INTRODUCTION POD, WP&B & AFE

Plan of Development is the key point in Oil & Gas Business of Indonesia Upstream Oil and Gas Industry. POD is a guideline for KKKS to operate their project. There is a planning program that describe of project activity during the contract. KKKS should construct the detail of program activities and budgeting (WP&B) and Financial Authorization (AFE). In the Indonesia PSC Term, POD, WP&B and AFEis the integratedaspect that every KKKS should propose to SKKMIGAS. Therefore, between SKKMIGAS and KKKSshould have the same perception all about aspect of POD, WP&B and AFE especially about the basic principle, mechanism & procedure, system and operational guidance. read: Strategic Talent Management In The Oil and Gas Industry

Course Content

• Overview of Upstream Oil & Gas Industry
• The PSC term and conditions
• PSC Accounting Principle
• POD:
• Clasification of POD
• POD Content
• WP&B:
• Definition of WP&B
• Budget Preparation: Explanation & Developing Budget Schedule 1 – 17
• AFE:
• Definition of AFE
• Activity Classification
• Explanation Budget Schedule 18 – 24
• Closed Out AFE