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.