UNDERSTANDING OF THE ESSENTIALS UPSTREAM PETROLEUM BUSINESS PROCESS AND FISCAL SYSTEMS IN INDONESIA AND OTHER COUNTRIES
May, 6th– 8th 2013 – Phoenix Hotel Yogyakarta
Course Objectives :
Petroleum industry is the world’s largest industry, in terms of value as well as the complexity. Capital intensive, highly regulated, and very sensitive to geopolitical changes and world economic condition caused the petroleum industry as the most risky industry.
The petroleum operations are classified as being either upstream or downstream. Upstream activities include exploration, acquisition, drilling, developing, and producing oil and gas. Upstream activities generally include all of the activities involved in finding and producing oil and gas up to the initial point that the oil or gas is capable of being sold or used. Upstream activities are frequently referred to as exploration and production activities, or E&P activities.
The focus of the program is on practical aspects of upstream petroleum business process, petroleum fiscal systems, and industry-government relationship. This program gives participants an improved understanding of various business aspects and financial issues pertaining to oil and gas upstream operations specifically in the business process and petroleum fiscal systems in Indonesia and other countries as well, which cover the following:
Course Content :
I. INTRODUCTION
II. UPSTREAM PETROLEUM BUSINESS PROCESS
· Acquisition of property
· Exploration
· Development
· Production
III. PETROLEUM FISCAL SYSTEMS
· Concessionary Systems
· Production Sharing Contracts
IV. INDONESIA FISCAL SYSTEMS
· Production Sharing Contracts
· Technical Assistance Contracts
· Joint Operating Body
V. OTHER COUNTRIES FISCAL SYSTEMS
· Malaysia
· Thailand
· China
· Egypt
· Nigeria
· Norway
· Colombia
· Abu Dhabi
· New Zealand
VI. GENERAL DISCUSSION OF CURRENT ISSUES
· Government Regulation of Cost Recovery
· Indonesia Oil & Gas Law
VII. BASIC MERGER & ACQUISITION
· Role of M & A in 5 NOC in boosting their reserve and production
· Infrastructure to run M&A business
· Opportunities (if any)
· Art of M & A (financial model & how to win bidding process)
Course Benefit :
This program is designed for anyone interested in how the upstream business of the world’s largest industry is actually works.This intensive course will give the participants a solid understanding of practical aspects of upstream petroleum business process from its property acquisition, exploration, development, production, petroleum fiscal systems, and industry-government relationship.
The course will include detailed discussions of business process and fiscal systems of upstream petroleum operation, as well as a step-by-step action that must be taken in the real daily works.
The course will also cover a discussion of current issues of upstream petroleum operation in Indonesia.
Participants will be encouraged to contribute to discussions, with their own experiences and questions.