TRAINING INTEGRATED PETROLEUM ECONOMIC & ACCOUNTING

OVERVIEW

The course participants will have a thorough background understanding of the general concepts, procedure and terminology of petroleum economics and profitability analysis of Oil and Gas Projects. In particular it emphasizes the peculiarity and fiscal arrangements of the petroleum industry.

It also reviews the various contractual and fiscal terms prevalent in the petroleum industry, and how the various arrangements affect investment profitability.

OUTLINE COURSE

1. OVERVIEW

2. PSC TERM

   1. PSC CHARACTERISTIC
   2. FISCAL TERM
   3. PSC TAXATION

3. PSC FLOW

   1. ECONOMIC SCHEME OF PSC

4. BASIC PRINCIPLE OF PETROLEUM ECONOMIC

   1. PRINCIPLE OF  PETROLEUM ECONOMIC CALCULATION
   2. ECONOMIC INDICATOR

5. PETROLEUM ECONOMIC ANALYSIS

   1. CASH FLOW
   2. NPV
   3. IRR
   4. MARR
   5. POT
   6. INCRIMENTAL ANALYSIS

6. PSC  ACCOUNTING

   1. WP&B
   2. AFE

RECOMMENDED AUDIENCE

• Finance & Accounting Personnel
• Petroleum Economists & Commercial Analysts
• Planning, Budgeting & Cost Control Engineers
• Tax & Legal Advisors