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

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