ADVANCED PETROLEUM ACCOUNTING

 

Sulhan Askandar

 
 
 
 

Introduction

 
 
  • To get a deep knowledge of petroleum accounting practice

  • To learn how to calculate and record the revenue of Oil and Gas operations

  • To learn how to record and analyze joint operation transactions

  • To learn how to measure, funding and record asset retirement obligation

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 Content

 
 

 Accounting for Production Activities

  • Accounting Treatment

  • Accumulation and Allocation of Costs

  • Individual Production Costs

  • Project Analysis and Investment Decision

 Accounting System for Revenue of  Oil and Gas Sales 

  • Measurement

  • Determination of Revenue

  • Recording of Revenue

  • Gas imbalances

 Accounting for Asset Retirement Obligation

  • Legally Obligation

  • Asset recognition and measurement

  • Funding and assurance provision

 Oil and Gas Tax Accounting 

  • Non Drilling Costs

  • Acquisition Costs

  • Drilling, Equipment, and Production Operations Costs

  • IDC and Depletion

 

 Joint Interest Accounting  

  • Joint Operating Agreement

  • Direct Charges

  • Overhead

  • Pricing of Joint Material

  • Non-consent Operations

 Conveyances 

  • General Rules

  • Exchanges and Poolings

  • Sales

  • Production Payments

 Case study and Exercises     

 General Discussion of Current Issues

 
 

 

Who Should Attend

 
 

 

 

 Professionals in companies who want to get a deep knowledge
 of Petroleum Accounting Practices to enhance their day-to-day
 assignments.

 
 
 

Your Course Instructor

 
 

Sulhan Askandar has a professional and practice experiences as Finance and Accounting more than 30 years in the Oil & GasCompany.

He received Bachelor degree of Economics (S-1). Major in Management & Finance, Airlangga University. Surabaya and Mulawarman

University, Samarinda He also attended at Advanced International Program in Oil &Gas Financial Management - The University of Texas

at Dallas. USA -1996 and Project Finance-New York Institute of Finance, New York.USA -1998.

 

Currently he is as a Course Leader of Accounting and Financial Management for Oil & Gas companies, both for public course as well as in-house course.

 
 
  Registration Form   Enrollment Information  
 

YES !!!

Please Register the Following Delegate to Attend

 

ADVANCED PETROLEUM ACCOUNTING

 

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:

Please make payment in Rp to the following account : (Please instruct your bank to remit all 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