This introductory-level course provides a comprehensive overview of international accounting and finance practices in the E&P industry. It is particularly suitable for finance personnel who are new to the oil and gas industry, or want to gain a broader understanding of oil and gas financial policy, joint venture and cost-control topic areas.
Course Structure: 6 modules of max. 2 hours each, delivered over 3 days The first session will run for 2½ hours to allow for introductions, subsequent sessions will be 2 hours long. Each day will consist of 2 sessions (1 morning/1 afternoon) with a break of 10 minutes during each of the sessions, time will be allowed for questions and discussions.
Course Level: Foundation Duration: 3 days Instructor: Matilde Giulianelli or Robert Hockley
Designed for you, if you are...
Finance staff new to the industry requiring a grounding in the various specialist discipline areas which typically comprise an oil and gas company finance function
Finance personnel being developed for broader accounting and financial management responsibilities
Audit and information systems staff with frequent dealings with financial controls and systems
A treasury or tax specialist who requires a better understanding of E&P finance and accounting
How we build your confidence
The course content has been designed to be delivered via a ‘Live’ Remote Instructor-Led platform. It is a highly participative course using a combination of instruction, group discussions and practical examples and exercises to ensure attendees absorb both the theory and the practical application of the topics.
The benefits from attending
By the end of the course you will feel confident in your understanding of:
An overview of accounting policies and practices in the oil and gas industry
An introduction to managing project development and operating costs
The accounting and financial management implications of exploring for and producing oil and gas
The background to financial issues like joint ventures that are unique to the E&P industry, and their accounting treatment
Accounting Policies - Accounting for Exploration & Appraisal Costs, Reserves
Features of E&P industry and the related accounting implications
A review and comparison of Full Cost and Successful Efforts accounting policies
Reserves classifications and their impact on accounting