top of page
  • Fundamental of Oil & Gas Industry in Indonesia: Conceptual, Practice & Site Visits
    Fundamental of Oil & Gas Industry in Indonesia: Conceptual, Practice & Site Visits
    This course is aimed at non-technical and technical people who are new to the oil & gas industry with little or no knowledge of the industry particularly in the Indonesian context.
  • Recruitment, Behavioural Interviewing and Selection
    Recruitment, Behavioural Interviewing and Selection
    In this course, you will learn about the methods of interviewing that allow interviewees to prove their worth.
  • Six Sigma Fundamentals
    Six Sigma Fundamentals
    Multiple Dates
    Tue, Jul 23
    Six Sigma is a management approach to making business excellent with a quality rate of 3,4 defects out of a million opportunities.
  • Treasury and Risk Management
    Treasury and Risk Management
    Multiple Dates
    Wed, Jul 24
    This course provides the mandatory foundation knowledge required to understand and run business processes for treasury and risk management.
  • HAZOP & SIMOP
    HAZOP & SIMOP
    Multiple Dates
    Wed, Jul 24
    This training is intended to provide knowledge and understanding of the study method of hazard and operability (HAZOPs) and Simultaneous Operations (SIMOPs) in facilities.
  • Petroleum Project Economics & Risk Analysis
    Petroleum Project Economics & Risk Analysis
    This course provides practical guidance in the application of the techniques of the economic analysis currently used in the oil & gas industry
  • Building Agile, Solid and High Performing Team Working Remotely
    Building Agile, Solid and High Performing Team Working Remotely
    Teams of all shapes and sizes have found themselves working remotely during the coronavirus pandemic. With tight timelines, low budgets, and stress on employees to produce superior results, organizations are looking for ways to transform yesterday’s in-office teams into high-performance remote teams
  • Credit Risk Analysis
    Credit Risk Analysis
    Multiple Dates
    Thu, Jul 25
    This highly practical course has been specifically designed for candidates aspiring for a career in Commercial and Retail Finance, Credit Appraisal, Credit Monitoring, Credit Ratings, and Credit Strategy.
  • Cost Control and Cost Reduction in the Upstream PSC Business Activity
    Cost Control and Cost Reduction in the Upstream PSC Business Activity
    This training course will provide information, and tools to the participants on the urgency of good control-internal control has achieved reference that the company has run its operations effectively and efficiently per and in compliance with company procedures, PSC Agreement, BPMIGAS, etc.
  • Report Writing and Communication Skills for Auditors
    Report Writing and Communication Skills for Auditors
    The course has been designed to provide you and your teams with a strong and practical framework of report writing and communication skills. This training course will utilize a variety of proven learning techniques to ensure maximum understanding, comprehension, and retention of the information.
  • Budgeting and Business Planning
    Budgeting and Business Planning
    Multiple Dates
    Thu, Aug 01
    This course will provide not only the theoretical background but also the necessary skills to build world-class standards in your planning, budgeting, performance measurement, and reporting system.
  • Managing Warehouse in the Future
    Managing Warehouse in the Future
    Multiple Dates
    Thu, Aug 01
    This training course will examine how the effects of the Coronavirus will force us to manage, and think, differently about warehousing.
  • The AMDAL (Environmental Impact Assessment) for the Executives
    The AMDAL (Environmental Impact Assessment) for the Executives
    This course will show how an EIA is not just an assessment of the positive or negative impacts that a proposed project may have on the environment, but a process that identifies these potential effects and seeks to avoid, reduce, or offset any adverse effects through mitigation measures if possible.
  • PSC Accounting & Financial Aspect in Production Sharing Contract (PSC)
    PSC Accounting & Financial Aspect in Production Sharing Contract (PSC)
    This full 3 days training program provides concise and comprehensive learning modules on the application of POD, WP&B, and AFE in the upstream oil industry and all production-sharing contract aspects in Indonesia.
  • Process Safety Management (PSM)
    Process Safety Management (PSM)
    Multiple Dates
    Tue, Aug 06
    This training provides an in-depth study of each PSM element.
  • Competencies: Design, Development and Implementation
    Competencies: Design, Development and Implementation
    You will learn the key aspects of defining terminology related to competency systems, how to develop and refine your system, and finally, the key factors involved with implementing this into the organization as part of the culture.
  • Agile with Scrum Project Management
    Agile with Scrum Project Management
    Multiple Dates
    Tue, Aug 06
    This interactive and experiential workshop teaches you how to envision the project goal and develop a path toward delivering it. You will learn how to start with a roadmap, elaborate that into a product backlog, and break the work down into small observable slices at appropriate times.
  • Innovation Through Design: Think, Make, Break, Repeat
    Innovation Through Design: Think, Make, Break, Repeat
    Throughout the course, you will gain many insights that will enable you to develop a comprehensive understanding of design and the role it can and does play within the innovation landscape.

Our Upcoming Trainings

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

Wed, Oct 16

|

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.

Time & Location

1 more dates

Oct 16, 2024, 8:00 AM – Oct 18, 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

Share this Training

bottom of page