Economic Impact of Fiscal Incentives on Chemical Enhanced Oil Recovery (CEOR) Project: A Case Study of the Berani Oil and Gas Field

This research evaluates the financial performance of the Chemical Enhanced Oil Recovery (CEOR) project in the Berani Field, managed by Pertama Energy, with a focus on the influence of government incentives on its economic feasibility. The study examines critical financial metrics, including Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Profitability Index (PI), under scenarios both with and without government incentives. By comparing these metrics, the research aims to quantify the economic advantages provided by government support and their role in enhancing project viability. Based on the findings, strategic recommendations are proposed to optimize project economics, including cost management, operational efficiencies, and policy alignment with stakeholder needs. This research contributes valuable insights for industry stakeholders, policymakers, and decision-makers, offering practical guidance on leveraging government incentives to maximize economic returns and promoting investment strategies tailored to the oil and gas sector’s dynamic landscape. This study also emphasizes the potential of innovative recovery technologies in driving sustainable growth in the upstream oil and gas industry.