Professional Documents
Culture Documents
by
Benny Lubiantara
BPMIGAS
DEFINITION
A marginal field is an oil field located within a producing
block that, under the current PSC terms and conditions, is
not economics to be developed.
BPMIGAS
BPMIGAS
Undeveloped Field
Field "A"
(producing)
Field "B"
(producing)
BPMIGAS
Type of Incentive
The Mechanism
5,000
US$ (000)
BPMIGAS
2005
2006
2007
2008
2009
2010
2011
2012
2013
(5,000)
(10,000)
IRR = 18.5%
(15,000)
Year
7
20%
IRR Cumulative
BPMIGAS
10%
0%
2005
2006
2007
2008
2009
2010
2011
2012
2013
-10%
-20%
IRR = 18.5%
-30%
-40%
10,000
5,000
2005
2006
2007
2008
2009
2010
2011
2012
2013
(5,000)
(10,000)
8
(15,000)
BPMIGAS
Incentive OFF
50%
IRR Cumulative if Incentive not OFF
IRR Cumulative
40%
30%
20%
10%
0%
2005
2006
2007
2008
2009
2010
2011
2012
2013
-10%
-20%
-30%
9
BPMIGAS
IRR Cumulative
Incentive "Off"
Incentive "On"
30%
15%
Year
10
Extreme - Case
BPMIGAS
IRR Cumulative
Incentive "On"
Incentive "Off"
30%
15%
Incentive "On"
Incentive "Off"
Year
11
Illutration
BPMIGAS
Marginal Field
( Realization)
Field "A"
(producing)
Marginal Field
( Initial Condition )
Field "B"
(producing)
12
Always On - Case
BPMIGAS
IRR Cumulative
30%
15%
Year
13
BPMIGAS
Procedure
PSC could register the candidates for marginal field by submitting the
summary of POD. BPMIGAS will response by sending the written answer no
longer than 10 working days.
2.
3.
14
BPMIGAS
Procedure
BPMIGAS
Procedure
16
BPMIGAS
Procedure
17
BPMIGAS
Thank You