Oil  and  Gas  industry  in   Indonesia  involves  many strategic  opportunities  because of  the  attractiveness  in economics benefit, advance technology  appliances and country / political risk condition. Therefore Oil and Gas  industry  projects in Indonesia  are managed and controlled by the Government based on the 1945 constitution of the Republic of Indonesia.

These  3 days  workshop is intended  to provide more understanding focuses  mostly  on  upstream  Oil and Gas project, consists of exploration, development and production  facilities  project and the related financial  project report point of view.

The participant would be guide to meet  the  financial and  economics  project  proposal,  and  the  financial reporting system  and procedures applied, as mention in  the Production Sharing Contract in Indonesia. These topics is concentrated in investment in Oil and Gas project include the Cash Flow analysis.

Participant could be people from various departments within the PSC company, and Pertamina employee of upstream departments, geologist, geophysicist, petroleum engineers, economics engineers, controllers, senior and junior staff, finance people, lawyers, auditors etc. Everybody in the company must learn  the cash flow analysis of  fund invested in the Oil & Gas Projects.

Program Topics

Day I 

Introduction of the Oil & Gas Project.

Uncertainty of  reserves, technical and financial risk.  Project risk, High,  medium   and  low  risk.  Establishing  project control. PSC  Project  Criteria,  exploration and deve- lopment   project,  production   facilities  project  and certain  other project included in BPMIGAS financial procedures  manual  of  Authorization  Financial  Expenditures

Day  II & III

PSC project AFE, and actual report.

AFE/Project for Exploration,  Development,  Drilling and Production Facilities Project. Field Development Economics. Production, Lifting, ICP,  Revenue,  FTP and  Cost Recovery; Entitlement, DMO, Government Tax, and Cash  Flow Analysis. Questionnaire.

Course Leaders

E.R. Suwatidjah