This session: 20–24 Sep 2027
This Oil & Gas Accounting and Performance Measurement Course session in Barcelona (Spain) runs from Monday 20 September to Friday 24 September 2027 (week 38, Q3 2027). It is the 2nd of 2 dates in Barcelona (Spain) in 2027, at a fee of 5,200 £, the same for each of them. Registration is open for this date. It is held in person.
| Dates | Monday 20 Sep – Friday 24 Sep 2027 |
|---|---|
| Week | 38 of 2027 |
| Duration | 5 days |
| Fee | 5,200 £ |
| Status | Open for registration |
| Format | In person |
Course Overview
Course Description
This intensive 1-week course provides a comprehensive understanding of accounting, financial reporting, and performance measurement in the oil and gas industry. Participants will learn about upstream accounting practices, IFRS and GAAP compliance, financial analysis techniques, and key performance indicators specific to the sector. The course combines theoretical knowledge with practical applications to enhance decision-making skills.
Learning Objectives
- Master oil and gas accounting principles and practices for exploration and production activities
- Understand IFRS and GAAP requirements for financial reporting in the oil and gas sector
- Develop skills in financial analysis and interpretation of oil and gas company statements
- Learn to calculate and utilize key performance indicators for measuring operational efficiency
- Gain insights into risk management and performance optimization in the oil and gas industry
Course Modules
Day 1: Introduction to Oil & Gas Accounting
- Overview of the oil and gas industry structure
- Accounting for exploration and evaluation activities
- Successful efforts vs. full cost accounting methods
- Joint venture accounting and production sharing contracts
Day 2: Financial Reporting Standards
- IFRS and GAAP requirements for oil and gas companies
- Reserves estimation and reporting
- Impairment testing for oil and gas assets
- Decommissioning and environmental liabilities
Day 3: Financial Statement Analysis
- Interpreting oil and gas company financial statements
- Ratio analysis for upstream companies
- Cash flow analysis and forecasting
- Valuation methodologies for oil and gas assets
Day 4: Performance Measurement
- Key performance indicators for upstream operations
- Production and reserves metrics
- Cost analysis and efficiency measures
- Benchmarking and industry comparisons
Day 5: Risk Management and Decision Making
- Risk assessment in oil and gas projects
- Capital allocation and investment decisions
- Performance optimization strategies
- Integrating financial and operational performance measures
Practical Wins for Participants
- Ability to prepare and analyze oil and gas financial statements in compliance with international standards
- Skills to develop and interpret key performance indicators for upstream operations
- Techniques for optimizing financial and operational performance in oil and gas companies
- Enhanced decision-making capabilities for resource allocation and risk management in the sector
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