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 describes the project activities during the
contract. KKKS also should construct the detail of program activities and budgeting (WP&B),
and financial authorization (AFE). In the Indonesia PSC Term, WP&B, AFE and POD are the
integrated aspects that every “Contractor” should propose to BP. Therefore, between BP Migas
and the Contractor should have the same perception about all aspects of POD, AFE and WP&B
especially about the basic principle, mechanism and procedure, system and operational
guidance.
OBJECTIVE
- Developing proposal of Work Program & Budget (WP & B)
- Developing proposal of AFE & 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
