They certainly want our 10% of gas in a manor that suits them....

They certainly want our 10% of gas in a manor that suits them.

The rights of Regional Government in upstream oil and business. (Indonesian)

Course Overview

This Course willfeature interactive discussions mainly on major upstream oil and gas issues,regulations and agreements relating to the regional government’s businessentity (Badan Usaha milik Daerah/BUMD). It is delivered from a practicalperspective by qualified professionals who handle the approval process of mostkey transactions.

By participating inthis course you will:

Gain an extent overview of the rights of regional government in upstream petroleum industryObtain substantial knowledge on the prevailing mechanism of regional government’s business entity for entering into the oil and gas project developmentExplore the common issues in exploration, production, sales and much moreUnderstand the energy value chain – from prospect to the point of exportEvaluate the material rules and processes in the sales of crude and natural gas

Course Agenda

1. Regional government involvement through Participating Interest 10% (PI 10%)

The Principles and objectives of PI 10%Overview of the successes and obstacles in transfer PI 10%Update on the laws and regulations regarding PI 10%Benefits of transfer PI 10% for regional governments (direct & indirectly)

2. Seller appointmentof State’s oil and gas share

3. Allocation of Gasfor Regional Government’s Business Entity (BUMD)

4. Procedure of gasprice approval

5. Key terms of gassales agreements

6. Take or Pay

7. CommissioningPeriod

8. Gas Specification

9. Delivery Point

10. Make up Gas

11. Price Review

12. Characteristic of crudeand natural gas

commerciality featuresenergy-to-volume rationon-associated gasgas impuritiesmarket reliability

Who Will Benefit

This program is designed for oil and gas companypersonnels who handle business development, contract negotiations, businessanalysis, strategic planning, commercial operation; regional governmentrepresentatives; and investment advisors.