Authorisation for Expenditure (AFE) Concepts, Contexts and Applications Course- Exploration and Acquisition, Drilling Contract, Tangible Drilling, Production Costs and Drilling Operational Problems
On going

By the conclusion of the specified learning and development activities, delegates will be able to demonstrate a heightened understanding of the following concepts and issues:

Module 1: Contextualising Authorisation for Expenditure (AFE) Process

• M1. Part 1 - Contextualising Authorisation for Expenditure (AFE)
• Authorisation for Expenditure (AFE) as Documentation for Joint Operators Approval for Expenditure,
• Cost control as an Aspect of Authorisation for Expenditure (AFE),
• Budgeting as an Aspect of Authorisation for Expenditure (AFE),
• Monitoring as an Aspect of Authorisation for Expenditure (AFE).
• M1. Part 2 - Authorisation for Expenditure (AFE) As a Process (1)
• Authorisation for Expenditure (AFE) Process in Joint Operation Agreement,
• Authorisation for Expenditure (AFE) as Joint Venture Project Approval,
• Authorisation for Expenditure (AFE) Conceptualisation,
• Economical Evaluation in Authorisation for Expenditure (AFE),
• Authorisation for Expenditure (AFE) Coding,
• Components of Authorisation for Expenditure (AFE),
• Preparation, Execution and Monitoring Process of Authorisation for Expenditure (AFE),
• Authorisation for Expenditure (AFE) Process in Join Operation Agreement,
• Interest Partner Approval as Authorisation for Expenditure (AFE) Execution,
• Authorisation for Expenditure (AFE) as Joint Venture Project Approval.
• M1. Part 3 - Authorisation for Expenditure (AFE) As a Process (2)
• Authorisation for Expenditure (AFE) in Production Sharing Contract (PSC),
• Authorisation for Expenditure (AFE) for Risk Service Agreement (RSA) or Risk Service Contract (RSC),
• Non-Standard Authorisation for Expenditure (AFE),
• Operationally Standardized Authorisation for Expenditure (AFE),
• Minimalist Authorisation for Expenditure (AFE),
• Addressing Failure to Obtain Approval from all working interest owners of an Authority for Expenditure: Result,
• Authorisation for Expenditure (AFE) as Reapproval for Budgeting Excess,
• Consequences for Non-reapproval of Authorisation for Expenditure (AFE),
• AFEs as a Control Mechanism for Oil and Gas Accounting,
• Accumulation of Authorisation for Expenditure (AFE) Activities in the General Ledger,
• Executing Authorisation for Expenditure (AFE),
• Reporting of Authorisation for Expenditure (AFE) Activities at Authorisation for Expenditure (AFE) Level.

Module 2: Authorisation for Expenditure (AFE) Application

• M2. Part 1 - Authorisation for Expenditure (AFE) for Exploration and Acquisition
• Authorisation for Expenditure (AFE) For Lease Contract,
• Authorisation for Expenditure (AFE) For Exploration,
• Authorisation for Expenditure (AFE) for Exploratory Wells,
• Authorisation for Expenditure (AFE) for Test Wells,
• Authorisation for Expenditure (AFE) for Estimated Intangible Drilling Cost (IDC),
• Equipment Cost and Completion Cost for Well Drilling.
• M2. Part 2 - Authorisation for Expenditure (AFE) for Drilling Contract
• Authorisation for Expenditure (AFE) in Domestic Drilling Operations,
• Authorisation for Expenditure (AFE) in International Drilling Operations,
• Authorisation for Expenditure (AFE) for Day Rate Drilling Contract,
• Authorisation for Expenditure (AFE) for Footage Drilling Contract,
• Authorisation for Expenditure (AFE) for Turnkey Drilling Contract,
• Authorisation for Expenditure (AFE) For Well Completion,
• Authorisation for Expenditure (AFE) for Recompletion.
• M2. Part 3 - Authorisation for Expenditure (AFE) for Development Cost
• Authorisation for Expenditure (AFE) as Completion Cost in Site Exploration,
• Authorisation for Expenditure (AFE) for Plugging and Abandonment Cost in Dry Wells,
• Authorisation for Expenditure (AFE) for Drilling as Production Costs,
• Authorisation for Expenditure (AFE) as Reapproval for Budgeting Excess,
• Authorisation for Expenditure (AFE) for Facility Construction.
• M2. Part 4 - Authorisation for Expenditure (AFE) for Tangible Drilling and Production Costs
• Authorisation for Expenditure (AFE) For Service Wells,
• Authorisation for Expenditure (AFE) for Drilling as Production Costs.
• M2. Part 5 - Authorisation for Expenditure (AFE) for Drilling Operational Problems
• Authorisation for Expenditure (AFE) for Workovers,
• Rig Workover,
• Authorisation for Expenditure (AFE) for Drilling Operation,
• Recompletion Operation,
• Authorisation for Expenditure (AFE) for Plugging and Abandonment Cost in Dry Wells,
• Authorisation for Expenditure (AFE) as Completion Cost in Sight Exploration