Course Objectives:

This course aims to provide participants with the knowledge and skills associated with decommissioning, as well as what needs to be in place for effective and efficient decommissioning operation in their maturing provinces.


Who Should Attend?

Planners, accounting personnel in the oil and gas industry


Prerequisite Courses

None


Course Overview

• Historical background to decommissioning
• International law and decommissioning
• Decommissioning in oil and gas contracts
• Accounting for decommissioning
• Decommissioning and international accounting standards (IAS 37)
• US Statement of Financial Accounting Standard (SFAS 143)
• Financing decommissioning
• Decommissioning security
• Decommissioning accountability
• Decommissioning disputes



Learning Goal

Participants should be able to:
• Develop understanding of the current technical, social and environmental issues associated with decommissioning.
• Know the current international fiscal and accounting treatment of decommissioning costs.
• Engage in a thorough analysis of decommissioning issues in oil and gas contracts with a view to avoiding future pitfalls.
• Design a decommissioning policy for their organisations.


Course Materials

Course notes