Finance and Accounting for the Oil and Gas Industry Course

Develop essential finance and accounting skills tailored for the oil and gas industry with our training course. BMC Training offers Finance and Accounting for the Oil and Gas Industry Course in Finance , Accounting and Budgeting Courses.

  • English
  • 162 Training Sessions
  • Confirmed
  • One Week
Finance and Accounting for the Oil and Gas Industry Training Course

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Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Kuala Lumpur , Malaysia 16 - Jun - 2024 20 - Jun - 2024 4750 GBP
Rome , Italy 16 - Jun - 2024 20 - Jun - 2024 7300 GBP
Barcelona , Spain 16 - Jun - 2024 20 - Jun - 2024 6950 GBP
Zurich , Switzerland 16 - Jun - 2024 20 - Jun - 2024 7950 GBP
Paris , France 23 - Jun - 2024 27 - Jun - 2024 6700 GBP
Dubai , UAE 23 - Jun - 2024 27 - Jun - 2024 4987.5 GBP
Hong Kong , Hong Kong 23 - Jun - 2024 27 - Jun - 2024 8500 GBP
Paris , France 16 - Jun - 2024 20 - Jun - 2024 6700 GBP
Dubai , UAE 16 - Jun - 2024 20 - Jun - 2024 4987.5 GBP
Hong Kong , Hong Kong 16 - Jun - 2024 20 - Jun - 2024 8500 GBP
Tokyo , Japan 23 - Jun - 2024 27 - Jun - 2024 9750 GBP
Tokyo , Japan 16 - Jun - 2024 20 - Jun - 2024 9750 GBP
Madrid , Spain 7 - Jul - 2024 11 - Jul - 2024 6950 GBP
Munich , Germany 7 - Jul - 2024 11 - Jul - 2024 7900 GBP
Berlin , Germany 7 - Jul - 2024 11 - Jul - 2024 7900 GBP
New York , United States 7 - Jul - 2024 11 - Jul - 2024 10900 GBP
London , UK 7 - Jul - 2024 11 - Jul - 2024 4950 GBP
Amsterdam , Netherlands 7 - Jul - 2024 11 - Jul - 2024 8100 GBP
Paris , France 14 - Jul - 2024 18 - Jul - 2024 6700 GBP
Dubai , UAE 14 - Jul - 2024 18 - Jul - 2024 4987.5 GBP
Hong Kong , Hong Kong 14 - Jul - 2024 18 - Jul - 2024 8500 GBP
Paris , France 21 - Jul - 2024 25 - Jul - 2024 6700 GBP
Dubai , UAE 21 - Jul - 2024 25 - Jul - 2024 4987.5 GBP
Hong Kong , Hong Kong 21 - Jul - 2024 25 - Jul - 2024 8500 GBP
Bali , Indonesia 28 - Jul - 2024 1 - Aug - 2024 8100 GBP
Istanbul , Turkey 28 - Jul - 2024 1 - Aug - 2024 4700 GBP
Singapore , Singapore 28 - Jul - 2024 1 - Aug - 2024 7500 GBP
Washington , United States 28 - Jul - 2024 1 - Aug - 2024 11000 GBP
Paris , France 28 - Jul - 2024 1 - Aug - 2024 6700 GBP
Dubai , UAE 28 - Jul - 2024 1 - Aug - 2024 4987.5 GBP
Hong Kong , Hong Kong 28 - Jul - 2024 1 - Aug - 2024 8500 GBP
Paris , France 7 - Jul - 2024 11 - Jul - 2024 6700 GBP
Dubai , UAE 7 - Jul - 2024 11 - Jul - 2024 4987.5 GBP
Hong Kong , Hong Kong 7 - Jul - 2024 11 - Jul - 2024 8500 GBP
Milan , Italy 7 - Jul - 2024 11 - Jul - 2024 6950 GBP
Tokyo , Japan 14 - Jul - 2024 18 - Jul - 2024 9750 GBP
Tokyo , Japan 21 - Jul - 2024 25 - Jul - 2024 9750 GBP
Tokyo , Japan 28 - Jul - 2024 1 - Aug - 2024 9750 GBP
Tokyo , Japan 7 - Jul - 2024 11 - Jul - 2024 9750 GBP
Bali , Indonesia 4 - Aug - 2024 8 - Aug - 2024 8100 GBP
Istanbul , Turkey 4 - Aug - 2024 8 - Aug - 2024 4700 GBP
Singapore , Singapore 4 - Aug - 2024 8 - Aug - 2024 7500 GBP
Washington , United States 4 - Aug - 2024 8 - Aug - 2024 11000 GBP
Kuala Lumpur , Malaysia 11 - Aug - 2024 15 - Aug - 2024 4750 GBP
Rome , Italy 11 - Aug - 2024 15 - Aug - 2024 7300 GBP
Barcelona , Spain 11 - Aug - 2024 15 - Aug - 2024 6950 GBP
Zurich , Switzerland 11 - Aug - 2024 15 - Aug - 2024 7950 GBP
Paris , France 18 - Aug - 2024 22 - Aug - 2024 6700 GBP
Dubai , UAE 18 - Aug - 2024 22 - Aug - 2024 4987.5 GBP
Hong Kong , Hong Kong 18 - Aug - 2024 22 - Aug - 2024 8500 GBP
Madrid , Spain 25 - Aug - 2024 29 - Aug - 2024 6950 GBP
London , UK 25 - Aug - 2024 29 - Aug - 2024 4950 GBP
Munich , Germany 25 - Aug - 2024 29 - Aug - 2024 7900 GBP
Berlin , Germany 25 - Aug - 2024 29 - Aug - 2024 7900 GBP
New York , United States 25 - Aug - 2024 29 - Aug - 2024 10900 GBP
Amsterdam , Netherlands 25 - Aug - 2024 29 - Aug - 2024 8100 GBP
Paris , France 11 - Aug - 2024 15 - Aug - 2024 6700 GBP
Dubai , UAE 11 - Aug - 2024 15 - Aug - 2024 4987.5 GBP
Hong Kong , Hong Kong 11 - Aug - 2024 15 - Aug - 2024 8500 GBP
Tokyo , Japan 18 - Aug - 2024 22 - Aug - 2024 9750 GBP
Milan , Italy 25 - Aug - 2024 29 - Aug - 2024 6950 GBP
Tokyo , Japan 11 - Aug - 2024 15 - Aug - 2024 9750 GBP
Madrid , Spain 22 - Sep - 2024 26 - Sep - 2024 6950 GBP
London , UK 22 - Sep - 2024 26 - Sep - 2024 4950 GBP
Munich , Germany 22 - Sep - 2024 26 - Sep - 2024 7900 GBP
Berlin , Germany 22 - Sep - 2024 26 - Sep - 2024 7900 GBP
New York , United States 22 - Sep - 2024 26 - Sep - 2024 10900 GBP
Amsterdam , Netherlands 22 - Sep - 2024 26 - Sep - 2024 8100 GBP
Paris , France 1 - Sep - 2024 5 - Sep - 2024 6700 GBP
Dubai , UAE 1 - Sep - 2024 5 - Sep - 2024 4987.5 GBP
Hong Kong , Hong Kong 1 - Sep - 2024 5 - Sep - 2024 8500 GBP
Kuala Lumpur , Malaysia 8 - Sep - 2024 12 - Sep - 2024 4750 GBP
Rome , Italy 8 - Sep - 2024 12 - Sep - 2024 7300 GBP
Barcelona , Spain 8 - Sep - 2024 12 - Sep - 2024 6950 GBP
Zurich , Switzerland 8 - Sep - 2024 12 - Sep - 2024 7950 GBP
Bali , Indonesia 15 - Sep - 2024 19 - Sep - 2024 8100 GBP
Istanbul , Turkey 15 - Sep - 2024 19 - Sep - 2024 4700 GBP
Singapore , Singapore 15 - Sep - 2024 19 - Sep - 2024 7500 GBP
Washington , United States 15 - Sep - 2024 19 - Sep - 2024 11000 GBP
Paris , France 15 - Sep - 2024 19 - Sep - 2024 6700 GBP
Dubai , UAE 15 - Sep - 2024 19 - Sep - 2024 4987.5 GBP
Hong Kong , Hong Kong 15 - Sep - 2024 19 - Sep - 2024 8500 GBP
Paris , France 22 - Sep - 2024 26 - Sep - 2024 6700 GBP
Dubai , UAE 22 - Sep - 2024 26 - Sep - 2024 4987.5 GBP
Hong Kong , Hong Kong 22 - Sep - 2024 26 - Sep - 2024 8500 GBP
Milan , Italy 22 - Sep - 2024 26 - Sep - 2024 6950 GBP
Tokyo , Japan 1 - Sep - 2024 5 - Sep - 2024 9750 GBP
Tokyo , Japan 15 - Sep - 2024 19 - Sep - 2024 9750 GBP
Tokyo , Japan 22 - Sep - 2024 26 - Sep - 2024 9750 GBP
Bali , Indonesia 20 - Oct - 2024 24 - Oct - 2024 8100 GBP
Istanbul , Turkey 20 - Oct - 2024 24 - Oct - 2024 4700 GBP
Singapore , Singapore 20 - Oct - 2024 24 - Oct - 2024 7500 GBP
Washington , United States 20 - Oct - 2024 24 - Oct - 2024 11000 GBP
Kuala Lumpur , Malaysia 27 - Oct - 2024 31 - Oct - 2024 4750 GBP
Rome , Italy 27 - Oct - 2024 31 - Oct - 2024 7300 GBP
Barcelona , Spain 27 - Oct - 2024 31 - Oct - 2024 6950 GBP
Zurich , Switzerland 27 - Oct - 2024 31 - Oct - 2024 7950 GBP
Paris , France 6 - Oct - 2024 10 - Oct - 2024 6700 GBP
Dubai , UAE 6 - Oct - 2024 10 - Oct - 2024 4987.5 GBP
Hong Kong , Hong Kong 6 - Oct - 2024 10 - Oct - 2024 8500 GBP
Madrid , Spain 13 - Oct - 2024 17 - Oct - 2024 6950 GBP
London , UK 13 - Oct - 2024 17 - Oct - 2024 4950 GBP
Munich , Germany 13 - Oct - 2024 17 - Oct - 2024 7900 GBP
Berlin , Germany 13 - Oct - 2024 17 - Oct - 2024 7900 GBP
New York , United States 13 - Oct - 2024 17 - Oct - 2024 10900 GBP
Amsterdam , Netherlands 13 - Oct - 2024 17 - Oct - 2024 8100 GBP
Paris , France 27 - Oct - 2024 31 - Oct - 2024 6700 GBP
Dubai , UAE 27 - Oct - 2024 31 - Oct - 2024 4987.5 GBP
Hong Kong , Hong Kong 27 - Oct - 2024 31 - Oct - 2024 8500 GBP
Tokyo , Japan 6 - Oct - 2024 10 - Oct - 2024 9750 GBP
Milan , Italy 13 - Oct - 2024 17 - Oct - 2024 6950 GBP
Tokyo , Japan 27 - Oct - 2024 31 - Oct - 2024 9750 GBP
Madrid , Spain 17 - Nov - 2024 21 - Nov - 2024 6950 GBP
London , UK 17 - Nov - 2024 21 - Nov - 2024 4950 GBP
Munich , Germany 17 - Nov - 2024 21 - Nov - 2024 7900 GBP
Berlin , Germany 17 - Nov - 2024 21 - Nov - 2024 7900 GBP
New York , United States 17 - Nov - 2024 21 - Nov - 2024 10900 GBP
Amsterdam , Netherlands 17 - Nov - 2024 21 - Nov - 2024 8100 GBP
Paris , France 24 - Nov - 2024 28 - Nov - 2024 6700 GBP
Dubai , UAE 24 - Nov - 2024 28 - Nov - 2024 4987.5 GBP
Hong Kong , Hong Kong 24 - Nov - 2024 28 - Nov - 2024 8500 GBP
Kuala Lumpur , Malaysia 3 - Nov - 2024 7 - Nov - 2024 4750 GBP
Rome , Italy 3 - Nov - 2024 7 - Nov - 2024 7300 GBP
Barcelona , Spain 3 - Nov - 2024 7 - Nov - 2024 6950 GBP
Zurich , Switzerland 3 - Nov - 2024 7 - Nov - 2024 7950 GBP
Bali , Indonesia 10 - Nov - 2024 14 - Nov - 2024 8100 GBP
Istanbul , Turkey 10 - Nov - 2024 14 - Nov - 2024 4700 GBP
Singapore , Singapore 10 - Nov - 2024 14 - Nov - 2024 7500 GBP
Washington , United States 10 - Nov - 2024 14 - Nov - 2024 11000 GBP
Paris , France 10 - Nov - 2024 14 - Nov - 2024 6700 GBP
Dubai , UAE 10 - Nov - 2024 14 - Nov - 2024 4987.5 GBP
Hong Kong , Hong Kong 10 - Nov - 2024 14 - Nov - 2024 8500 GBP
Paris , France 17 - Nov - 2024 21 - Nov - 2024 6700 GBP
Dubai , UAE 17 - Nov - 2024 21 - Nov - 2024 4987.5 GBP
Hong Kong , Hong Kong 17 - Nov - 2024 21 - Nov - 2024 8500 GBP
Milan , Italy 17 - Nov - 2024 21 - Nov - 2024 6950 GBP
Tokyo , Japan 24 - Nov - 2024 28 - Nov - 2024 9750 GBP
Tokyo , Japan 10 - Nov - 2024 14 - Nov - 2024 9750 GBP
Tokyo , Japan 17 - Nov - 2024 21 - Nov - 2024 9750 GBP
Bali , Indonesia 15 - Dec - 2024 19 - Dec - 2024 8100 GBP
Istanbul , Turkey 15 - Dec - 2024 19 - Dec - 2024 4700 GBP
Singapore , Singapore 15 - Dec - 2024 19 - Dec - 2024 7500 GBP
Washington , United States 15 - Dec - 2024 19 - Dec - 2024 11000 GBP
Kuala Lumpur , Malaysia 22 - Dec - 2024 26 - Dec - 2024 4750 GBP
Rome , Italy 22 - Dec - 2024 26 - Dec - 2024 7300 GBP
Barcelona , Spain 22 - Dec - 2024 26 - Dec - 2024 6950 GBP
Zurich , Switzerland 22 - Dec - 2024 26 - Dec - 2024 7950 GBP
Paris , France 8 - Dec - 2024 12 - Dec - 2024 6700 GBP
Dubai , UAE 8 - Dec - 2024 12 - Dec - 2024 4987.5 GBP
Hong Kong , Hong Kong 8 - Dec - 2024 12 - Dec - 2024 8500 GBP
Madrid , Spain 1 - Dec - 2024 5 - Dec - 2024 6950 GBP
London , UK 1 - Dec - 2024 5 - Dec - 2024 4950 GBP
Munich , Germany 1 - Dec - 2024 5 - Dec - 2024 7900 GBP
Berlin , Germany 1 - Dec - 2024 5 - Dec - 2024 7900 GBP
New York , United States 1 - Dec - 2024 5 - Dec - 2024 10900 GBP
Amsterdam , Netherlands 1 - Dec - 2024 5 - Dec - 2024 8100 GBP
Paris , France 22 - Dec - 2024 26 - Dec - 2024 6700 GBP
Dubai , UAE 22 - Dec - 2024 26 - Dec - 2024 4987.5 GBP
Hong Kong , Hong Kong 22 - Dec - 2024 26 - Dec - 2024 8500 GBP
Tokyo , Japan 8 - Dec - 2024 12 - Dec - 2024 9750 GBP
Milan , Italy 1 - Dec - 2024 5 - Dec - 2024 6950 GBP
Tokyo , Japan 22 - Dec - 2024 26 - Dec - 2024 9750 GBP

Course Syllabus

Intorduction

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.  You will learn how 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

Objectives

  • appreciate the financial impact of your day-to-day decisions and actions
  • 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 company annual reports

Day One

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

Day Two

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

Day Three

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

Day Four

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

Day Five

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
    • Analaysis of variances

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