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The Principles of Upstream Oil & Gas Business: Rules & Practice

Monday-Tuesday, 18-19 December 2023 | Hotel Mason Pine - Bandung

Overview

This 2-day course is designed to examine the key principles and mechanics of Upstream Oil and Gas in Indonesia.

The first part of the workshop focuses on the key elements of Production Sharing Contracts. It offers oil and gas professionals a unique opportunity to broaden their understanding of the legal and economic fundamentals of the contractual relationship between the State and the oil and gas companies.

The emphasis on the second day will be to provide a better understanding of the gas sales contracts that has evolved significantly over the past 30 years.

Its objective is to scrutinize the legal structure of natural gas sales including its contracts and prevailing procedures

Outline

  • Key terms of PSC
  • Firm commitments
  • Relinquishments
  • Unitization
  • WP&B, POD
  • FTP & DMO
  • Change of Control
  • Procedures under PTK 057
  • Legal structure of sales
  • Allocation of natural gas
  • Key provisions of gas sales
  • delivery point
  • risk allocation
  • TOP & DCQ

Course Instructors

Hadariat

HADARIAT KUNCARA ZAKTY

a lead counsel at SKK Migas, the Special Task Force for Upstream Business Activities of Indonesia. He has extensive experience in advising for among others the preparation and conclusion of Production Sharing Contract including its amendment and termination. He also responsible for the process of assignment of participating interests 10%. Prior to this role, he was an in-house counsel for Freeport Indonesia during which he practices mining and corporate legal works.

Mr. Hadariat graduated from the Faculty of Law at Universitas Parahyangan and earned his master of law from Universitas Pajajaran.

Arief

ARIEF BUDIMAN

a lead counsel at SKK Migas. He primarily advises sales transactions for the natural gas, LNG, LPG, crude and condensate of the State’s share. He also undertakes extensive work in the drafting and negotiations of LNG project developments and facility sharing contracts. Arief's experience includes five years of legal practice at prominent law firms in Jakarta namely Ali Budiardjo, Nugroho, Reksodupitro and KarimSyah, where he acted as an adviser in acquisitions and project financing of oil and gas companies.

He graduated from the Faculty of Law at Universitas Indonesia and earned his master in oil and gas law from University of Aberdeen School of Law. He is admitted to practice law in Indonesia and a member of PERADI, the Indonesian Bar Association.

Day/Date

Monday-Tuesday, 18-19 December 2023
Pukul : 08.00 – 17.00 wib
Venue : Hotel Mason Pine - Bandung
Language : Bahasa Indonesia

Investment

Rp.10,500,000,-* / Partisipant

*) Discount Group : registration of more than 2 people gets a 10% discount *) Termasuk Coffee Break, Luncheon, Workshop Material, Certificate *) Fee Pembatalan : 7 hari sebelum acara: 80%.
Further Information

Mobile: +62-858-9999-8800

Fixed-line: +62-21-2245-8787

Email: marketing@petromindo.com

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