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Application Of Fiscal Incentives For Development Of East Natuna Gas Field For Long-Term National Natural Gas Demand, Marwan Batubara, Widodo Wahyu Purwanto, Akhmad Fauzi
Application Of Fiscal Incentives For Development Of East Natuna Gas Field For Long-Term National Natural Gas Demand, Marwan Batubara, Widodo Wahyu Purwanto, Akhmad Fauzi
Makara Journal of Technology
East Natuna gas field, which has proven reserves of 46 trillion cubic feet, is projected to meet long-term natural gas needs. However, CO2-content of the gas reserves reaches 71%, leading to expensive development costs. This research investigates the feasibility of the field based on several fiscal incentives. Firstly, gas supply-demand until year 2040 was analyzed. Then, based on the analysis, the field was developed using high CO2 gas separation technology to produce gas of 1300 MMSCFD in 2023, 2600 MMSCFD in 2031, and 3900 MMSCFD in 2039. Finally, the economic feasibility was assessed using cash flow analysis in accordance with …