Kamis, 25 Januari 2024

BUSINESS PROCESS IN OIL & GAS, POD, WP&B, AFE

 

Plan of Development is the key point in Oil & Gas Business of Indonesia Upstream Oil and Gas Industry. POD is a guideline for KKKS to operate their project. There is a planning program that describe of project activity during the contract. KKKS should construct the detail of program activities and budgeting (WP&B) and Financial Authorization (AFE). In the Indonesia PSC Term, POD, WP&B and AFE is the integrated aspect that every KKKS should propose to SKKMIGAS. Therefore, between SKKMIGAS and KKKS should have the same perception all about aspect of POD, WP&B and AFE especially about the basic principle, mechanism & procedure, system and operational guidance.

 


Course Content:

·         Overview of Upstream Oil & Gas Industry

·         The PSC term and conditions

·         Plan of  Development (POD):

o   Definition of POD

o   POD Classification

o   POD Content: Executive Summary,Geological Findings & Reviews, Reservoir Descriptions, Reserves & Production Forecast, Drilling & Completion, Production Facilities, Field Development Scenario, HSE & Corporate Social Responsibility, Abandonment & Site Restoration Plan, Project Schedule & Organization, Local Content, Commercial, Conclusion, Attachment

·         WP&B:

o   Definition of WP&B

o   Budget Preparation: Explanation BS 1 – 17

·         AFE:

o   Definition of AFE

o   Activity Classification

o   Budget Preparation: Explanation BS 18 – 24

o   AFE Close Out

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