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Our Upcoming Trainings

PSC Cost Recovery and Gross Split
PSC Cost Recovery and Gross Split

Mon, Mar 04

|

Indonesia

PSC Cost Recovery and Gross Split

This course covers the basic concepts and principles of Production Sharing Contract (PSC) Cost Recovery and Gross Split mechanisms in the Oil and Gas industry.

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Time & Location

2 more dates

Mar 04, 2024, 8:00 AM – Mar 06, 2024, 5:00 PM

Indonesia

About The Training

OVERVIEW

This course covers the basic concepts and principles of Production Sharing Contract (PSC) Cost Recovery and Gross Split mechanisms in the Oil and Gas industry. The course will provide an understanding of the key terms and components of PSCs, the purpose and benefits of Cost Recovery and Gross Split mechanisms, and the calculation and allocation of costs and revenues under each mechanism. The course will also explore the differences between the two mechanisms and the factors that influence their selection and application.

OBJECTIVES

By the end of this training course, participants will be able to:

  • Understand the basic principles of PSCs and their role in the Oil and Gas industry
  • Identify the key components and terms of Cost Recovery and Gross Split mechanisms
  • Explain the purpose and benefits of each mechanism and their impact on project economics
  • Calculate and allocate costs and revenues under each mechanism
  • Understand the differences between Cost Recovery and Gross Split mechanisms
  • Evaluate the factors that influence the selection and application of each mechanism

TARGET PARTICIPANTS

  • Financial Analysts
  • Company Executives
  • Tax Specialists
  • Engineering Managers
  • Auditors
  • Exploration Managers
  • Consultant Lawyers
  • Economists
  • Accountants

COURSE CONTENTS

1. Introduction to PSCs

  • Definition and types of PSCs
  • Key terms and components of PSCs

2. Cost Recovery Mechanism

  • Definition and Purpose of Cost Recovery
  • Cost categories and eligible costs
  • Cost Recovery calculation and allocation
  • Limitations and Challenges of Cost Recovery

3. Gross Split Mechanism

  • Definition and Purpose of Gross Split
  • Calculation and allocation of revenue under Gross Split
  • Advantages and Disadvantages of Gross Split
  • Factors influencing the selection of Gross Split

4. Comparison of Cost Recovery and Gross Split

  • Differences in the calculation and allocation of costs and revenues
  • Economic considerations and impact on project profitability
  • Factors influencing the selection of Cost Recovery or Gross Split

5. Case Studies and Examples

  • Real-life examples of Cost Recovery and Gross Split mechanisms
  • Evaluation of project economics under each mechanism

6. Conclusion

  • Summary of key concepts and principles
  • Discussion of future trends and developments in PSCs and Cost Recovery/Gross Split mechanisms

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