top of page
  • Basic Petroleum Economic and Risk Analysis for Supporting Personels
    Basic Petroleum Economic and Risk Analysis for Supporting Personels
    This introduction to petroleum economics is an engaging and highly motivating course that allows participants to grasp the fundamentals of how an upstream organization works in financial terms and what is needed to become a successful enterprise.
  • Personal Effectiveness & Time Management
    Personal Effectiveness & Time Management
    This program or training course provides participants with the opportunity to explore the fundamental principles of time management, take stock of their current working practices, and determine action to enhance personal, team, and organizational effectiveness.
  • Professional Business Writing (In English/Bahasa Indonesia)
    Professional Business Writing (In English/Bahasa Indonesia)
    This course provides an introduction to business writing skills as they relate to the drafting of emails, memos, and business letters. During this course, we will describe and apply structuring and business writing techniques designed to cater to the modern business environment.
  • Process Mapping for Improvement
    Process Mapping for Improvement
    Multiple Dates
    Tue, Feb 27
    By the end of this course, through several highly engaging workshops, participants will be able to provide process documentation and illustrations (process maps).
  • 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.
  • Interpersonal and Workplace Communication Skills
    Interpersonal and Workplace Communication Skills
    Interpersonal skills are considered a major indicator of success in the workplace because they enable employees to communicate effectively with colleagues, help their team solve problems, and improve the general office mood.
  • Competence Development Master Class for Secretaries and Administrators
    Competence Development Master Class for Secretaries and Administrators
    This Masterclass is designed to give trainees a better understanding of the ‘people skills’ and ‘individual skills’ that are needed in a business environment and which can help them develop their existing competencies into superior skills.
  • Innovation & Productivity in the Workplace
    Innovation & Productivity in the Workplace
    This training course builds an agenda to improve your creativity and productivity, enhance your professional reputation, and enable you to apply innovative work practices. Then, You will realize your strengths and fulfill your true managerial leadership potential.
  • Risk Management & Corporate Governance
    Risk Management & Corporate Governance
    This course provided insights regarding the main factors that are essential to the successful financial management of corporations.
  • PSC Cost Recovery and Gross Split
    PSC Cost Recovery and Gross Split
    Multiple Dates
    Mon, Mar 04
    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.
  • Sustainable Supply Chain Management
    Sustainable Supply Chain Management
    Multiple Dates
    Mon, Mar 04
    This course has a unique focus on sustainability and ethical trading. We’ll help you become a professional capable of making decisions that consider the full range of economic, social, and environmental impacts of supply chains.
  • 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.
  • Offshore Oil and Gas Development Projects, Concepts and Facilities
    Offshore Oil and Gas Development Projects, Concepts and Facilities
    Participants in this training seminar will gain a good understanding of the concept selection, engineering, functional, processing, construction, project management, and cost aspects of oil and gas production and export facilities.
  • Leaders as a Coach
    Leaders as a Coach
    Multiple Dates
    Mon, Mar 04
    Coaching and mentoring is an increasingly critical aspect of the leader’s role. As the trend towards blended learning for staff accelerates, managers are required to take a greater role in the informal side of learning, most commonly in the form of on-the-job coaching and mentoring.
  • International Oil & Gas Business Management
    International Oil & Gas Business Management
    This course will provide a basis for functional managers and those whose experience has been limited to a particular area of the industry, to prepare for additional responsibilities by providing a broad base of knowledge covering the total spectrum of the Oil and Gas business and related skills.
  • Working at Heights
    Working at Heights
    Multiple Dates
    Tue, Mar 05
    The “Working at Heights” Training is designed to provide personnel with the ability to recognize the potential for serious injury when working at heights and determine safe methods available to minimize the risks involved.
  • Train the Trainer: From Design to Delivery
    Train the Trainer: From Design to Delivery
    "Training the Trainers" covers key areas in which prospective trainers have the responsibility of preparing, developing, delivering, and evaluating training programs.
  • Strategic Human Resources & Talent Management
    Strategic Human Resources & Talent Management
    "The Strategic Human Resources Management" course is based on a proactive approach to the management of people. Using your workplace as the starting point, you will walk through a strategic, competency-based human resource management facilitation model.

Our Upcoming Trainings

WP&B, FQR, POD, PIS, AFE and AFE Closed out
WP&B, FQR, POD, PIS, AFE and AFE Closed out

Mon, Aug 26

|

Indonesia

WP&B, FQR, POD, PIS, AFE and AFE Closed out

This course is designed to give participants (concentrated on the secretaries and administrative personnel), an understanding and better picture of how the AFE, WP&B, POD, and FQR which are prepared and compiled in the OIL & GAS companies to be submitted to SKKMIGAS.

Time & Location

2 more dates

Aug 26, 2024, 8:00 AM – Aug 28, 2024, 5:00 PM

Indonesia

About The Training

OVERVIEW

This course is designed to give participants (concentrated on the secretaries and administrative personnel), an understanding and better picture of how the AFE, WP&B, POD, and FQR are prepared and compiled in the oil & gas companies to be submitted to SKKMIGAS.

Participants will be walked through the steps of AFE descriptions, and at the same time will be explained slightly regarding the activities of G&G, drilling, OIL & GAS reserves, onshore and offshore, production facilities, etc.

Afterward, the course will discuss slightly the Financial and Economics of POD, including all costs incurred in the AFE, WP&B, and FQR, as a Managerial control system done through the “Budgeting Procedures Manual” that had been set up and published by SKKMIGAS. The discussion will all be related to the Cost Recovery and the yearly Contractor Share and Government Share respectively.

OBJECTIVE

  • Enable participants to understand the process of preparing the AFE, WP&B, and POD
  • Have a better understanding that those four control systems could affect the PSC performance in Indonesia.
  • In general, knows more about the PSC activities in Indonesia.
  • Understanding of the entire process and knowledge of  AFE preparation, Work Program, Budget (WP & B), POD proposal, and FQR.
  • Supply the participants with more confidence to successfully navigate intricacies as of from technical to economical knowledge and compare to other OIL & GAS PSC, and contribute to the overall effectiveness as a control system of their company effort.

COURSE CONTENT

1. General Knowledge

  • AFE (Authorization Financial Expenditures)
  • AFE related to the Petroleum Industry.  Consists
  • of G&G studies, Seismic surveys, Drilling, and Production
  • Facilities, onshore and offshore.
  • WP & B ( Work Program and Budget )
  • POD  (Plan of Development)
  • FQR  (Financial Quarterly Report)

2. PSC Budgeting

  • Financial Budget included AFE for G & G, Seismic / Survey
  • Tangible and Intangible cost in Exploratory Drilling and
  • Development Drilling.
  • Capital and capital cost in Exploration,
  • Development, Production, and General Administration.
  • Operating Cost, Depreciation, and Cost Recovery
  • Fiscal Terms in Indonesia
  • Abandonment and Site Restoration
  • Insurance
  • Administrative Overhead, Technical Services.
  • Interest Recovery

3. POD

  • Lifting, Barrel,  MMCF, MMBTU, and Price Forecast.
  • Gross PSC Revenue, FTP, and Investment Credit.
  • Current Year Cost and Unrecovered Operating Cost
  • OIL & GAS cost.
  • Budgeted and Year-end entitlement.
  • Equity share, Conventional and Unconventional PSC.
  • Domestic Market Obligation.
  • Financial Budget and Financial Quarterly Report.
  • Monthly Provisional Entitlement.
  • Midyear review Budget, Revised Budget, and Current
  • Outlook.
  • Government Tax Entitlement percentage.
  • Oil & Gas reserve, OOIP, OGIP, Recoverable reserves.
  • Trustee Paying Agent.
  • POD for OIL & GAS by field.
  • Slightly review of Gas is not Oil, shale gas, CBM, LNG,
  • CNG, LPG, etc.

Practice and simulation of WP&B, FQR, POD, PIS, AFE, and AFE Closed out

Post Test; Lesson Learned and Evaluation

Commitment and Action Plan

Share this Training

bottom of page