The PSC of Oil & Gas Industry

The PSC of Oil & Gas Industry

Grand Serela Hotel, Bandung | October 28-30, 2009 | Rp.5.750.000,-

COURSE OBJECTIVE

Contractual systems consist of concession contract, production contractual contracts and other contractual forms. Mostly, The PSC (Production Sharing Contract) is applied for Indonesia Oil and Gas industry. In PSC, management is under the government. The contractors should submit WP&B, POD and AFE to be approved by BP Migas.

Petroleum is common property resources, therefore its management should give greatest benefit for the people. The Key issues of contract are the ownership of hydrocarbons and state sovereignty of natural resources, goals of petroleum policy, state participation, petroleum authorities, the role of national companies, exploration and production regulations. Petroleum business is just like other business which is aimed to make profit. Profit is a function of production, price, costs and government take (tax and non tax) and minimum return. To maintain production, any business needs to maintain stock, Stock in Petroleum Business is proven reserves. Petroleum business is a risky business.

To understand Petroleum Industry needs knowledge of petroleum proven reserve and production, price, costs, government take, contractor profit, minimum return and risks of Petroleum Business.

COURSE CONTENT

1. Dynamics of Petroleum Business
2. Methods to Measure Profit Indicators
3. Cost, Cost Recovery and Recoverable Cost
4. Government Take from Tax and non Tax
5. Net Contractor Share and Contractor Cash Flow
6. Important Issues on Law, Fiscal and Frame work of Upstream Petroleum Contracts
7. General Assessment on Petroleum Exploitation and Production Concession
8. Production Sharing Contract
9. Investment Credit and Domestic Market Obligation
10. First Tranche Petroleum

PARTICIPANTS

• Financial Analyst
• Project Engineering and Economic Team
• Development Planning Team
• Geophysicist and Geologist
• Reservoir Engineers, Production Engineers
• Anybody who wish to know The PSC and Oil and Gas industry

Instructor
Prof. DR. Ir. Widjajono Partowidagdo, M.Sc

Prof. DR. Ir. Widjajono Partowidagdo, M.Sc is a Professor in Petroleum Economics and Field Management at the Faculty of Mining and Petroleum Engineering, Institut Teknologi Bandung and a member of P3 Migas Team (Supervision for Increased Petroleum Production). He was the Head of the Research Group in Drilling and Production Engineering and Management of Oil and Gas at the Faculty of Earth Sciences and Mineral Technology, ITB from 2005-2007, Head of Graduate Program in Development Studies ITB from 1993-2004, Vice Dean for Academic Affairs, Faculty of Mining Technology and Senate Member of ITB from 1994-1997 and Coordinator for Research in Sustainable Development at the Inter-University Center for Economics, University of Indonesia from 1989-1992.

He received his Bachelor in Petroleum Engineering from ITB, MSc in Petroleum Engineering, MSc in Operations Research, MA in Economics and PhD with a dissertation on “An Oil and Gas Supply and Economics Model for Indonesia” from the University of Southern California, Los Angeles, USA. He has written 2 books: Management and Economy of Oil and Gas, 2002 and Understanding Development and Policy Analysis, 2004.

Schedule
October 28-30, 2009
3 days

Venue
Grand Serela Hotel, Bandung

Tuition Fee
Rp.5.750.000,- per participant, excluding accommodation & tax.

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