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 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 integrated aspects that every “Contractor” should propose to BP. Therefore, BP Migas and the Contractor should have the same perception regarding all aspects of POD, AFE, and WP&B, especially about the basic principle, mechanism and procedure, system, and operational guidance.
Tujuan
- 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
Materi Pokok
- Financial Budget & Reporting Procedure
- Work Program & Budget
- Authorization for Expenditure
- Financial Reporting
- Production / Lifting
- Cost to be Recovered
- Entitlement
- Government Tax
- Cash Settlement
