PSC Budgeting & Reporting

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PSC Budgeting & Reporting

DESKRIPSI

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.

OBJECTIVE COURSE :

  • 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 & gas project development, execution and operations.

MATERI TRAINING

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

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)

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

BUDGETARY CONTROL

  1. Financial Planning & Budgets
  2. Operated vs. Non-Operated Budgets
  3. Budgets Analysis
  4. Budgetary Control (including variance analysis, project cost control, production cost reporting & control)

METODE

Presentation, discussion, Case study, Evaluation, Pre test & post test

LOKASI     

 Yogyakarta / Bandung / Jakarta / Bali

BIAYA

  • Yogyakarta >>IDR 7.500.000,- (Non-Residential) | Minimal kuota 2 – 3peserta l Diskon untuk pengiriman 3 peserta dari perushaan yang sama
  • Luar Yogya >> IDR 8.500.000 (Non-Residential)| Minimal kuota peserta 3 – 4 Peserta | Diskon untuk pengiriman 3 peserta dari perusahaan yang sama

FASILITAS

Hotel Berbintang, Sertifikat, training kit, Modul ( hard & soft copy ), lunch, coffee break, Souvenir, makan malam, transportasi antar jemput