Financial Budget Procedures

WP&B
Company
LOGODyah Anjarwati
Batam_Jul2010
 Outline :

1. Financial Budget Procedures

2. Budget Simulation

3. Case Study

4 Back
4. B kUUp Slid
Slide
Financial Budget Procedures
(S h 1 s/d
(Sch. /d 17)
 Manual Budget & Reporting 1993 (Rev 1999)

PSC Financial Budget & Report Organized by :

Activities :
Exploration & Development,
Development Production and Administrative
Project Control/Time Phasing :
Old Program, New Program & Total Program
(Previous, Current & Subsequent Years)
Cost Category :
Salary : - National/Expatriate
Benefit : - National/Expatriate
Technical Services : - Corporate Assistance/Contract
Contract/Outside Services
Materials
Insurance
Environmental Control
C
Sundries
Nature of Cost : Capital & Non Capital

Currency : Expressed in US dollars, to be rounded off to the nearest

thousand Dollars, except for Sch. 16
 Flowchart of Budget Preparation
EXPL. DEV. MISC. PROD. FAC. MISC. PROD. ADM.
DRILLING DRILLING CAPEX CAPEX FAC. CAPEX CAPEX
BS. 5 BS. 6 BS. 7 BS. 9 BS. 10 BS. 12
OIL BS. 5.1 OIL BS. 6.1 OIL BS. 7.1 OIL BS. 9.1 OIL BS. 10.1 OIL BS. 12.1
GAS BS 5.2
BS. 52 GAS BS. 6.2 GAS BS. 7.2 GAS BS. 9.2 GAS BS. 10.2 GAS BS. 12.2

EXPL.&DEV.
EXPL &DEV PROD. EXPS.
PROD EXPS ADM. EXPS.
SUMMARY CAPEX SUMMARY
BS. 4 BS. 8
attcmnt BS. 11
OIL BS..4.1 attcmnt attchmnt
GAS BS. 4.2

KEY OPS.
OPS
DEPRECIATION
STATISTIC
BS. 2 EXPS.&EXPEND. BS. 14 OLD
SUMMARY
BS 14.1 NEW.1
CAPITAL BS. 3 & 3A
ASSETS PIS BS 14.2 NEW.2
OIL BS. 3/3A.1
BS. 13.0 OLD GAS BS. 3/3A.2
BS 13.1 NEW.1
BS 13.2 NEW.2 PROD. LIFT.
FORECAST
PROG. SUPPORT BS. 16
LISTING OIL BS. 16.1
BS. 15 GAS BS. 16.2

FIN. STATUS
BGT. YEAR
REPORT
EXPEND
BS. 1
BS. 17
OIL BS. 1.1
GAS BS. 1.2
 Cost Recovery Mechanism

EXPLORATION &
DEVELOPMENT
- Seismic
- G&G Studies
- Drilling OPERATING COSTS
- Administration

PRODUCTION
PRIOR YEARS
- Oil Well Operations UNREC. COSTS
- Sec Recovery Operats.
Operats
- Storage, Handling,
CAPITAL Transport, Delivery NON CAPITAL
COST - Supervision COST
- Maintenance
- Electricity Services
- Transportation DEPRECIATION
- Administration

GENERAL &
ADMINISTRATION
- Finance & Admin.
- Safety & Security
- Transportation
- Training
- Accommodation COST
- Personal Expenses GROSS REVENUE
RECOVERY
- Public Relation
- Office Rents
- Gen.Office Expenses
- Home Office O/H

PRICE LIFTING/ EQUITY

PRODUCTION UNREC. COSTS 6
T/B SPLIT
 Schedule of WP&B
BUDGETSCHEDULE DESCRIPTION
Sch.1 BudgetedFinancialStatusReport
Sch.2 BudgetedKeyOperatingStatistics
S h 3
Sch.3 ExpenseandExpenditureBudgetSummary
d di d S
Sch.3A TotalBudgetExpenditure
ExplorationandDevelopmentExpenditureBudget
Development

Sch.4
Explorration

Summary
&

Sch.5
Sch 5 B dgeted E plorator Drilling
BudgetedExploratoryDrilling
&

Sch.6 BudgetedDevelopmentDrilling
Sch.7 BudgetedMiscellaneousCapitalExpenditures
Sch.8 ProductionExpenseBudgetSummary
on
Expenses
Productio

Sch.9 BudgetedproductionFacilitiesCapitalExpenditure
BudgetedMiscellaneousProductionFacilitiesCapital
Sch.10
Expenditures
Sch.11 AdministrativeExpenseBudgetSummary
G&A
A

BudgetedAdministrationCapital
Sch.12
Expenditures
Sch.13 BudgetedCapitalAssetstoPlacedintoservice
Sch.14 BudgetedDepreciationSch.
Sch.15
h DetailedProgramSupportListing
l d
Sch.16 BudgetedProductionLiftingForecast
Sch.17 BudgetYearExpenditure
 Schedule 1
Budgeted Financial Status Report

To summarize elements necessary to calculate the

share of Revenue between Government and Contractor.

To summarize the status of Unrecovered

Other costs, and Government Tax entitlement

Lifting Unrecovered Other Cost

Gross Revenue Government Tax
FTP
I
Investment
t t Credit
C dit
Cost Recovery
Government Share
Contractor Share
 Schedule 2
Budgeted Key Operating Statistics

To obtain forecasts of key operating statistics such as

Production, price, cost per BOE, drilling, seismic run.

Production
Average Price (MCF, BBL, BOE)
Cost per MCF, BBL, BOE
Number of Dev Well
Number of Wildcat Wells
Footage Drilled
Seismic Run
 Schedule 3
Expense and Expenditure Budget Summary

To summarize currentlyy recoverable budgeted

g expenses
p
by quarter

To summarize budgeted capital expenditures for the

budget year

Exploration & Development

-Drilling
-Geological & Geophysical
-Administration
Production
-Operations
-Administration
General & Administration
 Schedule 3A
Total Budgeted Expenditures

To summarize capital
p and non-capital
p expenditure
p byy
quarters

Exploration
E l ti & Development
D l t
-Capital
-Non Capital
Production
-Capital
-Non Capital
General & Administration
-Capital
Capital
-Non Capital
 Schedule 4
Exploration and Development Expenditure Budget Summary

To summarize all budgeted expenditures related to

exploration and development activities

To separate non-capital operating expenditures from capital

expenditures for cost recovery purposes

An attachment to sch. 4 : Personnel Cost, Technical Services

Overseas, Contract Services Domestic, Materials, Insurance,
Environment Control, Sundries

Dev Drilling Seismic & Other Survey

Exploratory Drilling Exploration Administration
Geological
Geo og ca Other
Ot e (Pre-Production
( e oduct o i.e e:
Geophysical Pre-FEED, Amdal, FEED)
 Schedule 5
Budgeted Exploratory Drilling Expenditures

To summarize budgeted exploratory drilling program

expenditures by functional type of expenditures

To list budgeted capital costs for items which will be

P.I.S during the budget year. Capturing this amount will
assist in the computation of depreciation

Tangible Cost
Intangible Cost

Programs To Be Placed Into Services This Year

 Schedule 6
Budgeted Developments Drilling Expenditures

To summarize budgeted development drilling

program expenditures
dit b functional
by f ti l type
t off
expenditures

To list budgeted capital cost for items which will be P.I.S

during the budget year. Capturing this amount will assist
in the computation of depreciation

Tangible Cost
Intangible Cost

Programs To Be Placed Into Services This Year

 Schedule 7
Budgeted Miscellaneous Capital Expenditures

To summarize budgeted miscellaneous capital

expenditures
dit f
for exploration
l ti & development
d l t activities
ti iti
which are not included on sch. 5-6

To list budgeted capital cost for items which will be P.I.S

during the budget year. Capturing this amount will assist
in the computation of depreciation

G & G Capital Expenditures

Administrative Capital Expenditures

Programs To Be Placed Into Services This Year

 Schedule 8
Production Expense Budget Summary

To summarize all recoverable budgeted prod Expenses

by functional expense category
To list budgeted capital costs for items which will be
P.I.S during the budget year. Capturing this amount will
assist in the computation of depreciation

An attachment to sch.
sch 8 : Personnel Cost,
Cost Technical
Services Overseas, Contract Services Domestic,
Materials, Insurance, Environment Control, Sundries

Direct Prod Expenses Oil Utilities & Auxiliary Operations

Direct Prod Expenses Gas Field Office
Office, Svcs
Svcs, & Gen Adm
Gas Processing
 Schedule 9
Budgeted Production Facilities Capital Expenditures

To summarize budgeted production fac. Programs by

functional type of expenditures

To list budgeted capital costs for items which will be

P.I.S during the budget year. Capturing this amount will
assist in the computation of depreciation

Civil Intrumentation
Decks and Structural Steel Paint and Correction Protection
Buildings
B ildings Other
Equipment and Machinery
Piping Programs To Be Placed Into
Electrical Services This Year
 Schedule 10
Budgeted Miscellaneous Facilities Capital Expenditures

To summarize budgeted miscellaneous capital

expenditures not included on sch. 9

To list budgeted capital costs for items which

will be P.I.S during the budget year. Capturing
this amount will assist in the computation of
depreciation

Miscellaneous Facilities Capital Expenditures

Programs To Be Placed Into Services This Year

 Schedule 11
Administrative Expense Budget Summary
To summarize all recoverable budgeted administrative expenses by
functional expense category

To list budgeted capital costs for items which will be P.I.S during
the budget year. Capturing this amount will assist in the
computation of depreciation

An attachment to sch. 11 : Personnel Cost, Technical Services

Overseas, Contract Services Domestic, Materials, Insurance,
Environment Control, Sundries

Finance & Adm Public Relation

Engineering Services Community Development
Material Services General Office Expenses
Transportation Cost Overhead From Abroad
Personnel Expenses Interest On Loans for Cap Invest
 Schedule 12
Budgeted Administration Capital Expenditures

To summarize capital expenditures budgeted for

administration

To list budgeted capital costs for items which will be

P.I.S during the budget year. Capturing this amount will
assist in the computation of depreciation

Miscellaneous GeneraL & Adm Capital Expenditures

Programs To Be Placed Into Services This Year

 Schedule 13
Budgeted Capital Assets to be Placed into Service (PIS)

To summarize capital
p expenditure
p for assets to
be PIS during the budget year

To monitor depreciation by type off asset

Construction Utilities & Auxl Buses
Construction Housing & Welf Aircraft
Drilling Prod Tools Water Transportation Equipt
Production Facilies Contruction Equipt
Automobiles Furniture & Office Equipt
Light Trucks & Tractor Units Other
Heavy Trucks & Trailers
 Schedule 14
Budgeted Depreciation Schedule

To calculate budgeted
g depreciation
p for the yyear

Depreciation for the current year will be

calculated in accordance with the rules presented
in exhibit C of PSC

Calculate Depreciation of : Heavy Trucks & Trailers

Construction Utilities & Auxl Buses
Construction Housing & Welf Aircraft
Drilling Prod Tools Water Transportation Equipt
Production Facilies Contruction Equipt
Automobiles Furniture & Office Equipt
Light Trucks & Tractor Units Other
 Schedule 15
Detailed Program Support Listing

To provide a complete list of all programs approved by

BPMIGAS, and all programs for which approval will be
requested during the budget year

To establish budget control over AFEs prepared during

the budget year

To list budgeted capital costs for items to be PIS during

the budget year. Capturing this amount will assist in the
computation of depreciation

New Program
g Non Capital
p Portion
Old Program Placed Into Service
Capital Portion
 Schedule 16
Production Lifting Forecast

To capture forecast production / lifting

Sch. 16.1 estimated oil lifting in thousands of barrels

Sch 16.2
Sch. 16 2 estimated gas lifting in millions of cubic feet

For purposes of sch. 16 preparation, the Operator may

assume lifting to be equal to production one schedule
should be prepared for each kind of gas production, such
as LNG and Residue Gas

Oil/Condansate Lifting Gas Lifting

 Schedule 17
Budget Year Expenditures

To provide additional information on capital and

operating expenditures

Containing current operating expenditures and capital

expenditures.
No depreciation is to be included.

Capital Expenditures Operating Expenditures

-Exploration & Development -Exploration & Development
-Production
Production -Production
Production
-Administration -Administration
Budget Simulation
 Step by step to Prepare the Annual
Budget

Related to Expenditures
1. Identifying Project and Non Project/routine Activities. Project activities must be listed
on Sch 15
2. Identifying exploration and development expenditures, and posting on Sch 5, Sch 6,
Sch 7, and than summarizing on Sch 4.
y gp
3. Identifying production expenditures
p , and posting
p g on Sch 9,, Sch 10,, and than
summarizing on Sch 8.
4. Identifying general administrative expenditures, and posting on Sch 12, and than
summarizing on Sch 11.
5 Summarizing
5. S i i C
Capital
it l & N
Non C
Capital
it l on Sch
S h 3,
3 Sch
S h 3A and
d Sch
S h 17.
17

Related to Depreciation
1 Classifying assets P
1. P.I.S
I S from Sch 5,
5 Sch 6,
6 Sch 7,
7 Sch 9,
9 Sch 10,
10 and Sch 12 to Sch 13.
13
2. Summarizing depreciation on Sch 14.

Related to Production/Lifting and number of activities

1. Posting estimated monthly and quarterly production/lifting on Sch 16
2. Summarizing production, BOE, number of wells, footage, seismic run, on Sch 2.

S i i di t ib ti S h 1
 A. Identifying Project & Non Project

Non
Sch. 4, 8, & 11
Project/routine

Planned
Activities

Project / AFE S h 15
Sch.
 ( A ) Contd
Should agree with
Should agree with Sch. 4 line tangible
OPERATOR : Sch. 4 line geological BPMIGAS Dev Drilling SCHEDULE 15
Should agree with + geophysical Should agree with
CONTRACT AREA : PRODUCTION SHARING CONTRACT
Sch. 8 Column Capital Sch. 4 line Intangible
BUDGET YEAR :
Expenditures DETAILED PROGRAM SUPPORT LISTING
Dev Drilling
CAPITAL PORTION NON-CAPITAL PORTION
4) ANTI- BUDGETED 8) TO BE 9) ANTI- BUDGETED
CIPATED EXPENDITURES PLACED IN CIPATED EXPENDITURES
LINE PROGRAMS / AFE AFE 1) NEW 2) OLD 3) TOTAL EXPENDI- 7) TOTAL SERVICE EXPENDI- 12) TOTAL
DESCRIPTION NO. PROGRAMS PROGRAMS PROGRAMS TURES 5) CURRENT6) FUTURE THIS YEAR TURES 10) CURRENT11) FUTURE
AS OF YEAR YEAR AS OF YEARS YEARS
31/12/06 31/12/06
Should agree with
1 G & G Support 650 - 650 - - - - - - 650 - 650
Sch.
S h 6 liline ttangible
ibl
2 Exploration Workstation 10-0001 100 - 100 - - - - - - 100 - 100
Dev Drilling
3 Geological & Geophisical Stud 10-0002 550 - 550 - - - - - - 550 - 550
4
5 Development Drilling 41,042 - 41,042 - 9,794 806 10,600 9,794 - 27,661 2,782 27,661
6 Drilling Well ( C) 10-0003 7,057 - 7,057 - 1,946 - 1,946 1,946 - 5,112 - 5,112
7 Drilling Well (D) 10-0004 6,970 - 6,970 - 1,834 - 1,834 1,834 - 5,135 - 5,135
8 Water Disposal Well 10-0005 1,175 - 1,175 - - 103 103 - - - 1,072 -
9 Re-entry Well 10-0006 2,412 - 2,412 - 703 703 - - - 1,709 -
10 Water Disposal Well 10-0009 1,134 - 1,134 - 92 - 92 92 - 1,041 - 1,041
11 Re-entry Well 10-0010 2,316 - 2,316 - 639 - 639 639 - 1,677 - 1,677
12 Drilling Well 10-0011 6,416 - 6,416 - 1,662 - 1,662 1,662 - 4,754 - 4,754
13 Drilling Well 10-0012 6,391 - 6,391 - 1,681 - 1,681 1,681 - 4,710 - 4,710
14 Drilling Well 10-0013 6,420 - 6,420 - 1,820 - 1,820 1,820 - 4,600 - 4,600
15 Development Well 10-0014 752 - 752 - 120 - 120 120 - 632 - 632
16
17 Development Project/Facilities 4,802 232,468 237,270 - 106,008 131,262 237,270 - - - - -
18 EPC Gas Production Facilities 09-0002 - 187,109 187,109 - 83,225 103,884 187,109 - - - - -
19 EPC Pipeline System 09-0003 - 45,358 45,358 - 20,823 24,535 45,358 - - - - -
20 Project - Operation Capital 4,802 - 4,802 - 1,960 2,842 4,802 - - - - -
21
22 Other 150 - 150 - - - - - - 150 - 150
23 Reservoir & Production Study 150 - 150 - - - - - - 150 - 150
24
25 TOTAL 5,452 232,468 279,112 - 115,802 132,067 247,869 9,794 - 28,461 2,782 28,461

Column 1, Cost of
program initiated
during year
Column 4 & 9, Forecast cumulative Column 8, To be
Column 2, expenditures to be made prior to the Placed into Services
Uncompleted prior beginning of the current year budget this year
year program
 B. Identifying Expl. & Dev. Expenditures

Sch. 5
Exploratory Drilling
(Cap & Non Cap)

Sch 6
Sch. Sch 4
Sch.
Development Drilling
(Cap & Non Cap) Expl. & Dev. Expenditures
(Cap & Non Cap)

Sch. 7
Misc. Capital
Expenditures
(Cap)
 ( B ) Contd.
OPERATOR : BPMIGAS SCHEDULE 5

CONTRACT AREA : PRODUCTION SHARING CONTRACT

BUDGET YEAR : BUDGETED EXPLORATORY DRILLING CAPITAL & Note : No Exploratory
Drilling
OPERATING EXPENDITURES

1) OLD 2) 3) 10) PROGRAMS

PROGRAMS NEW TOTAL T I M E P H A S E D BE PLACED

Line DESCRIPTION UNSPENT PROGRAMS TO BE 4) 1st 5) 2nd 6) 3rd 7) 4th 8) THIS 9) SUBSEQUEN INTO SERVICE

AMOUNT SPENT QUARTER QUARTER QUARTER QUARTER YEAR YEAR THIS YEAR

1 TANGIBLE COST :

2 Casing and Tubing - - - - - - - - - -

3 Well Equipment Surface - - - - - - - - - -

4 Well Equipment Subsurface - - - - - - - - - -

5 Other Tangible Costs - - - - - - - - - -

6 Total Tangible Costs - - - - - - - - - -

7 INTANGIBLE COST :

8 Preparation and Termination - - - - - - - - - -

9 Drilling Operations - - - - - - - - - -

10 Completion - - - - - - - - - -

11 General - - - - - - - - - -

12 Other Intangible Costs - - - - - - - - - -

13 Total Intangible Costs - - - - - - - - - -

14 TOTAL COSTS - - - - - - - - - -
 ( B ) Contd.
OPERATOR : BPMIGAS SCHEDULE 6

CONTRACT AREA : PRODUCTION SHARING CONTRACT

Should agree with Sch.
BUDGET YEAR : BUDGET DEVELOPMENT DRILLING CAPITAL & 15 line
li ttangible
ibl D
Dev
OPERATING EXPENDITURES Drilling; Column PIS

1) OLD 2) 3) 10) PROGRAMS

PROGRAMS NEW TOTAL T I M E P H A S E D BE PLACED

Line DESCRIPTION UNSPENT PROGRAMS TO BE 4) 1st 5) 2nd 6) 3rd 7) 4th 8) THIS 9) SUBSEQUEN INTO SERVICE

AMOUNT SPENT QUARTER QUARTER QUARTER QUARTER YEAR YEAR THIS YEAR

1 TANGIBLE COST :

2 Casing and Tubing - 7,169 7,169 60 4,500 2,609 - 7,169 - 7,169

3 Well Equipment Surface - 1,701 1,701 36 1,100 565 - 1,701 - 1,701

4 Well Equipment Subsurface - 924 924 24 600 300 - 924 - 924

5 Other Tangible Costs - - - - - - - - - -

6 Total Tangible Costs - 9,794 9,794 120 6,200 3,474 - 9,794 - 9,794

7 INTANGIBLE COST :

8 Preparation and Termination - 4 050

4,050 4 050
4,050 1 776
1,776 1 300
1,300 974 - 4 050
4,050 - -

9 Drilling Operations - 16,268 16,268 189 5,000 5,500 5,579 16,268 - -

10 Completion - 3,002 3,002 158 800 950 1,094 3,002 - -

11 General - 4,277 4,277 933 1,100 1,100 1,145 4,277 - -

12 Other Intangible Costs - 63 63 63 - - - 63 - -

13 Total Intangible Costs - 27,661 27,661 3,120 8,200 8,524 7,818 27,661 - -

14 TOTAL COSTS - 37,455 37,455 3,240 14,400 11,997 7,818 37,455 - 9,794
 ( B ) Contd.

OPERATOR : BPMIGAS SCHEDULE 7

CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : MISCELLANEOUS CAPITAL EXPENDITURE BUDGET
Functional Area: Exploration & Development

1) OLD 2) 3) 10) PROGRAMS

PROGRAMS NEW TOTAL T I M E P H A S E D BE PLACED
Line DESCRIPTION UNSPENT PROGRAMS TO BE 4) 1st 5) 2nd 6) 3rd 7) 4th 8) THIS 9) SUBSEQUENT INTO SERVICE
AMOUNT SPENT QUARTER QUARTER QUARTER QUARTER YEAR YEAR THIS YEAR

1 G & G Capital Expenditures

2 Computer Equipment & Software - - - - - - - - - -
3
4
5
6
7 Total G & G Capital Expenditures - - - - - - - - - -
8 Administration Capital Expenditure
9
10
11
12 Total Admin. Capital Expenditure
13 TOTAL MISC.EXPL. AND DEV. - - - - - - - - - -

14 CAPITAL EXPENDITURES - - - - - - - - - -
 ( B ) Contd.
OPERATOR : BPMIGAS SCHEDULE 4.0
CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : EXPLORATION AND DEVELOPMENT EXPENDITURE
BUDGET SUMMARY - OIL & GAS

Line DESCRIPTION 1st QUARTER 2nd QUARTER 3rd QUARTER 4th QUARTER TOTAL

1 DRILLING EXPENDITURES
2 Development Drilling
3 Intangible Costs 3,120 8,200 8,524 7,818 27,661
4 Tangible Costs 120 6,200 3,474 - 9,794
5 Total Development Drilling 3 240
3,240 14 400
14,400 11 997
11,997 7 818
7,818 37 455
37,455
6 Exploratory Drilling
7 Intangible Costs - - - - -
8 Tangible Costs - - - - -
9 Total Exploratory Drilling - - - - -
10 Total Intangible Expenditures 3,120 8,200 8,524 7,818 27,661
11 Total Tangible Expenditures 120 6,200 3,474 - 9,794
12 G & G EXPENDITURES
13 Geological 132 133 133 132 530
14 Geophysical 68 67 67 68 270
15 Seismic & Surveys - - - - -
16 Capital Expenditures - - - - -
17 Total G&G Expenditures 200 200 200 200 800
18 Total Non-Capital Expenditures 200 200 200 200 800
19 EXPLORATION ADMIN. EXPENDITURES
20 Administration 104 104 104 104 416
21 Other 31 31 31 31 124
22 Capital Expenditure - - - - -
23 Total Administration Expenditures 135 135 135 135 540
24 T t l Non-Capital
Total N C it l E Expenditures
dit 135 135 135 135 540
25 TOTAL EXPLO./DEVELOPMENT EXPENDITURES 3,575 14,735 12,332 8,153 38,795
26 TOTAL NON-CAPITAL EXPENDITURE 3,455 8,535 8,859 8,153 29,001

27 TOTAL CAPITAL EXPENDITURE 120 6,200 3,474 - 9,794

 ( B ) Contd.
OPERATOR : BPMIGAS ATTACHMENT TO
CONTRACT AREA : PRODUCTION SHARING CONTRACT SCHEDULE 4.0
BUDGET YEAR : EXPLORATION & DEVELOPMENT EXPENDITURE
BUDGET SUMMARY - OIL & GAS
PERSONNEL COST TECHNICAL CONTRACT/ MATERIALS INSURANCE ENVIRON- SUNDRIES TOTAL
DESCRIPTION SALARIES & WAGES EMPLOYEE BENEFIT SERVICES SERVICES IMPORT DOMESTIC OVERSEAS DOMESTIC MENT CTRL OVERSEAS DOMESTIC OVERSEAS DOMESTIC TOTAL

EXPAT NATIONAL EXPAT NATIONAL OVERSEAS DOMESTIC Consumables Capital Consumables Capital DOMESTIC

1 DRILLING EXPENDITURES
2 Development Drilling :
3 Intangible Costs - - - - - 27,661 - - - - - - - - - - 27,661 27,661
4 Tangible
g Costs *)) - - - - - - - - - 9,794
, - - - - - - 9,794
, 9,794
,
5 Total Development Drilling - - - - - 27,661 - - - 9,794 - - - - - - 37,455 37,455
6 Exploratory Drilling : - - -
7 Intangible Costs - - - - - - - - - - - - - - - - - -
8 Tangible Costs *) - - - - - - - - - - - - - - - - - -

9 Total Exploratory Drilling - - - - - - - - - - - - - - - - - -

10 Total Drilling Expenditures - - - - - 27,661 - - - 9,794 - - - - - - 37,455 37,455

11 Total
T t l Intangible
I t ibl Expenditures
E dit - - - - - 27 661
27,661 - - - - - - - - - - 27,661 27,661

12 Total Tangible Expenditures - - - - - - - - - 9,794 - - - - - - 9,794 9,794

13 G & G EXPENDITURES
14 Geological - - - - - 280 - - - - - - - - 250 - 530 530
15 Geophysical - - - - - 270 - - - - - - - - - - 270 270
16 Seismic & Other Surveys - - - - - - - - - - - - - - - - - -
17 Capital
p Expenditures
p - - - - - - - - - - - - - - - - - -
18 Total G & G Expenditures - - - - - 550 - - - - - - - - 250 - 800 800

19 Total Non-Capital Expenditures - - - - - 550 - - - - - - - - 250 - 800 800

20 EXPL. ADM. EXPENDITURES

21 Administration - 250 - 80 - 60 - - - - - - - - 26 - 416 416
22 Other - - - - - - - - - - - - - - 124 - 124 124
23 Capital Expenditures - - - - - - - - - - - - - - - - - -

24 Total Administration Expenditures - 250 - 80 - 60 - - - - - - - - 150 - 540 540

25 Total Non-Capital Expenditures - 250 - 80 - 60 - - - - - - - - 150 - 540 540

26 TOTAL EXPL./DEV. EXPENDITURES - 250 - 80 - 28,271 - - - 9,794 - - - - 400 - 38,795 38,795

27 TOTAL NON-CAPITAL EXPENDITUR - 250 - 80 - 28,271 - - - - - - - - 400 - 29,001 29,001

 C. Identifying Production Expenditures

Sch. 9
Prod. Facilities
(Cap)

Sch. 8
Production Expense
(Cap & Non Cap)

Attachment

Sch. 10
Misc. Prod Facilities
(Cap)
 (C ) Contd.

OPERATOR : BPMIGAS SCHEDULE 9

CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : BUDGETED PRODUCTION FACILITIES CAPITAL EXPENDITURE

1) OLD 2) 3) 10) PROGRAMS

PROGRAMS NEW TOTAL TIME PHASED BE PLACED
Line DESCRIPTION UNSPENT PROGRAMS TO BE 4) 1st 5) 2nd 6) 3rd 7) 4th 8) THIS 9) SUBSEQUENINTO SERVICE
AMOUNT SPENT QUARTER QUARTER QUARTER QUARTER YEAR YEAR THIS YEAR

1 EPC Phase - - - - - - - - - -
2 Detailed Engineering 5,500 - 5,500 825 1,100 1,650 1,925 5,500 - -
3 Civil/ Site Preparation 8,440 - 8,440 629 838 1,257 1,466 4,190 4,250 -
4 Building Construction 7 700
7,700 - 7 700
7,700 300 400 600 700 2 000
2,000 5 700
5,700 -
5 Equipment Purchase Commitmen 91,992 - 91,992 5,250 7,000 10,500 12,250 35,000 56,992 -
6 Plant and Field Construction 100,318 - 100,318 7,050 9,400 14,100 16,450 47,000 53,318 -
7 General Support - - - - - - - - - -
8 Project Management 11,898 - 11,898 622 851 1,151 1,274 3,898 8,000 -
9 Technical Services - - - - - - - - - -
10 Land Acquisition 3,960 - 3,960 579 772 1,158 1,351 3,860 100 -
11 Insurance 2,660 - 2,660 390 520 780 910 2,600 60 -

12 Other - Gelam - 4,802 4,802 490 490 490 490 1,960 2,842 -

FACILITIES EXPENDITURE 232,468 4,802 237,270 16,135 21,371 31,686 36,816 106,008 131,262 -
 ( C ) Contd.

OPERATOR : BPMIGAS SCHEDULE 10

CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : BUDGETED MISCELLANEOUS CAPITAL EXPENDITURE
Functional Area : Production

1) OLD 2) 3) 10) PROGRAMS

PROGRAMS NEW TOTAL TIME PHASE TOTAL EXPEN BE PLACED
Line DESCRIPTION UNSPENT PROGRAMS TO BE 4) 1st 5) 2nd 6) 3rd 7) 4th 8) THIS 9) SUBSEQUE INTO SERVICE
AMOUNT SPENT QUARTER QUARTER QUARTER QUARTER YEAR YEAR THIS YEAR
1 - - - - - - - - - -
2 - - - - - - - - - -
3 - - - - - - - - - -
4 - - - - - - - - - -
5 - - - - - - - - - -
6 - - - - - - - - - -
7 - - - - - - - - - -
8 - - - - - - - - - -
9 - - - - - - - - - -

10 TOTAL PRODUCTION MISCE - - - - - - - - - -

 ( C ) Contd.
OPERATOR : BPMIGAS ATTACHMENT SCHEDULE 8
CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : PRODUCTION EXPENSE BUDGET SUMMARY

PERSONNEL COST TECHNICAL CONTRACT/ MATERIALS INSURANCE ENVIRON- SUNDRIES TOTAL

DESCRIPTION SALARIES & WAGES EMPLOYEE BENEFIT SERVICES SERVICES IMPORT DOMESTIC OVERSEAS DOMESTICMENT CTRLOVERSEAS DOMESTIC OVERSEAS DOMESTIC TOTAL
EXPAT NATIONAL EXPAT NATIONAL OVERSEAS DOMESTIC Consumables Capital Consumables Capital DOMESTIC
1 DIRECT PRODUCTION EXPENSE - OIL
2 Oil Well Operations - - - - - - - - - - - - - - 1 - 1 1
3 Oil Production and Processing Facilities - - - - - - - - - - - - - - 1 - 1 1
4 Secondary Recovery Operations - - - - - - - - - - - - - - - - - -
5 Storage,Handling,Transportation,Delivery - - - - - 103 - - - - - - - - - - 103 103
6 Supervision - - - - - - - - - - - - - - - - - -
7 Maintenance - - - - - - - - - - - - - - - - - -
8 Other Direct Production Expense - Oil - - - - - - - - - - - - - - 1 - 1 1
9 Total Direct Production Expense - Oil - - - - - 103 - - - - - - - - 3 - 106 106
10 DIRECT PRODUCTION EXPENSE - GAS
11 Gas Well Operations 1 6 1 3 - - - - 17 - - - - - 41 - 69 69
12 Gas Production Facilities Operations 10 52 10 22 - - - - 157 - - - - - 367 - 618 618
13 Gas Transportation 1 3 - 1 - - - - 9 - - - - - 21 - 35 35
14 Supervision 1 4 1 2 - - - - - - - - - - 37 - 45 45
15 Maintenance - - - - - 2 - - - - - - - - 10 - 12 12
16 Other Direct Production Expense - Gas - - - - - - - - - - - - - - 34 - 34 34
17 Total Direct Production Expense - Gas 13 65 12 28 - 2 - - 183 - - - - - 510 - 813 813
18 GAS PROCESSING
19 G
Gas Plant - - - - - 159 - - - - - - - - - - 159 159
20 Storage,Handling,Transportation,Delivery - - - - - 1,574 - - - - - - - - - - 1,574 1,574
21 Supervision - - - - - - - - - - - - - - - - - -
22 Maintenance - - - - - - - - - - - - - - - - - -
23 Other Gas Processing Expense (inc.flaring co - - - - - - - - - - - - - - - - - -
24 Total Gas Processing - - - - - 1,733 - - - - - - - - - - 1,733 1,733
25 UTILITIES AND AUXILIARY OPERATIONS
26 Production Tools and Equipment Maintenance - 1 - 1 - - - - - - - - - - 12 - 14 14
27 Steam Services - - - - - - - - - - - - - - - - - -
28 Electricity Services - - - - - - - - - - - - - - - - - -
29 Industrial and Domestic Water Service - - - - - - - - - - - - - - - - - -
30 Compressed Air Service - - - - - - - - - - - - - - - - - -
31 Other - - - - - - - - - - - - - - 9 - 9 9
32 Total Utilities and Auxiliaries - 1 - 1 - - - - - - - - - - 21 - 23 23
33 TOTAL PRODUCTION OPERATIONS 13 66 12 29 - 1 838
1,838 - - 183 - - - - - 534 - 2,675
2 675 2,675
2 675
34 FIELD OFFICE, SERVICES AND GENERAL ADMIN.
35 General and Administration
Stationery & Supplies - - - - - - - - - - - - - - - - - -
Communication - - - - - - - - - - - - - - - - - -
Furniture & Equipment (Low value) - - - - - - - - - - - - - - - - - -
Rents, Licenses - - - - - - - - - - - - - - 1 - 1 1
Travel and Entertainment (non-allocated) - - - - - - - - - - - - - - - - - -
Computerization - - - - - - - - - - - - - - - - - -
Subtotal - - - - - - - - - - - - - - 1 - 1 1
36 Technical Support Services
Engineering 1 4 1 2 - 43 - - - - - - - - - - 51 51
Workshop - - - - - - - - - - - - - - - - - -
Safety - - - - - - - - - - - - - - - - - -
Securityy - - - - - - - - - - - - - - - - - -
Subtotal 1 4 1 2 - 43 - - - - - - - - - - 51 51
37 Material Services
Materials Administration - - - - - - - - - - - - - - 2 - 2 2
Handling & Transportation - - - - - - - - - - - - - - - - - -
Stock Differences - - - - - - - - - - - - - - - - - -
Deterioration, Breakage - - - - - - - - - - - - - - - - - -
Reconditioning - - - - - - - - - - - - - - - - - -
Salvage - - - - - - - - - - - - - - - - - -
Scrap - - - - - - - - - - - - - - - - - -
Subtotals - - - - - - - - - - - - - - 2 - 2 2
38 Transportation Costs - - - - - - - - - - - - - - 6 - 6 6
39 Office and Misc. Building Operations - - - - - - - - - - - - - - - - - -
40 Personnel Expenses
Employee Relations - - - - - - - - - - - - - - 13 - 13 13
Training - - - - - - - - - - - - - - - - - -
Accommodation - - - - - - - - - - - - - - - - - -
Welfare - - - - - - - - - - - - - - - - - -
Subtotals - - - - - - - - - - - - - - 13 - 13 13
41 Public Relations - - - - - - - - - - - - - - - - - -
42 Depreciation - - - - - - - - - - - - - - 224 - 224 224
43 Other - - - - - - - - - - - - - - 3 - 3 3
44 Total Field Office,Services and General 1 4 1 2 - 43 - - - - - - - - 249 - 300 300
45 TOTAL PRODUCTION EXPENSE 14 70 13 31 - 1,881 - - 183 - - - - - 783 - 2,975 2,975
 ( C ) Contd.
OPERATOR : BPMIGAS SCHEDULE 8
CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : PRODUCTION EXPENSE BUDGET COMPANY

T I M E P H A S E D CAPITAL EXPENDITURES
Line D E S C R I P T I O N 1) 1st 2) 2nd 3) 3rd 4) 4th 5)TOTAL FO6) 7) PLACED
QUARTER QUARTER QUARTER QUARTERTHE YEAR THIS YEAR IN SERVICE
1 DIRECT PRODUCTION EXPENSE - OIL
2 Oil W ell Operations - 1 - - 1 - -
3 Oil Production and Processing Facilities - - 1 - 1 - -
4 Secondary Recov ery Operations - - - - - - -
5 Storage,Handling,Transportation,Delivery 25 26 26 26 103 - -
6 Supervision - - - - - - -
7 Maintenance - - - - - - -
8 Other Direct Production Expense - Oil - - - 1 1 - -
9 Total Direct Production Expense - Oil 25 27 27 27 106 - -
10 DIRECT PRODUCTION EXPENSE - GAS
11 Gas W ell Operations 17 17 17 18 69 - -
12 Gas Production Facilities Operations 155 155 154 154 618 - -
13 Gas Transportation 9 9 9 8 35 - -
14 Supervision 11 11 12 11 45 - -
15 Maintenance 3 3 3 3 12 - -
16 Other Direct Production Expense - Gas 8 9 9 8 34 - -
17 Total Direct Production Expense - Gas 203 204 204 202 813 - -
18 GAS PROCESSING
19 Gas Plant 40 40 40 39 159 106,008 106,008
20 Storage,Handling,Transportation,Delivery 394 393 393 394 1,574 - -
21 Supervision - - - - - - -
22 Maintenance - - - - - - -
23 Other Gas Processing Expense (inc.flaring costs) - - - - - - -
24 g
Total Gas Processing 434 433 433 433 1,733
, 106,008
, 106,008
,
25 UTILITIES AND AUXILIARY OPERATIONS
26 Production Tools and Equipment Maintenance 3 4 3 4 14 - -
27 Steam Services - - - - - - -
28 Electricity Serv ices - - - - - - -
29 Industrial and Domestic W ater Service - - - - - - -
30 Compressed Air Serv ice - - - - - - -
31 Other 2 2 3 2 9 - -
32 Total Utilities and Auxiliaries 5 6 6 6 23 - -
33 TOTAL PRODUCTION OPERATIONS 667 670 670 668 2,675 106,008 106,008
34 FIELD OFFICE, SERVICES AND GENERAL ADMIN.
35 General and Administration - - 1 - 1 - -
36 Technical Services 12 13 13 13 51 - -
37 Material Services - 1 - 1 2 - -
38 Transportation Costs 1 2 1 2 6 - -
39 Office and Misc. Building Operations - - - - - - -
40 Personnel Expenses 3 3 3 4 13 - -
41 Public Relations - - - - - - -
42 Depreciation 56 56 56 56 224 - -
43 Other - 1 1 1 3 - -
44 Total Field Office,Services and General 72 76 75 77 300 - -
45 TOTAL PRODUCTION EXPENSE 739 746 745 745 2,975 106,008 106,008
46 Less Depreciation Expense 56 56 56 56 224 - -
47 NON-CAPITAL PRODUCTION EXPENDITURES 683 690 689 689 2,751 - -
48 ALLOCATED TO OIL OPERATIONS 69 69 68 69 275 - -
49 ALLOCATED TO GAS OPERATIONS 614 621 621 620 2,476 106,008 106,008
PRODUCTION COST SUMMARY
Thousand of Equivalent Barrels
8)MBBL OFPROD COST
PERIOD PRODUCT 9) PER BBL
51 1st Qtr 318 2.32
52 2nd Qtr 330 2.26
53 3rd Qtr 296 2.51
54 4th Qtr 259 2.88
 D. Identifying G & A Expenditures

Sch. 12
Adm. Capital
Sch. 11
E
Expenditure
dit Adm. Expenses
Adm
(Cap)
(Cap & Non Cap)

Attachment
 ( D ) Contd

OPERATOR : BPMIGAS SCHEDULE 12

CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : BUDGETED MISCELLANEOUS CAPITAL EXPENDITURE
Functional Area : General & Administration

1)) OLD 2)) 3)) 10)) PROGRAMS

PROGRAMS NEW TOTAL TIME PHASED TOTAL EXPENDITURES BE PLACED
Line DESCRIPTION UNSPENT PROGRAMS TO BE 4) 1st 5) 2nd 6) 3rd 7) 4th 8) THIS 9) SUBSEQUE INTO SERVICE
AMOUNT SPENT QUARTER QUARTER QUARTER QUARTER YEAR YEAR THIS YEAR
1 SAP - - - - - - - - - -
2 IS Capital - - - - - - - - - -
3 Office Fitout - - - - - - - - - -
4 Furniture and Equipment - 150 150 - 50 50 50 150 - 150
5 - - - - - - - - - -
6 - - - - - - - - - -
7 - - - - - - - - - -
8 - - - - - - - - - -
9 - - - - - - - - - -

10 TOTAL MISC. CAPITAL - 150 150 - 50 50 50 150 - 150

 ( D ) Contd
OPERATOR : BPMIGAS ATTACHMENT TO
CONTRACT AREA : PRODUCTION SHARING CONTRACT SCHEDULE 11
BUDGET YEAR : ADMINISTRATIVE BUDGET SUMMARY

PERSONNEL COST TECHNICAL CONTRACT/ MATERIALS INSURANCE ENVIRON- SUNDRIES TOTAL

DESCRIPTION SALARIES & WAGES EMPLOYEE BENEFIT SERVICES SERVICES IMPORT DOMESTIC OVERSEAS DOMESTICMENT CTRLOVERSEAS DOMESTIC OVERSEAS DOMESTIC TOTAL
EXPAT NATIONAL EXPAT NATIONAL ASSISTANT DOMESTIC Consumables Capital Consumables Capital DOMISTIC
1 FINANCE & ADMINISTRATION
2 Legal Services - - - - - 15 - - - - - - - - - - 15 15
3 Audit Services - - - - - 10 - - - - - - - - - - 10 10
4 Tax Services - - - - - - - - - - - - - - - - - -
5 Business Insurance - - - - - - - - - - - - - - - - - -
6 Other - - - - - - - - - - - - - - 20 - 20 20
7 Total Finance and Administratio - - - - - 25 - - - - - - - - 20 - 45 45
8 ENGINEERING SERVICES - - - - - - - - - - - - - - - - - -
9 MATERIAL SERVICES
10 Material Department - - - - - - - - - - - - - - 20 - 20 20
11 Handling And Transportation - - - - - - - - - - - - - - 12 - 12 12
12 Stock Difference - - - - - - - - - - - - - - - - - -
13 Deterioration, Breakage - - - - - - - - - - - - - - - - - -
14 Reconditioning - - - - - - - - - - - - - - - - - -
15 Salvage - - - - - - - - - - - - - - - - - -
16 Scrap - - - - - - - - - - - - - - - - - -
17 Other - - - - - - - - - - - - - - 20 - 20 20
18 Total Material Services - - - - - - - - - - - - - - 52 - 52 52
19 TRANSPORTATION COSTS
20 Air - - - - - - - - - - - - - - - - - -
21 Automobile - - - - - 40 - - - - - - - - 30 - 70 70
22 Other - - - - - 9 - - - - - - - - - - 9 9
23 Total Transportation Costs - - - - - 49 - - - - - - - - 30 - 79 79
24 PERSONNEL EXPENSES
25 Employee Relations - 1,191 - 396 - 150 - - - - - - - - 66 - 1,803 1,803
26 T i i
Training - - - - - 358 - - - - - - - - - - 358 358
27 Accomodations - - - - - - - - - - - - - - 19 - 19 19
28 Welfare - - - - - - - - - - - - - - 51 - 51 51
29 Other - - - - - - - - - - - - - - 6 - 6 6
30 Total Personnel Expenses - 1,191 - 396 - 508 - - - - - - - - 142 - 2,237 2,237
31 PUBLIC RELATIONS
32 Trips - - - - - - - - - - - - - - - - - -
33 Other - - - - - - - - - - - - - - 20 - 20 20
34 Total Public Relations - - - - - - - - - - - - - - 20 - 20 20
35 COMMUNITY DEVELOPMENT
36 Company Project - - - - - - - - - - - - - - - - - -
37 Oth
Other - - - - - 150 - - - - - - - - - - 150 150
38 Total Community Development - - - - - 150 - - - - - - - - - - 150 150
39 GENERAL OFFICE EXPENSES
40 Stationery and Supplies - - - - - - - - 25 - - - - - 4 - 29 29
41 Communications - - - - - 60 - - - - - - - - - - 60 60
42 Furniture and Equipment (low value) - - - - - - - - - - - - - - - - - -
43 Rents, Licenses - - - - - 332 - - - - - - - - - - 332 332
44 Travel and Entertainment (non-alloca - - - - - 86 - - - - - - - - - - 86 86
45 Computerization - - - - - 144 - - - - - - - - - - 144 144
46 Depreciation - - - - - - - - - - - - - - 59 - 59 59
47 Other - - - - - - - - - - - - - - 24 - 24 24
48 Total General Office Expense - - - - - 622 - - 25 - - - - - 87 - 734 734
49 OVERHEAD FROM ABROAD - - - - - - - - - - - - - - 2,276 - 2,276 2,276
50 INTEREST ON LOANS FOR CAP.INVES - - - - - - - - - - - - - - - - - -
51 TOTAL ADMINISTRATIVE EXPENS - 1,191 - 396 - 1,354 - - 25 - - - - - 2,627 - 5,593 5,593
52 Less Depreciation Expense - - - - - - - - - - - - - - 59 - 59 59
53 NON-CAPITAL ADM. EXPENDITUR - 1,191 - 396 - 1,354 - - 25 - - - - - 2,568 - 5,534 5,534
54 ALLOCATED TO OIL OPERATIONS - 298 - 99 - 339 - - 6 - - - - - 642 - 1,384 1,384

55 ALLOCATED TO GAS OPERATION - 893 - 297 - 1,016 - - 19 - - - - - 1,926 - 4,150 4,150

OPERATOR :
( D ) Contd BPMIGAS SCHEDULE 11
CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : ADMINISTRATIVE EXPENSE BUDGET SUMMARY

T I M E P H A S E D CAPITAL EXPENDITURE
Line D E S C R I P T I O N 1) 1st 2) 2nd 3) 3rd 4) 4th 5)TOTAL FO6) 7) PLACED
QUARTER QUARTER QUARTER QUARTER THE YEAR THIS YEAR IN SERVICE
1 FINANCE & ADMINISTRATION
2 Legal Services 3 4 4 4 15 - -
3 Audit Services 2 2 3 3 10 - -
4 Tax Services - - - - - - -
5 Business Insurance - - - - - - -
6 Other 5 5 5 5 20 - -
7 Total Finance and Administration 10 11 12 12 45 - -
8 ENGINEERING SERVICES - - - - - - -
9 MATERIAL SERVICES
10 Material Department 5 5 5 5 20 - -
11 Handling And Transportation 3 3 3 3 12 - -
12 Stock Difference - - - - - - -
13 Deterioration, Breakage - - - - - - -
14 Reconditioning - - - - - - -
15 Salvage - - - - - - -
16 Scrap - - - - - - -
17 Other 5 5 5 5 20 - -
18 Total Material Services 13 13 13 13 52 - -
19 TRANSPORTATION COSTS
20 Air - - - - - - -
21 Automobile 17 17 18 18 70 - -
22 Other 2 2 2 3 9 - -
23 Total Transportation Costs 19 19 20 21 79 - -
24 PERSONNEL EXPENSES
25 Employee Relations 451 451 450 451 1,803 - -
26 Training 45 91 105 117 358 - -
27 Accommodtions 4 5 5 5 19 - -
28 W elfare 12 12 13 14 51 - -
29 Other 1 2 1 2 6 - -
30 Total Personnel Expenses 513 561 574 589 2,237 - -
31 PUBLIC RELATIONS
32 Trips - - - - - - -
33 Other 5 5 5 5 20 - -
34 Total Public Relations 5 5 5 5 20 - -
35 COMMUNITY DEVELOPMENT
36 Company Project - 50 50 50 150 - -
37 Other - - - - - - -
38 Total Community Development - 50 50 50 150 - -
39 GENERAL OFFICE EXPENSES
40 Stationery and Supplies 7 7 7 8 29 - -
41 Communications 15 15 15 15 60 - -
42 Furniture and Equipment (low value) - - - - - 150 150
43 Rents, Licenses 83 83 83 83 332 - -
44 Travel and Entertainment (non-allocated) 21 21 22 22 86 - -
45 Computerization 36 36 36 36 144 - -
46 Depreciation 14 15 15 15 59 - -
47 Other 6 6 6 6 24 - -
48 Total General Office Expense 182 183 184 185 734 150 150
49 OVERHEAD FROM ABROAD 335 575 656 710 2,276 - -
50 INTEREST ON LOANS FOR CAP.INVESMNT - - - - - - -
51 TOTAL ADMINISTRATIVE EXPENSE 1,077 1,417 1,514 1,585 5,593 150 150
52 Less Depreciation Expense 14 15 15 15 59 - -
53 NON-CAPITAL ADMIN. EXPENDITURES 1,063 1,402 1,499 1,570 5,534 150 150
54 ALLOCATED TO OIL OPERATIONS 266 350 375 393 1,384 38 38
55 ALLOCATED TO GAS OPERATIONS 797 1,052 1,124 1,177 4,150 112 112
 E. Summarizing Cap & Non Cap

Sch. 4
Expl. & Dev.
Expenditures Sch. 3 Sch. 14
(Cap & Non Cap) Expenditures Summary
Depreciation
(Cap & Non Cap)
Attachment

Sch. 8
Production Expenses Sch. 3A
(Cap & Non Cap) Expenditures Summary
(Cap & Non Cap)
Attachment

Sch. 11
Administrative Sch. 17
Expenses Expenditures
E di S
Summary
(Cap & Non Cap) (Cap & Non Cap)
Attachment
 ( E ) Contd

OPERATOR : BPMIGAS SCHEDULE 3.0

CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : EXPENSE AND EXPENDITURE BUDGET SUMMARY
OIL AND GAS OPERATIONS

1) 2) 3) 4) CURRENT YEAR OPERATING EXPENSES

CURRENT CURRENT TOTAL CURRENT
CAPITAL OPERATING EXPEND- YEAR TIME PHASED
Line DESCRIPTION EXPEND- EXPEND- ITURES DEPR. 5) 1st 6) 2nd 7) 3rd 8) 4th 9) TOTAL
ITURES ITURES QUARTER QUARTER QUARTER QUARTER FOR YEAR

1 EXPLORATION & DEVELOPMENT

2 Drilling * 9,794.0 27,661.0 37,455.0 - 3,119.8 8,200.0 8,523.6 7,817.6 27,661.0

3 Geological & Geophysical - 800.0 800.0 - 200.0 200.0 200.0 200.0 800.0

4 Administration * - 540.0 540.0 - 135.0 135.0 135.0 135.0 540.0

5 Total Exploration & Development 9,794.0 29,001.0 38,795.0 - 3,454.8 8,535.0 8,858.6 8,152.6 29,001.0

6 PRODUCTION

7 Operations * 106,008.0 2,675.0 108,683.0 - 667.0 670.0 670.0 668.0 2,675.0

8 Administration - 76.0 76.0 224.0 72.0 76.0 75.0 77.0 300.0

9 Total Production 106,008.0 2,751.0 108,759.0 224.0 739.0 746.0 745.0 745.0 2,975.0

10 GENERAL & ADMINISTRATION 150.0 5,534.0 5,684.0 59.0 1,077.0 1,417.0 1,514.0 1,585.0 5,593.0

11 TOTAL 115,952.0 37,286.0 153,238.0 283.0 5,270.8 10,698.0 11,117.6 10,482.6 37,569.0
 ( E ) Contd

OPERATOR : BPMIGAS SCHEDULE 3A.0

CONTRACT AREA : PRODUCTION SHARING CONTRACT

BUDGET YEAR : TOTAL BUDGETED EXPENDITURES
OIL AND GAS OPERATIONS
1) 2) 3) 4) 5) TOTAL

Line DESCRIPTION 1st QUARTER 2nd QUARTER 3rd QUARTER 4th QUARTER FOR THE YEAR

1 Exploration & Development - Non Capital 3,455 8,535 8,859 8,153 29,001

2 Exploration & Development - Capital 120 6,200 3,474 - 9,794

3 Total Exploration 3,575 14,735 12,332 8,153 38,795

4 Production - Non Capital 683 690 689 689 2,751

5 Production - Capital 16,135 21,371 31,686 36,816 106,008

6 Total Production 16,818 22,061 32,375 37,505 108,759

7 Administration - Non Capital 1,063 1,402 1,499 1,570 5,534

8 Administration - Capital - 50 50 50 150

9 Total Administration 1,063 1,452 1,549 1,620 5,684

10 TOTAL EXPENDITURES - NON CAPITAL 5,201 10,627 11,047 10,412 37,286

11 TOTAL EXPENDITURES - CAPITAL 16 255

16,255 27 621
27,621 35 210
35,210 36 866
36,866 115 952
115,952

12 TOTAL EXPENDITURES 21,456 38,248 46,256 47,278 153,238

 ( E ) Contd

OPERATOR : BPMIGAS SCHEDULE 17

CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : BUDGET YEAR EXPENDITURES

PERSONNEL COST TECHNICAL CONTRACT/ MATERIALS INSURANCE ENVIRON- SUNDRIES TOTAL

DESCRIPTION SALARIES & WAGES EMPLOYEE BENEFIT SERVICES SERVICES IMPORT DOMESTIC OVERSEASDOMESTICMENT CTRL OVERSEASDOMESTIC OVERSEAS DOMESTIC TOTAL
EXPAT NATIONAL EXPAT NATIONAL ASSISTANT DOMESTIC Consumables Capital Consumables Capital DOMESTIC

1 CAPITAL EXPENDITURES

2 Exploration & Development - - - - - - - - - 9,794 - - - - - - 9,794 9,794

3 Production - - - - - 106,008 - - - - - - - - - - 106,008 106,008

4 Administration - - - - - - - - 150 - - - - - - - 150 150

5 Total Capital Expenditures - - - - - 106,008 - - 150 9,794 - - - - - - 115,952 115,952

6 OPERATION EXPENDITURES - - -

7 Exploration & Development - 250 - 80 - 28,271 - - - - - - - - 400 - 29,001 29,001

8 Production 14 70 13 31 - 1,881 - - 183 - - - - - 559 27 2,724 2,751

9 Administration - 1,191 - 396 - 1,354 - - 25 - - - - - 2,568 - 5,534 5,534

10 p g Expenditures
Total Operating p 14 1,511
, 13 507 - 31,506
, - - 208 - - - - - 3,527
, 27 37,259
, 37,286
,

11 TOTAL EXPENDITURES 14 1,511 13 507 - 137,514 - - 358 9,794 - - - - 3,527 27 153,211 153,238
 F. Identifying Asset will be P.I.S and
Calculating Depreciation
Sch. 5
(P.I.S)

Sch. 6
(P.I.S)

Sch. 7
(P.I.S)
Sch. 13 Sch. 14
(P.I.S) (Depreciation)

Sch. 9
(P.I.S)

Sch. 10
(P.I.S)

Sch. 12
(P.I.S)
 ( F ) Contd

OPERATOR : BPMIGAS SCHEDULE 14.0

CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET
U G YEAR : BUDGETED
U G DEPRECIATION
C O SC
SCHEDULE
U
OIL & GAS
1) Placed in Service 1989-2004 Placed in Service 2005 Placed In Service 2006 12)
Line ASSET DESCRIPTION ASSET 2) 3) 4) 5) * 6) 7) 8) 9) * 10) 11) * Total
GROUP Original Accumul. Deprec. 2004 S Original Accumul. Deprec. 2005 S Assets 2006 S 2006
LIFE Cost Reserve Balance Deprec. D Cost Deprec. Balance Deprec. D Plc.in Svc Deprec. D Deprec.
1 GROUP 1
2 Automobiles - - - - - D - - - - D - - D -
3 Light Trucks & Tractor Units - - - - - - - - - - - -
4 Heavy Trucks & Trailers - - - - - - - - - - - -
5 Buses - - - - - - - - - - - -
6 Aircraft - - - - - - - - - - - -
7 Construction Equipment - - - - - - - - - - - -
8 Furniture & Office Equipment 5 46 40 6 2 D 54 12 43 19 D 150 38 D 59
9 GROUP 2
10 Construction Utilities & Auxiliaries - - - - - - - - - - - -
11 Construction Housing & Welfare - - - - - D - - - - - - -
12 Production Facilities 6 9,073 9,073 0 0 D 45 11 34 9 D 2,151 215 D 224
13 Production Tools - - - - - D - - - - D - - D -
14 Water Transportation Equipment - - D -
15 Railroad Cars & Locomotive

16 TOTAL 9,119 9,113 6 2 100 23 77 28 2,301 253 283

 G. Completing Other Schedule

Sch 1
Sch.
Financial Status Report Sch. 2
Key Operating Statistics

Sch. 8
Production Expenses

Sch. 16
Production Lifting
Forecast
 ( G ) Contd.
OPERATOR : BPMIGAS SCHEDULE 2
CONTRACT AREA : PRODUCTION SHARING CONTRACTS
BUDGET YEAR : BUDGETED KEY OPERATING STATISTICS
OIL AND GAS OPERATIONS
1) 1ST 2) 2ND 3) 3RD 4) 4TH 5)
Line DESCRIPTION QUARTER QUARTER QUARTER QUARTER TOTAL

1 PRODUCTION
2 Number of Producing Fields 1 1 1 1 1
3 T t l Crude
Total C d anddCCondensate
d t P
Produced
d d MBBL 58 60 54 47 219
4 Total Natural Gas Produced MMCF 1,561 1,620 1,454 1,270 5,906
5 Average Production Per Well Equiv.MBPD 3.54 3.63 3.22 2.81 3.30
6 Total Number of Wells Operating 1 1 1 1 1
7 Total Number of Wells Shut-In - - - - -
8 PRICE
9 Average Price per MCF - Gas 9.10 9.10 9.10 9.10 9.10
10 Average Price per BBL - Oil 80.00 80.00 80.00 80.00 80.00
11 Average Price per Equiv.BBL (6 MCF = 1 BOE) 59.23 59.22 59.23 59.21 59.22
12 COST
13 Average Prod. Cost per Equiv. BBL 2.32 2.26 2.51 2.88 2.47
14 Average Total Cost per Equiv. BBL 16.35 32.20 37.27 40.24 30.99
15 Total Invest. to Date per Oper. Well 63,279 63,290 63,301 63,312 63,312
16 Total Invest. to Date per BBL of Res. 11.45 10.81 10.29 9.88 9.88
17 DRILLING
18 Number of Development Wells Completed - 1 2 3 6
19 Number of Development Wells Successful - 1 2 3 6
20 p
Number of Wildcat Wells Completed - - - - -
21 Number of Wildcat Wells Successful - - - - -
22 Total Footage Drilled - 7,750 13,200 23,600 44,550
23 Total Seismic Run (KM) - - - - -
 ( G ) Contd
OPERATOR : BPMIGAS SCHEDULE 16.2
CONTRACT AREA : PRODUCTION SHARING CONTRACT
BUDGET YEAR : LIFTING FORECAST - GAS

L GAS - MMSCF
I TIME PERIOD FIELDS
PRODUCING & NON PRODUCING REGENT
N 1) 2) 3) 4) 5) 6) 7) Total Central Producing
/ CITY
E Field A Field B Contract Area Government Privince 1 2 3 TOTAL

1 2010 January 250 250 500 131 11 22 22 45

2 February 240 240 480 126 11 22 22 43
3 March 291 291 581 153 13 26 26 52
4 1 tQ
1st Quarter
t 781 781 1 561
1,561 410 35 70 70 140
5
6 Arpil 280 280 560 147 13 25 25 50
7 May 270 270 540 142 12 24 24 49
8 June 260 260 520 137 12 23 23 47
9 2nd Quarter 810 810 1,620 425 36 73 73 146
10
11 July 260 260 520 137 12 23 23 47
12 August 250 250 500 131 11 22 22 45
13 September 217 217 434 114 10 20 20 39
14 3rd Quarter 727 727 1,454 382 33 65 65 131
15
16 October 223 223 446 117 10 20 20 40
17 November 208 208 416 109 9 19 19 37
18 December 204 204 408 107 9 18 18 37
19 4th Quarter 635 635 1,270 334 28 57 57 114
20
21 TOTAL 2010 2,953 2,953 - - - - - 5,906 1,551 132 266 266 531
22
23 1st Quarter 781 781 - - - - - 1,561 410 35 70 70 140
24 2nd Quarter 810 810 - - - - - 1,620 425 36 73 73 146
25 3rd Quarter 727 727 - - - - - 1 454
1,454 382 33 65 65 131
26 4th Quarter 635 635 - - - - - 1,270 334 28 57 57 114
27
28 TOTAL 2010 2,953 2,953 - - - - - 5,906 1,551 132 266 266 531
29
30
 H. Summarizing Revenue Distribution
Sch. 5
Exp. Drill.

Sch 4
Sch.
Sch. 6
Sch. 16 Sch. 2 Expl. Dev.
Dev. Drill.
Prod./Lifting Key. Op. Exp.
Forecast Statistic
Sch. 7
Sch 3A
Sch. Misc. Cap
Total Exp. Sch. 13 Sch. 14
Asset PIS Depreciation
Sch. 1 Sch. 9
Financial Sch. 3 Sch. 8 Prod. Fac.
Status Exp. Prod.
S
Summary E
Expenses Sch. 10
Report
Misc. Prod.
Sch. 17 Cap.
Exp. Sum.
By Category

Sch. 11
Sch. 12
Adm.
Adm. Cap.
Expenses
 LIFTING
REVENUE

FTP

Investment Credit

Operating Cost

Equity to be Split

DMO

DMO fee

Tax
Govt Cont
 ( H ) Contd .
OPERATOR : BPMIGAS SCHEDULE 1.0
CONTRACT AREA : PRODUCTION SHARING CONTRACTS
BUDGET YEAR : BUDGETED FINANCIAL STATUS REPORT - SUMMARY
1st QUARTER 2nd QUARTER 3RD QUARTER 4TH QUARTER TOTALS
Line DESCRIPTION 1) $ 2) $ 3) $ 4) $ 5) $ 6) $ 7) $ 8) $ 9) $ 10) $
Amount BOE Amount BOE Amount BOE Amount BOE Amount BOE
1 LIFTINGS
2 Oil/Condensate MBBLS 58 80.00 60 80.00 54 80.00 47 80.00 219 80.00
3 Gas/MMCF 1,561 9.10 1,620 9.10 1,454 9.10 1,270 9.10 5,906 9.10
4 GROSS REVENUE 18,845 59.23 19,542 59.22 17,555 59.23 15,321 59.21 71,263 59.22
5 FIRST TRANCHE PETROLEUM - - - - - - - - - -
6 GROSS REVENUE After FTP 18,845 59.23 19,542 59.22 17,555 59.23 15,321 59.21 71,263 59.22
7 INVESTMENT CREDIT - - - - - - - - - -
8 COST RECOVERY :
9 Unrecovered Other Costs - - - - - - - - 0 0.00
10 Current Year Operating Costs 5,201 16.35 10,627 32.20 11,047 37.27 10,412 40.24 37,286 30.99
11 Depreciation - Prior Year Assets 70 0.22 71 0.22 71 0.24 71 0.27 283 0.24
12 Depreciation - Current Year Assets - - - - - - - - - -
13 TOTAL COST RECOVERY 5,271 16.57 10,698 32.42 11,118 37.51 10,483 40.52 37,569 31.22
14 TOTAL RECOVERABLES 5,271 16.57 10,698 32.42 11,118 37.51 10,483 40.52 37,569 31.22
15 EQUITY TO BE SPLIT 13,574 42.66 8,844 26.80 6,438 21.72 4,838 18.70 33,694 28.00
16 Indonesia Share
17 Government FTP Share 1,862 5.85 1,930 5.85 1,735 5.85 1,513 5.85 7,041 5.85
18 Government Equity Share 4,873 15.32 2,459 7.45 1,468 4.95 897 3.47 9,698 8.06
19 Domestic Requirement 301 0.95 312 0.94 280 0.95 244 0.94 1,137 0.94
20 Government Tax Entitlement 332 1.04 162 0.49 96 0.32 57 0.22 646 0.54
21 TOTAL INDONESIA SHARE 7,369 23.16 4,863 14.74 3,579 12.08 2,712 10.48 18,523 15.39
22 Contractor Share
23 Contractor FTP Share 1,907 5.99 1,978 5.99 1,776 5.99 1,551 5.99 7,212 5.99
24 Contractor Equity Share 4,932 15.50 2,476 7.50 1,458 4.92 877 3.39 9,743 8.10
25 Less : Gross Domestic Req
Requirement
irement (335) (1 05)
(1.05) (346) (1 05)
(1.05) (312) (1 05)
(1.05) (271) (1 05)
(1.05) (1 263)
(1,263) (1 05)
(1.05)
26 Add: Domestic Requirement Adjustment 33 0.11 35 0.10 31 0.11 27 0.10 126 0.10
27 Taxable Share 6,537 20.55 4,143 12.55 2,954 9.97 2,184 8.44 15,818 13.15
28 Government Tax Entitlement (332) (1.04) (162) (0.49) (96) (0.32) (57) (0.22) (646) (0.54)
29 Net Contractor Share 6,206 19.50 3,981 12.06 2,858 9.64 2,126 8.22 15,171 12.61
30 Total Recoverables 5,271 16.57 10,698 32.42 11,118 37.51 10,483 40.52 37,569 31.22
31 TOTAL CONTRACTOR SHARE 11,476 36.07 14,679 44.48 13,976 47.15 12,609 48.73 52,740 43.83

11)) 12)) 13)) 14)) Tax Computation

p 15)) 1st QTR16)) 2nd QTR 17)) 3rd QTR18)) 4th QTR 19)) TOTAL
Line UNRECOVERED OTHER CO 1st.QTR 2nd.QTR 3rd.QTR 4th.QTR Taxable Share (Line 27) - - - - -
Add:Investment Credit 6,537 4,143 2,954 2,184 15,818
32 Balance Beginning of Quarter - - - - Less:Bonus Payment
33 Additions 5,271 10,698 11,118 10,483 Cost Recovered - - - - -
34 Recovered 5,271 10,698 11,118 10,483 Taxable Income 6,537 4,143 2,954 2,184 15,818
35 Balance End of Quarter - - - - Gov'mnt Tax Entitleme 3,138 1,988 1,418 1,048 7,593
CASE STUDY
 Case Study :

Alokasi anggaran untuk persiapan lokasi yang

dil k
dilaksanakan
k melebihi
l bihi ddurasii 12 b
bulan
l d dengan
kegiatan proyek drillingnya.
Alokasi Long Lead Items untuk kegiatan drilling,
drilling yang
pengadaannya dilaksanakan melebihi durasi 12 bulan
dengan kegiatan proyek drillingnya.
Rencana pengadaan yang dilakukan di tahun sebelum
kegiatan proyeknya dilaksanakan.
Alokasi anggaran untuk kegiatan di Blok Produksi,
namun di salah satu lapangannya dikenakan POD
basis, dimana biaya di lapangan tersebut hanya bisa di
recover dengan revenue dari lapangan tersebut.
 Case Study :

Alokasi anggaran untuk kegiatan Pre-Production

(St d FEED,
(Study FEED Pre-FEED,
P FEED FEED,
FEED Amdal,
A d l dls),
dl ) untuk
t k
blok yang belum ada produksi.
Alokasi anggaran untuk pengadaan software (G&G
(G&G,
office, SAP, dls).
Back Up Slide
 Cost Recovery

Cost Recovery dalam scope PSC adalah :

jumlah biaya operasi (operating cost) yang dapat
diganti sesuai dengan besarnya produksi/lifting yang
dapat dicapai dalam suatu periode tertentu (satu
t h pembukuan).
tahun b k ) (Ref.PSC
(R f PSC S
Section
ti V V.1.2).
1 2)

Terdiri dari:
9 Current Year Non Capital Cost
9 Current Years
Year s and Prior Years
Year s Depreciation for Capital Cost
9 Current Year allowed recovery of prior years unrecovered
operating cost
((Exhibit C Article II))
 Cost Recovery Contd.

Non Capital
p Cost :
Biaya-biaya operasi yang terjadi sehubungan
dengan operasi tahun berjalan. (termasuk
survey dan intangible drilling cost))

Capital Cost :
Expenditures untuk item-item yang mempunyai
kegunaan lebih dari satu tahun.
 Cost Recovery Contd.

Non Capital
p Costs :
1. Operations, yaitu biaya yang digunakan untuk keperluan
operasi sehari-hari meliputi kegiatan operasi sumur-
s m r dan fasilitas produksi
sumur prod ksi termasuk
termas k biaya
bia a perbaikan
dan perawatannya.
2. Office,, Services and General Administration,, yyaitu
biaya jasa dan administrasi umum meliputi jasa teknik,
transportasi, sewa tempat dan peralatan kantor, biaya
pegawai biaya humas,
pegawai, humas dsb.
dsb
3. Production Drilling, yaitu biaya buruh, peralatan dan
jasa yang dipakai dalam aktivitas pemboran sumur-2 di
area produksi, termasuk akses jalan menuju lokasi
pemboran
 Cost Recovery Contd.

Non Capital Costs ....Contd:

4. Exploratory Drilling, yaitu biaya buruh, peralatan dan jasa
yang dipakai dalam aktivitas pemboran di area eksplorasi,
termasuk akses jjalan menujuj lokasi p
pemboran.
5. Survey, yaitu biaya buruh, peralatan dan jasa yang dipakai
dalam aktivitas survey geologi, topografi dan geofisis.
6
6. Other Exploration Expenditures
Expenditures, biaya perlengkapan dan
fasilitas sementara yang mempunyai masa manfaat kurang
dari satu tahun yang dipakai dalam kegiatan eksplorasi.
7
7. Training biaya training pegawai Indonesia sesuai Section
Training,
XII PSC. (Employment and Training Indonesian Personnel).
 Cost Recovery Contd.

Capital Costs :
1 C
1. Construction Utilities and Auxiliary, yaitu perlengkapan
utama dan penunjang dalam suatu proyek konstruksi, seperti:
bengkel kerja, generator dan pompa air, gudang, pelabuhan
laut dan jalan di lokasi konstruksi (tidak termasuk access road)
laut,
2. Construction housing and auxiliaries, yaitu fasilitas
perumahan, fasilitas rekreasi dan fasilitas penunjang konstruksi
lainnya.
lainnya
3 . Production Facilities, terdiri dari platform, well head
equipment, sub-surface lifting equipment, production tubing,
surface p pump,
p, flow line,, storage
g facilities,, etc.
4. Movables, yaitu peralatan pemboran dan produksi, surface dan
subsurface, equipment and instruments, barges, floating craft,
aircraft, construction equipment, furniture & office equipment,
and miscellaneous equipment.
 Depreciation

Depreciation (penyusutan) akan di-hitung permulaan tahun

pada
d saatt asett placed
l d into
i t service
i (di
(dimanfaatkan).
f tk )

Metode Depresiasi:
Metode yang dipakai ialah declining balance depreciation
method ((metode depresiasi
p saldo menurun).)

Capital Asset di dalam ketentuan PSC pada dasarnya

dibagi dua kelompok dengan depreciation factor sbb:
Group 1 = 50%
Group 2 = 25%
 Depreciation Contd..

Group 1:
Masa Manfaat
Automobile 1,5 tahun
Trucks light
g (less
( than 13.000
pounds) & tractor units. 2 tahun
Trucks heavy (more than 13.000
pounds ) 3 tahun
Buses 4.5 tahun
Aircraft 3 tahun
Construction
C t ti equipment
i t 3 tahun
t h
Furniture and office equipment 5 tahun
 Depreciation Contd..

Group 2:
Masa Manfaat
Construction utilities and auxiliaries 5 tahun
Construction housing and wellfare 10 tahun
P d ti
Production facilities
f iliti 5 tahun
t h
Railroad cars and locomotives 7.5 tahun
Vessel, barges, tugs and similar
Water transportation equipment 9 tahun
Drilling and production tools,
Equipment and instruments 5 tahun
 MAIN PROJECT :

Adalah proyek proyek dari kegiatan exploration surveys, drilling dan workover, capital
assets, projects yang berkaitan dengan kegiatan eksplorasi dan eksploitasi, platform
certification.
9 Mencakup hasil akhir yang mempunyai satu tujuan yang jelas yang dispesifikasikan
dalam hal biaya, jadwal dan syarat-syarat agar produk tersebut unggul.
9 Menggunakan
gg keterampilan
p dan bakat dari berbagai
g macam p
profesi dan organisasi.
g
9 Sesuatu yang unik : melakukan hal yang berbeda dari sebelumnya (tidak pernah
dilakukan sebelumnya), dan tidak persis pernah terulang.
9 Sesuatu yyang
g agak
g tidak biasa, hal ini mencakup
p teknologi
g baru dan memiliki aspek-
p
aspek/hal-hal yang tidak pasti dan beresiko.
9 Aktivitas sementara : diselesaikan dalam waktu yang diberikan/tersedia; setelah
tujuannya tercapai maka proses berkahir.
9 Proyek melalui beberapa tahapan yang jelas; kegiatan-kegiatan. Orang, organisasi, dan
sumber daya berubah seiring proyek tersebut bergerak dari satu tahap ke tahap
berikutnya.

(Nicholas J. 1990, Managing Business & Engineering Projects Prentice Hall New Jersey)