INTEGRATED PETROLEUM ECONOMIC And ACCOUNTING

 

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.

Read more: Teknik Reklamasi dan Revegetasi Lahan

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

 

Course:

1.       OVERVIEW

2.       PSC TERM

a.        PSC CHARACTERISTIC

b.       FISCAL TERM

c.        PSC TAXATION

3.       PSC FLOW

a.        ECONOMIC SCHEME OF PSC

4.       BASIC PRINCIPLE OF PETROLEUM ECONOMIC

a.        PRINCIPLE OF  PETROLEUM ECONOMIC CALCULATION

b.       ECONOMIC INDICATOR

5.       PETROLEUM ECONOMIC ANALYSIS

a.        CASH FLOW

b.       NPV

c.        IRR

d.       MARR

e.       POT

f.         INCRIMENTAL ANALYSIS

6.       PSC ACCOUNTING

a.        WP&B

b.       AFE

 

 

INTEGRATED PETROLEUM ECONOMIC & RISK ANALYSIS

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 provides decision maker, manager, engineer and analysts with a quantitative consideration of risk and uncertainty, and how these factors can be used in formulating investment strategies in the petroleum industry. It introduces comprehensive ways to evaluate and compare risks associated with different investment choices.It also reviews the various contractual and fiscal terms prevalent in the petroleum industry, and how the various arrangements affect investment profitability.

COURSE TOPIC

1.      OVERVIEW

a.      IndonesiaUpstream Oil And Gas Business Process

b.      Upstream Oil And Gas Activity Phase

2.      PRINCIPLE OF PETROLEUM ECONOMIC CALCULATION

a.      Oiland Gas Production Profile Which Will Be Produced

                                                              i.      HC Inplace

                                                            ii.      Reserve and Recovery Factor

                                                          iii.      Production Forecasting/Lifting

b.      Costs That Have Or Will Be Issued

                                                              i.      Exploration Cost

                                                            ii.      Exploitation Cost

                                                          iii.      General Administration Cost

c.       Oil and Gas Prices Per Unit Volume

                                                              i.      Indonesia Crude Price (ICP)

                                                            ii.      Gas Price

d.      Revenue Sharing Mechanisms

                                                              i.      PSC Cost Recovery

                                                            ii.      PSC Gross Split

3.      PETROLEUM ECONOMIC ANALYSIS

a.      Cash Flow Analysis

b.      NPV Analysis

c.       IRR Analysis

d.      MARR

e.       POT

f.        Incremental Analysis

g.      Comparing Economic Indicator

 

4.      RISK ANALYSIS

a.      Oil and Gas Upstream Business Risk

b.      Risk & Uncertainty

c.       Expected Value Concept

d.      Decision Tree Analysis

e.       Farm-out Decision

f.        Probability Analysis

g.      Sensitivity Analysis

h.      Spider and Tornado Diagrams