TRAINING COST CONTROL AND FINANCIAL REPORTING OIL AND GAS

TRAINING COST CONCEPT IN THE UPSTREAM OIL & GAS OPERATION

TRAINING UNDERSTAND CONCEPT OF ACCRUALS AND ITS PRACTICE

DESKRIPSI

This course is designed for those interested in learning how to set up control of cost for each stage of the upstream operation activity as an additional working knowledge to support his or her assignment.

Concepts and theory are presented in such a way that will invite participants to be actively involved in the discussions. The presentation of related cases and discussion of current issues are intended to help participants in turning the theory into practical knowledge

COURSE LEARNING OBJECTIVES :

To describe cost concept in the upstream Oil & Gas operation
To learn how to set up control of cost for each stage of activity
To understand concept of accruals and its practice
To learn how to calculate Operating Costs
MATERI TRAINING

General

Petroleum Accounting principles
Indonesian PSC Accounting
Cost Classification

Acquisition cost
Exploration cost
Development cost
Production cost
Administration and General cost
Capital and Non Capital Cost

Definition
Capital Budgeting
Depreciation
Authorization for Expenditures

Why need AFE?
Project vs. Non-Project
AFE revision, and supplement
AFE control and report
Accruals

Concept and theory
How to control and calculate the number to be accrued
Expense Performance Report

Preparation of report
Analysis and adjustment
Transfer of Materials

Inter warehouse transfer
Well to well transfer
Inter company transfer
Operating Costs

Definition
Method of calculation
Case study

METODE

Presentation, discussion, Case study, Evaluation, Pre test & post test