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Upstream Oil and Gas Accounting and Contracts: Oil and Gas Operation, Mineral Rights, Leases and Successful Efforts Accounting Course

By: HRODC Postgraduate Training Institute

United Kingdom

10 - 15 Apr, 2017  6 days

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GBP 4,800

By the conclusion of the specified learning and development activities, delegates will be able to:

  • Accurately account for ‘Disposition’ of capitalized costs, in reference to the impairment of unproved properties
  • Address problems and issues associated with upstream oil and gas operation
  • Address the geological issues relating to the origin, exploration and production of oil and gas
  • Appropriately address Disposition of capitalized costs from the surrender or abandonment of property
  • Appropriately apportion costs to non-drilling and drilling operations, respectively
  • Demonstrate a working knowledge of Amortization, with particular reference to the oil and gas industry
  • Demonstrate an appreciation of financial reporting policies and practices applicable in Oil and Gas Industry
  • Demonstrate an awareness of the salient issues associated with the development of the United States   oil and gas industry, as a mark car to International oil and gas exploration developments and it mining operations
  • Demonstrate an understanding of the oil and gas industrial and the activities of each subsector
  • Demonstrate mastery of the concepts and issues associated with exploration and drilling operation
  • Describe the methods of exploration generally used within the oil and gas industry
  • Discuss, with examples, the benefits and drawbacks of nonworking interest
  • Distinguish between 3D and 4D Seismic
  • Distinguish between Mineral Rights, Mineral Interests and Fee Interests
  • Distinguish between natural and artificial lifts, in oil and gas production
  • Distinguish between Non-drilling and Drilling Costs
  • Distinguish between the different types of wells
  • Explain the basic principles of Successful Efforts Accounting in Oil and Gas
  • Explain the contractual issues that are associated with oil, gas and mineral lease
  • Explain, with examples, Overriding Royalty Interests (ORI)
  • Explain, with minor omissions, the processes involved in oil and gas acquisition, exploration and mining
  • Outline the methods of production, employed in the oil and gas industry
  • Outline the role of finance and accounting in an Oil and Gas Organisations
  • Work through examples of Amortization of exploration and development costs of proved developed reserves
London Apr 10 - 15 Apr, 2017
GBP 4,800.00 + 240.00 (VAT)
(Convert Currency)

+44 7736147507; +44 1902 763607; +44 2071935906

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