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PSC Planning and Control (POD, WP&B, and AFE)
Background & About the Course
PSC Planning and Control (POD, WP&B, and AFE) are the main issue in oil & gas operation in Indonesia, aiming for the what so called Cost Recovery. The primary activity in the upstream oil and gas business is to search for and prove the existence of hydrocarbons. Once reserves are successfully identified, investment and development decisions will be made based on the economic calculations of the field. At this stage, PSC (Production Sharing Contract) Planning begins and becomes essential. The training will start with a discussion on project economics within the framework of PSC Cost Recovery and PSC Gross Split. This will be followed by discussions related to the Plan of Development (POD), covering concepts, regulations, procedures, and documentation preparation.
Once the planning process is aligned, the discussion will continue with the preparation of Work Program and Budget (WP&B) and Authorization for Expenditure (AFE) for annual work. The discussions on WP&B and AFE will not only cover procedures but will also delve into the underlying concepts and principles behind the regulations and preparation processes.
Course Objectives
After completing this training, participants will gain a comprehensive understanding of the subject matter, equipping them with valuable knowledge that will be beneficial in their daily work.
Who Should Attend
This training is highly suitable for:
- Employees in the Oil & Gas sector
- Field technical workers
- Exploration, drilling, production, and maintenance teams, including support teams such as:
- Warehouse staff
- Supply chain teams
- Planning managers, both commercial and project development team members
- Support teams from finance, human resources, public relations, legal, administration, and other operational teams
Course Content
- Upstream Business: National & Global Issues
- The Operation of PSC Cost Recovery & PSC Gross Split from a Business Planning Perspective
- Cost and Cost Recovery Treatment: Misunderstandings of Cost Recovery Principles
- Cost and Taxation under PSC Gross Split
- Development: Reserves, Resources, and Production Forecasts; Estimating Project Revenues Over Time; Estimating Costs and Cash Outlays Over Time; Analyzing Net Cash Flows; External Factors Affecting Project Analysis
- Discussion on Decision Criteria and Cash Flow Analysis: NPV, IRR, Payback Period, Profitability, Discount Rates, Break-even Analysis
- Corporate Views of Risk: Marketing, Negotiations, and Concessions; Presentation of Project Analysis Results; Implementation in Indonesia; Legal and Contractual Aspects
- Plan of Development (POD)
- Work Program & Budget (WP&B) & Authorization for Expenditure (AFE).
- WP&B and AFE Based on PSC Cost Recovery and PSC Gross Split
About the Course Leaders
Dr. A Rinto Pudyantoro, MM, Ak, CA
has over 30 years of experience as a practitioner in the upstream oil and gas business. He began his career at VICO Indonesia for nearly 11 years, followed by 4 years at BP Indonesia, and spent 16 years working at BP Migas and SKK Migas.
As of May 2022, Dr. A Rinto Pudyantoro served as the Head of the Program and Communication Division at SKK Migas. He previously held the position of Head of the SKK Migas Representative Office for Papua and Maluku. Rinto has also worked in Oil and Gas Taxation at SKK Migas, in addition to handling Revenue Accounting and the State Budget.
Rinto has authored several books on upstream oil and gas business, including “A to Z of Upstream Oil and Gas,” “Oil and Gas Q&A Dialogues,” “Upstream Oil and Gas Projects – PetroEconomics,” and his latest work, “Oil and Gas Business – Assessing Issues.” He has published over 30 opinion pieces on oil and gas and upstream business in various print and online media.