Oil and Gas Accounting and Performance Measurement Course

Understand oil and gas accounting and performance measurement. Join this course to learn techniques for accurately assessing financial and operational performance. BMC Training offers Oil and Gas Accounting and Performance Measurement Course in Oil and Gas Training Courses.

  • English
  • 158 Training Sessions
  • Confirmed
  • One Week
Oil and Gas Accounting and Performance Measurement Training Course

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Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Paris , France 23 - Jun - 2024 27 - Jun - 2024 7900 GBP
Dubai , UAE 23 - Jun - 2024 27 - Jun - 2024 5722.5 GBP
Hong Kong , Hong Kong 23 - Jun - 2024 27 - Jun - 2024 9100 GBP
Tokyo , Japan 23 - Jun - 2024 27 - Jun - 2024 11500 GBP
Madrid , Spain 7 - Jul - 2024 11 - Jul - 2024 7500 GBP
Munich , Germany 7 - Jul - 2024 11 - Jul - 2024 8900 GBP
London , UK 7 - Jul - 2024 11 - Jul - 2024 5950 GBP
New York , United States 7 - Jul - 2024 11 - Jul - 2024 12750 GBP
Berlin , Germany 7 - Jul - 2024 11 - Jul - 2024 8300 GBP
Amsterdam , Netherlands 7 - Jul - 2024 11 - Jul - 2024 9100 GBP
Bali , Indonesia 14 - Jul - 2024 18 - Jul - 2024 8700 GBP
Istanbul , Turkey 14 - Jul - 2024 18 - Jul - 2024 5550 GBP
Washington , United States 14 - Jul - 2024 18 - Jul - 2024 13500 GBP
Singapore , Singapore 14 - Jul - 2024 18 - Jul - 2024 8400 GBP
Bali , Indonesia 21 - Jul - 2024 25 - Jul - 2024 8700 GBP
Istanbul , Turkey 21 - Jul - 2024 25 - Jul - 2024 5550 GBP
Washington , United States 21 - Jul - 2024 25 - Jul - 2024 13500 GBP
Singapore , Singapore 21 - Jul - 2024 25 - Jul - 2024 8400 GBP
Paris , France 28 - Jul - 2024 1 - Aug - 2024 7900 GBP
Dubai , UAE 28 - Jul - 2024 1 - Aug - 2024 5722.5 GBP
Hong Kong , Hong Kong 28 - Jul - 2024 1 - Aug - 2024 9100 GBP
Madrid , Spain 14 - Jul - 2024 18 - Jul - 2024 7500 GBP
London , UK 14 - Jul - 2024 18 - Jul - 2024 5950 GBP
Berlin , Germany 14 - Jul - 2024 18 - Jul - 2024 8300 GBP
Munich , Germany 14 - Jul - 2024 18 - Jul - 2024 8900 GBP
New York , United States 14 - Jul - 2024 18 - Jul - 2024 12750 GBP
London , UK 21 - Jul - 2024 25 - Jul - 2024 5950 GBP
Amsterdam , Netherlands 14 - Jul - 2024 18 - Jul - 2024 9100 GBP
Munich , Germany 21 - Jul - 2024 25 - Jul - 2024 8900 GBP
Madrid , Spain 21 - Jul - 2024 25 - Jul - 2024 7500 GBP
New York , United States 21 - Jul - 2024 25 - Jul - 2024 12750 GBP
Berlin , Germany 21 - Jul - 2024 25 - Jul - 2024 8300 GBP
Amsterdam , Netherlands 21 - Jul - 2024 25 - Jul - 2024 9100 GBP
Milan , Italy 7 - Jul - 2024 11 - Jul - 2024 7500 GBP
Tokyo , Japan 28 - Jul - 2024 1 - Aug - 2024 11500 GBP
Milan , Italy 21 - Jul - 2024 25 - Jul - 2024 7500 GBP
Milan , Italy 14 - Jul - 2024 18 - Jul - 2024 7500 GBP
Kuala Lumpur , Malaysia 4 - Aug - 2024 8 - Aug - 2024 5300 GBP
Barcelona , Spain 4 - Aug - 2024 8 - Aug - 2024 8300 GBP
Rome , Italy 4 - Aug - 2024 8 - Aug - 2024 7900 GBP
Zurich , Switzerland 4 - Aug - 2024 8 - Aug - 2024 8700 GBP
Madrid , Spain 11 - Aug - 2024 15 - Aug - 2024 7500 GBP
London , UK 11 - Aug - 2024 15 - Aug - 2024 5950 GBP
Berlin , Germany 11 - Aug - 2024 15 - Aug - 2024 8300 GBP
Munich , Germany 11 - Aug - 2024 15 - Aug - 2024 8900 GBP
New York , United States 11 - Aug - 2024 15 - Aug - 2024 12750 GBP
Amsterdam , Netherlands 11 - Aug - 2024 15 - Aug - 2024 9100 GBP
Paris , France 18 - Aug - 2024 22 - Aug - 2024 7900 GBP
Dubai , UAE 18 - Aug - 2024 22 - Aug - 2024 5722.5 GBP
Hong Kong , Hong Kong 18 - Aug - 2024 22 - Aug - 2024 9100 GBP
Bali , Indonesia 25 - Aug - 2024 29 - Aug - 2024 8700 GBP
Istanbul , Turkey 25 - Aug - 2024 29 - Aug - 2024 5550 GBP
Washington , United States 25 - Aug - 2024 29 - Aug - 2024 13500 GBP
Singapore , Singapore 25 - Aug - 2024 29 - Aug - 2024 8400 GBP
Paris , France 4 - Aug - 2024 8 - Aug - 2024 7900 GBP
Dubai , UAE 4 - Aug - 2024 8 - Aug - 2024 5722.5 GBP
Hong Kong , Hong Kong 4 - Aug - 2024 8 - Aug - 2024 9100 GBP
Milan , Italy 11 - Aug - 2024 15 - Aug - 2024 7500 GBP
Tokyo , Japan 18 - Aug - 2024 22 - Aug - 2024 11500 GBP
Tokyo , Japan 4 - Aug - 2024 8 - Aug - 2024 11500 GBP
London , UK 22 - Sep - 2024 26 - Sep - 2024 5950 GBP
Munich , Germany 22 - Sep - 2024 26 - Sep - 2024 8900 GBP
Madrid , Spain 22 - Sep - 2024 26 - Sep - 2024 7500 GBP
New York , United States 22 - Sep - 2024 26 - Sep - 2024 12750 GBP
Berlin , Germany 22 - Sep - 2024 26 - Sep - 2024 8300 GBP
Amsterdam , Netherlands 22 - Sep - 2024 26 - Sep - 2024 9100 GBP
Bali , Indonesia 1 - Sep - 2024 5 - Sep - 2024 8700 GBP
Istanbul , Turkey 1 - Sep - 2024 5 - Sep - 2024 5550 GBP
Washington , United States 1 - Sep - 2024 5 - Sep - 2024 13500 GBP
Singapore , Singapore 1 - Sep - 2024 5 - Sep - 2024 8400 GBP
Rome , Italy 8 - Sep - 2024 12 - Sep - 2024 7900 GBP
Kuala Lumpur , Malaysia 8 - Sep - 2024 12 - Sep - 2024 5300 GBP
Zurich , Switzerland 8 - Sep - 2024 12 - Sep - 2024 8700 GBP
Barcelona , Spain 8 - Sep - 2024 12 - Sep - 2024 8300 GBP
Paris , France 15 - Sep - 2024 19 - Sep - 2024 7900 GBP
Dubai , UAE 15 - Sep - 2024 19 - Sep - 2024 5722.5 GBP
Hong Kong , Hong Kong 15 - Sep - 2024 19 - Sep - 2024 9100 GBP
London , UK 1 - Sep - 2024 5 - Sep - 2024 5950 GBP
Munich , Germany 1 - Sep - 2024 5 - Sep - 2024 8900 GBP
Madrid , Spain 1 - Sep - 2024 5 - Sep - 2024 7500 GBP
New York , United States 1 - Sep - 2024 5 - Sep - 2024 12750 GBP
Berlin , Germany 1 - Sep - 2024 5 - Sep - 2024 8300 GBP
Amsterdam , Netherlands 1 - Sep - 2024 5 - Sep - 2024 9100 GBP
Milan , Italy 22 - Sep - 2024 26 - Sep - 2024 7500 GBP
Tokyo , Japan 15 - Sep - 2024 19 - Sep - 2024 11500 GBP
Milan , Italy 1 - Sep - 2024 5 - Sep - 2024 7500 GBP
Kuala Lumpur , Malaysia 20 - Oct - 2024 24 - Oct - 2024 5300 GBP
Barcelona , Spain 20 - Oct - 2024 24 - Oct - 2024 8300 GBP
Rome , Italy 20 - Oct - 2024 24 - Oct - 2024 7900 GBP
Zurich , Switzerland 20 - Oct - 2024 24 - Oct - 2024 8700 GBP
London , UK 27 - Oct - 2024 31 - Oct - 2024 5950 GBP
Munich , Germany 27 - Oct - 2024 31 - Oct - 2024 8900 GBP
Madrid , Spain 27 - Oct - 2024 31 - Oct - 2024 7500 GBP
New York , United States 27 - Oct - 2024 31 - Oct - 2024 12750 GBP
Berlin , Germany 27 - Oct - 2024 31 - Oct - 2024 8300 GBP
Amsterdam , Netherlands 27 - Oct - 2024 31 - Oct - 2024 9100 GBP
Dubai , UAE 6 - Oct - 2024 10 - Oct - 2024 5722.5 GBP
Hong Kong , Hong Kong 6 - Oct - 2024 10 - Oct - 2024 9100 GBP
Paris , France 6 - Oct - 2024 10 - Oct - 2024 7900 GBP
Bali , Indonesia 13 - Oct - 2024 17 - Oct - 2024 8700 GBP
Istanbul , Turkey 13 - Oct - 2024 17 - Oct - 2024 5550 GBP
Washington , United States 13 - Oct - 2024 17 - Oct - 2024 13500 GBP
Singapore , Singapore 13 - Oct - 2024 17 - Oct - 2024 8400 GBP
Paris , France 20 - Oct - 2024 24 - Oct - 2024 7900 GBP
Dubai , UAE 20 - Oct - 2024 24 - Oct - 2024 5722.5 GBP
Hong Kong , Hong Kong 20 - Oct - 2024 24 - Oct - 2024 9100 GBP
Milan , Italy 27 - Oct - 2024 31 - Oct - 2024 7500 GBP
Tokyo , Japan 6 - Oct - 2024 10 - Oct - 2024 11500 GBP
Tokyo , Japan 20 - Oct - 2024 24 - Oct - 2024 11500 GBP
London , UK 17 - Nov - 2024 21 - Nov - 2024 5950 GBP
Munich , Germany 17 - Nov - 2024 21 - Nov - 2024 8900 GBP
Madrid , Spain 17 - Nov - 2024 21 - Nov - 2024 7500 GBP
New York , United States 17 - Nov - 2024 21 - Nov - 2024 12750 GBP
Berlin , Germany 17 - Nov - 2024 21 - Nov - 2024 8300 GBP
Amsterdam , Netherlands 17 - Nov - 2024 21 - Nov - 2024 9100 GBP
Bali , Indonesia 24 - Nov - 2024 28 - Nov - 2024 8700 GBP
Istanbul , Turkey 24 - Nov - 2024 28 - Nov - 2024 5550 GBP
Washington , United States 24 - Nov - 2024 28 - Nov - 2024 13500 GBP
Singapore , Singapore 24 - Nov - 2024 28 - Nov - 2024 8400 GBP
Kuala Lumpur , Malaysia 3 - Nov - 2024 7 - Nov - 2024 5300 GBP
Barcelona , Spain 3 - Nov - 2024 7 - Nov - 2024 8300 GBP
Rome , Italy 3 - Nov - 2024 7 - Nov - 2024 7900 GBP
Zurich , Switzerland 3 - Nov - 2024 7 - Nov - 2024 8700 GBP
Paris , France 10 - Nov - 2024 14 - Nov - 2024 7900 GBP
Dubai , UAE 10 - Nov - 2024 14 - Nov - 2024 5722.5 GBP
Hong Kong , Hong Kong 10 - Nov - 2024 14 - Nov - 2024 9100 GBP
London , UK 24 - Nov - 2024 28 - Nov - 2024 5950 GBP
Munich , Germany 24 - Nov - 2024 28 - Nov - 2024 8900 GBP
Madrid , Spain 24 - Nov - 2024 28 - Nov - 2024 7500 GBP
Berlin , Germany 24 - Nov - 2024 28 - Nov - 2024 8300 GBP
New York , United States 24 - Nov - 2024 28 - Nov - 2024 12750 GBP
Amsterdam , Netherlands 24 - Nov - 2024 28 - Nov - 2024 9100 GBP
Milan , Italy 17 - Nov - 2024 21 - Nov - 2024 7500 GBP
Tokyo , Japan 10 - Nov - 2024 14 - Nov - 2024 11500 GBP
Milan , Italy 24 - Nov - 2024 28 - Nov - 2024 7500 GBP
Kuala Lumpur , Malaysia 15 - Dec - 2024 19 - Dec - 2024 5300 GBP
Barcelona , Spain 15 - Dec - 2024 19 - Dec - 2024 8300 GBP
Rome , Italy 15 - Dec - 2024 19 - Dec - 2024 7900 GBP
Zurich , Switzerland 15 - Dec - 2024 19 - Dec - 2024 8700 GBP
London , UK 22 - Dec - 2024 26 - Dec - 2024 5950 GBP
Munich , Germany 22 - Dec - 2024 26 - Dec - 2024 8900 GBP
Madrid , Spain 22 - Dec - 2024 26 - Dec - 2024 7500 GBP
New York , United States 22 - Dec - 2024 26 - Dec - 2024 12750 GBP
Berlin , Germany 22 - Dec - 2024 26 - Dec - 2024 8300 GBP
Amsterdam , Netherlands 22 - Dec - 2024 26 - Dec - 2024 9100 GBP
Paris , France 8 - Dec - 2024 12 - Dec - 2024 7900 GBP
Dubai , UAE 8 - Dec - 2024 12 - Dec - 2024 5722.5 GBP
Hong Kong , Hong Kong 8 - Dec - 2024 12 - Dec - 2024 9100 GBP
Bali , Indonesia 1 - Dec - 2024 5 - Dec - 2024 8700 GBP
Istanbul , Turkey 1 - Dec - 2024 5 - Dec - 2024 5550 GBP
Washington , United States 1 - Dec - 2024 5 - Dec - 2024 13500 GBP
Singapore , Singapore 1 - Dec - 2024 5 - Dec - 2024 8400 GBP
Dubai , UAE 15 - Dec - 2024 19 - Dec - 2024 5722.5 GBP
Hong Kong , Hong Kong 15 - Dec - 2024 19 - Dec - 2024 9100 GBP
Paris , France 15 - Dec - 2024 19 - Dec - 2024 7900 GBP
Milan , Italy 22 - Dec - 2024 26 - Dec - 2024 7500 GBP
Tokyo , Japan 8 - Dec - 2024 12 - Dec - 2024 11500 GBP
Tokyo , Japan 15 - Dec - 2024 19 - Dec - 2024 11500 GBP

Course Syllabus

Introduction:

This five-day training course develops an essential understanding of Oil & Gas Exploration & Production (E&P) accounting, reporting and performance measurement issues and practices. It develops your ability to prepare, use and critically evaluate information on E&P activities, applying specialist industry knowledge and relevant analytical skills.

  • The programme is designed specifically for those who have a basic understanding of accounting but who need to understand more about accounting and financial reporting policies and practices in the upstream oil and gas industry.
  • Topics covered include the successful efforts and full cost methods of accounting, the classification of assets as tangible or intangible, the unit of production method for depreciation of capitalised costs, the testing for impairment of oil and gas assets, and accounting for removal and restoration of oil and gas facilities.
  • The main requirements of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) relevant to the Oil & Gas Exploration & Production industry are examined for each major phase in the field life cycle.
  • Learning throughout the course is achieved through illustrated presentations, group discussions, worked examples, exercises and solutions, and extracts from published financial statements of international companies.
  • Participants in this programme gain a broader and deeper appreciation of the role of the E&P Finance Department and the context in which it operates, encouraging a more confident and proactive approach to their work, developing awareness of issues, and preparing them for increased responsibility.

Course Objectives:

By the end of the programme, delegates will learn how to:

  • Develop understanding of the accounting standards, policies and practices used by companies in the Oil & Gas Exploration & Production industry
  • Appreciate the nature and financial implications of Production Sharing Contracts and other agreements between host governments and international companies
  • Examine issues and guidelines in accounting for Joint Ventures
  • Identify and know how to apply international and national accounting standards most relevant to the E&P industry
  • Improve relevance and reliability of financial reports to better meet the needs of users
  • Review and use publicly available information for benchmarking the business performance of companies in the E&P industry

The Course:

Day One:

THE OIL & GAS SECTOR AND MAJOR ACCOUNTING ISSUES

The Oil & Gas Sector & The Macro-economic Factors

  • Commodity prices, currency fluctuations, interest rate risk and political developments and environmental risk.

Costs in Acquisition, Exploration, Development and Production of new oil or natural gas reserves

Accounting Approaches

  • The "Successful Efforts" (SE) Method or the "Full Cost" (FC) Method

An Introduction/Overview of IFRS in relation to the Oil & Gas Sector, with particular reference to:

  • IFRS 1: First-time Adoption of International Financial Reporting Standards
  • IFRS 6: Exploration for and Evaluation of Mineral Assets
  • IFRS 10: Consolidated Financial Statements
  • IFRs 11: Joint Arrangements
  • IAS 16: Property, Plant and Equipment
  • IAS 36: Impairment of Assets
  • IAS 37: Provisions, Contingent Liabilities and Contingent Assets
  • IAS 38: Intangible Assets
  • IAS 39 Financial Instruments: Recognition and Measurement – Superseded by IFRS 9 effective 2013

Day Two:

EVALUATING THE PERFORMANCE AND IDENTIFYING THE ACCOUNTING ISSUES OF BP, CHEVRON , SHELL & SABIC

Analysis of financial statements

  • Income Statements
  • Statement of Financial Position (Balance Sheet)
  • Cashflow Statements

Identification & Evaluation of their Accounting Policies 

DuPont Analysis – Evaluating and Improving Return on Equity (ROE)

Evaluation of their Share Price and Investment Performance

  • With live feeds from London Stock Exchange and Dow Jones

Day Three:

ACCOUNTING FOR UPSTREAM ACTIVITIES WITH REFERENCE TO IFRS AND EXAMPLES OF BP, CHEVRON & SHELL, E.G.

  • Reserves and resources
  • Exploration and evaluation
  • Revenue recognition
  • Assets
  • Depletion, Depreciation & Amortisation (“DD&A”)
  • Impairment of development, production and downstream assets

Day Four:

JOINT ARRANGEMENTS; FINANCIAL INSTRUMENTS & DERIVATIVES

  • Business Combinations, Joint Ventures & Production Sharing Agreements (“PSA”s)
  • Treasury Management Issues for Multi-nationals
  • The Use of Derivatives in the Oil& Gas Sector to manage the commodity, currency and interest-rate risks etc

Day Five:

CREATIVE ACCOUNTING AND CORPORATE GOVERNANCE

  • Creative Accounting – Enron and investor protection
  • Auditors and reporting to investors in the oil and gas industry
  • External audit investigations and reports
  • The auditor’s ‘Opinion'
  • True and Fair
  • Sarbanes Oxley
  • Internal audits
  • Ethical issues
  • Corporate governance
  • Government regulation
  • Investor confidence and share prices

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