Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.04.035 |
Coalbed methane development in Indonesia: Design and economic analysis of upstream petroleum fiscal policy | |
Acquah-Andoh, Elijah1; Putra, Herdi A.2; Ifelebuegu, Augustine O.1; Owusu, Andrews3 | |
2019-08-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 131页码:155-167 |
文章类型 | Article |
语种 | 英语 |
国家 | England; Indonesia |
英文摘要 | Due to increasing demand for natural gas in Indonesia, the Government now promotes exploration for coalbed methane (CBM). Currently, Indonesia has 453 trillion cubic feet (TCF) of CBM reserves. However, CBM development in the country is still in the exploration phase, with significant under-investment. To attract investors, a tailored Production Sharing Contracts (PSC) regime is required. Based on a combination of Factor Analysis (FA), Discounted Cash Flows (DCF) and Parameter Sensitivity Analysis, the research explores an optimal scenario of a company's share of revenue that optimised CBM development contracts. We find that a combination of 5 years straight line depreciation (SLD), 5% First Tranche Petroleum (FTP), 78% Contractor Share (CS) and 35% income tax best spreads the risk of CBM development and exploitation between the government and the contractor. This combination is a more suitable PSC regime for developing CBM in an early stage of the industry. Therefore, the Government must cede some taxes during exploration to incentivise CBM development. Three PSCs regimes are thus required to fully develop and exploit CBM, including exploration, transitional and exploitation phase PSCs which better match contractor risks and returns and ensure reasonable certainty of contractor cost recovery. |
英文关键词 | Coalbed methane Development contracts Production sharing contracts Investments Unconventional Natural gas |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000472125200014 |
WOS关键词 | REAL OPTION ; DECISION-MAKING ; INVESTMENT ; OIL |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/185524 |
专题 | 气候变化 |
作者单位 | 1.Coventry Univ, Sch Energy Construct & Environm, Priory St, Coventry CV1 5FB, W Midlands, England; 2.BKPM Indonesia Investment Coordinating Board, Jakarta, Indonesia; 3.Coventry Univ, Sch Econ Finance & Accounting, Priory Str, Coventry CV1 5FB, W Midlands, England |
推荐引用方式 GB/T 7714 | Acquah-Andoh, Elijah,Putra, Herdi A.,Ifelebuegu, Augustine O.,et al. Coalbed methane development in Indonesia: Design and economic analysis of upstream petroleum fiscal policy[J]. ENERGY POLICY,2019,131:155-167. |
APA | Acquah-Andoh, Elijah,Putra, Herdi A.,Ifelebuegu, Augustine O.,&Owusu, Andrews.(2019).Coalbed methane development in Indonesia: Design and economic analysis of upstream petroleum fiscal policy.ENERGY POLICY,131,155-167. |
MLA | Acquah-Andoh, Elijah,et al."Coalbed methane development in Indonesia: Design and economic analysis of upstream petroleum fiscal policy".ENERGY POLICY 131(2019):155-167. |
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