Course Objectives

The course is designed to provide grounding of the key issues affecting oil quality, accounting for international petroleum contracts and agreements. Financial performance, management, benchmarking and risk management. Economics of refinery operation


Who Should Attend?

Oil Company Personnel, Analysts, Management Accountants, Engineers, Marketers and operators


Prerequisite Courses

None


Course Overview

� Introduction to petroleum Economics
� Accounting for petroleum contracts and Agreements
� Benchmarking
� Primary supply Mechanisms & Logistics, pipeline, ship, rail or road
� Upstream Fiscal Terms-Contractual and project finance
� Timing, Cost and Efficiency
� Refinery economics and Operations
� Retail and Supply chain
� Risk management - Price exposure and Trading Instruments
� Investment profitability studies in the petroleum industry
� Financial performance management in the oil industry
� Renewable and alternative energy. It�s impact
� Accounting and reporting requirements for Oil and Gas industry


Learning Goal

Upon completion of the course, delegates should be able to:


� Upon completion of the course, delegates should be able to:
� Formulate timely and effective responses to these industry challenges
� Address the question of what it means to operate an oil company
� Prepare yourself for advancement to a broader, more senior role in your company
� Search for understanding and common ground between government, oil firm and operating companies


Course Materials

Notes, hand outs and exercise materials