Model PSC Cost Recovery

(Existing Split post Tax

No Parameter Satuan Gov:Contr = 75%:25%)

Original Cost

1 Produksi Gas BSCF

2 Produksi Minyak MSTB -
3 Harga Gas Rata-Rata Tertimbang US$/MMBTU #DIV/0!
4 Harga Minyak Rata-Rata Tertimbang US$/bbl -
5 Gross Rev MUS$ Err:509
6 FTP: MUS$ Err:509
Gov FTP / Gov Gross Share MUS$ Err:509
Contr FTP MUS$ Err:509
7 Pre-POD Reactivation Costs MUS$ -
8 Investment MUS$ Err:509
Tangible MUS$ Err:509
Intangible MUS$ Err:509
9 Opex+ASR MUS$ Err:509
Opex MUS$ Err:509
ASR MUS$ Err:509
10 Deductable Cost / Deductable Cost MUS$ Err:509
(% Gross Rev.) Err:509
11 Carry Forward Rec Cost / Deductable Cost MUS$ Err:509
(% Gross Rev.) Err:509
12 ETS (Equity to be Split) MUS$ Err:509
Contr Equity Share / Contr Rev MUS$ Err:509
Gov Equity Share MUS$ Err:509
13 Contractor Profitability: -
Net Contr. MUS$ Err:509
(% Gross Rev) Err:509
Total Contr. Net Cash Flow MUS$ Err:509
(% Gross Rev) Err:509
Contr NPV 2018 Forward MUS$ Err:509
Contr IRR 2018 Forward Err:509
Contr POT (yrs) -
Contr PV Ratio Forward MUS$ -
14 Gov Profitability: -
Gov FTP / Gov Gross Share MUS$ Err:509
Gov Equity Share MUS$ Err:509
Net DMO MUS$ Err:509
Tax MUS$ Err:509
GOI Take excl Indirect Tax MUS$ Err:509
(% Gross Rev) Err:509
PV GOI Take exc Ind Tax Forward MUS$ Err:509
Indirect Tax MUS$ -
(% Gross Rev) 0.00%
GOI Take incl Indirect Tax MUS$ -
(% Gross Rev) 0.00%
PV GOI Take incl Ind Tax Forward MUS$ -
del PSC Cost Recovery
xisting Split post Tax
ov:Contr = 75%:25%)

Evaluated Cost Original Cost

- Gross Revenue
- Err:509
-
-
-
- Contr. FTP
- Err:509
-
- Cost Recovery
- Err:509
-
- Contr. Equity
- Err:509
-
-
0.00% Contr. Share
- Err:509
0.00%
-
- Taxable Income
- Err:509
-
-
0.00% Net Contr. Share
-
0.00%
- Err:509
0.00%
-
-
- Contr. Take
- Err:509
-
-
-
-
0.00%
-
 -
0.00%
-
0.00%
-
 Model PSC Cost Recovery
(Existing Split post Tax Gov:Contr = 75%:25%)

Original Cost

Gross Revenue
Err:509

FTP GOI FTP

Err:509 Err:509

Cost Recovery
0.00

Equity to be Split GOI Equity

Err:509 Err:509

GOI Share
Err:509
DMO
Err:509

Tax
Err:509

GOI Take
Err:509

Inderect Tax
0.00

Err:509
5%:25%)

Evaluated Cost

Gross Revenue
0.00

Contr. FTP FTP GOI FTP

0.00 0.00 0.00

Contr. Equity Equity to be Split GOI Equity

0.00 0.00 0.00

Contr. Share GOI Share

0.00 0.00
DMO
0.00
Taxable Income
0.00
Tax
0.00
Net Contr. Share

0.00

Contr. Take GOI Take

0.00 0.00

Inderect Tax
0.00

OK
 Drilling

Produce Gas Sales Gas Drilling

Oil Rate LPG Rate Sunk Cost Drilling
Tahun Rate Rate Intang
(BPD) (MT/D) (M$) Tang (M$)
(MMSCFD) (MMSCFD) (M$)

2018 - -
2019 - - -
2020 - - -
2021 - - -
2022 - - -
2023 -
2024 -
2025 -
2026 -
2027 -
2028 -
2029 -
2030 -
2031 -
2032 -
2033 -
2034 -
2035 -
Jumlah - - -

STB
2018 365 - - -
2019 365 - - -
2020 366 - - -
2021 365 - - -
2022 365 - - -
2023 365 - - -
2024 366 -
2025 365 -
2026 365 - - -
2027 365 - - -
2028 366 - - -
2029 365 - -
2030 365 - - -
2031 365 - - -
2032 366 -
2033 365 -
2034 365 - - -
2035 365 - - -
- - -
- - -
- -
- -
- -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Drilling Surface Facility Surface Facility
Intang. Tang. Total Intang. Tang. Total
Total Total
Surface Surface Surface Surface Surface Surface
Drilling Intangible
Facility Facility Facilities Facility Facility Facilities
(M$) (M$)
(M$) (M$) (M$) (M$) (M$) (M$)
- - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - -
-
-
-
-
-
-
-
-
-
-
-
-
-
- - - - - - - -

- - 1
- - - 2
- - - 3
- - - 4
- - - 5
- - - 6
- - - 7
- - 8
- - 9
- - - - 10
- - - 11
- - - 12
- - - 13
- - - 14
- - - 15
 - - 16
- - 17
-
-
-
-
-
-

- 0
-
-
-
-
-
 Total Variable Fixed Opex Opex Opex+ASR Inv+Opex
Tangible PBB (M$) Opex ASR (M$)
(M$) (M$) (M$) (M$)
(M$) (M$)

- - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - - -
 General Parameter Amount Remark
1 Discount Factor 0.00%
2 Oil Price (US$/BBL) 0.000
3 Oil Price Escalation 0.00%
4 Opex (US$/bbl) 0 @2018 variable
5 Opex Escalation 0% /yr
6 ASR pre Escalation (MUSD) -
7 ASR Escalation 0% /yr

No. Fiscal Terms PSC CR Amount Remark

1 FTP 0% Not shared
2 Contr Gas Split post Tax 0.00% before
3 Contr Oil Split post Tax 0.00%
4 PSC Effective Tax 0.000%
5 Oil DMO Portion 0%
6 Oil DMO Fee 0%
7 DMO Holiday (yrs) 0 Only For New Oil

Depreciation
1 Drilling Oil Depreciation Factor 0%
2 Drilling Oil Depreciation Life, yrs 0
3 Facility Oil Depreciation Factor 0%
4 Facility Oil Depreciation Life, yrs 0
5 Drilling Gas Depreciation Factor 0%
6 Drilling Gas Depreciation Life, yrs 0
7 Facility Gas Depreciation Factor 0%
8 Facility Gas Depreciation Life, yrs 0

Oil Base
Oil Base Split before tax + Progresive
Split before Tax: variable GS
Gov : 0.00% 0.00%
Contr: 0.00% 0.00%

cumprod (MMBOE)
<30 0%
<=30x<=60 0% 30
 <=60x<=90 0% 60
<=90x<=125 0% 90
<=125x<=175 0% 125
>=175 0% 175
>=175
 Variable Split GS
Parameter Kondisi (Pilih Kondisi)
Penyesuaian Split
Block Status POD II dst 0.00%
Lokasi Lapangan Offshore (20<h<=50m) 0.00%
Kedalaman Reservoir > 2500 m 0.00%
Infrastruktur Well Develop 0.00%
Reservoir Condition Conventional 0.00%
CO2 5%<x<=10% 0.00%
H2S < 100 0.00%
SATISTIK
Specific Gravity Minyak (API) > 25 0.00%
Local Content 50%<=x<70% 0.00%
Production Phase Secondary 0.00%
Penyesuaian Split: 0.00%

Diskresi 0.00%
#NAME?
 Number Yearly Production Cum. Prod (MSTB)
Year Since Days Oil Price
(MSTB)
Project

STB STB US$/bbl

0
2019 1 365 - - 0
2020 2 366 - - 0
2021 3 365 - - 0
2022 4 365 - - 0
2023 5 365 - - 0
2024 6 366 - - 0
2025 7 365 - - 0
2026 8 365 - - 0
2027 9 365 - - 0
2028 10 366 - - 0
2029 11 365 - - 0
2030 12 365 - - 0
2031 13 365 - - 0
2032 14 366 - - 0
2033 15 365 - - 0
2034 16 365 - - 0
2035 17 365 - - 0
2036 18 366 - - 0
Jumlah - -

rev
ctr
gov take
cont take
Decline balance 25%

1 2 3
Cap
2019 -
2020 - - -
2021 - - - -
2022 - - - -
2023 - - - -
2024 - - -
2025 - -
 2026 -
2027 -
2028 -
2029 -
2030 -
2031 -
2032 -
2033 -
2034 -
2035 -
2036 -
Jumlah - - - -

IRR %: Err:523
NPV M US$ :
POT Year : -
PI :
 Recoverable Gas Gas Price,
Revenue Oil US$/MMBTU Revenue Gas Gross Rev FTP
(MMScf)

MUS$ MUS$ MUS$

- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - - - - -

- 100%
- #DIV/0!
- #DIV/0! -
- #DIV/0!
- #DIV/0!
Years
4 5 6 7 8 9

-
- -
- -
- -
- -
-

- - - - - -

600000

500000

400000
Yearly Prodcution (STB)

300000

200000

100000

0

Rev after FTP Drilling Drilling Total Surface
Intang Tang Drilling Facility Facility Facilities Facility Facility Facilities
MUS$ MUS$ MUS$
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Years
10 11 12
Intang. Tang. Total Intang. Tang. Total
Surface Surface Surface Surface Surface
MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
13 14 15 16 17 18 19
- - - - - - - - - -

Profil Produksi
Lapangan X
6000000
Yea rly
Production
(MSTB)

5000000

4000000

Cum. Prod (STB)

3000000

2000000

1000000

Year
 Total Variable Fixed
Total
Intangibl Tangible PBB Opex Opex ASR Opex Opex+AS Inv+Ope
e R x

MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$

- - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

20 21 22 23 24 25 26 27 28 29
- - - - - - - - - -
Depresia Cost to Cost Unrecov Equity ETS ETS FTP FTP
be Recover Pertami Govern Pertami Govern DMO
si ered To Split
Recover y na ment na ment

MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
-

30 Jumlah

-
-
-
-
-
-
-
 -
-
-
-
-
-
-
-
-
-
-
- -
 Net Cum
DMO Net Taxable Pertamina Pertamina GOI Take Cum GOI
Tax Pertami
Fee DMO Income Cashflow Take
na Share Take

MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - -

Err:523 2019 - -
2020 - -
2021 - -
2022 - -
2023 - -
2024 - -
2025 - -
2026 - -
2027 - -
2028 - -
2029 - -
2030 - -
2031 - -
2032 - -
2033 - -
2034 - -
2035 - -
2036 - -
Investasi

MUS$

-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Year Eskalasi ASR ALL
2018 0.02 -
2019 0.02 -
2020 0.02 -
2021 0.02 -
2022 0.02 -
2023 0.02 -
2024 0.02 -
2025 0.02 -
2026 0.02 -
2027 0.02 -
2028 0.02 -
2029 0.02 -
2030 0.02 -
2031 0.02 -
2032 0.02 -
2033 0.02 -
2034 0.02 -
2035 0.02 - -
0
No Parameter Satuan Cost Recovery

1 Produksi Gas BSCF

2 Produksi Minyak MSTB -
3 Harga Gas Rata-Rata Tertimbang US$/MMBTU #DIV/0!
4 Harga Minyak Rata-Rata Tertimbang US$/bbl -
5 Gross Rev MUS$ Err:509
6 FTP: MUS$ Err:509
Gov FTP / Gov Gross Share MUS$ Err:509
Contr FTP MUS$ Err:509
7 Sunk Cost MUS$ -
8 Investment MUS$ Err:509
Tangible MUS$ Err:509
Intangible MUS$ Err:509
9 Opex+ASR MUS$ Err:509
Opex MUS$ Err:509
ASR MUS$ Err:509
10 Deductable Cost / Deductable Cost MUS$ Err:509
(% Gross Rev.) Err:509
11 Carry Forward Rec Cost / Deductable Cost MUS$ Err:509
(% Gross Rev.) Err:509
12 ETS (Equity to be Split) MUS$ Err:509
Contr Equity Share / Contr Rev MUS$ Err:509
Gov Equity Share MUS$ Err:509
13 Contractor Profitability:
Net Contr. Share MUS$ Err:509
(% Gross Rev) Err:509
Total Contr. Net Cash Flow MUS$ Err:509
(% Gross Rev) Err:509
Contr NPV 2018 Forward MUS$ Err:509
Contr IRR 2018 Forward Err:509
Contr POT (yrs) -
Contr PV Ratio Forward MUS$ -
14 Gov Profitability:
Gov FTP / Gov Gross Share MUS$ Err:509
Gov Equity Share MUS$ Err:509
Net DMO MUS$ Err:509
Tax MUS$ Err:509
GOI Take MUS$ Err:509
(% Gross Rev) Err:509
PV GOI Take 2018 fwd MUS$ Err:509

Err:509
Err:509
No Parameter Satuan Cost Recovery

1 Produksi Gas BSCF -

2 Produksi Minyak MSTB 4,267.08
3 Harga Gas Rata-Rata Tertimbang US$/MMBTU #DIV/0!
4 Harga Minyak Rata-Rata Tertimbang US$/bbl 65.00
5 Gross Rev MUS$ 277,360.49
6 FTP: MUS$ 13,868.02
Gov FTP / Gov Gross Share MUS$ 5,166.52
Contr FTP MUS$ 8,701.51
7 Sunk Cost MUS$ -
8 Investment MUS$ 50,918.25
Tangible MUS$ 9,745.10
Intangible MUS$ 41,173.15
9 Opex+ASR MUS$ 138,924.54
Opex MUS$ 135,423.94
ASR MUS$ 3,500.60
10 Deductable Cost / Deductable Cost MUS$ 189,842.79
(% Gross Rev.) 68.45%
11 Carry Forward Rec Cost / Deductable Cost MUS$ -
(% Gross Rev.) -
12 ETS (Equity to be Split) MUS$ 73,649.68
Contr Equity Share / Contr Rev MUS$ 46,211.56
Gov Equity Share MUS$ 27,438.11
13 Contractor Profitability:
Contr Net Operating Profit MUS$ 35,007.08
(% Gross Rev) 12.62%
Total Contr Net Cash Flow MUS$ 35,007.08
(% Gross Rev) 12.62%
Contr NPV 2018 Forward MUS$ 12,348.75
Contr IRR 2018 Forward 23.12%
Contr POT (yrs) 5.04
Contr PV Ratio Forward MUS$ 0.29
14 Gov Profitability:
Gov FTP / Gov Gross Share MUS$ 5,166.52
Gov Equity Share MUS$ 27,438.11
Net DMO MUS$ -
Tax MUS$ 19,905.99
GOI Take excl Indirect Tax MUS$ 52,510.62
(% Gross Rev) 18.93%
PV GOI Take exc Ind Tax Forward MUS$ 25,362.06

Indirect Tax MUS$ 17,295.16

(% Gross Rev) 6.24%
GOI Take incl Indirect Tax MUS$ 69,805.78
(% Gross Rev) 25.17%
PV GOI Take incl Ind Tax Forward MUS$ 35,595.26