Abstract : Gross split is a production sharing contract for upstream oil and gas activities without any cost recovery. In the SHP oil field, an economic analysis will be carried out using the gross split production sharing contract (PSC) scheme to find out the value of the economic indicators that can provide benefits to the government and the contractor. The economic analysis carried out with parameters such as oil price of 70 US$/bbl adjusted for Indonesia crude price (ICP), escalation rate of 1%, tax of 22%, discount rate of 10%, minimum acceptable rate of return (MARR) of 10%, and operating cost of 12 US$/bbl. The portion of the split between the contractor and the government is 63.8% and 36.3%, which was obtained after carried out the base split, variable split and progressive split schemes. Based on the economic analysis that has been carried out, it is known that the SHP oil field has a positive value, as in the net present value (NPV) obtained of 92,052,412 US$, internal rate of return (IRR) of 52.14%, discounted profit to investment ratio (DPIR) of 1.25 and a relatively fast pay out time (POT) of 4.28 years from a contract period of 20 years. Furthermore, based on the analysis it is concluded that the SHP oil field could be further developed, which gave benefits to the government and contractor.