|1||02 - 04 Dec 2020||Bogor||Register|
This course is designed to give participants (concentrated for the secretaries and administrative personnel), an understanding and better picture as to how the AFE, WP&B, POD and FQR which is prepared and compiled in the OIL & GAS companies to be submitted to SKKMIGAS.
Participant will be walked through the steps of AFE descriptions, and by the same time will be explained slightly regarding the activities of G&G, drilling, OIL & GAS reserves, onshore and offshore, production facilities etc.
Afterwards, the course will discuss slightly on the Financial and Economics of POD, in relation with all cost incurred in the AFE, WP&B, and FQR, as a Managerial control system done through the “ Budgeting Procedures Manual” that had been set up and published by SKKMIGAS.
The discussion will all be related with the Cost Recovery and the yearly Contractor Share and Government Share respectively.
. AFE (Authorization Financial Expenditures)
. AFE related to Petroleum Industry. Consists
of G&G studies, Seismic survey, Drilling and Production
Facilities, onshore and offshore.
. WP & B ( Work Program and Budget )
. POD (Plan of Development)
. FQR (Financial Quarterly Report)
. Financial Budget included AFE for G & G, Seismic / Survey
. Tangible and Intangible cost in Exploratory Drilling and
. Capital and Non capital cost in Exploration,
Development, Production and General Administration.
. Operating Cost, Depreciation and Cost Recovery
. Fiscal Terms in Indonesia
. Abandonment and Site restoration
. Administrative Overhead, Technical Services.
. Interest Recovery
. Lifting, Barrel, MMCF, MMBTU and Price Forecast.
. Gross PSC Revenue, FTP and Investment Credit.
. Current Year Cost and Unrecovered Operating Cost.
. OIL & GAS cost.
. Budgeted and Year end entitlement.
. Equity share, Conventional and Unconventional PSC.
. Domestic Market Obligation.
. Financial Budget and Financial Quarterly Report.
. Monthly Provisional Entitlement.
. Midyear review Budget, Revised Budget and Current
. Government Tax Entitlement percentage.
. Oil & Gas reserve, OOIP, OGIP, Recoverable reserves.
. Trustee Paying Agent.
. POD for OIL & GAS by field.
. Slightly review of Gas is not Oil, shale gas, CBM, LNG,
CNG, LPG etc.
Practice & Simulation of WP&B, FQR, POD, PIS, AFE and AFE Closed out
Post Test; Lesson Learned and Evaluation
Commitment and Action Plan