Open AccessEvaluation of Oil and Gas Economy using Economics Profit Indicators and Prototype Macro VBA Excel
Author(s) -
Juwairiah Juwairiah,
Didik Indarwanta,
Frans Richard Kodong
Publication year - 2021
Publication title -
rsf conference proceeding series. engineering and technology
Language(s) - English
Resource type - Journals
eISSN - 2809-6843
pISSN - 2809-6878
DOI - 10.31098/cset.v1i1.429
Subject(s) - upstream (networking) , profit (economics) , visual basic for applications , downstream (manufacturing) , work (physics) , macro , business , environmental economics , economics , environmental science , engineering , computer science , marketing , mechanical engineering , microeconomics , programming language , telecommunications
The oil and gas sector is an important factor in sustainable development, so it is considered necessary to make serious changes in conducting economic analysis on the oil and gas business. Oil and gas industry activities consist of upstream activities, and downstream activities. Activities in these upstream and downstream operations have high risk, high costs and high technology, so the company continuously tries to reduce the importance of the adverse impact of these risks on the work environment and people. Thus, evaluating the factors that affect sustainable production in this sector becomes a necessity. In this research will be evaluated the economy of the oil and gas field using methods of economic indicators, among others; NPV, POT, ROR, where these factors are estimated in order to be able to estimate the prospects of the oil and gas field so that the decision that the field development project can be implemented or cannot be taken immediately. Implementation of oil and gas field economic evaluation in this study using Macro VBA Excel. From several methods of economic analysis obtained that the results of this study show high precision compared to other methods, in addition to the way of evaluation using the above economic indicators is very popular.