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

• Carry out and manage the day-to-day financial accounting activities associated with participation in E&P joint ventures
• Prepare, analyse and present information for effective financial reporting
• Understand the impact of a comprehensive range of activities on the financial statements of an upstream oil and gas company
• Practically apply IFRS in accounting for a wide range of typical oil and gas industry activities

This is an advanced level course designed for:

• those who have already attended E&P Accounting – Level 1 and E&P Accounting – Level 2, or
• those who can demonstrate, by a combination of relevant experience and previous study, sufficient prior knowledge to contribute and benefit from attending this workshop

• Advanced

Training Method – Scenario Based Learning

• Learning centers around highly realistic E&P company scenarios.
• A computer-based simulation is used to plan, record and report the progress of your company through several years of international E&P activities.
• Teams of 2 – 3 people participate in the financial management of these activities, including Operator and Non-operator accounting, recording of transactions, updating of financial statements and analysis of results.

The highly interactive laptop-based scenario approach will enable you to follow the impact of each activity from initiation through to final results and analysis of company performance. You will need to bring with you to the course your own laptop PC with MS Excel™ pre-installed.  Prior knowledge of spreadsheet techniques is assumed.  Trainer will provide various Excel files which participants may retain at the end of the course.

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.

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