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. ==================================================================================================== 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: https://repository.its.ac.id/id/eprint/83836

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