PSC FINANCIAL ECONOMICS, POD, WP & B, AFE

DESCRIPTION

This course covers all aspect of the Indonesian PSC systems. It is designed to give you  a complete overview and good understanding of the system.

COURSE MATERIALS

Introduction
Consideration on the Petroleum Operation Investment
Basic Legal aspects of Petroleum Operation in Indonesia
Petroleum Fiscal Regime
The Indonesian Production Sharing Contract

- Basic Concept of the PSC

- Principles for Understanding the PSC

- Operation and Economic aspects

- Accounting Principles

Economic Indicator of the Indonesian PSC

-  First Trance Petroleum

-  Investment Credit and Operating Cost

-  Equity Share and Domestic Market Obligation

-  Incentive Packages

The Indonesian Petroleum Taxation

-  Direct Taxes – Corporate and Income Tax and

-  PBDR or Branch Profit Tax

-  Indirect Taxes – VAT, Local Taxes and Levies

-  Cases on PSC Tax Audit

Cost Structure of PSC

-  Activities and Cost Structure of Exploration and Development

-  Activities and Cost Structure of Production Operation

-  Activities and Cost Structure of General  Administration

-  Operating Cost and Production Split

Planning Budgeting

-  Grand Plan PSC

-  Work Program and Budget Expenditure

-  Budget Reporting

-  Authorization for Expenditure

Plan Of Development

-  Development Planning

-  Project Economic

Financial Analysis

- Comparison of Petroleum Accounting Systems

- Financial Analysis of the Petroleum Accounting

- Fiscal Regime and Financial Analysis        

PARTICIPANTS

1. Accounting personnel
2. Finance personnel
3. Engineers
4. Lawyers
5. Economists
6. Managers, supervisors and executives
7. Exploration personnel
8. Tax Accountants
9. Bankers

INSTRUKTOR

Drs. Arif Budiarto , M.Si, Akuntan & Team / Ichsan Setiyo Budi, SE. M.Si .AK & Team