
0 37960 37960
0 37960 37960
0 35040 35040
0 35040 35040
0 35040 35040
0 35040 35040
0 35040 35040
0 35040 35040
0 32120 32120
0 27740 27740
0 23360 23360
0 17520 17520
0 14600 14600
0 11680 11680
0 8760 8760
 180000
420000

(Pc/1-%Pajak) = 0.357142857
100%-%CT = 0.642857143

ery Contracto
Recovered Unrecovered ETS FTP C Equity

131400 276120 0 11732.14 0.00

131280 0 65820 17598.21 23507.14
90460 0 194240 25419.64 69371.43
64210 0 220490 25419.64 78746.43
64210 0 220490 25419.64 78746.43
37960 0 246740 25419.64 88121.43
37960 0 246740 25419.64 88121.43
35040 0 227760 23464.29 81342.86
35040 0 227760 23464.29 81342.86
35040 0 227760 23464.29 81342.86
35040 0 227760 23464.29 81342.86
35040 0 227760 23464.29 81342.86
35040 0 227760 23464.29 81342.86
32120 0 208780 21508.93 74564.29
27740 0 180310 18575.89 64396.43
23360 0 151840 15642.86 54228.57
17520 0 113880 11732.14 40671.43
14600 0 94900 9776.79 33892.86
11680 0 75920 7821.43 27114.29
8760 0 56940 5866.07 20335.71
 Contractor Cash Flow
Volume DMO DMO Fee DMO Net Total C Take Cash In Cash Outt

600000
0.0 0 0 143132.14 143132.14 22682.14
0.0 0 0 172385.36 172385.36 44366.36
0.0 0 0 185251.07 185251.07 79668.07
0.0 0 0 168376.07 168376.07 83793.07
0.0 0 0 168376.07 168376.07 83793.07
423.7 7943.64 23830.91518 127670.16 127670.16 77432.47
423.7 7943.64 23830.91518 127670.16 127670.16 77432.47
391.1 7332.59 21997.76786 117849.38 117849.38 71476.13
391.1 7332.59 21997.76786 117849.38 117849.38 71476.13
391.1 7332.59 21997.76786 117849.38 117849.38 71476.13
391.1 7332.59 21997.76786 117849.38 117849.38 71476.13
391.1 7332.59 21997.76786 117849.38 117849.38 71476.13
391.1 7332.59 21997.76786 117849.38 117849.38 71476.13
358.5 6721.54 20164.62054 108028.59 108028.59 65519.78
309.6 5804.97 17414.89955 93297.42 93297.42 56585.27
260.7 4888.39 14665.17857 78566.25 78566.25 47650.75
195.5 3666.29 10998.88393 58924.69 58924.69 35738.06
162.9 3055.25 9165.736607 49103.91 49103.91 29781.72
130.4 2444.20 7332.589286 39283.13 39283.13 23825.38
97.8 1833.15 5499.441964 29462.34 29462.34 17869.03
Cash Flow Goverment
Net Cash Flow FTP G Equity Tax Total G Take

-600000
120450.00 21117.86 0 5162.14 26280.00
128019.00 31676.79 42312.8571 18086.36 92076.00
105583.00 45755.36 124868.571 41708.07 212332.00
84583.00 45755.36 141743.57 45833.07 233332.00
84583.00 45755.36 141743.57 45833.07 233332.00
50237.69 45755.36 158618.57 39472.47 243846.40
50237.69 45755.36 158618.57 39472.47 243846.40
46373.25 42235.71 146417.14 36436.13 225088.98
46373.25 42235.71 146417.14 36436.13 225088.98
46373.25 42235.71 146417.14 36436.13 225088.98
46373.25 42235.71 146417.14 36436.13 225088.98
46373.25 42235.71 146417.14 36436.13 225088.98
46373.25 42235.71 146417.14 36436.13 225088.98
42508.81 38716.07 134215.71 33399.78 206331.57
36712.16 33436.61 115913.57 28845.27 178195.44
30915.50 28157.14 97611.43 24290.75 150059.32
23186.63 21117.86 73208.57 18218.06 112544.49
19322.19 17598.21 61007.14 15181.72 93787.08
15457.75 14078.57 48805.71 12145.38 75029.66
11593.31 10558.93 36604.29 9109.03 56272.25
 NPV (Net Present Value) = PV benefit - PV cost
Cost dan benefit dibawa ke present
BCR (Benefit Cost Ratio) = PV benefit / PV cost
Cost dan benefit dibawa ke periode yang sama

IRR (Internal Rate of Return) =

Untuk mencari MARR (Minimum Attractive Rate of Returm)