PSC Gross Split and PSC Cost Recovery | 28-29 Agustus 2018

Course Objectives are to Provide in-depth insights on:

• Current issues of PSC Gross Split vs PSC Cost Recovery
• Basic Philosophy of Integrated Investment Financial Aspect
• Fiscal Aspect of Oil and Gas Law 
• Fundamentals of Cost Accounting and Income Sharing
• The PSC comparison and analysis 
• Taxation and its Implications on the Field Development Economic Calculation

Discussions Areas

• PSC Production Sharing Contract Philosophy
• Financial Aspect of Oil and Gas Law Foundation and 
• PSC Term and Condition
• PSC Accounting and Petroleum Accounting
• PSC Gross Split: background, contain and implementation
• Oil and Gas Taxation

Course Subjects

Introduction 

• Current Issues
• Oil and Gas in Indonesia for next generation
• Indonesia oil and gas upstream business outlook

 Oil and Gas Law and regulation

• Current issues
• The revision of Oil and Gas Law: many option to declare
• GR 79/2010 and GR 27/2017 and the financial impact

The PSC Philosophy

• Spirit under PSC Cost Recovery
• The reason using the PSC Model
• Royalty and tax model
• Service contract
• Production Sharing Agreement 

Production Sharing Contracts

• Project Base Principles
• Full cycle Principles
• Interest holder of PSC
• Contractor and Operator 
• Management Control 
• Financial and Investment Aspect
• Budgeting and Reporting

Financial and Economic Aspects of Production Sharing Contracts

• First Tranche Petroleum
• Split before and after tax
• Operating Costs
• Cost Recovery
• Investment Credit
• Signature Bosus
• Domestic Market Obligation

PSC  Cost Recovery Calculation

• Accounting simulation and calculation
• Sensitifity of Price, Cost & Lifiting
• Pricing 
• Joint lifting and individual lifting

PSC Gross Split (GS)

• - Conceptual of PSC GS
• - Background and evaluation
• - The Financial impact
• - Economics calculation and simulation
• - Financial operation aspect

Petroleum Accounting Methods

• - Successful Effort
• - Full Costing
• - Production Sharing Contract

Taxation Issues 

• PMK 218 & PMK 158: PPN reimbursement
• PBB: Case LNG Operation
• PMK 09/2016 local and regional tax issues

Case Study

Who Should Attend

•   Accountants
•   Business Controller
•   Cost Control
•   Consultants
•   Economists
•   Lawyers
•   Financial analysts and planners
•   Company executives
•   Tax Managers
•   Engineering managers
•   Exploration managers

Your Course Leader

Dr. A. Rinto Pudyantoro is the author of

“A to Z Bisnis Hulu MIGAS” 

“Proyek Hulu Migas: Evaluasi dan Analisis PetroEkonomi”

“Dialog Tanya Jawab Migas”

Pendaftaran Training

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