0 1 2 3 4 5 6 7 8 9

rate esc 5%
1 2 3 4 5 6 7 8 9 10
INPUT DATA
tahun 1 2 3 4 5 6 7 8 9 10
Prod.oil (MMbbl/Thn) 23.36 17.17 12.62 9.28 6.82 5.01
harga minyak $/bbl 21 22.05 23.15 24 25.52 26.8
Escalation 1 1.05 1.1025 1.157625 1.215506 1.276281563 1.340096 1.4071 1.477455 1.551328
Capital exp 7.5 42.7 101.4 161.8 10.1
Opex, MMUS$ 34 34 34 34 34 34
Escalation Capex, MMUSD 7.50 44.84 111.79 187.30 12.28
Escalation opex, MMUSD 41.32721 43.39357313 45.56325 47.84141 50.23349 52.74516
Escalasi Harga 25.52563 28.14200845 31.02321 33.77041 37.70466 41.5756
Gross revenue $MM 596.2787 483.1982851 391.513 313.3894 257.1458 208.2937

FTP
Gross revenue 596.2787 483.1982851 391.513 313.3894 257.1458 208.2937
Total FTP 119.2557 96.63965703 78.30259 62.67788 51.42916 41.65875
FTP to Company 57.36202 46.48367503 37.66355 30.14806 24.73743 20.03786

COST RECOVERY
Capex escalasi 7.5 44.835 111.7935 187.3037 12.27661
Tangible 4.5 26.901 67.0761 112.3822 7.365968
Depresiasi Tangible 0.9 6.2802 19.69542 47.79098 50.2463 49.3463
Intangible 3 17.934 44.7174 74.92149 4.910645
Opex 41.32721 43.39357313 45.56325 47.84141 50.23349 52.74516
Investmen Credit 0 0 0 0 0
Remaining Revenue 477.023 386.5586281 313.2104 250.7115 205.7166 166.635
Total cost to be recov 3 17.934 44.7174 74.92149 187.7107 49.67377313 65.25867 95.63239 100.4798 102.0915
Unrecoverable cost 140.5729 0 0 0 0 0
Cost Recovery 187.7107 49.67377313 65.25867 95.63239 100.4798 102.0915
Profitoil 289.3122 336.884855 247.9517 155.0791 105.2369 64.54353
PROFIT OIL SHARE.
Gross revenue 596.2787 483.1982851 391.513 313.3894 257.1458 208.2937
FTP 119.2557 96.63965703 78.30259 62.67788 51.42916 41.65875
Cost recovery 187.7107 49.67377313 65.25867 95.63239 100.4798 102.0915
Profitoil 289.3122 336.884855 247.9517 155.0791 105.2369 64.54353
Profit oil to Contractor 139.1592 162.0416152 119.2648 74.59306 50.61893 31.04544

TAX CALCULATION
FTP to Contractor 57.36202 46.48367503 37.66355 30.14806 24.73743 20.03786
Cost Recovery 0 0 0 0 0 0
Profit oil To contractor 139.1592 162.0416152 119.2648 74.59306 50.61893 31.04544
Total revenue Contrc to tax 196.5212 208.5252903 156.9283 104.7411 75.35635 51.08329
Depresiasi Tangible 0.9 6.2802 19.69542 47.79098 50.2463 49.3463
Intangible cap 3 17.934 44.7174 74.92149 4.910645 0 0 0 0 0
Opex 41.32721 43.39357313 45.56325 47.84141 50.23349 52.74516
Net Revenue -3 -17.934 -44.7174 -74.9215 149.3833 158.8515172 91.66964 9.10873 -25.1234 -51.0082
Cumulatif net Revenue -3 -20.934 -65.6514 -140.573 8.810459
Taxable income 8.810459 158.8515172 91.66964 9.10873 -25.1234 -51.0082
Tax (48%) 4.229021 76.24872823 44.00143 4.37219 -12.0592 -24.4839

NET CASH FLOW

Total Revenue Contrac 384.232 258.1990634 222.187 200.3735 175.8361 153.1748
Tax 4.229021 76.24872823 44.00143 4.37219 -12.0592 -24.4839
Total Capex 7.5 44.835 111.7935 187.3037 12.27661 0 0 0 0 0
Total Opex 41.32721 43.39357313 45.56325 47.84141 50.23349 52.74516
Total income after tax 380.0029 181.9503352 178.1856 196.0013 187.8954 177.6587
NCF Total -7.5 -44.853 -111.7935 -187.304 677.8493 138.556762 132.6223 148.1599 137.6619 124.9135
Cum NCF -7.5 -52.353 -164.147 -351.45 326.3991 464.9558708 597.5782 745.7381 883.4 1008.314
Disc Factor 1 1.1 1.21 1.331 1.4641 1.61051 1.771561 1.948717 2.143589 2.357948
NPV -7.5 -47.5936 -135.658 -264.05 462.9802 86.03284801 74.86183 76.02946 64.22029 52.97552
Cum NPV -7.5 -55.0936 -190.752 -454.802 8.178559 94.21140703 169.0732 245.1027 309.323 362.2985

NPV 408.932
IRR 66%
POT 4.518478 0.288565 -351.45 4
PIR 3.490784 0x
DPIR 1.124339 326.3991 5
27%
 10

11

11
4.68
28.4
1.628895

34
0.480769
55.38242
46.26061 0.480769
216.4996

216.4996
43.29993
20.82727

218.2253 31.17504
43.9661 218.2253

55.38242
0
173.1997
99.34852
0
99.34852
73.8512
216.4996
43.29993
99.34852
73.8512
35.52242

20.82727
0 0
35.52242
56.34969
43.9661 218.2253
0 218.2253
55.38242
-42.9988

-42.9988
-20.6394

155.6982
-20.6394
0
55.38242
176.3376
120.9552
1129.269
2.593742
46.63348
408.932
351.4502 x-4
677.8493 1

0.518478 x-4

x 4.518478
 0 1 2 3 4 5 6 7 8 9
rate esc 5%
1 2 3 4 5 6 7 8 9 10
INPUT DATA
tahun 1 2 3 4 5 6 7 8 9 10
Prod.oil (MMbbl/Thn) 116.8 85.85 63.1 46.4 34.1 25.05
harga minyak $/bbl 21 22.05 23.15 24 25.52 26.8
Escalation 1 1.05 1.1025 1.157625 1.215506 1.276281563 1.340096 1.4071 1.477455 1.551328
Capital exp 7.5 42.7 101.4 161.8 10.1
Opex, MMUS$ 34 34 34 34 34 34
Escalation Capex, MMUSD 7.50 44.84 111.79 187.30 12.28
Escalation opex, MMUSD 41.32721 43.39357313 45.56325 47.84141 50.23349 52.74516
Escalasi Harga 25.52563 28.14200845 31.02321 33.77041 37.70466 41.5756
Gross revenue $MM 2981.394 2415.991426 1957.565 1566.947 1285.729 1041.469

FTP
Gross revenue 2981.394 2415.991426 1957.565 1566.947 1285.729 1041.469
Total FTP 596.2787 483.1982851 391.513 313.3894 257.1458 208.2937
FTP to Company 286.8101 232.4183752 188.3177 150.7403 123.6871 100.1893

COST RECOVERY
Capex escalasi 7.5 44.835 111.7935 187.3037 12.27661
Tangible 4.5 26.901 67.0761 112.3822 7.365968
Depresiasi Tangible 0.9 6.2802 19.69542 47.79098 50.2463 49.3463
Intangible 3 17.934 44.7174 74.92149 4.910645
Opex 41.32721 43.39357313 45.56325 47.84141 50.23349 52.74516
Investmen Credit 0 0 0 0 0
Remaining Revenue 2385.115 1932.793141 1566.052 1253.558 1028.583 833.1749
Total cost to be recov 3 17.934 44.7174 74.92149 187.7107 49.67377313 65.25867 95.63239 100.4798 102.0915
Unrecoverable cost 140.5729 0 0 0 0 0
Cost Recovery 187.7107 49.67377313 65.25867 95.63239 100.4798 102.0915
Profitoil 2197.404 1883.119367 1500.793 1157.925 928.1034 731.0835
PROFIT OIL SHARE.
Gross revenue 2981.394 2415.991426 1957.565 1566.947 1285.729 1041.469
FTP 596.2787 483.1982851 391.513 313.3894 257.1458 208.2937
Cost recovery 187.7107 49.67377313 65.25867 95.63239 100.4798 102.0915
Profitoil 2197.404 1883.119367 1500.793 1157.925 928.1034 731.0835
Profit oil to Contractor 1056.951 905.7804157 721.8815 556.962 446.4177 351.6512

TAX CALCULATION
FTP to Contractor 286.8101 232.4183752 188.3177 150.7403 123.6871 100.1893
Cost Recovery 187.7107 49.67377313 65.25867 95.63239 100.4798 102.0915
Profit oil To contractor 1056.951 905.7804157 721.8815 556.962 446.4177 351.6512
Total revenue Contrc to tax 1343.762 1138.198791 910.1993 707.7023 570.1049 451.8404
Depresiasi Tangible 0.9 6.2802 19.69542 47.79098 50.2463 49.3463
Intangible cap 3 17.934 44.7174 74.92149 4.910645 0 0 0 0 0
Opex 41.32721 43.39357313 45.56325 47.84141 50.23349 52.74516
Net Revenue -3 -17.934 -44.7174 -74.9215 1296.624 1088.525018 844.9406 612.0699 469.6251 349.749
Cumulatif net Revenue -3 -20.934 -65.6514 -140.573 1156.051
Taxable income 1156.051 1088.525018 844.9406 612.0699 469.6251 349.749
Tax (48%) 554.9044 522.4920085 405.5715 293.7936 225.42 167.8795

NET CASH FLOW

Total Revenue Contrac 1343.762 1138.198791 910.1993 707.7023 570.1049 451.8404
Tax 554.9044 522.4920085 405.5715 293.7936 225.42 167.8795
Total Capex 7.5 44.835 111.7935 187.3037 12.27661 0 0 0 0 0
Total Opex 41.32721 43.39357313 45.56325 47.84141 50.23349 52.74516
Total income after tax 788.8571 615.7067824 504.6278 413.9088 344.6848 283.9609
NCF Total -7.5 -44.853 -111.7935 -187.304 1086.704 572.3132092 459.0645 366.0674 294.4513 231.2158
Cum NCF -7.5 -52.353 -164.147 -351.45 735.2533 1307.56653 1766.631 2132.698 2427.15 2658.366
Disc Factor 1 1.1 1.21 1.331 1.4641 1.61051 1.771561 1.948717 2.143589 2.357948
NPV -7.5 -47.5936 -135.658 -264.05 742.2331 355.3614751 259.13 187.8504 137.3637 98.05806
Cum NPV -7.5 -55.0936 -190.752 -454.802 287.4315 642.7929622 901.9229 1089.773 1227.137 1325.195

NPV 1417.036
IRR 114%
POT 4.323409 0.179997 -351.45 4
PIR 8.953866 0x
DPIR 3.896071 735.2533 5
68%
 10

11

11
23.4
28.4
1.628895

34
0.480769
55.38242
46.26061 0.480769
1082.498

1082.498
216.4996
104.1363

218.2253 31.17504
43.9661 218.2253

55.38242
0
865.9986
99.34852
0
99.34852
766.6501
1082.498
216.4996
99.34852
766.6501
368.7587

104.1363
99.34852 0
368.7587
472.895
43.9661 218.2253
0 218.2253
55.38242
373.5465

373.5465
179.3023

472.895
179.3023
0
55.38242
293.5927
238.2103
2896.576
2.593742
91.84037
1417.036
351.4502 x-4
1086.704 1

0.323409 x-4

x 4.323409
thn tangible total pembayaran
0 4.5
1 26.901
2 67.0761
3 112.3822
4 7.365968 0.9 0.9
5 0.9 5.3802 6.2802
6 0.9 5.3802 13.41522 19.69542
7 0.9 5.3802 13.41522 28.09556 47.79098
8 0.9 5.3802 13.41522 28.09556 2.455323 50.2463
9 5.3802 13.41522 28.09556 2.455323 49.3463
10 13.41522 28.09556 2.455323 43.9661
Total

sum hor
4.5 26.901 67.0761 112.3822 7.365968 218.2253 218.2253
sum vertikal