ANALISIS PEMBIAYAAN PADA PROYEK PENGEMBANGAN GAS LAPANGAN UNITISASI JAMBARAN TIUNG BIRU (JTB) SUATU PENDEKATAN KASUS PADA PT. PERTAMINA EP CEPU

Jonni Rusli, Jonni Rusli (2022) ANALISIS PEMBIAYAAN PADA PROYEK PENGEMBANGAN GAS LAPANGAN UNITISASI JAMBARAN TIUNG BIRU (JTB) SUATU PENDEKATAN KASUS PADA PT. PERTAMINA EP CEPU. S1 thesis, STIE Indonesia Banking School.

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Abstract

The research objectives are 1. To see whether the decision to make a loan from an external party (External Financing) is correct and can provide benefits to PEPC. 2. To see if there are alternatives other than using 100% external Financing funds to finance the JTB Project. 3. To see how big the advantages and disadvantages of the decision to use and External Financing. The research objects are 1. PT Pertamina EP Cepu (PEPC), an upstream subsidiary of PT Pertamina (Persero), is engaged in upstream oil and gas business activities. ExxonMobil Cepu Limited and BKS PI Cepu Block partner with PEPC in managing and exploring the oil and gas potential in the region. 2. The Bontang LNG project is the first LNG project in Indonesia that follows the downstream business development model, based on the Oil and Gas Law no. 22/2001, which separates upstream activities of supplying natural gas raw materials from downstream activities of LNG generation. 3. The Java 1 IPP Project, in Cilamaya Village, Karawang Regency, West Java, there is a power plant known as the Java-1 Independent Power Plant (IPP) which integrates gas facilities with the power plant. 4. Tangguh LNG Project, In Bintuni Bay, West Papua in the Wiriagar, Berau, and Muturi Cooperation Contract (KKS) area, Tangguh LNG is the development of six integrated gas resources. The results of the study are as follows 1. Based on the results of the financial ratio analysis that has been carried out, it can be said that external funding on the JTB project can benefit the company. It can be concluded that the steps taken in financing the JTB Project using External Financing are appropriate. 2. Based on the research results, it is known that there are other alternatives for funding a project. When compared with 100% use of external funds, project funding is better with 70% bank funding and 30% personal funding, where BCR 70% is 2.09 and BCR 100% is 2.08 and NPV 70% is 9,269.096 and NPV 100% is 7,058.810 , there is a difference of 2,209,286. However, real funding or funding with 100% use of external funds is said to be better and more feasible because 30% of private funding can be used to finance other projects, such as in 2019 Pertamina developed the Pacific Petrochemical Indotama (TPPI) refinery area to become a center for the petrochemical industry that can capture Petrochemical business opportunity in Indonesia is Rp. 40-50 trillion per year. 3. Based on the results of the research conducted, it is known that no losses were suffered. This is because external financing as a whole provides many benefits for PT Pertamina and PT Pertamina EP Cepu.

Item Type: Thesis (S1)
Uncontrolled Keywords: Gas Development Project, External Financing., Net Present value, Project financing
Subjects: H Social Sciences > HF Commerce > HF5001 Business
Divisions: Library of Congress Subject Areas > Prodi S2 Magister Manajemen
Prodi S2 Magister Manajemen
Depositing User: Sparta Sparta
Date Deposited: 31 Oct 2022 22:57
Last Modified: 31 Oct 2022 22:57
URI: http://repository.ibs.ac.id/id/eprint/5410

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