Audit of the Oil and Gas

For the last two weeks, I was assigned to Oil and Gas company. It was completely a new experience for me. Actually the testing is quiet few but… the specific terms and audit procedures made me work so slowwwwww,, like a turtle walking.. By the way, I find it interesting so I want to share it

In Oil and Gas industry, there are operator and partners. Operator is the one which will be do all the activities to extract oil from the earth. While partners are entities which giving cash to operator to pay for the operation activities. Operator need partners because to produce oil, they will need a lottttt off moneyyyyyy. Its become expensive because not all the search is successful. And if it was not successful, they can’t claim the expense to the government. In Indonesia, all the earth mineral resources are belong to government, so the term to cooperation was Production Sharing Contract (PSC). Every month, the operator need to give report to BP Migas (the government authority of Oil  and Gas), to report their expense, which can be capitalized and not, called Production, Lifting and Entitlement report. This report is the valid source to test all balance which related to oil extraction. And the rest of balance which related to supporting activities was tested using common audit procedure.

Another unique treatment in Oil & Gas is the VAT. All VAT is VAT input! why? No VAT out because, they give the oil to the government. They collect the VAT in from every purchasing activities the made for lifting the oil. Accumulate it until they can reimbursed it to the government. For the partners, they got Cash Held by Operators account. It represent the cash they’ve already give to the operators.

To explain is simple but to do is harrrddddd.. First because it’s new for me. Second, because the people is so harrrddddd to be talking with. They demand us to know their industry. yehh,, who doesn’t *mehhh*

 

Project 10.01 : Tight Money Policy!

I am truly in financial difficulties,, my October salary get hold!! Just because I haven’t completed filling the time report at the due date. Simple thing but great impact! haizz.. Now I have to think hard how to survive until Nop 25th??! All I get left in my bank account is Rp 2,200,000. Rp 1,000,000 for fixed deposit which will debited from my account automatically every beginning of months. Rp 500,000 for insurance. Only Rp 700,000 are left for spending for the next 7 weeks! and plus Rp 117,000 on my pocket now,, GREAT?! Because of this situation I cancelled my trip to Belitong for the next 19 Nop! hikss..

So this time here’s the challenge,, How to survive 45 days with Rp 817,000?! hummm,, if I was in college, surely it’s not that hard. I had ever lived one week only with Rp 50,000! Walking to the campus, eat once a day no greater than Rp 8,000,, but what in my life recently, I need transportation to the office, lunch and some snacks, and also a bit entertainment expense for instance going to mall, watching movie or karaoke?? Geeezzzz,, I’ve just realized that my life is inefficient! So many unexpected money is needed for unplanned spending. :’( Maybe this is God’s way to remind me *wink*

So this is what I’ll do :

1. Bring food from home. No more Jajan2 ga penting! And it’s healthier too!! No budget for buying food-lah pokoknya…

2. The most significance spending is transportation. Per one way to the office, I need at least Rp 11,000 so per day I need at least Rp 22,000. Multiplied effective working days, 33, we’ve got Rp 726,000, only for transportation! *Mepet benerr* Okeyy,, I can reduce it by hitchhiking my brother to the office whenever he drive his car to the office. Hopefully, He will continuously drive his car *wink2*

3. No more entertainment expenses! I’ll do celibacy life until Nop 25 :p

Hummm,, I have to give reward to myself if I can make it through! Adidas running shoes seems delicious.. ;D

I’ll keep updated about this project *crings*

While I’m unassigned

As an auditor, you will have a period that you are at the office, sit in front of the laptop and doing nothing related to jobs. That’s what we called low season. Season that we’re not assigned to anykind clients but still got our payment of course. It’s a heaven! but terms and condition applied.. First, Office is full of your ‘teman senasib sepenanggungan’ who is unassigned too. Because if there’s anyone working, it will make you feel really really useless aka ‘nyampah’. Second, big bosses are taking annual leave! Coming late, lunch early, and even not showed up at the office is just.. mmmmm.. nobody cares! hahaaa.. Sometimes I think It’s like granted for every late working hours which kill our social time and humanity..

Butttt… This low season is making me bored these days. Office is so quiet, too few ‘teman senasib sepenanggungan’, they’re all gone, taking their annual leave.. even if most of the bosses are not at their seats.. still not be exciting at the office.. Staring at news website and twitter are hellyeahhh boring.. hufaaaaaa,, I need to work to feel that I’m usefull.. am I that ambitious? On Monday, I’ll be assigned again but all the rest of the pack will come back, I will miss the chance to ‘nyampah’ with them.. haizzzz.. So labil..

*posted from office at low season and on effective working hours*

Helllowww Ujung Kulon!!

May was the beginning of auditors’ low season,, I kicked the holiday by spending over 3 nights (May 28-31) in Ujung Kulon! A place that never crossed my mind until 2 weeks before the departure. This placed was enormously beautifulllllllll!! which I couldn’t describe by words, so just look at these pictures

Meeting point @ Tony Jack Sarinah. They are my high school friends, so glad we could be reunited on an event

First stop was fascinating! an island consist of sands, bright sun and blue water, made me WOW!

Morning @Handeulum island.. gorgeous colours…

Tanjung layar. It took a lot of sweat and countless slips to get here but it’s so much worthy to see these view

Peucang island has a very pretty beach and coral nearby. LOVE it!

The Hellow mates!! this trip won’t be the same without u all folks! We should have a trip together again someday! cheers!!

I absolutely will remember all the beauty, the singing on the boat, the laughter at the rain, the starve at the jungle,,, aihhhhh,, what a memorable journey! Thanks a lot to Hellowmates and Om Paul for the pictures

Kiddos’

It’s true that become older means that we should be carrying more responsibilities.  But it doesn’t meant we can’t play like a kid and just having a GOODDD time. There’s always a kid spirit in US! Don’t deny it, just know when is the right time to be KID ;p

~Bandung, April 24-25 2010~