t

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40

DATE
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10

FIELD
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina
Arina

BOPD
142
419
438
440
430
375
303
301
284
245
248
179
187
175
174
167
159
103
105
99
103
95
94
87
95
96
97
96
93
94
96
48
43
43
44
48
49
49
47
49

BWPD
4
10
10
10
10
9
5
5
8
10
10
12
12
12
12
6
6
4
4
4
4
4
4
4
4
4
4
4
4
4
4
3
3
3
3
3
3
3
3
3

MMSCFD
0.06
0.17
0.17
0.17
0.17
0.40
0.70
0.69
0.72
0.85
0.68
0.51
0.51
0.50
0.51
0.56
0.59
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.69
0.71
0.70
0.70
0.70
0.70
0.70
0.57
0.57
0.57
0.57
0.57
0.57
0.57
0.57
0.57

qo (STB/M) Np (MSTB)
4,387
4
11,726
16
13,572
30
13,193
43
13,341
56
11,256
67
9,397
77
9,324
86
8,513
95
7,592
102
7,436
110
5,535
115
5,788
121
5,081
126
5,379
132
5,002
137
4,925
141
3,084
145
3,244
148
3,082
151
3,100
154
2,959
157
2,810
160
2,700
162
2,932
165
2,701
168
2,997
171
2,893
174
2,880
177
2,817
180
2,989
183
1,496
184
1,278
185
1,347
187
1,305
188
1,488
190
1,506
191
1,364
192
1,467
194
1,483
195

q vs Np
16,000
14,000
12,000
Qo (STB/M)
10,000
8,000
6,000
4,000
2,000
0
Np (MSTB)

log Qo vs t
10,000,000
1,000,000
Qo (STB/M)
100,000
10,000
1,000
100
10
t

log q vs Np
10,000,000
1,000,000
Qo (STB/M)
100,000
10,000
1,000
100
10
Np (MSTB)

10,000
1,000
100
10
Np (MSTB)

log q vs log t
10,000,000
1,000,000
Qo (STB/M)
100,000
10,000
1,000
100
1

10
t

100

Arina Oil
DATE
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10

t
0
31
61
92
123
153
184
214
245
276
305
336
366
397
427
458
489
519
550
580
611
642
670
701
731
762
792
823
854
884
915
945
976

qo (STB/D)
430
375
303
301
284
245
248
179
187
175
174
167
159
103
105
99
103
95
94
87
95
96
97
96
93
94
96
48
43
43
44
48
49

dt
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

dq

q/(dq/dt)

d(q/(dq/dt))

55.15
72.07
2.35
17.01
38.86
-2.96
69.32
-8.16
11.50
1.69
6.78
7.86
56.07
-1.85
5.23
-3.91
7.88
1.78
6.57
-7.48
-1.88
-0.21
0.24
3.53
-1.00
-2.52
48.16
5.66
-0.85
-0.05
-4.50
-0.58

6.803
4.206
127.726
16.685
6.302
-83.642
2.576
-22.877
15.232
102.626
24.582
20.207
1.833
-56.713
19.025
-26.401
12.111
52.476
13.257
-12.638
-51.212
-453.600
395.079
26.317
-94.204
-38.271
1.002
7.529
-51.023
-899.000
-10.667
-83.667

2.597
-123.520
111.041
10.383
89.943
-86.217
25.453
-38.109
-87.394
78.044
4.375
18.373
58.547
-75.738
45.426
-38.512
-40.365
39.219
25.895
38.574
402.388
-848.679
368.762
120.521
-55.932
-39.273
-6.527
58.552
847.977
-888.333
73.000

-2.597
123.520
-111.041
-10.383
-89.943
86.217
-25.453
38.109
87.394
-78.044
-4.375
-18.373
-58.547
75.738
-45.426
38.512
40.365
-39.219
-25.895
-38.574
-402.388
848.679
-368.762
-120.521
55.932
39.273
6.527
-58.552
-847.977
888.333
-73.000

0 0.000001 exponential
0.1
0.9 hyperbolic
1
harmonic

Feb-10
Mar-10
Apr-10

1007
1035
1066

49
47
49

1
1
1

procedure to find b

-0.13
1.39
-2.11

-364.517
34.003
-23.420

280.851
-398.521
57.423

-280.851
398.521
-57.423
-30.222

exponential

Qo vs t
1,000

100
Qo (STB/D)

10

1
10

100

1000

100

Qo vs t
1,000
R = 0.9201373254
100
Qo (STB/D)
qo

10

1
0

200

400

600
t

800

1000

1200

10000

qo

1200

t
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
39
40
41
42
43
44
45
46
47
48
49

DATE
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11

qo (STB/D)
430.35
375.20
303.13
300.77
283.77
244.90
247.87
178.55
186.71
175.21
173.52
166.73
158.87
102.80
104.65
99.42
103.33
95.45
93.67
87.10
94.58
96.46
96.68
96.43
92.90
93.90
96.42
48.26
42.60
43.45
43.50
48.00
48.58
48.71
47.32
49.43

Exponential

Hyperbolic

Hyperbolic

Hyperbolic

b=0
0.055487
407.13
385.15
364.36
344.70
326.09
308.49
291.84
276.09
261.18
247.09
233.75
221.13
209.20
197.91
187.22
177.12
167.56
158.51
149.96
141.86
134.21
126.96
120.11
113.63
107.49
101.69
96.20
91.01
86.10
81.45
77.05
72.90
68.96
65.24
61.72
49.43

b=0.1
0.061948
404.58
380.50
357.98
336.92
317.21
298.77
281.49
265.31
250.15
235.94
222.60
210.10
198.36
187.34
176.98
167.26
158.12
149.52
141.44
133.83
126.68
119.94
113.59
107.61
101.98
96.66
91.65
86.93
82.47
78.26
74.29
70.54
66.99
63.64
60.47
49.43

b=0.2
0.069431
401.68
375.27
350.91
328.43
307.65
288.44
270.64
254.14
238.84
224.63
211.42
199.14
187.70
177.04
167.10
157.82
149.15
141.05
133.47
126.37
119.72
113.49
107.64
102.15
96.99
92.14
87.58
83.29
79.25
75.44
71.85
68.46
65.26
62.24
59.39
49.43

b=0.3
0.078120
398.37
369.42
343.13
319.23
297.45
277.56
259.37
242.70
227.39
213.32
200.35
188.39
177.35
167.13
157.66
148.88
140.73
133.14
126.08
119.50
113.36
107.62
102.25
97.23
92.52
88.11
83.96
80.07
76.40
72.95
69.70
66.64
63.75
61.02
58.44
49.43

50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99

Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15

100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149

May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19

150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199

Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23

200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249

Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
Aug-26
Sep-26
Oct-26
Nov-26
Dec-26
Jan-27
Feb-27
Mar-27
Apr-27
May-27
Jun-27
Jul-27
Aug-27
Sep-27
Oct-27

250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299

Nov-27
Dec-27
Jan-28
Feb-28
Mar-28
Apr-28
May-28
Jun-28
Jul-28
Aug-28
Sep-28
Oct-28
Nov-28
Dec-28
Jan-29
Feb-29
Mar-29
Apr-29
May-29
Jun-29
Jul-29
Aug-29
Sep-29
Oct-29
Nov-29
Dec-29
Jan-30
Feb-30
Mar-30
Apr-30
May-30
Jun-30
Jul-30
Aug-30
Sep-30
Oct-30
Nov-30
Dec-30
Jan-31
Feb-31
Mar-31
Apr-31
May-31
Jun-31
Jul-31
Aug-31
Sep-31
Oct-31
Nov-31
Dec-31

300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349

Jan-32
Feb-32
Mar-32
Apr-32
May-32
Jun-32
Jul-32
Aug-32
Sep-32
Oct-32
Nov-32
Dec-32
Jan-33
Feb-33
Mar-33
Apr-33
May-33
Jun-33
Jul-33
Aug-33
Sep-33
Oct-33
Nov-33
Dec-33
Jan-34
Feb-34
Mar-34
Apr-34
May-34
Jun-34
Jul-34
Aug-34
Sep-34
Oct-34
Nov-34
Dec-34
Jan-35
Feb-35
Mar-35
Apr-35
May-35
Jun-35
Jul-35
Aug-35
Sep-35
Oct-35
Nov-35
Dec-35
Jan-36
Feb-36

350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381

Mar-36
Apr-36
May-36
Jun-36
Jul-36
Aug-36
Sep-36
Oct-36
Nov-36
Dec-36
Jan-37
Feb-37
Mar-37
Apr-37
May-37
Jun-37
Jul-37
Aug-37
Sep-37
Oct-37
Nov-37
Dec-37
Jan-38
Feb-38
Mar-38
Apr-38
May-38
Jun-38
Jul-38
Aug-38
Sep-38
Oct-38

Hyperbolic
b=0.4
0.088232
394.61
362.89
334.63
309.35
286.67
266.25
247.81
231.11
215.94
202.13
189.53
178.00
167.43
157.72
148.78
140.53
132.91
125.85
119.31
113.23
107.58
102.32
97.41
92.82
88.53
84.51
80.75
77.21
73.89
70.76
67.82
65.04
62.42
59.95
57.61
49.43

Hyperbolic
qt
b=0.5
0.100028
390.33
355.65
325.39
298.83
275.40
254.61
236.10
219.53
204.65
191.23
179.09
168.07
158.04
148.88
140.49
132.79
125.71
119.18
113.15
107.56
102.37
97.56
93.07
88.89
84.98
81.33
77.90
74.69
71.67
68.83
66.16
63.64
61.26
59.01
56.89
49.43

Hyperbolic

Hyperbolic

Hyperbolic

Hyperbolic

b=0.6
0.113820
385.49
347.66
315.44
287.75
263.75
242.80
224.40
208.12
193.66
180.74
169.15
158.70
149.25
140.66
132.84
125.70
119.15
113.13
107.58
102.45
97.71
93.30
89.21
85.39
81.83
78.51
75.39
72.47
69.72
67.14
64.70
62.41
60.24
58.19
56.25
49.43

b=0.7
0.129980
380.01
338.92
304.85
276.22
251.88
230.97
212.85
197.02
183.10
170.76
159.78
149.94
141.10
133.10
125.85
119.24
113.20
107.66
102.57
97.88
93.53
89.51
85.77
82.29
79.05
76.01
73.17
70.50
68.00
65.64
63.42
61.32
59.34
57.46
55.69
49.43

b=0.8
0.148954
373.86
329.44
293.70
264.38
239.94
219.28
201.62
186.36
173.07
161.39
151.05
141.85
133.61
126.19
119.49
113.39
107.84
102.76
98.09
93.79
89.82
86.14
82.72
79.54
76.58
73.80
71.21
68.77
66.48
64.32
62.29
60.36
58.55
56.83
55.19
49.43

b=0.9
0.171275
366.98
319.27
282.10
252.38
228.09
207.88
190.83
176.25
163.65
152.66
142.99
134.43
126.78
119.93
113.74
108.14
103.03
98.37
94.09
90.15
86.51
83.15
80.02
77.11
74.39
71.85
69.47
67.24
65.14
63.15
61.29
59.52
57.85
56.26
54.76
49.43

Harmonic
b=1
0.197584
359.35
308.46
270.20
240.38
216.49
196.91
180.59
166.76
154.90
144.62
135.61
127.66
120.60
114.27
108.57
103.42
98.73
94.45
90.52
86.91
83.58
80.49
77.62
74.95
72.46
70.12
67.94
65.88
63.95
62.12
60.40
58.77
57.23
55.76
54.37
49.43

t
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
39

DATE
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
JUMLAH

qo (STB/D)
430
375
303
301
284
245
248
179
187
175
174
167
159
103
105
99
103
95
94
87
95
96
97
96
93
94
96
48
43
43
44
48
49
49
47
49

Exponential

Hyperbolic

Hyperbolic

b=0

b=0.1

b=0.2

1.33
0.26
10.29
5.60
5.49
13.11
6.63
34.46
21.24
20.91
15.52
13.38
12.11
45.70
36.42
34.09
24.62
25.09
21.13
21.14
11.70
7.33
4.57
2.60
1.98
0.60
0.00
20.08
21.98
17.73
14.61
8.50
6.02
4.19
3.36
0.00
493.76

1.64
0.07
8.40
3.88
3.53
9.71
4.02
28.38
16.09
15.63
10.82
8.95
7.86
38.15
29.57
27.52
18.98
19.55
16.14
16.32
8.13
4.59
2.52
1.16
0.81
0.08
0.25
17.20
19.28
15.48
12.76
7.20
5.06
3.50
2.86
0.00
386.09

2.05
0.00
6.51
2.33
1.85
6.57
1.92
22.49
11.38
10.87
6.80
5.27
4.43
31.13
23.34
21.61
14.07
14.74
11.87
12.20
5.28
2.55
1.12
0.32
0.17
0.03
0.89
14.74
16.95
13.56
11.19
6.12
4.26
2.94
2.45
0.00
294.00

Hyperbolic

Hyperbolic

b=0.3

b=0.4

2.57
0.09
4.66
1.07
0.63
3.84
0.51
16.96
7.28
6.81
3.59
2.49
1.93
24.76
17.83
16.43
9.94
10.67
8.33
8.79
3.11
1.16
0.30
0.01
0.00
0.38
1.85
12.64
14.95
11.93
9.85
5.21
3.61
2.48
2.12
0.00
218.77

3.24
0.42
2.96
0.24
0.03
1.71
0.00
11.95
3.96
3.59
1.35
0.71
0.44
19.12
13.09
12.03
6.58
7.34
5.51
6.03
1.57
0.33
0.01
0.14
0.22
1.04
3.04
10.86
13.25
10.54
8.72
4.47
3.07
2.11
1.84
0.00
161.50

Hyperbolic
x2
b=0.5
4.10
1.08
1.52
0.01
0.25
0.37
0.59
7.65
1.57
1.34
0.17
0.01
0.00
14.26
9.15
8.39
3.98
4.72
3.35
3.89
0.59
0.01
0.14
0.64
0.74
1.94
4.40
9.35
11.79
9.36
7.76
3.84
2.62
1.80
1.61
0.00
123.04

Hyperbolic

Hyperbolic

Hyperbolic

b=0.6

b=0.7

b=0.8

5.22
2.18
0.48
0.59
1.52
0.02
2.46
4.20
0.25
0.17
0.11
0.41
0.62
10.19
5.99
5.49
2.10
2.76
1.80
2.30
0.10
0.11
0.63
1.43
1.50
3.02
5.87
8.09
10.55
8.36
6.95
3.33
2.26
1.54
1.42
0.00
103.98

6.67
3.88
0.01
2.18
4.04
0.84
5.76
1.73
0.07
0.12
1.18
1.88
2.24
6.90
3.57
3.29
0.86
1.38
0.77
1.19
0.01
0.54
1.39
2.43
2.43
4.21
7.39
7.02
9.49
7.50
6.26
2.89
1.95
1.33
1.26
0.00
104.66

8.54
6.35
0.30
5.01
8.01
2.99
10.61
0.33
1.08
1.18
3.34
4.37
4.78
4.34
1.84
1.72
0.19
0.52
0.20
0.48
0.25
1.24
2.35
3.59
3.48
5.47
8.93
6.12
8.58
6.77
5.67
2.53
1.70
1.16
1.12
0.00
125.12

Hyperbolic

Harmonic

b=0.9

b=1

10.94
9.80
1.57
9.28
13.59
6.59
17.05
0.03
3.25
3.33
6.52
7.76
8.12
2.45
0.73
0.70
0.00
0.09
0.00
0.10
0.75
2.13
3.47
4.84
4.61
6.77
10.45
5.36
7.80
6.15
5.16
2.23
1.48
1.01
1.01
0.00
165.12

14.03
14.44
4.01
15.18
20.91
11.70
25.07
0.83
6.53
6.47
10.59
11.96
12.15
1.15
0.14
0.15
0.21
0.01
0.11
0.00
1.45
3.17
4.68
6.16
5.77
8.06
11.94
4.71
7.13
5.61
4.73
1.97
1.31
0.89
0.91
0.00
224.15

ARINA Field Oil Production Forecast

Generated Based On ARINA Production History (Surrounding Well)
500

500
Decline Rate
Production History
Arina Forecast
Cumm. Oil Arina
Decline Cumm.
Cumm. Production History

450
400
350

450
400
350

300 BOPD
Oil Rate,

300

250

250

200

200

150

150
ARINA Cumm.
Forecast: 55.5 Mbbls
100

ARINA Forecast with

qi = 100 BOPD

100

Economic limit :
10 BOPD

50

50

0
Jan-97

0
Jan-99

Dec-00

Dec-02

Dec-04

Dec-06

Dec-08

Dec-10

Date

Dec-12

Dec-14

Dec-16

Dec-18

Dec-20

Dec-22

Cumm. Oil, MBBLS

ECONOMIC CALCULATION OF ARINA

YEAR

Previous
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023

OIL
PROD,
MBO

18.2
15.4
9.4
6.4
4.7
1.3
-

Oil
PRICE,
$/BBL

70.0
70.0
60.0
60.0
60.0
60.0
60.0
60.0
60.0
60.0
60.0
60.0
60.0
60.0

COND.
PROD,
MSTB

COND.
PRICE,
$/BBL

45.0
45.0
45.0
45.0
45.0
45.0
45.0
45.0
45.0
45.0
45.0
45.0
45.0
45.0

GROSS
REVENUE
M$

###
0
1,277
###
1,081
###
566
###
385
###
283
###
78
###
###
0
###
0
###
0
###
0
###
0
###
0
###
0
###
0

INVESTMENT, M$
TANG.

215
-

INTANG.

573
-

TOTAL

788
-

OPERATING
COST
M$

0
109
93
57
39
28
8
0
0
0
0
0
0
0
0

TOTAL

55.5

PSC CONTRACT TERM :

Goverment Tax
:
Contractor Before Tax Oil Split :
BPMIGAS Before Tax Oil Split :
Invesment Credit
:
FTP,%
:
DMO Volume = 25% of Contractor share
Free DMO incentive = 60 months
DMO Price = 15% of Market Price

0.0

3,670

215

0.4800
0.2885
0.7115
0.00
20.0%

573

788

333

Oil & Condensate Split After Tax

Contractor, %
BPMIGAS

OF ARINA

TANGIBLE

54
40
30
23
68
-

COST RECOVERY, M$
EXPENSE TO BE
PREV. YEAR
TOTAL
RECOVERED
UNREC'D COST

627
150
123
79
107
28
8
-

627
-

627
776
123
79
107
28
8
-

ALLOWED
BY FTP

1,022
865
453
308
226
62
-

THIS
YEAR

776
123
79
107
28
8
-

215

nsate Split After Tax

15.0%
85.0%

1,121

ECONOMIC CALCULATION OF ARINA

FTP ENTITLEMENT, M$
FTP TO BE
TO
TO
SPLIT
BPMIGAS
CONTR.

255
216
113
77
57
16
-

182
154
81
55
40
11
-

74
62
33
22
16
4
-

EQUITY TO
BE SPLIT

246
742
373
202
198
54
-

DISTRIBUTION INCOME, M$
BPMIGAS
CONTR.
TAXABLE
DMO
EQUITY
EQUITY
INCOME

175
528
266
144
141
39
-

71
214
108
58
57
16
-

71
66
35
24
17
5
-

74
210
106
57
56
15
-

TAX

35
101
51
27
27
7
-

CONTRACTOR
NET
M$

(788)
705
139
78
98
29
8
-

734

522

212

1,815

1,291

523

217

249

269

CONTRACTOR
CUM
M$

(788)
(83)
57
134
232
261
269
269
269
269
269
269
269
269
269

BPMIGAS . NCF
NET
CUM
M$
M$

463
849
432
249
225
62
-

463
1,312
1,743
1,992
2,218
2,280
2,280
2,280
2,280
2,280
2,280
2,280
2,280
2,280

YEAR

Previous
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023

2,280

ECONOMIC SUMMARY OF ARINA WORKOVER 2010

S U M MAR Y

I T E M

$M

$/BOE

MBOE

PERCENT

GROSS INCOME

3,670

66.07

56

100.00

OPERATING COST
INVESTMENT
BPMIGAS EQUITY
TAX
DMO
TOTAL INDONESIA
NCF TO CONTRACTOR

333
788
1,814
249
217
2,280
269

6.00
14.18
32.65
4.47
3.92
41.04
4.85

5
12
27
4
3
35
4

9.08
21.47
49.42
6.77
5.93
62.12
7.34

T O TAL

3,670

66.07

56

100.00

CONTRACTOR. ECONOMIC INDICATORS :

FULL LIFE PROJECT :
NET CASH FLOW, $M
5% NPV
10% NPV

$M
269
186
116

ROR, %
Pay-Out Time, in Year

GOVERNMENT ECONOMIC INDICATORS :

NET CASH FLOW, $M
5% NPV
10% NPV

*)

The investment consists of (in thousand US$) :

Workover Cost
788
Pipeline
0
Total
788

20%
2.6

$M
2,280
2,011
1,791