Pyscnomics

This release contains updates of tailored functionalities for assessing economic feasibility of oil and gas projects while following the state-of-the-art Production Sharing Contract (PSC) schemes in Indonesia.

Installation and Upgrade Steps 🔨

PyPi

pip install pyscnomics
pip install pyscnomics --upgrade


GitHub

pip install git+https://github.com/fajril/pyscnomics.git#egg=pyscnomics


Breaking Changes 🔗

- The refactor of Tangible dataclass into CapitalCost dataclass. The Tangible dataclass has been restructured and renamed into CapitalCost to maintain the consistency with the established Production Sharing Contract (PSC) terms.

New Features 🎉

- Base Project support. Added foundational support for initializing and managing base projects within the algorithm.
- Baseline Production features. Introduced baseline production features to facilitate the cumulative production and progressive split under gross split regimes.
- New Optimization Parameters: Useful Life, Value Added Tax (VAT) Discount, Land and Building Tax (LBT) Discount. Added functionality in Optimization module to optimize the contract by altering the useful life of the CapitalCost, VAT Discount, and LBT Discount.
- Ability to run PySCnomics API backend directly from the package Command Line Interface (CLI).
- Transition API routes support. API routes have been updated to support transitions, ensuring smooth integration and operation.
- Transition Optimization support. Enhanced the system to include optimization routine for transition contract, improving overall efficiency.
- Gross Split Regimes support. Implemented support for Gross Split Regimes, expanding the system's versatility. The supported regimes are as the following:
- Indonesia's Energy and Mineral Resource Ministry Regulation No. 8 Year 2017
- Indonesia's Energy and Mineral Resource Ministry Regulation No. 52 Year 2017
- Indonesia's Energy and Mineral Resource Ministry Regulation No. 20 Year 2019
- Indonesia's Energy and Mineral Resource Ministry Regulation No. 12 Year 2020


Bug Fixes 🐛

- Various bugs have been fixed to improve system stability and performance.

Improvements 🚀

- Improved performance by substituting for loops with comprehensions where applicable, resulting in faster execution and shorter codes lines.

Changelog 📃
Full Changelog could be seen in the following link: https://github.com/fajril/pyscnomics/compare/v1.0.0...v1.1.0

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Upgrade Steps
- pip install pyscnomics --upgrade
- pip install git+https://github.com/fajril/pyscnomics.git#egg=httpie

Features

This release introduces new approach of defining the element in Production Sharing Contract (PSC),
a framework for representing and analyzing the economic aspects of oil and gas projects. Key functionalities include:

Project Properties
Stores essential details: start/end dates, lifting data (oil, gas, etc.), tangible/intangible costs, operational expenses (OPEX), and Abandonment and Site Restoration (ASR) costs.
Calculates project duration and associates it with corresponding years.

Lifting Data
Manages lifting information for various fluids (oil, gas, sulfur, electricity, CO2) through Lifting objects.
Provides methods to retrieve specific lifting data.

Cost Data
Manages cost information for tangible and intangible components, OPEX, and ASR costs for oil and gas through separate objects.
Calculates total costs per component (tangible, intangible, OPEX, ASR) for both oil and gas.
Provides methods to retrieve specific cost data.

Revenue Calculation
Calculates revenue based on lifting data for each fluid type.


Overall, this PySCnomics package offers a comprehensive framework to model and analyze oil and gas project economics.



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