This five-day program 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.
Develop an 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 the 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 operation, technical service, and maintenance professionals
Technical professionals responsible for the maintenance and repair of equipment
Professionals involved in inspection and maintenance and repair
Technical professionals dealing with risk assessment and integrity analysis
Technicians dealing with regulating and metering and other measurements
Investor reporting
New investors
Taxation and royalties
Stock market intermediaries
Effect on reporting
Migration paths
Effect on PSC reporting
Share pricing and O&G companies
Capitalizing E&P projects
Effects of IFRS
Capital maintenance
Sources of capital
Unit 4: Oil & Gas Value Chain and Accounting Issues:
E&P Exploration & evaluation, borrowing costs, and development expenditures
P&S Reserves and resources
Product valuation issues, impairment of assets, disclosures, decommissioning
Royalties and income taxes
Emission trading schemes
Joint ventures – GAAP & IFRS
Business combinations
Currency issues
Accounting treatments
Analytical tools
Full cost
Successful efforts
Decommissioning obligations
The auditor’s ‘Opinion'
True and Fair
Sarbanes Oxley
Internal audits
Corporate governance
Government regulation
Investor confidence and share prices
Creative accounting and investor protection
Sources of external finance
Financial markets
Investment criteria
Roles of intermediaries in the financial markets
Analysis of Shell Oil and BP Accounts
DuPont hierarchy of ratios
Theoretical conclusions and live feeds from London Stock Exchange
We all operate in an increasingly complex commercial and professional environment that requires us to negotiate on a daily basis not only with customers, clients, suppliers and contractor, but also with managers, fellow employees and colleagues within our own organisation.
‘Mastering Negotiation Skills’ is a five-day course designed to explain the negotiation process in detail and demonstrate how to use it effectively, giving delegates the negotiation skills and strategies they need to succeed in today’s challenging commercial environment.
The ability to negotiate effectively and manage conflict is one of the most valuable skill sets we can develop within our organization. Not only does developing these skills allow us to negotiate better deals by creating and then claiming value, but it also enables us to manage teams more expertly, interact more constructively with colleagues and manage conflict effectively.
This course provides both a comprehensive strategic analysis of the negotiation process as well as the essential tools for planning and managing every negotiation. Delegates will learn to negotiate excellent outcomes both externally with suppliers, contractors, and customers but also internally within your organization between colleagues, departments, and managers.
One of the major keys to success in the business world is being able to apply “discipline” to your life and actions! This is the key to developing personal effectiveness and professional excellence.
This training course will provide professionals with the knowledge, skills, and attitudes required to manage and lead teams and organizations before, during, and after a crisis or emergency. All leaders are sooner or later confronted with the need to lead and manage their team or organization during a crisis or emergency. The leadership skills and competencies that are required in these demanding circumstances are much more challenging for the leader than normal everyday leadership. This course will also cover the basics of the COVID 19 Virus currently impacting the world. Most of our lives are a combination of work, family, and community involvement. A pandemic can affect all of these areas. Being informed and knowing what to do during a pandemic can help minimize the impact.
This course is designed for IT professionals who are looking to take on the role of Chief Information Security Officer (CISO) in an organization. The course will cover key concepts and skills in information security, including risk management, security governance, incident response, and compliance.
A five-day course on the practical aspects of piping and pipeline design, integrity, maintenance, and repair. The participants will obtain an in-depth understanding of the ASME B31 code rules and API standards, their technical basis, and practical application to field conditions.