XP training

Xperiential and Professional Training

POD, WP&B, and AFE CONCEPTS


POD, WP&B, and AFE CONCEPTS based on

PRODUCTION SHARING CONTRACT ASPECTS

Phoenix Hotel Jogjakarta, 29 September – 01 October 2010

INSTRUCTOR: Ir. KUSWO WAHYONO, M.M.
INTRODUCTION

The PSC originated in the 1960s in Indonesia. It has now spread around the world. This model reflects a much cleaner separation between state (politics, bureaucracy) and the investor.

The production-sharing contract, over the last 40 years, the probably most dominant form of granting access to oil & gas exploration and development to international petroleum companies in developing countries. Its distinct character is that production is shared rather than tax/royalties being paid and that the foreign/national investor (now “”contractor”) is in a contractual relationship with the Government which holds the original mining title.

The Government may exercise quite loose control or much more close control over management. Functionally and financially, the PSC models need different in terms of management control, depend on the specific management system established and on the way it is implemented.

Contracts can be unstable, and one or both signatories may want to renegotiate. As oil exploration and development projects are characterized by large capital investments, long lead times, incomplete information, and (in most cases) significant differences in each counterparty’s ability to bear the risks involved in an oil & gas industry. The current condition is confusing development on limitations of cost recovery.

Technically, contractors don’t make profits out of cost recovery. Cost recovery will be converted in barrels and it can be a ”bad barrels”, as opposed to a “good barrels”, depends on the last crude price when the investment can be recovered.

The value of these bad barrels is even worse if cost recovery is charged over several years of PSC depreciation (for capital expenditures), widening the time gap between cash outflow from the pay-out and inflow from cost recovery barrels and tax deductibility. This alone is a strong enough reason why a PSC operator should always strive to be as efficient as possible.

Production Sharing Contracts needs approvals for Plan of Development (POD), Work Program & Budget (WP&B), and Authorization for Expenditure (AFE) from BPMIGAS to execute their programs. The approvals are based on the economic and optimal management of the programs.

This is a 3 days comprehensive course is designed to give all of PSC aspects: legal, financial, politics and bureaucracy in the oil & gas industry. It includes interactive sessions to explain and discuss the impacts of the industry and future industrial demands.

COURSE OVERVIEW

  • Legal Aspect in Production Sharing Contract
  • Interdepartmental Relationship
  • History of Production Sharing Contract
  • Production Sharing Contract Agreement in brief
  • Overview of project economics in Indonesian PSC regime
  • Defining costs, cost recovery, and domestic market obligations under PSC Agreement
  • Role & rules of Project Evaluation
  • Basic of economic/financial evaluation techniques in feasibility study
  • Commitment in Exploration Stage of PSC
  • Plan of Development in Development Stage of PSC
  • Work Program & Budget
  • Authorization of Expenditures
  • Place into Service (PIS)
  • Closed out AFE
  • Tender process & procedure (PTK 007 Revision I/2009 BPMIGAS) in brief.

WHO SHOULD ATTEND

This course is ideal for Managers, Supervisors, Engineers, Geologist, Economist, Finance, Legal, Asset and Project Manager who want to learn from conventional to advance Production Sharing Contract Agreement, processes and procedures of POD, WP&B, and AFE.
KEY BENEFIT

  • Introduce Managers, Potential Managers, Supervisors and Planners to the skills and competencies required to execute & manage work programs in their organizations.
  • Develop the skills and competencies required to plan and manage PSC Agreement.
  • Improve the competencies required for submitting POD, WP&B, and AFE documents to BPMIGAS.
  • Improve the skills to organize personal work priorities and own personal development.
  • Improve the communication skills in their organizations, associated with POD, WP&B, and AFE documents.
  • Develop skills and competencies required to administer POD, WP&B, and AFE.
  • Connect with strategic stakeholders to cement business relationships along the oil& gas industry to ensure effective collaboration
  • Engage with key governments, National Oil Companies, Multinational Oil Companies, and Service Companies to facilitate robust contractual and business models
  • Create effective dialogue to combat the current economic volatility’s impact on company financial and fiscal models for oil & gas projects
  • Gain win-win increased revenue for company on the political and more importantly the economic level
  • Designing a fiscal system whereby the government can maximize revenue from its natural resources whilst providing sufficient incentives to foreign investors
  • Negotiating tough contracts and incentives to reduce costs and improve profit

On completion of this course participants will be able to:

  • Describe what a PSC Agreement is and how it is used
  • Describe and identify the essential elements of a PSC Agreement
  • Identify what about PSC Agreement
  • Participate in and facilitate work teams
  • Describe the process of forming a POD, WP&B, and AFE
  • Describe and identify the meaning of a POD, WP&B, and AFE
  • Describe and implement methods for evaluating a Plan of Development
  • Describe the roles of the components involved in a POD, WP&B, and AFE
  • Identify and describe the requirements to develop a suitable POD, WP&B, and AFE
  • Describe and implement the procedures associated with POD submissions
  • Describe and implement the procedures associated with WP&B submissions
  • Describe and implement the procedures associated with AFE submissions
  • Describe and implement the processes to be used in submitting a POD
  • Describe and implement the processes to be used in submitting a WP&B
  • Describe and implement the processes to be used in submitting a AFE
  • Describe and apply the elements required to successfully POD, WP&B, and AFE
  • Report on the POD, WP&B, and AFE

Investment FEE

The Phoenix Hotel Yogyakarta,  29 September – 01 October 2010

IDR 8.000.000,-/participant (Exclude accommodation and Value added tax)

Price are included Training Kit, Training Material hardcopy and softcopy, Certificate of Completion, 2x coffee breaks and lunch during training and Documentation.

INSTRUCTOR

Kuswo Wahyono was graduated from Petroleum Engineering, Bandung Institute of Technology (ITB) and completed his Magister of Management in Gajah Mada University (UGM), Yogyakarta. He worked for Pertamina E&P and Pertamina BPPKA for more than 20 years and then joint with BPMIGAS since 2002.

Some other experiences are: job assignment in LEMIGAS (1983-1986), CALTEX in Dallas-Texas-USA (August-November 1987), Petroleum Economics Course in Institute Frances du Petrole (IFP) in Paris-France (April-May 1992), and JOB Pertamina-Talisman OK PSC as Chief Petroleum Engineer (1993-1996).

His expertise focus on petroleum engineering technique and business integration for improved asset investment decision making using portfolio and optimization study, techno-econometric forecasting modeling, risk analysis and valuation. He also has BPMIGAS Certificate of PTK 007 Revision I/2009, regarding Tender process and procedure in Indonesian Production Sharing Contract.

Several key positions had been achieved in his carrier, such as Head of Field Operation Division in BPMIGAS, Head of Exploitation Division in BPMIGAS, Executive Advisor BPMIGAS, VP Management Representative of BPMIGAS for CNOOC, Executive Advisor PT Pertamina Hulu (Persero), President of Society of IATMI (Indonesian Petroleum Engineers), co-Chairman in Training Program of SPE-Java Section (Society of Petroleum Engineers-Java Section), etc.

SHIPPING FOR TANKER COURSE


SHIPPING FOR TANKER COURSE

November 23th – 26th, 2010 – Phoenix Hotel Yogyakarta

Sea transportation that used tanker was the routine activity that was done by the terminals in KPS, Oil Company in carrying out the Crude Oil distribution and so on through the sea in order to be able to be implemented right on time, exact amount and exact aim at a cost that was economical with reduced in delay or demurrage.

Many aspects that were related to this in part: condition of the ship, means related, relation with the side that used the charter service, the ship operational, crewing the ship, permission, insurance, claim, et cetera.

SHIPPING FOR TANKER COURSE was a training that will give limited knowledge in the ship Management that was connected with the Oil And Gas industry, which is the tanker management to empowered, was operated on the personal interests as the property ship or the charter ship, that was really needed by the worker that his day by day handled the tanker operation.

Subjects

Subject that was given in this training covered:

1.         The Seaworthy ship:

To know that the ship has permission to sail by the harbor master must meet the International or National condition that was valid like that was dismissed by International Maritime Organization (IMO) including several amendments like:

  • SOLAS 1974/1978.
  • Marine Pollution Prevention (Marpol) Convention 1978
  • Standard of training Certification and Watchkeeping of Seafarers (STCW) Convention 1978.

In this training was given refreshment concerning the seaworthy understanding of the Ship, the competency including the crew and the cargo.

2.         Vetting the tanker

Gave knowledge about the conduct of the ship inspection that would be chartered or which will enter the oil terminal in order to be able to carry out the lean activity, loading/unloading safely as the main reference of the vetting activity for the tanker that must meet the rule of OCIMF – SIRE and VIQ.

3.         Draft survey

Was the ship draft research activity before and after loading/unloading cargo, so that the delta draft result could be known the heaviness of cargo that was unloaded or loaded.

The before and after research was to appoint with the heavy grating of the immersion (displacement) before and after loading/unloading so that difference between this two heavy immersion was the heavy of the cargo that loaded or unloaded..

In Charter party sometimes was enclosed how to count the amount of cargo that has been contained by means of draft survey so as to be included surveyor from the two sides.

Participants of the training would give the understanding of what and how to do the calculation.  This calculation was carried out to know the existence of loses cargo, safety of the ship and the cargo.

4.         The Ship Operation

Gave knowledge concerning about the ship operation regarding the condition of the port, cargo, and other means that were connected with the smoothness of the oil distribution as effectively and efficiently. Round Trip Days that was influential towards the use tonnage and voyage cost that regarding with the voyage data that is the RTD distance, fuel consumption at the sea and port ,bunker price, amount of  day at the sea and port as well as sea per ship day.

5.         Chartering

The provisioning of the introduction to the tanker contract (the kind charter party), what is world scale, the task and responsibility of charter party .Owner of  the ship ,Captain, the Off/On hire provisions, delivery/redelivery ,choosing the charter kind, the deliver agreement of the cargo with FOB or C & F system, supporting document and several study cases.

6.         Excess Lay Time and Demurrage:

Demurrage was the surplus of actual time against allowed lay time that was agreed by the terminal side and the ship side in the loading/unloading activity. Because this demurrage claim was put forward by the ship side to the terminal sometimes the amount was significant enough, then apparently to the related employees must be supplied by conduct knowledge of the Lay Time calculation and the claim demurrage or was the reverse the claim delay that was caused by the Ship side, and the cause of the delay.

7.         Shipping Agency

If a ship anchored in certain port then this ship needed the service and had various needs that must be filled. To serve various needs, shipping company will appoint the ship agency. The smoothness of the managing the requirement for the ship in the port was connected with the length of the ship that was anchored in the port so as could influence port time of this ship.

The Instructor in this Course is professional instructor that have educational background and having wide experience in his field, and have been occupied the position as the Manager, Assistant Manager and the Captain of the tanker.

Duration and Schedule

This course was planned will take place for 4 (four) days , from 08.00 -16.00 with the schedule:

First day :

•          Design of the Tanker

•          The Seaworthy ship.

Second day :

•          Vetting the Tanker

•          Draft Survey and Loses

Third day :

•          The Shipping Management

•          Chartering

Fourth day :

•          The Ship Operation  and Exess Lay Time

•          Shipping Agency

INVESTMENT FEE

Rp. 9.000.000,-/participant (Exclude value added tax and accommodation)

Facility : Certificate, training kits, meal 2x coffee break 1x lunch, dokumentasi

Project Cost Control Managemen


Project Cost Control Management:

Structuring, Estimating, Budgeting & Controlling

November  10th–12th , 2010 – Phoenix Hotel – Yogyakarta

THE COURSE

Cost is the crucial aspect to succeed the project. Important to Cost structuring and monitoring activity must be well prepared to ensure the project done within budget. The one of crucial problem in project execution related to budget is the material supply, engineering, construction and commissioning.

To structuring cost, estimating must be important. Includes identifying of scope of the project considered to various changes happened at the design phase, additional works on execution phase and other changes will offset expandable cost or expected savings. The project team should be able to correctly define the project scope of work as the element of cost structuring, estimating, budgeting and controlling.

Theoretical presentation and best practice discussion as learning and sharing method will be delivered by facilitator to assist the participant understood and able to applied the knowledge easily.

COURSE OBJECTIVES

Facilitator will lead the participant to understand of effective project scope planning through benefit and cost analysis, sequencing method, estimating resources, project duration and cost controlling.

Participant will also assist to practical of project activities sequencing and transforming activities to WBS through structuring cost, managing and control to effectiveness and efficiencies. The practical aspect to understand in cost estimating, budgeting, controlling and evaluation.

COURSE CONTENT

1. Scope Planning

Creating project scope management plan that documents how the project scope will be defined, verified, controlled, and how Work Breakdown Structure (WBS) will be created and defined.

2. Sequencing, Duration and Estimating Resources

a. Sequencing

Identifying and documenting the logical relationships among schedule activities

b. Duration

Estimating the number of work periods that will be needed to complete individual schedule activities

c. Estimating Resources

Determining what resources (persons, equipment, or materials) and what of quantities of each resource will be used, and when each resource will be available to perform project activities

3. Cost Structuring, Estimating, Budgeting & Controlling

a.  Cost Structuring

Subdividing the project cost into smaller, more manageable components such as direct cost, indirect cost, and overhead cost

b. Estimating

Estimating schedule activity cost involves developing an approximation of the cost of the resources needed to complete each schedule activity

c. Budgeting

Aggregating the estimated costs of individual activities or work packages to establish a cost baseline

d. Controlling

Influencing the factors that create cost variances and controlling changes to the budget.

PARTICIPANT

  • Project Managers
  • Project Cost Control Managers
  • Budget Analyst Person
  • Finance Managers
  • Project Finance Officers
  • Project Managers
  • Risk Management Unit Managers
  • Operation Managers
  • Business Development Managers
  • Person who involve in cost control  activities.

DURATION

2 days

INVESTMENT

IDR 7.500.000,- / participant excluded tax and accommodation.

(Include Training Kit, Training Material hardcopy and softcopy, Certificate of Completion, 2x coffee breaks and lunch and Documentation).

OIL AND GAS QUANTITY ACCOUNTING SISTEM COURSE


OIL AND GAS QUANTITY ACCOUNTING SISTEM COURSE

(Q.A.S COURSE)

October 20th-22nd 2010, Phoenix Hotel Yogyakarta

Background:

In the Oil and Gas Industries, one of important activities is “To Measure, To Calculate and To Make a report of the Final Quantity and Quality Crude Oil, Gas Produced, Remaining Stock at the Storage Tank or Floating Storage”, The Quantity of Crude Oil & Gas delivered for Sales or Transfer to the next handling entity must meet the standard condition of legitimate and formal matters within interrelated company.

To avoid big losses of Crude Oil & Gas, remaining stock and sales poured forth should be done using a standards form, after Crude Oil & Gas has been Separated and Storage.

Therefore in this course we will highlight this matter to brain storm all participants, referring Government regulations, BPMIGAS procedures, International standard (ASTM-IP, AGA) to meet international Oil Company Standard, and rule & Regulations.

The course also explains about how to calculate entitlement based on PSC Contract and how to nominate and lift the entitlement from the Terminal, base on off take Procedure.

SYLLABUS QUANTITY ACCOUTING SYSTEM COURSE

1.    PRODUCTION OPERATION AND LIFTING

  • To understand basic philosophies how to carry out Crude Oil Production from the producing well until point of delivery to the third parties, in order to have knowledge for the activities of production operations relationships to the Quantity Accounting System activities, consist of:
  • Monitoring Well Production, individual Well Test method and well potential calculation procedure.
  • To brief Flow of Production System from Production Well Head until the point of transfer to third parties.
  • Separation Process between Oil, Water and Gas at each Block Station or Gathering Station and function of each equipment.
  • Crude Oil Delivery Process Procedure to third parties

2.     PRODUCTION, STOCK AND LIFTING REPORTING SYSTEM

  • To understand about Oil and Gas Reporting System that must be prepare by K3S comply with a requested by Stake Holder and Management consist of Total Production, Stock and Lifting, include:
  • Reporting of Individual Well Potential production
  • Reporting of Crude Oil Production, Stock, Lifting / Distribution and losses at “Crude Oil Production Reconciliation”.
  • Reporting of Gas Production:  “Gas Production and Distribution Report”

3.    STANDARD MEASUREMENT AND CALCULATION OF OIL PRODUCTION AND LIFTING WITH STATIC SYSTEM METHODE.

  • To give understanding and explanation Procedure measurement and calculation of crude oil in the storage tank, where apply for calculate total production, lifting and stock of crude oil, consist of:
  • Level and temperature measurement of fluid in the storage tank.
  • Crude Oil Sample taking from inside the tank.
  • Laboratory analysis to determine of Density/Specific Gravity/API Gravity and BS&W content of the Crude Oil.
  • Crude Oil Stock Calculation consists of: Step of Crude Oil Stock Calculation, Reading of Tank Table, and Reading of ASTM – IP Table.

4.   STANDARD MEASUREMENT AND CALCULATION OF OIL PRODUCTION AND LIFTING WITH DYNAMIC SYSTEM METHODE.

  • To understanding the Procedure of measurement and calculation total crude oil where flow through the pipe line By Flow Meter (dynamic measurement), consist of:
  • Explanation working system of flow meter process (PD Meter).
  • Procedure of how to prove Metering System by Proper Meter.
  • Calculation of measurement result by manual system.
  • Standard Gas Measurement system by Orifice Meter and Gas Heating Value Calculation.

5.            LOSS ANALYSIS

  • To give knowledge about losses and gain in the production operation process, storage handling and transfer crude oil and gas; to prepare reporting system and how to claim if discrepancies occurs  in the transferring process in the point of sales more than tolerable losses, consist of:
  • Clarification and discussion about Losses and Gain during production process, Crude Oil storage handling, Gas handling, Transfer of crude oil and gas.
  • Reporting system of the “Oil and Gas Losses”.
  • Loss Management that will give solution how to reduce losses where losses more then tolerable from time to time and evaluate causes of losses, gain and shrinkage.

6.            OFFTAKE PROCEDURE, ENTITLEMENT CALCULATION AND OVER (UNDER) LIFTING MONITOR.

  • To learn how to calculate Entitlement each Parties in the Production Sharing Contract,
  • Prepare the Lifting and Pumping Monitoring base on BPMIGAS Standard Report.
  • Nomination procedure.

PARTICIPANT IN THE COURSE:

This Course should be attend and useful for Supervisor and Staff  who responsible the process and measurement  production, transfer and lifting at block station and terminal and also Staff who is in charge handling Crude Oil Accounting and Shipping activities and staff who handling Over (Under) Lifting Monitor and evaluation of nomination.

INVESTMENT FEE

Rp. 8.500.000,-/participant (Exclude value added tax and accommodation)

Facility : Certificate, training kits, meal 2x coffee break 1x lunch, documentation.

EPC PROJECT RISK, CONTRACT AND INSURANCE


EPC PROJECT RISK, CONTRACT AND INSURANCE

“Project Risk Mitigation by Contract & Insurance”

October 20th – 22nd, 2010 – Aston Primera Bandung

THE COURSE

Engineering Procurement & Construction (EPC) Project is more popular recently. Much benefit gain by the principal of the project. On the other side main contractor of EPC project must plan carefully to execute the project. Project risk management is one tools to manage project reach the objective of project. Contract is the most important thing to brief scope of work, obligation of each party, performance of the project. The good contract should be shared responsibility to each party. Base on contract each party involved fairly and ensure that commercial and technical specification changes while the project shall be treat in balance. Contract should protect the whole company or project stakeholders by deliverable risk to the other parties in case of changes order turning out. Ultimately, project team and stakeholders should be shield protected administrative, technical and economical risk by fairly contract.

Insurance has important function to protect the project properties, materials, equipments and the whole stakeholders of business from the pure risk. Eventually, management should have ability to protect the project and company properties with the capable insurance to ensure that the whole of stakeholders safe to execute the project.

Interactive presentation and best practice discussion as the learning and sharing method will delivered by facilitator to help participant understood and able to apply they knowledge easily.

COURSE OBJECTIVES

Training will provide to increase knowledge regarding to nature of EPC Project. Participant can account project cost, contingency and how to response risk. Participant may identify risk and calculate the probability impact of positive events and decrease the probability impact of adverse events to project objectively. Protecting and minimizing project risk by fair contract and trusted insurance.

COURSE CONTENT

Session-1: Project Risk Management Overview

  • Project Risk Management theory & concept
  • How to identify project risk, response & control
  • Iterate project stage until reach goal of project

Session-2: Project Risk and Contract Scheme

  • Explain various type of contract use in project
  • Frame of right and obligations among parties
  • How to bind partner in contract
  • How to received payment according to contract

Session-3: Project Procurement Management

  • Procurment theory and concept
  • Step by step procure good and services

Session-4: Contract

  • Contract implementaion in a project
  • Step by step drafting & review contract

Session-5: Project Risk Mitigation

  • Step by step mitigate project risk
  • Response risk by transfer risk to the other party

Session-6: Contract for EPC Project

  • Engineering Procurement Construction Project is the most complete project
  • Step by step explanation EPC Contract and strategy for review EPC Contract

Session-7 : Insurance

  • Explanation how to use insurance to cover project risk
  • Explanation types of insurance use in project and typical covering by each policy

Session-8 : Specific Insurance for Project

  • Explain insurance for construction
  • Explain insurance for transporting goods and material to the project

Session-9 :Regulation regarding to procurment

  • Explain requirement to procure good and services
  • Explain construction contract according to ragulation
  • Explain contract standard using in overseas

Case study

PARTICIPANT

  • Project Owner / principals
  • Contractor
  • Project consultant
  • Vendor/supplier
  • Insurance

INVESTMENT

IDR 8.000.000,- / participant excluded tax and accommodation.

(Include Training Kit, Training Material hardcopy and softcopy, Certificate of Completion, 2x coffee breaks and lunch and Documentation).

PLEASE CONTACT US FOR ANY FURTHER INFORMATION :

Xperiential and Professional Training (XP training)

Gedung Raudha Jl. Terusan Kuningan No. 21 Mampang Lantai 1 Blok A4 Jakarta 12710

Ph. 021-527 9915, 529 62765. Fax. 021-5279915. E-mail: xp.training@cbn.net.id

CP : Anton Wibowo (0817207429), Indah cahyani (08122758968),

Naila Zahara (081321754000)

Joint Operations, A Way of Sharing Risks & Reward in Petroleum’s E & P Segment


Joint Operations, A Way of Sharing Risks & Reward in Petroleum’s E & P Segment

Instructor: Mr. Jimmy Karnadi

December 8th – 10th, 2010 Phoenix Hotel Yogyakarta

COURSE OBJECTIVES

Operating in oil and gas industries, for sure it is understandable by every body that it involves capital intensive, yet the success ratio in these industries is very low. In an attempt to minimize risks and at the same time to gather the needed capital which the E & P companies should spend, they form Joint Operation to achieve their aims.

To enable to operate, do proper recording and make correct reporting of your company, either as an operator or non operator as the case may be for your company, each of you should know the basic legal form of the Joint Venture Agreement, Joint Operating Agreement, Accounting Procedure and any other matters that your company has entered an agreement into.

Your company may enter into various Joint Venture Agreements, through Farm-outs, Unitization and any other types, which is known as the pooling of capital concept. The pooling of capital concept bring into facts that during the venture period, there are equalization amongst the parties, the operator and non-operator and possibly with the other non-operator. Such equalization can be in the form of cash equalization, disproportionate spending equalization and/or equalization as a result of re-determination of interest.

Through Joint Operation, your company may operate internationally and operate under various different fiscal systems, and even-though that the fiscal system used in Indonesia is the Production Sharing Agreement, it is good for you to know the other type of the fiscal systems for comparison.

By Attending This Course, You will better able To :

  • Understand what the Joint Venture, Joint Operating Agreement and its Accounting Exhibit are, and how to apply them in day to day operations
  • Notify, that your company working interest percentage, will not always be applied consistently when implementing it against the revenue and when used in splitting the costs
  • Differentiate between recording Joint Interest Billing using accrual basis in one hand, but on the other hand when you Cash Call (you are being the Operator) or being Cash Called (you are being the Non-Operator) you are going to do it on a real cash basis
  • Not to mix up between your involvement in the Joint Venture Agreement and your involvement as a member of the parties that you and your Operator or your Non Operated Joint Venture partner in dealing with the fiscal systems, e.g Production Sharing Contract agreement
  • Picture better the flow transactions from your Accounts Payable, Accounts Receivable, Warehouse Stock, Payroll, Project and other module(s), which finally processed into Joint Interest Billing by your Joint Venture Section.

COURSE CONTENT

Introduction

  • High risks and high costs industry
  • Petroleum industry segmentation

Joint Operations

  • Legal forms of joint activities
  • Joint ventures
  • Joint ventures agreements
  • Joint operating agreement
  • Accounting procedures of JOA
  • Material movements
  • Joint Interest Billing
  • Joint interest audits

Farmouts, Carried Interest and Unitizations

  • Farm-outs
  • Free wells
  • Carried interest
  • Promoted versus Promoting
  • Unitizations
  • Equalizations
    • Equalizing pre-unitization costs
    • Cash equalization
    • Disproportionate spending equalization
    • Equalization resulting from re-determination of interest

International Operations

  • Economic Rent
  • Legal/Regulatory/Contractual Framework
  • Risks of international E & P
  • Fiscal systems
  • Concessions
  • Contractual agreements

PARTICIPANT

  • Joint Venture Accountant
  • General Accounting
  • Reporting Accountant
  • Revenue Accounting Accountant, Budgeting Accountant
  • Supervisors
  • Lawyer
  • Engineer
  • Auditor
  • Other professionals who want to learn more and to know more of what the Joint Operation is all about.

DURATION

3 days

INVESTMENT FEE

IDR 8.000.000,-/participant (Exclude accommodation and Value added tax)

CRUDE OIL TRANSPORTATION By PIPELINE AND STORAGE HANDLING


PRODUCTION OPERATION, CRUDE OIL TRANSPORTATION By PIPELINE AND STORAGE HANDLING

December 15th – 17th, 2010 – Bandung

Background

Crude Oil is produced from the reservoirs pass through well head at the surface and then collected at the Block Station for separation of Oil, Gas and Water.

After from Block Station or Gathering Station Crude Oil will be transferred by pipe line to the Mine Oil Storage or Terminal. At the Mine Oil Storage or Terminal production from all field collected together then transferred to Refinery, Domestic or Export.

The philosophy and procedure for crude oil processing, transporting and storage handling are: Safety, Minimized losses and pollutions, No changing the quality and avoid contamination.

In the other hand many companies carry out its product by joining with transporter, where has been established the pipeline system for transfer to the refinery or Terminal.

This course is also thoughtful study how to transfer crude oil joining with Pipeline Transporter, cooperation with other companies in the Joining Pipeline Agreement.

Therefore this course will focus to explain and discussed how to handling “Production Operation”, “Crude Oil Pipe line Transportation”, “Crude Oil Storage”, “Lifting Procedure”, “Off take Procedure and Nomination”.

After this course the participant will be able to:

  • Carry out Production Operation at the Block Station.
  • Understanding of crude oil transportation by pipeline.
  • As a duty at the Mine Oil Storage, Terminal.
  • To arrange and planning of Lifting and pumping schedule.
  • Understanding custody transfer meter, crude oil measuring and calculation system.

This course is recommended to the employees who are working at Block Station, Gathering Station, Pipeline Operation, Mine Oil Storage and Crude Oil Terminal, Crude Oil Accounting and Member of Shipping Coordination.

The Syllabus of this course consists of:

1. Crude Oil Production Operation

Production collecting system at the Block Station, Manifold and header, Block Station, Gathering Station or satellite.

2. Production Separation and Stabilization

Objectives of separation, type and equipment inside Separator, Stabilities principle, Stabilizations with reduced the pressure and stabilization with distillation type.

3. Crude Oil Transportation by Pipe Line

Equipment of pipeline system, Pumping, Combine Pumping, pumping type selection. Transportation of Low Pour Point crude oil by heating or suspension system.

4. Storage Handling, Lifting and Crude Oil Measurement

  • Crude oil storage type of storage tank and accessories.
  • Procedure measurement and calculation of crude oil in the storage tank (static measurement) consist of: Level and temperature measurement of fluid in the storage tank, Crude Oil Sample taking from inside the tank, Laboratory analysis to determine of Density/Specific Gravity/API Gravity and BS&W content of the Crude Oil.
  • Crude Oil Stock Calculation consists of: Step of Crude Oil Stock Calculation, Reading of Tank Table, and Reading of ASTM – IP Table.
  • Measurement and calculation Procedure of crude By Flow Meter consist of:  Explanation working system of Flow Meter, Procedure of proving and calculation the Metering System by Proper Meter.
  • “Lifting Procedure”, “Off take Procedure and Nomination”.

DURATION

3 days

INVESTMENT FEE

IDR 8.000.000,-/participant excluded tax and accommodation.

(Include Training Kit, Training Material hardcopy and softcopy, Certificate of Completion, 2x coffees Breaks & lunch and Documentation).

Xperiential and Professional Training

Gedung Raudha Jl. Terusan Kuningan No. 21 Mampang Lantai 1 Blok A4 Jakarta 12710
Ph. 021-527 9915. Fax. 021-5279915. E-mail: xp.training@cbn.net.id
CP : Anton Wibowo A (0817207429), Indah (08122758968), Naila Zahara (081321754000)

Follow

Get every new post delivered to your Inbox.