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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