UNDERSTANDING OF THE ESSENTIALS UPSTREAM PETROLEUM BUSINESS PROCESS AND FISCAL SYSTEMS IN INDONESIA AND OTHER COUNTRIES
UNDERSTANDING OF THE ESSENTIALS UPSTREAM PETROLEUM BUSINESS PROCESS AND FISCAL SYSTEMS IN INDONESIA AND OTHER COUNTRIES August , 26th – 2 8th 2015 – Yogyakarta Course Objectives : Petroleum industry is the world’s largest industry, in terms of value as well as the complexity. Capital intensive, highly regulated, and very sensitive to geopolitical changes and world economic condition caused the petroleum industry as the most risky industry. The petroleum operations are classified as being either upstream or downstream. Upstream activities include exploration, acquisition, drilling, developing, and producing oil and gas. Upstream activities generally include all of the activities involved in finding and producing oil and gas up to the initial point that the oil or gas is capable of being sold or used. Upstream activities are frequently referred to as exploration and production activities, or E&P activities. The focus of the program is on practical as