ABSTRAK
Kebutuhan energi di Indonesia semakin meningkat dan cadangan gas alamsemakin menipis. Indonesia memiliki potensi shale gas yang besar dan perlu dikembangkan. Pada tesis ini dibahas perbandingkan karakteristik shale gas diAmerika dan Indonesia. Perbandingan perkembangan shale gas antara lain dataeksplorasi, teknologi, infrastruktur dan sistem kontrak. Perbandingan karakteristikshale gas dari umur batuan, tipe endapan dan properti batuan menentukankesuksesan hydraulic fracturing. Studi shale gas dilakukan di Cekungan Bintuniyang memiliki potensi Risked GIP 114,3 TCF dan TRR 28,6 TCF. Profil produksishale gas menggunakan metode penurunan hiperbolik dan perkiraan biayainvestasi berdasarkan data di Amerika dan Indonesia.Analisa keekonomian shale gas di Cekungan Bintuni menunjukkan sistemkonsesi lebih menarik dibanding sistem PSC bagi perusahaan. Nilai IRRmaksimal sistem konsesi sebesar 16,57% sedangkan IRR maksimal sistem PSCdengan porsi bagi hasil 55%:45% sebesar 15,8%. Pemberian insentif Tax Holidayselama 5 tahun pada sistem PSC porsi bagi hasil 55%:45% pada tipe sumurpenurunan sedang memberikan IRR 14,04% dan pemasukan bagi negara $720juta selama 20 tahun masa produksi

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ABSTRACT
Indonesia’s energy demand increases otherwise natural gas resourcesdiminish. Indonesia has big shale gas resources and need to be developed. Thisthesis compares shale gas in America and Indonesia. Comparation of shale gasdevelopment includes exploration data, technology, infrastructure and contractsystem. Comparation of shale gas characteristic such as source rock age,depositional type and property of rock determine hydraulic fracturing successes.Shale gas study performed in Bintuni basin with 114,3 TCF Risked GIP and TRR28,6 TCF. Production profile shale gas using hyperbolic decline curve method andinvestment cost based on America and Indonesia data.Economic analysis of shale gas in Bintuni basin shows that concessionsystem more attractive than PSC for company. The best IRR concession systemwas 16,57% and PSC system was 15,8% on 55%:45% profit split. The present oftax holiday incentive for 5 years using 55%:45% profit split on medium declinerate wells results IRR 14,04% and $720 million for Government of Indonesiaduring 20 year production lifetime.