Sumur Gas Marginal Untuk Ketahanan Energi Nasional: Prospek dan Tantangan Monetisasi

Fitriono, Teguh (2021) Sumur Gas Marginal Untuk Ketahanan Energi Nasional: Prospek dan Tantangan Monetisasi. Masters thesis, Institut Teknologi Sepuluh Nopember.

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Abstract

Cadangan gas alam Indonesia saat ini mencapai lima kali cadangan
minyak bumi Indonesia. Sumur–sumur gas marginal yang cukup banyak tersebar
di daerah pulau Sumatera, Jawa dan Kalimantan dari sekian banyak sumur gas
marginal tersebut masih banyak yang belum dimanfaatkan secara maksimal hal ini
dikarenakan dalam pengembangannya diperlukan biaya investasi yang cukup besar.
Monetisasi dan pemanfaatan gas bumi menjadi salah satu kunci penggerak
ekonomi, baik untuk sektor industri maupun rumah tangga.
PT. X dalam hal ini perusahaan swasta nasional yang bergerak di bidang
EPC dan investasi mendapatkan kesempatan untuk menjajaki peluang investasi
pembangunan CNG Mother Station kapasitas 3.5 MMSCFD dengan skema Build,
Operate and Owned (BOO) selama 10 tahun yang di tawarkan oleh Perusahaan
Migas Nasional. Dalam kondisi ini, perlu kajian teknis dan keuangan yang
komprehensif untuk menentukan apakah layak atau tidak investasi ini dilaksanakan.
Penelitian ini menggunakan pendekatan income dengan metode Discounted Cash
Flow untuk mengevaluasi rencana investasi pembangunan CNG Mother Station di
Jawa Tengah. Hasil penelitian menunjukkan bahwa dengan ratio pinjaman 70% dan
equity 30% menghasilkan kinerja investasi Net Present Value (NPV) $3.742.392,
Periode Pengembalian (PP) selama 4.14 tahun dan Tingkat Pengembalian Internal
(IRR) adalah 25.90%. Berdasarkan analisis sensitivitas pada penurunan kapasitas
dan harga jual CNG ± 10%, nilai IRR masih di atas discount rate 10.03% dan nilai
NPV > 0.
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Indonesia's natural gas reserves currently reach five times Indonesia's
petroleum reserves. Marginal gas wells are quite widely spread in the island of
Sumatra, Java and Kalimantan from the many marginal gas wells are still widely
untapped because in its development a considerable investment cost is required.
Monetization and utilization of natural gas is one of the key drivers of the economy,
both for the industrial sector and households.
PT. X in this case is national private company engaged in EPC and
investment get the opportunity to explore investment opportunities for the
construction of CNG Mother Station capacity of 3.5 MMSCFD with build, operate
and owned (BOO) scheme for 10 years offered by National Oil Company. In these
conditions, a comprehensive technical and financial review is needed to determine
whether or not this investment is feasible. This research uses income approach with
Discounted Cash Flow method to evaluate the investment plan of CNG Mother
Station development in Central Java. The results showed that with a loan ratio of
70% and equity of 30% resulted in a Net Present Value (NPV) investment
performance of $3.742.392, a Return Period (PP) of 4.14 years and an Internal
Return Rate (IRR) of 25.90%. Based on sensitivity analysis on CNG ± 10%
decrease in capacity and selling price, IRR value is still above 10.03% discount rate
and NPV value > 0

Item Type:	Thesis (Masters)
Uncontrolled Keywords:	Build Operate and Owned, Monetisasi, Natural Gas, CNG Mother Station, Build Operate and Owned, Monetization, Natural Gas, CNG Mother Station
Subjects:	H Social Sciences > HG Finance > HG4529 Investment analysis
Divisions:	Faculty of Creative Design and Digital Business (CREABIZ) > Technology Management > 61101-(S2) Master Thesis
Depositing User:	Teguh Fitriono
Date Deposited:	09 Mar 2021 06:17
Last Modified:	09 Mar 2021 06:17
URI:	http://repository.its.ac.id/id/eprint/83836

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