PSC AND COST RECOVERY MECHANISM

October, 21st – 24th 2008, Kartika Plaza Hotel Bali

In Indonesia PSC Model, cost recovery is the cost aspect that high impact to calculation share for government and contractor. The Reporting Cost Recovery and Budget of the Finance Department is closely related to both the planning and the control functions. This function encompasses the interpretation of the figures, and provides all levels of management with all the facts when needed. Its duty is not discharged until the management actually understands the facts. In most cases, the management should translate absolute fact and statistics into trends and relationships.

WHO SHOULD ATTEND?

Finance, Accounting, Budgeting, Cost controller, Audit, Tax, Project economics, Financial analysts, Any person who wish to enhance about above aspect

TRAINING OUTLINE

Overview of Business Process of Oil and Gas Industry
PSC Term and Conditions
Introduction to PSC and Cost Recovery Mechanism
Contractual Requirements & Financial Aspects

· Production Sharing Contract
· Joint Operation Agreement
· Types of contracts
· Ring Fence Policy
· Crude and Gas Pricing
· Revenue Oil & Gas
· Farm-In / Farm-Out
· Production Lifting
· First Trance Petroleum
· Domestic Market Obligation
· Investment Credit
· Incentive PackagesHome Office Overh

Accounting Procedures

· Accounting Method
· Operating Costs
· Depreciations
· Treasury Cash Calls & Cash Flow
· Joint Interest Billing
· Abandonment Costs

Reporting System

· Manual Procedures and Tools of Reporting System
· Financial Status
· Capital Expenditures
· Production Expense
· General Administration Expense
· Cash Settlement

Cost Recovery Mechanism

· Analysis of Cost Recovery Elements
· Methods of Recovery of Operating Costs
· The Calculation Method difference between PSC Cost Recovery and Others Industry Firms Profit & Loss

· Case Study in Oil and Gas Splitting Contract Agreements Calculation

TRAINING METHOD
Lecturing and class room session, Case Study , Interactive Sharing Information and ExperienceGroup Discussion, Question and Answer Session

FACILITATORS :

Bambang Yuwono, M.Sc. B.Sc. and Drs. H Moehardjo.

TRAINING FEE :

Call INDOCITA

FACILITIES

The above fee including: Hand out (hard & soft copy), Bag, Block note, stationary, certificate attendance, photo, lunch and coffee break

INFORMATION’S & REGISTRATION
Phone : (62.21) 798.0210, Fax : (62.21) 798.0170
E-mail : indocita@cbn.net.id
Direct phone to :

Shanti : 0812.969.7738 Danti : 0815.794.2252 Syane : 0812.925.3095

Arda : 0815.812.9791 Devi : 08787.8096.261 Aida : 0813.1884.2409