TRAINING FINANCIAL STATEMENT ANALYSIS IN UPSTREAM OIL AND GAS INDUSTRY

This course is designed to give participants understanding and better picture as to how the PSC (Production Sharing Contract) for Petroleum (oil&gas) industry applied in Indonesia. Participant will be walked through the steps of understanding the basic philosophy of PSC agreement, and at the same time will be explained the lightly of technical aspects of activities in G & G, drilling, production facilities, financial economics etc.

Afterward the course which discusses the financial budget and reporting procedures manual, including AFE, WP & B, FQR, participants will be explained thoroughly the POD economics calculation complete with case studies respectively

• To enable participants to closely understand the PSC exhibit “C” related to PSC financial aspect.
• Have a better understanding that AFE, WP & B, FQR and the related cost recovery, could significantly affects the contractor share and government share respectively.
• In general, knows more of the technical and economics aspect of oil & gas industries.
• To enable participants to closely understand the PSC exhibit “C” related to PSC financial aspect.
• Have a better understanding that AFE, WP & B, FQR and the related cost recovery, could significantly affects the contractor share and government share respectively.
• In general, knows more of the technical and economics aspect of oil & gas industries.

• Budget ( Annual, AFE, POD)
  • What is budget
  • Budget function
  • Type of budget
• Budget in oil & gas company
  • G & G
  • Capital Expenditures ( Exploratory wells, Development wells, Development Facilities,Facilities,Warehouse stock)
  • Operating Expenditures ( Department Cost Centers, Special well repairs,Abandonment & Site restoration, Insurance, Administrative Overhead)
  • Barrel Plan & Price Forecast
• Cost Recovery
  • Non Capital
  • Capital & Prior year unrecovered operating Costs
  • Oil & Gas Allocation
• Gross PSC Revenue, FTP & Investment Credit
  • Equity Share
  • Domestic oil obligation
  • Budgeted Entitlement
  • SKKMIGAS’S work program & budget
  • SKKMIGAS’S monthly provisional Entitlement
  • AFE ( Authorization Financial Expenditures)
  • Midyear Review Budget & Revised Budget
  • Accruals, Cash settlement & government tax
  • FQR ( Financial Quartelly Report)

• Financial Analyst and Corporate Planner
• Accounting Manager
• Senior Accountant
• Financial Controller
• Tax Specialist or Tax Manager
• Finance Director