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Showing posts from August, 2016

Revenue Accounting in Indonesian PSC and Other Fiscal Systems

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Revenue Accounting in Indonesian PSC and Other Fiscal Systems September, 6 th – 8 th 201 7 – Bandung COURSE OBJECTIVES Revenue Accounting, it seems like a straight forward computation of product’s volume multiplied by its price. You will learn more about its complexity when you attend this course, as it involves the depth knowledge of the Production Sharing Contract. The inter relationship between price, volume and cost recovery which will affect both contractor’s and the host country’s entitlements, and you should know it to better plan your lifting ahead of time. Price changes will always put your company into dilemma, because when price increases, contractor’s entitlement goes the other way around or vice versa. Cost Oil versus Cost Gas is also another interesting thing to be understood. You will also want to know as to what types of fiscal systems that the other countries in the world use. Domestic Market Obligation is another area of cha

PSC Knowledge

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General Petroleum Concepts and Production Sharing Contract Accounting ( A Quick Guide to Grab Production Sharing Contract Knowledge ) November 9th-11th 2016 - Bandung COURSE OBJECTIVES Today, oil and gas companies still signing new contracts for blocks in Indonesia. On the other cases, one company may take over another company who operates in Indonesia and the other may farm-in for certain percentages of undivided working interest from another company. These oil companies have to run their operations either as operator or non operator under the Production Sharing Contract or other agreements. They need you who understand the Production Sharing Contract and the like to run various jobs, so that the operations can be managed efficiently and effectively in technical or administrative senses.   Not only crude price changes frequently and drastically which create challenging jobs for you to run the economics of the block(s), in addition to that PSC term

New Control Management: POD, WP&B, FQR, AFE, PIS, and PPP CONCEPTS

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N EW C ON T ROL M A N A GEME N T : P O D , WP & B, F QR, A F E , P I S , a n d PP P C ONCE P T S b a sed o n J O I N T C OOPER A T I ON C O NT R A C T A S P E C T S ( K3 S) 19 -   21   Oktober   2 0 1 6 , Ba ndun g I N S TR UK T U R : I r . K U S W O WA HY O N O , M M P E N D A HU L U A N B e n t uk P ro du c t i o n Sh a r i n g C on t r a ct ( P SC ) m e mb er i k a n a k s e s p a da k e g i a t a n e k s p l o r as i d a n p e n g e mb a n g a n i n d u s t r i h ul u m i n y a k d a n g a s b u mi ( m i g a s ) y a ng d i t a n d a i d e n g a n p e mb a g i a n produk s i m i g a s s e b a g a i h a s i l k e r j a s a ma a n t a r a i n v e s t or ( " K on tra k t o r ") d e n g a n P e m er i n t a h s e b a g a i p e m e g a ng h a k a t a s t a mb a ng m i g a s ( m i ne ral r i gh t ). P r oy e k e k s p l o ra s i d a n p e n g e mb a n g a n i n d u s t r i h ul u m i g a s d i