Description
SUITABLE:
Finance staff new to the industry wanting a broader understanding of the oil and gas finance function, staff who are responsible in financial management, audit, information systems, financial controls and treasury, and tax specialists.
OBJECTIVES:
By the end of the course, delegates will:
- Have a comprehensive overview of international accounting and finance practices in the E&P industry
- Gain knowledge of industry accounting policies and practices, operating costs, the accounting and financial management implications of exploring and producing oil and gas
- Learn the background and accounting treatment of financial issues that are unique to the E&P industry
SUMMARY:
- How accounting policies influence financial performance reporting
- Successful efforts and full cost accounting
- Decommissioning costs
- Joint venture accounting
- Cost control and analysis
- Drilling cost control and forecasting
- Managing project and development costs
