Venue: London (UK) // Dubai
Prices:
$ 4,900 for 1
Week
$ 8,000 for 2
weeks
Duration: 2 Weeks or 1 Week
* These courses are held at various locations on these dates
This course is designed for all individuals working in the Oil & Gas industry using financial information or individuals who have good Financial Accounting Skills
and are interested in learning Oil and Gas Accounting.
It is also relevant to those seeking to progress career wise by gaining a full understanding and implication of financial measures and performance in the Oil & Gas
industry
Participants can include any of the following and more:
- Accountants
- Financial Controllers & Managers
- Auditors
- Financial Analysts
- Government Regulators
- Management Accountants
Course Objectives
By the conclusion of the specified learning and development activities, delegates will be able to:
- Gain a full understanding of the different levels of Financial Reporting Regulation and Standardization, as they apply to Oil and Gas Accounting;
- Gain a full understanding of salient accounting concepts and governance
- Gain a full understanding of the differing levels of regulation and standardization applied to Oil and Gas accounting;
- Critically assess & evaluate the role of finance and accounting in an Oil and Gas Organisation;
- Gain a full understanding of the requirements of International Financial Reporting Standards;
- Critical analysis of one’s organisation’s performance, as an oil and gas player or regulator;
- Develop ability to determine the extent to which financial measurement techniques such as full cost, successful efforts and reserve recognition can be used to
evaluate oil and gas producing operations;
- Develop the ability to use Advanced Financial Measurement Techniques such as full cost, successful efforts and reserve recognition used to evaluate oil and gas
producing operations;
- Develop the ability to manage risk effectively in oil and gas project contracts, avoiding pitfalls of key contractual clauses;
- Express the best contract formulation for Take-or-pay thresholds, accounting, transportation agreements, tariffs, reserving pipeline capacity,
respectively;
- Identify & explain the roles and interplay of the Governments of territories containing hydrocarbon reserves, National Oil Companies, International Oil Companies,
the Major Product Suppliers, the Engineering & Contracting Companies and the Service Companies,
- Recommend with justify the principal standard form contracts used in the industry including the North Sea LOGIC/CRINE standard form contracts and the Association of
Independent Petroleum Negotiators (AIPN) standard form contracts;
- Gain a full understanding and implication of the international dispute resolution framework and institutions in the context of expert decisions, mediation arbitration
and litigation.