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COST CONTROL AND FINANCIAL REPORTING OF THE UPSTREAM OPERATION OF OIL AND GAS UNDER INDONESIA PSC

Training Syllabus:
COST CONTROL AND FINANCIAL REPORTING
OF THE UPSTREAM OPERATION OF OIL AND GAS UNDER INDONESIA PSC

DESCRIPTION :
This course is designed for those interested in learning how to set up control of cost for each stage of the upstream operation activity as an additional working knowledge to support his or her assignment.

Concepts and theory are presented in such a way that will invite participants to be actively involved in the discussions. The presentation of related cases and discussion of current issues are intended to help participants in turning the theory into practical knowledge.

TRAINING OBJECTIVE :

• To describe cost concept in the upstream Oil & Gas operation
• To learn how to set up control of cost for each stage of activity
• To understand concept of accruals and its practice
• To learn how to calculate Operating Costs

TRAINING MATERIAL OUTLINE :
1. General
• Petroleum Accounting principles
• Indonesian PSC Accounting
2. Cost Classification
• Acquisition cost
• Exploration cost
• Development cost
• Production cost
• Administration and General cost
3. Capital and Non Capital Cost
• Definition
• Capital Budgeting
• Depreciation
4. Authorization for Expenditures
• Why need AFE?
• Project vs. Non-Project
• AFE revision, and supplement
• AFE control and report
5. Accruals
• Concept and theory
• How to control and calculate the number to be accrued
6. Expense Performance Report
• Preparation of report
• Analysis and adjustment
7. Operating Costs
• Definition
• Method of calculation
8. Case study

VENUE : Yogyakarta (Ibis Styles Hotel/ Ibis Malioboro Hotel/ Jambuluwuk Hotel/ Cavinton Hotel/ Grand Zuri Hotel, dll)

TRAINING DURATION : 3 days

TRAINING TIME :

Januari 2024Februari 2024Maret 2024April 2024
3 – 5 Januari 20245 – 7 Februari 20244 – 6 Maret 20241 – 3 April 2024
8 – 10 Januari 202412 – 14 Februari 202412 – 14 Maret 202422 – 24 April 2024
15 – 17 Januari 202419 – 21 Februari 202418 – 20 Maret 202429 April – 1 Mei 2024
22 – 24 Januari 202426 – 28 Februari 202425 – 27 Maret 2024
29 – 31 Januari 2024
Mei 2024Juni 2024Juli 2024Agustus 2024
6 – 8 Mei 20243 – 5 Juni 20241 – 3 Juli 20245 – 7 Agustus 2024
13 – 15 Mei 202410 – 12 Juni 20248 – 10 Juli 202412 – 14 Agustus 2024
20 – 22 Mei 202419 – 21 Juni 202415 – 17 Juli 202419 – 21 Agustus 2024
27 – 29 Mei 202424 – 26 Juni 202422 – 24 Juli 202426 – 28 Agustus 2024
29 – 31 Juli 2024
September 2024Oktober 2024November 2024Desember 2024
2 – 4 September 20241 – 3 Oktober 20244 – 6 November 20242 – 4 Desember 2024
9 – 11 September 20247 – 9 Oktober 202411 – 13 November 20249 – 11 Desember 2024
16 – 18 September 202414 – 16 Oktober 202418 – 20 November 202416 – 18 Desember 2024
23 – 25 September 202421 – 23 Oktober 202425 – 27 November 202426 – 28 Desember 2024
28 – 30 Oktober 2024

INVESTMENT/ PERSON :

  1. Rp. 6.950.000/person (full fare) or
  2. Rp. 6.750.000/person (early bird, payment 1 week before training) or
  3. Rp. 6.500.000/person (if there are 3 persons or more from the same company)

FACILITIES FOR PARTICIPANTS :
1. Training Module
2. Flash Disk contains training material
3. Certificate
4. Stationeries: NoteBook and Ballpoint
5. T-Shirt
6. Backpack
7. Training Photo
8. Training room with Full AC facilities and multimedia
9. Lunch and twice coffeebreak every day of training
10. Qualified Instructor