Petroleum Industries in Indonesia are managed by the Government of the Republic of Indonesia, under Law No. 22 / 2001. Control system built up by BPMIGAS is done through pre control system, current control system and post control system. In the financial scope those system applied as auditing system, consist of pre audit, current audit and post audit. To perform these auditing system, BPMIGAS published a Financial Reporting Procedures Manual, consists of Work Program & Budget Manual, Authorization Financial Expenditures Manual, Financial Quarterly Report Manual and POD control system.
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 Authorization for Expenditure (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.
Associated with development, there are many things to do in the intensification of activities, including a qualitative increase in activity in the field of exploration, both in the form of regional studies, field geology, geophysics, seismic, drilling of exploration and evaluation. In addition, also performed quantitative increase in production as field development, construction of production facilities, reservoir studies and field production ever. Risk Management and Assessment in this condition very important role in the implementation of activities.
These 3 days training program is intended to gain more understanding focuses on :
• Developing proposal of Work Program & Budget (WP & B)
• Developing proposal of APE & POD for Approval
• Developing Competitive advantage by improving operation efficiency
• Analyzing Risk Management aspect in field Development

Course Outline

• Financial Budget & Reporting Procedure
• Work Program & Budget
• Authorization for Expenditure
• Financial Reporting
• Production / Lifting
• Cost to be Recovered
• Entitlement
• Government Tax
• Cash Settlement


DR. Ir. Harry Budiharjo & Irfan Riza, SE., MS.

Who Should Attend

• Development Planning Team, Cost Projects Controller, Drilling, Production, and Facilities Construction Staff.
• Tax Staff, Finance Staff, Legal Counsel, Internal Audit Staff
• Cost Projects Controller, Business Planning Staff, Drilling, Production, and Facilities Construction Staff.
• Tax Staff, Finance Staff, Legal Counsel, Internal Audit Staff


Presentation, Discussion, Simulation, Case Study, and Evaluation

Time & Venue

• 18 – 20 September 2012
• 2 – 4 Oktober 2012
• 17 – 19 oktober 2012
• 31 oktober – 2 november 2012
• 12 – 14 november 2012
• 26 – 28 november 2012
• 5 – 7 desember 2012
• 19 – 21 desember 2012

• Grand Aston Hotel, Yogyakarta

Course Fee
Rp. 7.500.000/ participant non residential, special price Rp. 7.000.000/prticipant for minimum 3 participants from the same company.

• Convinience meeting room at Grand Aston Yogyakarta ( ***** )
• Airport pick up and drop service
• Transportation during training
• 2x coffee break & lunch
• Training Kit
• Hard & Soft Copy course material using USB Flashdisk
• Certificate
• Souvenir

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