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