Course Objectives:

In the rapidly changing global oil and gas economy, it is critical to the success of any producing company to make the most efficient use of its resources. Finance and accounting comprise the universal business language. Planning and decision making that occur in an informal financial context permit better application of resources and promote competitive advantage


Who Should Attend?

Planners, accounting personnel in the oil and gas industry


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

Participants should gain knowledge of:

• 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

Course notes