Overview

Thanks to the deregulation in oil and gas industry in Indonesia. It opens up opportunity to participate as independent PSCs at a much faster rate that has never been experienced before. The course will provide you with a practical knowledge of how evaluation methods commonly used in the evaluation, acquisition and divestment of oil and gas properties and discussion floor on risks relative to the placement of the targeted property in a field's life-cycle. The course will be based on practical examples, and will cover aspect of PSC in exploratory and development stage. The methods used to rank projects will be discussed in detail.

Benefits of Attending

The course will give you the right set of skills to assess your opportunity for participation in oil and gas assets, by developing a ranked portfolio inline with your company strategy 

Who Should Attend?

• Managers and professionals: they will learn a systematic approach to decision making for field development using economic methods.
• Investors in the business: they will appreciate how to evaluate and rank on oil or gas field investment opportunity 

Course Content

1.  Concept of reserves: technical, proven, probable, possible, the legal base

1.  Asset Valuation:

• Methods for estimating and forecasting oil and gas reserves
• Determination of cash flow
• Measures of profitability
• Measures for fair market value determination
• Incorporation of risk and uncertainty in the evaluation process
• How the opportunity is defined in the new law

1.  Investment Decision Making: Evaluation of Alternatives and Risk

1.  Portfolio ranking

Course Leader

Dr. Ir. Sri F. Tarmizi, MBA