After the completion of this training course, participants will be able to:

• Enhance your comprehension of accounting and reporting issues unique to the E&P industry with emphasis on the application of International Financial Reporting Standards (IFRS)
• Improve your understanding of the accounting and reporting of Sales Revenue, Farm In/Farm Out, and Carried Interest
• Enhance your knowledge of Production Sharing Contracts and Joint Venture Accounting issues including Unitisation & Redetermination
• Advance your knowledge of the Corporate Budget and Planning process including a review of Key Performance Indicators and Company Strategy
• Raise your awareness of the E&P business activity for which we are accounting and reporting

We recommend that, to derive maximum benefit from this course, you should first attend our predecessor Level 1 course. Otherwise, this course is suitable for personnel with a good foundation knowledge in exploration and production accounting.

• Intermediate

The training instructor relies on a highly interactive training method to enhance the learning process. This method ensures that all participants gain a complete understanding of all the topics covered. The training environment is highly stimulating, challenging, and effective because the participants will learn by case studies which will allow them to apply the material taught in their own organization.

Course Duration: 5 days in total (35 hours).

Training Schedule

0830 – Registration 0900 – Start of training 1030 – Morning Break 1045 – Training recommences 1230 – Lunch Break 1330 – Training recommences 1515 – Evening break 1530 – Training recommences 1700 – End of Training

The maximum number of participants allowed for this training course is 25.

This course is also available through our Virtual Instructor Led Training (VILT) format.

Your expert course leader has more than 30 years of petroleum accounting and operational management experience in the international oil and gas industry. He spent 15 years with Amerada Hess in a variety of petroleum accounting and commercial roles. He has practical, hands-on petroleum accounting knowledge gained by working internationally in UK, Norway, Denmark, Gabon and, before leaving Hess, he was Country Manager in Brazil.

He has a BA in Business Management and outside of work, he enjoys the great outdoors; walking, running, landscape photography and golfing. He is a passionate fan of St. Mirren FC and a committed supporter of his preferred charity – The Gathimba Edwards Foundation.

Courses Delivered Internationally:

• Exploration & Production Accounting
• Auditing in the Exploration & Production Industry
• Finance for Non-Financial Oil & Gas Personnel
• Petroleum Economics & Risk Management
• Negotiation Skills for the Oil & Gas Industry
• Leadership Skills and Introduction to the Oil & Gas Industry

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information post training support and fees applicable