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PSC Fiscal Modeling
Upstream oil and gas economics play a crucial role in managing oil and gas assets, including investment decision-making, asset valuation, and general operational management of assets (WK). It is essential for professionals responsible for economic evaluations to possess strong competencies and continuously enhance their skills with respect to new regulations as well as best practices and techniques in economic evaluation. Similarly, for employees who are not directly responsible for economics or who have not been involved in economic evaluations, it is important to have sufficient knowledge to actively participate in discussions about asset management and investments from a commercial/economic perspective.
The PSC Fiscal Modeling training is part of the Upstream Business Development training series and is designed to provide a foundation and preparation for employees to draft work papers and create/design economic models, as well as to evaluate and analyze the results of economic studies conducted.
Course Info
Schedule
Day 1
Fiscal Systems
- World fiscal systems overview
- PSC Indonesia (Principles of PSC, PSC Cost Recovery vs PSC Gross Splits)
Elements of PSC Indonesia
- Accounting Aspects (Capital & Non Capital, Depreciation)
- Financial Principles of Production Sharing (FTP, DMO, Tax)
- Entitlement
Day 2
Economics Refresher
- Principles of Economics
- Cash Flow Concepts and Components
- Discounted Cashflow (Time Value of Money, Discounting Method)
- Decision Tools (Financial Assumptions, Decision Metrics)
- Uncertainties & Risk Analysis
Day 3
Fiscal Modeling
- Worksheet Structure & Modeling Concepts
- Data Preparation (expenditures, development concept, commercial concept, fiscal terms)
- Fiscal Modeling (Fiscal model and sensitivity analysis)
- Fiscal Modeling Concept
Petroleum Engineers, Non-Petroleum Engineers or Scientists, field personnel, Management, Support Staff, new hires, IT services, Accounting.
Ahmad Erik Soulisa, B. Sc
Retired Upstream Petroleum Economist. Vast experience and strong knowledge in Oil & Gas upstream planning and investment management. About twenty years experience related to Indonesian PSCs. Also, exposure to global Oil and Gas fiscal terms : Asia, Middle East, & Africa. Experience as instructor in internal/inhouse and public trainings on Petroleum Economics and Risk Analysis