PSC BUDGETING AND REPORTING :
POD, WP&B, FQR AND AFE
(with new PSC guidelines proposed)

LDI Instructor

 

 
 
 

OVERVIEW

 
 

 This course covers the main aspects of the Indonesian Production Sharing Contract (PSC), and is designed to give you complete overviews and
 better understanding of the system by learning from technical-operational-financial mechanism. Understanding comprehensively the PSC system
 will helps the participants to cope with problems, cases, or even challenges that may arise in the industry.

 
     
 

COURSE CONTENT

 
 

Petroleum Operations Overview

The  PSC Refreshing

  • Royalty concept Vs PSC

  • Property right concept

  • Oil and gas business risk

  • Basic Concept of the PSC

  • PSC Principles

  • PSC Operational

  • The Financials aspects

  • Accounting Principles 
     

Operational Aspects Overview

  • Land acquisition aspects

  • Exploration aspects

  • Development aspects

  • Production aspects

  • Financial aspects
     

Planning and Budgeting

  • Grand Plan of The Operations

  • Plan of Development

  • Work Program and Budget Expenditure

  • Authorization for Expenditure

  • Project Economic

  • Financial Analysis


Budgeting and Reporting Manual

  • Budgeting and Reporting Procedures

  • Exploration and Development

  • Production Operation

  • Administration

  • Supporting Information

 


Planning

  • Strategic planning

  • Planning and monitoring concept

  • Vision, mission and corporate objective

  • Joint Operation Agreement & PSC Planning

POD

  • Project economics: the main procedures

  • Due diligence : Farm-in and Farm-out problems

  • Project indicators

  • POD Preparation

  • 1st POD, POP, POFD,

  • Relinquishment procedures and tax impact

WP&B and AFE

  • Budget schedules : report structures

  • Budgeting process and mechanism

  • Exploration and development cost

  • Capital & Non Capital expenditures

  • Routine and Non Routine expenditures

  • Cost Oil and cost gas

  • Lifting cost, cost recovery and operating cost

  • Budgeting preparation and process

  • AFE: what and why?

  • Details of AFE contains

  • AFE as a project management tools 

FQR

  • FQR as part of management control system

  • Main objective of FQR

  • Main deliverability of the report

  • FQR report 1: Representing the management requirement

  • The Indonesian Petroleum Taxation
      -
    Direct Taxes Corporate Tax   
      -
    Branch Profit Tax
      - Tax Treaty
      - Indirect Taxes VAT, Local Taxes and Levies
      - Cases on Taxation

 
     
 

WHO SHOULD ATTEND

 
 
  • Accounting personnel

  • Finance personnel

  • Engineers

  • Lawyers

  • Economists

  • Managers, supervisors and executives

  • Exploration Personnel

  • Tax Accountants

  • Bankers

 
 
 

REGISTRATION FORM

 

ENROLLMENT INFORMATION

 
 

YES !!!

Please Register the Following Delegate to Attend

 

PSC BUDGETING AND REPORTING:
POD WP&B, FQR AND AFE

 

 

Mr./Mrs./Ms.: ..................................................

Position : .........................................................

Company : ......................................................

Mailing Address : ...........................................

.........................................................................

.........................................................................

Phone : .............. Ext.: .......... Fax. : ...............

Handphone : ............... E-mail : .....................

Approving Manager's Name : .......................

E-mail : ...........................................................

 

METHOD OF PAYMENT

Please complete the following payment details:

Telegraphic transfer - Please make payment in Rp. to the following account : (Please instruct your bank to remit all local & overseas bank charges to your bank account)

P.T. LOKA DATAMAS INDAH

Bank account 314-3000328

PT. Bank UOB Indonesia
Cabang  Ir. H. Juanda
Jl. Ir. H. Juanda no. 15
Kel. Kebon Kelapa
Kec. Gambir
Jakarta Pusat

 

 

PHONE

(62)(21) 632 6911, or (62)(21) 631 3556

 

MAIL

P.T. LOKA DATAMAS INDAH

Harmoni Plaza Blok B-16

Jalan Suryopranoto No. 2

Jakarta - Indonesia

 

FAX

(62)(21) 630 5074 or (62)(21) 633 0212

 

E-MAIL

Lditrain@indo.net.id

 

HOMEPAGE

www.Lditraining.com