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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

04 - 09 Sep, 2017  6 days

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GBP 6,000

This course is designed specifically for all those who work with financial information and measures of performance for Oil and Gas Exploration and Production (EandP) activities, and those seeking to enhance their career prospects within the Upstream International Petroleum - Oil and Gas - Sector.

By the conclusion of the specified learning and development activities of Upstream Oil and Gas Accounting and Contracts, 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 Sep 04 - 09 Sep, 2017
GBP 6,000.00 + 300.00 (VAT)(The course cost does not include living accommodation. However, delegates are treated with the following: Continuous snacks throughout the Event Days; Hot Lunch on Event Days; City Tour; Hand-outs; Stationery.)
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+44 7736147507; +44 1902 763607; +44 2071935906

We offer very attractive discount for groups of 3 and more people, from the same organisation, taking the same course. Courses are delivered in over 30 Cities including Miami, London, Dubai, Kuala Lumpur, Paris, Milan.
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