My OWN Notes while take part in Chartered Management Accountant (CMA) Webinar (June 26th, 2025)

CERTIFIED MANAGEMENT ACCOUNTANT WEBINAR (26 Juni 2022) 

related to the Oil and Gas Industry

Comparison of profit-sharing schemes:

=> GROSS SPLIT

VS 

=> PRODUCTION SHARING CONTRACT 

(diprakarsai Bung Karno) 

~ Exploration failures are not covered by the government (no cost recovery).

Profit Sharing:

        Oil:       85% - 15%

        Gas:     70% - 30%

                    65% - 35%

        IMPORTANT! SITE RESTORATION!!

Revegetasi Green Economy: Sending Funds to the Minister of Finance

    Abandoned Cost: Paid upfront for 20-30 years without waiting for production to finish

    Abandoned Site Restoration:

    1.  Initial Opening (Pre-Paid)

    2.  Contract Ends (During Implementation/Project)

AUDIT COST RECOVERY 

Dilakukan setiap 3 tahun sekali

Audit dilakukan oleh salah satu atau lebih BPK, BPKP, dan atau BPKP

Poin2 yg diperhatikan

    Cost Recovery Amount:

        Addresses cost recovery, 

        STATING that cost recovery will not be paid if corruption is detected. 

        This will be checked by SKK Migas.

    Efficiency and Effectiveness:

        Questions the efficiency and effectiveness of usage.

    Work Program and Budget:

        Mentions the need to prepare a work program and budget.