PSC & International Petroleum Fiscal Analysis

INTRODUCTION

The course provides knowledge of the role of petroleum economics in decision making for both exploration and production ventures. It gives participants knowledge to perform economic evaluations using a selection of techniques,including discounted cash flow forecasting, ranking of projects against alternatives, and investigationof economic robustness.

Also, the course will provide an in-depth study of the details and dynamics of international petroleum fiscal system analysis and design in the context of an increasingly competitive global marketplace. For sure, Indonesia Production Sharing Contract (PSC) and its recent development will be one of course’s main focuse. 

WHO SHOULD ATTEND ?

This course is available for staffs working in Finance, Accounting, Budgeting, Tax, Cost Control, Financial Analyst, and other Department such as Legal, Administration, and Operation/Technical.

OBJECTIVES

After completing to this course you will:

• Gain a thorough understanding of the importance of Petroleum Economics to oil & gas business
• Gain a thorough understanding of International Fiscal System 
• Understanding how IndonesiaPSC works and its recent development

COURSE CONTENTS

Overview of Upstream Oil & Gas Business Process

Petroleum Economics

• Valuation & Cash Flow
• Decision Tools
• Uncertainty & Risk Analysis
• Corporate Finance & Economics

International Fiscal System Overview

• General Types & Variations of Fiscal Systems
• Basic Terms in a Petroleum Agreement
• General behavior of Fiscal Terms

Introduction to Production Sharing Contracts (PSC)

• Basic Law of Indonesia PSC Agreement        
• Plan Of Development (POD)
• PSC Accounting & Reporting

Concessionary Systems

• Introduction to Concessionary Systems
• Bonuses, Rentals & Fees
• Royalty
• Corporate Tax

Service Contracts

• Introduction to Service Contracts
• Cost Recovery
• Remunerations