Training Migas - Oil and Gas
By September 14, 20180 Comments

PSC BUDGETING AND REPORTING

PSC BUDGETING AND REPORTING

Yogyakarta | 23 – 25 Oktober 2018 | Rp 8.000.000
Yogyakarta | 13 – 15 November 2018 | Rp 8.000.000
Yogyakarta | 18 – 20 Desember 2018 | Rp 8.000.000

 

 

PSC BUDGETING AND REPORTING TRAINING OVERVIEW

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. A budgeting process and control is more than a row of numbers. It is a tool for establishing priorities of action, determining program content, and exercising control of operations. This workshop focuses on budgeting process and control from a company and departmental viewpoint, operating as a cost center, and using the information for budgetary decision making and establishing the a control.

 

PSC BUDGETING AND REPORTING TRAINING OBJECTIVES

  • How to construct an oil & gas budget, process and control to maintain the best performance of the company.
  • How to develop capital budgets and allocate capital
  • Learn about financing alternatives available to oil and gas companies
  • How to develop the company’s cost of capital
  • What are the various financial issues associated with oil and gas project development, execution and operations.

 

PSC BUDGETING AND REPORTING TRAINING CONTENTS

  1. PRODUCTION SHARING CONTRACT AN UPDATE
    • Overview of Business Process of Oil and Gas Industry
    • PSC Term and Conditions : Current and prospect
    • Introduction to PSC and Cost Recovery Mechanism
  2. BUDGET IN OIL & GAS COMPANY
    • Capital Expenditures (Exploratory wells, Development wells, Development Facilities,Facilities,Warehouse stock)
    • Operating Expenditures ( Department Cost Centers, Special well repairs,Abandonment & Site restoration, Insurance, Administrative Overhead)
  3. OIL & GAS ACCOUNTING AND FINANCIAL REPORTING OPERATIONS
    • Oil & Gas (E& P) and Cost Classification, Ascertainment, & Treatment of Costs
    • Accounting Principles (including Accounting Methods) & Financial Policies in Relation to O&G Upstream Operations
    • E & P Operations Funding Arrangements & Accounting Implications
    • Oil & Gas Revenue Accounting
    • Work Program & Budgeting (WP&B)
    • Authorization for Expenditure (AFE)
    • Accounting Reports
    • Accounting Implications of Carried Interests and Reporting Processes
  4. BUDGETARY CONTROL
    • Financial Planning & Budgets
    • Operated vs. Non-Operated Budgets
    • Budgets Analysis
    • Budgetary Control (including variance analysis, project cost control, production cost reporting & control)
  5. CASE STUDY

 

WHO SHOULD ATTEND

This training is recommended to be followed by :

  • Accounting Personnel
  • Finance Personnel
  • Engineers
  • Lawyers
  • Economists
  • Managers, Supervisors, Excecutives
  • Exploration Personnel
  • Tax Accountant

 

PSC BUDGETING AND REPORTING TRAINING METODH

  • Lecturing
  • Discussion/Sharing
  • Case Study
  • Practices
  • Evaluation

 

PSC BUDGETING AND REPORTING TRAINING INSTRUCTOR

  • Iswahyudi

Instructor has graduated Bachelor Degree in Petroleum Engineering Department at Universitas Pembangunan Nasional (UPN) Yogyakarta. He also achieved Schoolarship from Pertamina. An expert and practitioner, often an instructor in training/seminars/workshops on the topic of Procurement of Goods and Services, PSC, for oil and gas companies.

 

WAKTU & TEMPAT

  • Batch 10 : October 23 – 25, 2018
  • Batch 11 : November 13 – 15, 2018
  • Batch 12 : December 18 – 20, 2018
  • 08.00 – 16.00 WIB
  • Yogyakarta: Cavinton Hotel Yogyakarta ; Neo Malioboro Hotel Yogyakarta Pesonna Malioboro Hotel Yogyakarta
  • Surabaya: Hotel Neo Gubeng Surabaya ; Hotel Santika Pandegiling Surabaya
  • Malang: Ibis Styles Malang Hotel
  • Jakarta: Yello Hotel Manggarai Jakarta ; Dreamtel Jakarta Hotel
  • Bandung: Serela Cihampelas Hotel Bandung ; Ibis Styles Bandung Braga Hotel
  • Bali: Ibis Bali Kuta Hotel ; Hotel Neo+ Kuta Legian Bali

 

PSC BUDGETING AND REPORTING TRAINING TUITION FEE

Yogyakarta:

Publish Rate            : 8.000.000 IDR / participant

Special Rate            : 7.500.000 IDR / participant (min 4 participants from the same company)

Bandung / Jakarta / Surabaya / Malang:

Publish Rate            : 8.500.000 IDR / participant

Bali:

Publish Rate            : 9.000.000 IDR / participant

 

PSC BUDGETING AND REPORTING TRAINING FACILITIES

INCLUDE:

  • Meeting Room at hotel, Coffe Break, Lunch
  • Module (hard & soft copy/flashdish)
  • Training Kit, Souvenir, Sertifikat
  • Airport pick up services
  • Transportation during training

EXCLUDE:

  • Penginapan peserta training
  • Pajak (Ppn 10 %)

 

Formulir Permintaaan Informasi Lanjutan / Pra-Pendaftaran Public Training
  1. INFORMATION OPTIONS
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  4. PERSONAL DATA
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  8. (valid email required)
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  11. PRE REGISTRATION DATA (Tidak Mengikat)
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  13. MESSAGE FOR TRAINING PROVIDER
 

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