Valuing and measuring the performance of an oil and gas company involves industry-specific complexities because financial accounts alone provide a poor representation of value added. Company valuation is determined both by existing assets and by potential exploration projects. Therefore professionals in this sector are required to have a clear understanding of performance measurement and how to reflect it in their corporate models and valuations. Whether to appraise potential investments, IPOs or M&A transactions, robust financial models of assets and techniques to value commercial reserves, uncommercial reserves and exploration opportunities are required. Corporate valuation models take the form either of 'liquidation models' or of 'going concern models' and an understanding of the implications of both approaches is essential. This Euromoney Training course will provide the necessary skills and knowledge to conduct accurate assessments for the purpose of investment or acquisition in this sector.