UNDERSTANDING THE PSC CONTRACTS

The Indonesian PSC Systems

LDI Instructor

 

 
 
 

INTRODUCTION

 
 

This course is designed to give you a thorough understanding of the Indonesian Production Sharing Contract systems.  Participants will be introduced to the concepts and technical aspects of the financial, fiscal, economic, accounting, budgeting and reporting parts of the PSC systems.

 
 
 

COURSE OUTLINE

 
 

PSC Conceptual

  • The reason of PSC

  • Comparison of the fiscal term

  • PSC of several countries

  • The concept of Cost Recovery

  • Full cycle principles

Petroleum Operation and Investment Decisions

  • Land acquisition aspects

  • Exploration aspects

  • Development aspects

  • Production aspects

  • Financial aspects

 

 

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Fiscal and Legal Aspects of Oil and Gas Operations

  • Exercise

  • Cooperation

  • Fiscal obligations

Financial and Economic Aspects of Production Sharing Contracts

  • Basic concepts and philosophy

  • Petroleum operation

  • Economics of the PSC system

  • Accounting practices

PSC Accounting

  • Petroleum Accounting methods

  • Successful Effort Accounting

  • Full Costing Accounting

  • Production Sharing Contract Accounting System

The Incentive Package and Its Implications On The Economics of PSC

 

Taxation Aspects of Petroleum Operation

 

Budgeting and Reporting Manuals

  • Budgeting and Reporting Manual Procedure

  • Exploration and Development

  • Production Operation

  • Administration

  • Supporting Information

 

Authorization for Expenditures

 

Operational Statistics Reports

 

Cases

 

 

 
     
 

WHO SHOULD ATTEND

 
 

This course will benefit everyone who works in the oil and gas industry. It is especially important for:

  • Finance and accounting personnel

  • Supervisors and managers in all departments

  • Economists and financial analysts

  • Engineers and exploration people

  • Lawyers and contracts personnel

  •  And anyone who needs to understand the PSC

 
 
 

REGISTRATION FORM

 

ENROLLMENT INFORMATION

 
 

YES !!!

Please Register the Following Delegate to Attend

 

UNDERSTANDING THE PSC CONTRACTS

 

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