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International Petroleum - Oil and Gas - Accounting, Taxation and Investments

By: HRODC Postgraduate Training Institute, A Postgraduate-Only Institution

Malaysia

06 Aug - 26 Oct, 2018  3 months, 21 days

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GBP 45,000

By the conclusion of the international petroleum oil and gas accounting, taxation and investments, 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.
  • Deconstruct the role of finance and accounting in an Oil and Gas Organisation;
  • Demonstrate a heightened ability to analyse their company’s performance, as an oil and gas player or regulator;
  • Demonstrate a heightened understanding of salient accounting concepts and governance;
  • Demonstrate a heightened understanding of the differing levels of Financial Reporting Regulation and Standardization, as they apply to Oil and Gas Accounting;
  • Demonstrate a heightened understanding of the differing levels of regulation and standardization applied to Oil and Gas accounting;
  • Demonstrate the most appropriate contract formulation for Take-or-pay thresholds, accounting, transportation agreements, tariffs, reserving pipeline capacity, respectively;
  • Demonstrate their ability to determine the extent to which financial measurement techniques such as full cost, successful efforts and reserve recognition can be used to evaluate oil and gas producing operations;
  • Determine the roles and interplay of the Governments of territories containing hydrocarbon reserves, National Oil Companies, International Oil Companies, the Major Product Suppliers, the Engineering and Contracting Companies and the Service Companies,
  • Exhibit a heightened understanding of the requirements of International Financial Reporting Standards;
  • Exhibit their ability to manage risk effectively in oil and gas project contracts, averting pitfalls of key contractual clauses;
  • Exhibit their ability to utilize Advanced Financial Measurement Techniques such as full cost, successful efforts and reserve recognition are used to evaluate oil and gas producing operations;
  • Explain the international dispute resolution framework and institutions in the context of expert decisions, mediation arbitration and litigation;
  • Suggest the principal standard form contracts used in the industry including the North Sea LOGIC/CRINE standard form contracts and the Association of Independent Petroleum Negotiators (AIPN) standard form contracts.
Durban; Dubai; London;Kuala Lumpur; Amsterdam; Paris;Brussels Aug 06 - 26 Oct, 2018
GBP 45,000.00
(Convert Currency)

Ms. Michelle +442071938392; +447487877573; +639368309409

Prof. Dr. R. B. Crawford
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