TRAINING PSC FINANCIAL ASPECT

TRAINING HOW THE PSC FOR PETROLEUM INDUSTRY

TRAINING PRODUCTION SHARING CONTRACT

DESKRIPSI

This course is designed to give participants understanding and better picture as to how the PSC (Production Sharing Contract) for Petroleum (oil&gas) industry applied in Indonesia. Participant will be walked through the steps of understanding the basic philosophy of PSC agreement, and at the same time will be explained the lightly of PSC financial aspect. Afterward the course which discusses the financial budget and reporting procedures manual, including AFE, WP & B, FQR, participants will be explained thoroughly the POD economics calculation complete with case studies respectively

COURSE OBJECTIVE

To enable participants to closely understand the PSC exhibit “C” related to PSC financial aspect.
Have a better understanding that AFE, WP & B, FQR and the related cost recovery, could significantly affects the contractor share and government share respectively.
In general, knows more of the technical and economics aspect of oil & gas industries.

MATERI TRAINING

Introduction
Basic Principle
Exploration & Development Activities
Production Activities
Supporting Activities
Lifting – Sharing Analysis
Accounting Procedure
Fiscal Terms
Budgeting & Reporting
Budget Preparation

METODE

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