Contents
Download PDF
pdf Download XML
1037 Views
222 Downloads
Share this article
Advertisement
Research Article | Volume 4 Issue 2 (July-Dec, 2023)
Increasing Company Value by Determining Unitization Share through Analytical Hierarchy Process, Study Case: SKW Oil Field
 ,
Under a Creative Commons license
Open Access
Published
Sept. 10, 2023
Abstract
PT Pertamina EP Cepu (PEPC) is regional leader for managing the upstream oil and gas business within Pertamina. Its business portfolio consists of various types of assets including exploration, development and production assets. The assets maturity also varies greatly from green field to brown field. PEPC has at least 3 unitization fields under its control, but the SKW Field has its own complexities because apart from having a different fiscal term regime between the 2 work area operators and also has concern for stakeholders. Unitization Field in the upstream oil and gas business has definition that the condition where one field has a distribution of hydrocarbons covering 2 different blocks. In this case, the analysis becomes more complex because the two blocks are not managed by the same operator. Even though PHE and PEP are Pertamina's subsidiaries, in accordance with Law No. 22 of 2001, each entity managing the Oil and Gas Working Area must be separate. The complexity of the problems that occur due to this unitization is also driven by the application of a gross split mechanism that is different from the previous PSC generation, namely Cost Recovery. This research is intended to assist stakeholders, especially from the company side, in order to determine optimal amount of share/participating interest that meets techno-commercial principles and is supported by compliance aspects for unitization fields. This research can be used as a reference to reduce the potential for future disputes. The Analytical Hierarchy Process (AHP) method assisted by the Focus Group Discussion method by Subject Matter Experts (SME) can assist the process of selecting the most optimal options and support the decision-making process.
Keywords
Advertisement
Recommended Articles
Research Article
Accountability and Transparency of Village Fund Management in Lumajang District
...
Published: 28/12/2023
Download PDF
Research Article
Modelling Structure Job Quality, Job Design and Job Satisfaction
...
Published: 30/08/2022
Download PDF
Research Article
Influence of Leadership on Poverty Reduction in the Devolved Government in Trans-Nzoia County, Kenya
...
Published: 30/06/2021
Download PDF
Research Article
The Effect of Return on Investment (Roi) as a Decision-Making Instrument on The Share Value of Food and Beverage Companies Listed on The Bei for the Period 2021-2022
...
Published: 05/07/2025
Download PDF
Chat on WhatsApp
Flowbite Logo
Najmal Complex,
Opposite Farwaniya,
Kuwait.
Email: kuwait@iarcon.org

Editorial Office:
J.L Bhavan, Near Radison Blu Hotel,
Jalukbari, Guwahati-India
Useful Links
Order Hard Copy
Privacy policy
Terms and Conditions
Refund Policy
Others
About Us
Contact Us
Online Payments
Join as Editor
Join as Reviewer
Subscribe to our Newsletter
Follow us
MOST SEARCHED KEYWORDS
scientific journal
 | 
business journal
 | 
medical journals
 | 
Scientific Journals
 | 
Academic Publisher
 | 
Peer-reviewed Journals
 | 
Open Access Journals
 | 
Impact Factor
 | 
Indexing Services
 | 
Journal Citation Reports
 | 
Publication Process
 | 
Impact factor of journals
 | 
Finding reputable journals for publication
 | 
Submitting a manuscript for publication
 | 
Copyright and licensing of published papers
 | 
Writing an abstract for a research paper
 | 
Manuscript formatting guidelines
 | 
Promoting published research
 | 
Publication in high-impact journals
Copyright © iARCON Internaltional LLP . All Rights Reserved.