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1- Online Training...with international accreditation. The value of participation per person is €1,450
2-Requirement : specifying the course, number of participants
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Finance & Accounting for the Oil & Gas Industry
Introduction :
This programme will provide you with a solid foundation in the financial aspects of oil and gas exploration and production (E&P). It will have immediate and practical application back at your workplace since all activities have financial implications for the assets, departments and ultimately the company for which you conduct your specialist activities. This five-day programme has been designed specifically for non-finance specialists in the oil and gas industries who need to understand the financial implications of the work they do.
Course Objectives :
At the end of this course, the participants will be able to :
Understand how your activities and decisions are reflected in your company’s reporting to shareholders and other stakeholders
Find out what happens to financial and economic data that is provided by you and your departmental colleagues
Raise your level of confidence in working with financial information and interactions with commercial colleagues
Prepare yourself for increased responsibility and a more strategic role in the management of your company
Targeted Audience :
work more confidently and effectively with colleagues on financial matters
improve the quality of information you receive from and provide to Finance
increase the success rate of requests for authorisation of expenditure and make more effective use of funds allocated
use departmental budgets and monthly management reports to help you exercise financial control of your area of operations
understand the financial information disclosed in your company’s annual report and accounts
Learning throughout the programme will be reinforced by case studies, worked examples, and illustrative extracts from oil and gas appreciate the financial impact of your day-to-day decisions and actions
company annual reports
Course Outlines :
The E&P Business and Project Economics
The Business Environment
Business objectives
Stakeholders
Corporate governance
The E&P Business
Risk and reward
Commercial arrangements
The field life cycle
Project Economics
Project cash flows
The time value of money
Discounting and the cost of capital
Project economic models
Decision criteria
Accounting, Exploration and Development Costs
The Accounting System
Capturing and recording data
Cash and accruals
The balance sheet
The income statement and profit measurement
Accounting principles and standards
Capital and Operating Expenditure
Matching costs and benefits
Assets and expenses
Exploration and Appraisal Costs
Full cost and successful efforts
Intangible assets
Development costs
Commitments
Tangible assets
Reserves, Production and Cost of Sales
Reserves of Oil & Gas
Classification of reserves
Reserve quantity disclosures
Production Costs
Lifting costs
Maintenance costs
Royalties
Depreciation, Depletion and Amortisation (DD&A)
Unit of Production (UOP) method
Changes in costs and reserves
Ceiling or Impairment Tests
Test requirement and process
Accounting for test results
Decommissioning, Removal and Restoration
Obligations to remove and restore
Reporting of decommissioning liabilities and costs
Risk and Cost Sharing Arrangements
Joint Ventures
Cash calls
Billing statements
Entitlements and liftings
Transfers of interests or risks
Farm outs
Carried interests
Production sharing contracts
Cash flow implications
Reserve implications
Long-term gas contracts
Pricing mechanisms
Take or pay
Financial Analysis, Budgets and Management Reports
Analysis of Financial statements
Profitability, liquidity and solvency
Investment measures
Budgets
Authorisation of expenditure
The budget process
Management reports
Responsibility reporting
Analysis of variances
European Business Center Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the European Business Center for Training and Development … which has the ISO certificate in quality No. 9001/2015 from the English international company UKAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
European Business Center for Training and Development has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.






