PSC MANAGAMENT : COST RECOVERY VS GROSS SPLIT

2017 is a new chapter in the oil and gas industry, especially in the upstream sector. Why is that? The government has implemented Government Regulation No. 8/2017 related to profit sharing schemes based on Gross Split Production. This regulation will apply in the future and replace the previous scheme of PSC based on cost recovery (CR). Of course every change (regulation) aims to be beneficial for the parties (in this case the Government as the owner of Mining Rights) and Investors (Industry players), even though at the beginning of its birth and afterwards many Pro-Cons. Changes to this regulation, at least will have an impact on financial requirements, and there are still many other regulations related, such as taxation aspects. In this 3 days training participants will get an understanding of: • The background of the implementation of the Gross Split scheme and the difference with cost recovery; • Conceptual and basic principles of the PSC Gross Split; • Advantages of gross split patterns for contractors and the government; • Implementation of the Gross Split scheme and its consequences; • Tax aspects in the Gross Split PSC scheme.
Penyedia Jasa Training: PT INDOCITA KARYA GLOBAL
Rp9.500.000
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OUTLINE :

Day 01

  • Overview of the Current oil and gas in Indonesia and Update issues
  • Overview Oil and gas upstream business: system royalty, system production sharing contract, system service, contract, Joint ventures.
  • The philosophy of PSC, Risk Management on PSC and Property right
  • PSC calculation: entitlement principles, over under lifting, settlement.

Day 02

  • PSC Gross Split Conceptual and Basic Principles
  • The Benefit of
  • Understanding GR # 8 & 52 / 2017
  • Base Split of Oil and Gas
  • Variable & Progressive Split Terms

Day 03

  • Overview Taxation in Oil and Gas
  • Regulation Aspect of Upstream Oil & Gas Taxation
  • Tax Treatment in PSC CR Vs GS
  • Fiscal Incentive in PSC Gross Split
  • Sharing information, QA, and discussions

OUTLINE :

Day 01

  • Overview of the Current oil and gas in Indonesia and Update issues
  • Overview Oil and gas upstream business: system royalty, system production sharing contract, system service, contract, Joint ventures.
  • The philosophy of PSC, Risk Management on PSC and Property right
  • PSC calculation: entitlement principles, over under lifting, settlement.

Day 02

  • PSC Gross Split Conceptual and Basic Principles
  • The Benefit of
  • Understanding GR # 8 & 52 / 2017
  • Base Split of Oil and Gas
  • Variable & Progressive Split Terms

Day 03

  • Overview Taxation in Oil and Gas
  • Regulation Aspect of Upstream Oil & Gas Taxation
  • Tax Treatment in PSC CR Vs GS
  • Fiscal Incentive in PSC Gross Split
  • Sharing information, QA, and discussions
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