Accounting and Finance in Oil and Gas Industry

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • Mar-18-2024

    Kuala Lumpur

  • Apr-15-2024

    Kuala Lumpur

  • May-20-2024

    Kuala Lumpur

  • June-17-2024

    Kuala Lumpur

  • July-15-2024

    Kuala Lumpur

  • Aug-19-2024

    Kuala Lumpur

  • Sep-16-2024

    Kuala Lumpur

  • Oct-21-2024

    Kuala Lumpur

  • Nov-18-2024

    Kuala Lumpur

  • Dec-16-2024

    Kuala Lumpur

Dates in Other Venues

  • Mar-11-2024

    Amsterdam

  • Mar-11-2024

    London

  • Mar-18-2024

    Istanbul

  • Mar-25-2024

    Paris

  • Mar-25-2024

    Singapore

  • Apr-01-2024

    Dubai

  • Apr-01-2024

    Barcelona

  • Apr-08-2024

    London

  • Apr-08-2024

    Amsterdam

  • Apr-15-2024

    Istanbul

  • Apr-22-2024

    Paris

  • Apr-29-2024

    Singapore

  • May-06-2024

    Dubai

  • May-06-2024

    Barcelona

  • May-13-2024

    Amsterdam

  • May-13-2024

    London

  • May-20-2024

    Istanbul

  • May-27-2024

    Singapore

  • May-27-2024

    Paris

  • June-03-2024

    Dubai

  • June-03-2024

    Barcelona

  • June-10-2024

    London

  • June-10-2024

    Amsterdam

  • June-17-2024

    Istanbul

  • June-24-2024

    Singapore

  • June-24-2024

    Paris

  • July-01-2024

    Barcelona

  • July-01-2024

    Dubai

  • July-08-2024

    Amsterdam

  • July-08-2024

    London

  • July-15-2024

    Istanbul

  • July-22-2024

    Paris

  • July-29-2024

    Singapore

  • Aug-05-2024

    Barcelona

  • Aug-05-2024

    Dubai

  • Aug-12-2024

    Amsterdam

  • Aug-12-2024

    London

  • Aug-19-2024

    Istanbul

  • Aug-26-2024

    Paris

  • Aug-26-2024

    Singapore

  • Sep-02-2024

    Barcelona

  • Sep-02-2024

    Dubai

  • Sep-09-2024

    London

  • Sep-09-2024

    Amsterdam

  • Sep-16-2024

    Istanbul

  • Sep-23-2024

    Paris

  • Sep-30-2024

    Singapore

  • Oct-07-2024

    Barcelona

  • Oct-07-2024

    Dubai

  • Oct-14-2024

    London

  • Oct-14-2024

    Amsterdam

  • Oct-21-2024

    Istanbul

  • Oct-28-2024

    Singapore

  • Oct-28-2024

    Paris

  • Nov-04-2024

    Dubai

  • Nov-04-2024

    Barcelona

  • Nov-11-2024

    London

  • Nov-11-2024

    Amsterdam

  • Nov-18-2024

    Istanbul

  • Nov-25-2024

    Paris

  • Nov-25-2024

    Singapore

  • Dec-02-2024

    Dubai

  • Dec-02-2024

    Barcelona

  • Dec-09-2024

    Amsterdam

  • Dec-09-2024

    London

  • Dec-16-2024

    Istanbul

  • Dec-23-2024

    Paris

  • Dec-30-2024

    Singapore

Course Details

Course Outline

5 days course

Exploration and production and project economics

 

  • Work environment.
  • Objectives.
  • Stakeholders.
  • Corporate governance.
  • Exploration and Production.
  • The risk and the return.
  • Commercial arrangements.
  • Domain lifecycle.
  • Project economics
  • Project cash flows.
  • The time value of money.
  • Discount and cost of capital.
  • Project economic models.
  • Decision criteria.

Accounting, development and exploration costs

  • Accounting system.
  • Data capture and recording.
  • Cash and receivables.
  • The balance sheet.
  • Income statement and measure profit.
  • Accounting principles and standards.
  • Capital and operational expenditures.
  • Match costs with returns.
  • Assets and Expenses.
  • Exploration and evaluation costs.
  • Total cost and successful efforts.
  • Intangible assets.
  • Development costs
  • Obligations.
  • Tangible assets.

Reserves, production, and costs of sales

 

  • Oil and gas reserves.
  • Classification of reserves.
  • Reserve quantity disclosures.
  • Production costs.
  • Crane costs
  • Maintenance costs.
  • Royalties.
  • Depreciation, depreciation, and amortization.
  • Unit production method.
  • Change in costs and reserves.
  • Maximum and impairment tests.
  • Requirements of the testing process.
  • Accounting and testing results.
  • Removal and recovery obligations.
  • Reporting the costs and obligations of shutting down operations or withdrawing licenses.

Risk and cost-sharing agreements

  • Joint projects.
  • Cash orders.
  • Invoice lists.
  • Accruals and levers.
  • Transfers of interest or risk.
  • Subcontracting for a service.
  • Interests raised (performance fee).
  • Production sharing contracts.
  • Cash flow effect.
  • Reserve effect.
  • Long term gas contracts.
  • Pricing mechanisms.
  • Agreement to purchase the product or pay the fine.

Financial analysis, budget preparation, and administrative reports

 

  • Financial statement analysis
  • Profitability, liquidity, and financial convenience.
  • Investment metrics.
  • Budgets.
  • Authorization to carry out expenses.
  • Budget preparation process.
  • Administrative reports.
  • Liability reports.
  • Variance analysis.

Course Video