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Mandala Block is one of the oil and gas working area terminated in 2018. In the Production Sharin... more Mandala Block is one of the oil and gas working area terminated in 2018. In the Production Sharing Contract (PSC) extension, the government has stated Mandala Block to apply the Gross Split PSC based on Minister of Energy and Mineral Resources Regulation No.52/2018 and the Operator has been granted to PT NOC as National Oil Company. Change in PSC regime from Cost Recovery to Gross Split in Mandala Block should ensure the investment activities and oil & gas operation remain profitable so that the oil and gas production will not decline after contract termination. The purpose of this study is to evaluate the investment feasibility in Mandala Block under the Gross Split scheme during its PSC extension. As comparison, we also assess an economic performance of Mandala Block when the Cost Recovery PSC is applied. This is to understand whether change in PSC regulation from Cost Recovery to Gross Split is more attractive for the Contractor or it makes profitability of the Contractor worse t...
Mandala Block is one of the oil and gas working area terminated in 2018. In the Production Sharin... more Mandala Block is one of the oil and gas working area terminated in 2018. In the Production Sharing Contract (PSC) extension, the government has stated Mandala Block to apply the Gross Split PSC based on Minister of Energy and Mineral Resources Regulation No.52/2018 and the Operator has been granted to PT NOC as National Oil Company. Change in PSC regime from Cost Recovery to Gross Split in Mandala Block should ensure the investment activities and oil & gas operation remain profitable so that the oil and gas production will not decline after contract termination. The purpose of this study is to evaluate the investment feasibility in Mandala Block under the Gross Split scheme during its PSC extension. As comparison, we also assess an economic performance of Mandala Block when the Cost Recovery PSC is applied. This is to understand whether change in PSC regulation from Cost Recovery to Gross Split is more attractive for the Contractor or it makes profitability of the Contractor worse t...