Finance & Accounting Essentials for Oil & Gas Professionals Event, 11.May.2025

Course Description

This comprehensive 5-day course provides in-depth knowledge of finance and accounting practices tailored to the oil and gas industry. Participants will gain practical skills in financial analysis, budgeting, and strategic decision-making within the context of exploration, production, and downstream operations. The course covers industry-specific accounting standards, risk management, and performance evaluation techniques.

Learning Objectives

• Understand and apply oil and gas accounting principles and financial reporting standards
• Analyze financial statements and key performance indicators specific to the industry
• Develop proficiency in budgeting, forecasting, and capital investment analysis for oil and gas projects
• Gain insights into risk management strategies and their financial implications
• Master cost allocation techniques and performance measurement in upstream and downstream operations

Course Modules

Day 1: Introduction to Oil & Gas Finance

• Industry overview and financial challenges
• Accounting standards and regulatory framework
• Financial statements in oil and gas companies
• Key performance indicators for the energy sector

Day 2: Upstream Accounting and Economics

• Exploration and production accounting
• Reserve estimation and valuation
• Joint venture accounting
• Production sharing agreements

Day 3: Midstream and Downstream Financial Management

• Pipeline and storage accounting
• Refinery economics and accounting
• Trading and risk management
• Inventory valuation methods

Day 4: Capital Budgeting and Investment Analysis

• Project evaluation techniques
• Risk analysis in capital investments
• Portfolio management
• Mergers and acquisitions in the oil and gas sector

Day 5: Financial Planning and Performance Management

• Budgeting and forecasting for oil and gas operations
• Cost allocation and transfer pricing
• Performance measurement and benchmarking
• Financial risk management strategies

Practical Wins for Participants

• Ability to interpret and analyze oil and gas financial statements with confidence
• Skills to evaluate and recommend capital investment projects in the energy sector
• Proficiency in creating accurate budgets and forecasts for oil and gas operations
• Enhanced decision-making capabilities for financial risk management in the industry