Accounting and Finance > Joint Venture Auditing in Oil & Gas – Virtual Instructor Led Training (VILT)
Code Date Format Currency Team of 10
Per Person*
Team of 7
Per Person*
Early Bird Fee
Per Person
Normal Fee
Per Person
PE1599 05 - 09 Dec 2022 Virtual Instructor Led Training (VILT) SGD 1324 1874 2,299 2,499
PE1599 05 - 09 Dec 2022 Virtual Instructor Led Training (VILT) USD 1059 1499 1,799 1,999

*Fee per person in a team of 7 or 10 participating from the same organisation, registering 6 weeks before the course date
Request for a quote if you have different team sizes, content customisation, alternative dates or course timing requirements
Prefer classroom training instead? Request for in-person classroom training

Learn in teams and save more! Enjoy group discounts of up to 50% off normal fees for team based learning. Contact us on info@asiaedge.net to learn more today!

Code

PE1599

Date

05 - 09 Dec 2022

Format

Virtual Instructor Led Training (VILT)

Currency

SGD

Team of 10
Per Person*

1324

Team of 7
Per Person*

1874

Early Bird Fee
Per Person

2,299

Normal Fee
Per Person

2,499

Code

PE1599

Date

05 - 09 Dec 2022

Format

Virtual Instructor Led Training (VILT)

Currency

USD

Team of 10
Per Person*

1059

Team of 7
Per Person*

1499

Early Bird Fee
Per Person

1,799

Normal Fee
Per Person

1,999

*Fee per person in a team of 7 or 10 participating from the same organisation, registering 6 weeks before the course date
Request for a quote if you have different team sizes, content customisation, alternative dates or course timing requirements
Prefer classroom training instead? Request for in-person classroom training

About this Virtual Instructor Led Training (VILT)

This intermediate level 5 half-day Virtual Instructor Led Training (VILT) course examines auditing concepts, principles and practices specific to the international Exploration & Production sector. Course participants will gain an insight into audit planning methodology, a detailed understanding of audit methodology relating to complex audit issues. This VILT course will also impart hands-on application that can be implemented in the workplace with immediate results. The VILT course will also provide insights into Joint Operating Agreements (JOA) and Production Sharing Contracts (PSC) and highlight their differences.

By the end of this VILT course, participants will:

  • Gain an improved insight into the major areas of expenditure and the audit issues that frequently arise in a joint venture audit
  • Understand drilling operations and the audit risks arising from cost allocations
  • Understand the main agreements (JOA and PSC) used in the industry
  • Understand the distinct roles of the joint venture auditor and government auditor
  • Gain a hands-on ability to analyse a transaction listing (JADE) for audit planning
  • Be able to apply knowledge to audit fieldwork such as raising audit queries and evaluating audit evidence
  • Understand the audit close out process
  • Understand the audit reporting process

This VILT course is intended for:

  • Audit staff who require a more in-depth understanding of audit methodology
  • Audit staff with an audit background but new to the oil and gas industry
  • Industry regulators who want to gain an understanding of the audit process
  • Finance personnel new to the oil and gas industry who need to understand the specialist disciplines that comprise as well as the oil and gas company finance function

This VILT course will be delivered online in 5 half-day sessions comprising 4 hours per day, with 2 breaks of 10 minutes per day.

Course Duration: 5 half-day sessions, 4 hours per session (20 hours in total).

Your expert course leader is a Chartered Accountant with 20 years’ experience in professional services. He has worked for a decade of that time in academia and advised clients in the oil & gas and mining industries. He is the Founder and Managing Director of specialist consultancies, providing management consulting and training & development services.

In his consulting career, he has been involved in the audit of some of the largest projects in Australia including the North West Shelf, Browse, Wheatstone and Ichthys. He has also undertaken various consulting assignments in Africa and Asia representing international oil and gas companies. This has involved leading teams of international consultants from around the world. These engagements typically involve a comprehensive knowledge of joint venture accounting, joint operating agreements, production sharing contracts, drilling operations, vendor contracts and costing methodologies. The larger projects have complex overhead allocation issues and require particular focus on the allocation of drilling costs such as rig charges, supply vessel costs, fuel charges, drilling materials (casing, drilling fluids, cement, etc.) and other drilling services.

Prior to starting his own company, he held the role of Financial Controller at Tribune Resources at a time when the company was transforming from a junior explorer to a highly profitable producer. He spent a decade in academia holding the position of Associate Professor of Accounting at the University of Western Australia (UWA) until late 2014. Prior to UWA, he worked at Curtin University. The academic roles involved both teaching and research in accounting and auditing. He is currently Adjunct faculty at the University of New South Wales in the MBA program, teaching courses in Accounting & Financial Management and Corporate Finance.

He has extensive experience with executive education. He has taught senior executives of CNOOC (Chinese National Oil Company) courses in joint venture accounting and auditing. He has taught senior executives from BHP Billiton, Horizon Power, Clough Engineering, Deloitte Consulting, among others, courses in accounting and financial management for executive with non-finance background. He has also conducted audit seminars for senior management of the Australian Taxation Office and has also conducted seminars for KPMG and PwC.

He has been involved as a workshop and Masterclass facilitator with the Chartered Accountants post-graduate program in Australia and Asia since 2001. He has delivered training in a diverse range of topics such as financial reporting, strategic management accounting, applied finance and auditing.

He is a graduate of the University of Western Australia with a BCom(First Class Honours) and a PhD from Curtin University in Intellectual Capital Management. He is an active member of the Institute of Chartered Accountants Australia and New Zealand.

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

Learn what past participants have said about PetroEdge training courses

The session was well conducted with detailed handouts. The trainer interacted effectively and actively with participants

Executive Auditor, PETRONAS

Cozy approach by the trainer and good organization of the overall event by the organizer

Manager, Internal Audit (Upstream), PETRONAS

Great training provided by a good and experienced trainer

JV Auditor, PETRONAS

Overall, great training program, with contents relevant to the job function. Not to forget, great trainer as well!

Internal Auditor, PETRONAS

I really enjoyed coaching given to us by the trainer. He is very knowledgeable, clear to understand and possesses excellent presentation skills. I like the way he integrates theory and practical examples in real world. I definitely recommend attending his course

BHP

The trainer is an excellent teacher and facilitator of the group. He quickly and ably assessed the capability of various members of the class, and was able to provide an appropriate mix of support and theory for members of the group less experienced in these subjects, while ensuring the more experienced members of the group were appropriately challenged to lift their level of understanding and practical application of the subject materials. He provided an appropriate mix of theory and practical examples from his own broad experience, his materials were of an excellent standard, and he was very responsive to queries and requests for assistance. He was always very well prepared and extremely professional, and I thoroughly enjoyed the courses I took with him,

Iluka Resources