WP & B, AFE AND POD

February, 16th -19th 2010, Bandung


Plan of Development (POD) is the key point in the Oil and Gas business of Indonesia Upstream Oil and Gas project. POD is a guideline for “The Contractor “ (KKKS) to operate their project. There is a planning program, that describe of project activities during the contract. KKKS also should construct the detail of program activities and budgeting (WP&B)), and financial authorization (AFE). In the Indonesia PSC Term, WP & B, AFE and POD is the integrated aspect that every “Contractor” should propose to BP. Therefore, between BP Migas and the Contractor should have the same perception all about aspect of POD, AFE and WP&B especially about the basic principle, mechanism and procedure, system and operational guidance.

TRAINING OUTLINE
• Upstream Oil and Gas Activity [Exploration Licensing, Exploration, Drilling Development, Production and Transportation, Marketing and Selling]
• Regulations of Indonesia Upstream Oil and Gas and Other Policy related to field development program
• The PSC Terms and Conditions
• Introduction to Oil and Gas Field Development Program & some basic consideration to propose the Field Development Program
• Basic Principle and General Procedure and Mechanism of POD, AFE and WP&B
• Petroleum Accounting Principle : Successful Efforts, Full Costing and Reserve Recognition Accounting; Type of Cost : Capital Vs Non Capital; Exploration Budget; Drilling & Development Budget; Production & Facilities Budget; General Administration and Support Activities Budget; Financial Summary
• Budget Scheduling Program (BS 1-17)
• Financial Expenditure : Basic principle; Preparation; AFE Seismic and G&G; AFE Development and Drilling Wells; AFE Production Facilities and Support (BS 18-26)
• AFE Process, Reporting and Close Out
• Oil and Gas Resources and Reserves
• Project Economics, Evaluation and Risk Analysis

TRAINING METHOD
• Lecturing and Class room session
• Case Study
• Interactive sharing information and experience
• Group discussion, question and answer session

INFORMATION & REGISTRATION
Phone : (62-21) 798.0210
Fax : (62-21) 798.0170
www.indocita.com