PRODUCTION SHARING CONTRACT at Financial Aspect in Indonesia

     COURSE DESCRIPTION        

This course is designed to help participants to get a comprehensive understanding regarding cost recovery and other financial aspects of Indonesia PSC to ensure that the company expenditures will be calculated thoroughly and cost recovered properly. Detailed of Cost Recovery calculation and single item of expenditures that allowed to cost recovered will be discussed intensively   including how to avoid potentials of un-recovered cost items.

Illustrative examples that present and explain concepts to ensure that participants gain a deep understanding of the cost recovery and other financial aspects will be presented and discussed during the course. Emphasis is placed on understanding the nature of costs that are unique to an oil & gas company upstream operation under Indonesia PSC and how these costs behave under different conditions.

By attending this course, participants are expecting to be able to develop a model of cost recovery calculation that can be applied back in their own work place.

Who Should Attend?

Professionals in the Company who want to get an additional working knowledge of Cost Recovery and Financial Aspects of Indonesia PSC to enhance their cost consciousness in performing their tasks.

     COURSE CONTENT

Overview of Relevant Sections of the Contract

• Work Program and Budget
• Rights and Obligations of the Parties
• Recovery of Operating Costs and Handling of Production
• Valuation of Crude Oil and Natural Gas
• Payments
• Title of Equipments
• Books and Accounts and Audits
• Exhibit C- Accounting Procedures

Operating Costs

• Definition
• Non Capital Costs
• Capital Costs

Accounting Methods to be Used to Calculate Recovery of Operating Costs

• Depreciation
• Overhead Allocation
• Interest Recovery
• Gas Costs
• Inventory  Accounting
• Abandonment and Site Restoration

Other Regulations

• Government Regulation on Cost Recovery ( PP 79/2010)
• Minister Regulation ( Permen ESDM 22/2008)

General Discussion of Current Issues

     COURSE METHOD

  Lecturing, Presentation, Discussion, and Case Study, Evaluation, Pre Test & Post Test

    INSTRUCTOR

Dr. Baldric Siregar, Akt., MBA And TEAM

     PARTICIPANTS     

Finance, Procuerment manager, Cost Analyst, Contract Admin, Public

FACILITIES   

·     Training Modul

·     Training Kit   

·     Certificate

·     Breakfast & Lunch & Coffee Break            

·     Souvenir

·     Picking up services form air port to green villa / green villa to air port

·     Menginap di hotel

      TIME & VENUE

     Date    :  16-18 November 2011                    Time :  08.00 – 16.00 WIB

     Venue  :  Yogyakarta, Hotel Puri artha

                                                                                    INFORMATION  &  REGISTRATION

 

   JP CONSULTANT professional consulting, TraINING & outsourcing

   Kalibayem No. 436 .Ngestiharjo Kasihan Bantul Yogyakarta

Phone: 0274 3326339

Mobile: 0812 2758271, 08994500011 

   Email : jpconsultantyogyakarta@yahoo.com

   Contact Person : SARI

REGISTRATION

Biaya kursus: Rp 5.500.000,- perorang  Non Residential.

Rp. 7.000.000,- Residential

Pembayaran dapat dilakukan melalui transfer dinomor rekening:

PT Bank Mandiri

Cabang Yogyakarta

Acc. No. 137-00-07857077

a/n cv. JP CONSULTANT