Training Seminar Provider: Short Course, Workshop, Public Training and In-house Training: The PSC of Oil & Gas Industry

Kamis, 05 Februari 2009

The PSC of Oil & Gas Industry

COURSE OBJECTIVE

Contractual systems consist of concession contract, production contractual contracts and other contractual forms. Mostly, The PSC (Production Sharing Contract) is applied for Indonesia Oil and Gas industry. In PSC, management is under the government. The contractors should submit WP&B, POD and AFE to be approved by BP Migas.

Petroleum is common property resources, therefore its management should give greatest benefit for the people. The Key issues of contract are the ownership of hydrocarbons and state sovereignty of natural resources, goals of petroleum policy, state participation, petroleum authorities, the role of national companies, exploration and production regulations. Petroleum business is just like other business which is aimed to make profit. Profit is a function of production, price, costs and government take (tax and non tax) and minimum return. To maintain production, any business needs to maintain stock, Stock in Petroleum Business is proven reserves. Petroleum business is a risky business.

To understand Petroleum Industry needs knowledge of petroleum proven reserve and production, price, costs, government take, contractor profit, minimum return and risks of Petroleum Business.