Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

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

By: HRODC Postgraduate Training Institute

United Kingdom

03 - 14 Apr, 2017  12 days

Follow Event

  

GBP 8,000

Participant will learn the following at the end of this authorization for expenditure (AFE) concepts, contexts and applications - exploration and acquisition, drilling contract, tangible drilling, production costs and drilling operational problems course

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.
London, UK Apr 03 - 14 Apr, 2017
GBP 8,000.00
(Convert Currency)

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

Related Courses
Automotive Repair and Maintenance Course (London) Automotive Repair and Maintenance Course (London)
On going

12 days, 17 - 28 Apr, 2017 

2017-04-17 12:04:00
United Kingdom

HRODC Postgraduate Training Institute

Delegates will engage in Practical Work in Local Garages! And will understand the following: Part 1: The Fuel System Carburetors Carburetors Drawbacks Fuel Injection Electronic Fuel Injection Engine ...

Advanced Value Engineering and Construction Project Management Course - Diploma Postgraduate (Amsterdam) Advanced Value Engineering and Construction Project Management Course - Diploma Postgraduate (Amsterdam)

5 days, 12 - 16 Jun, 2017 

2017-06-12 12:06:00
Netherlands

HRODC Postgraduate Training Institute

This Training Course is designed for Executives of Construction Companies, Contractors, Civil Engineers, Architects, Managers of Construction Companies, Project Managers, Project Team Leaders, Value ...

Analysis of the Political World: The Exercise of Political Power and Authority Within the Realm of Government Structures Course Analysis of the Political World: The Exercise of Political Power and Authority Within the Realm of Government Structures Course
On going

26 days, 03 - 28 Apr, 2017 

2017-04-03 12:04:00
United Kingdom

HRODC Postgraduate Training Institute

At the end of this analysis of the political world: the exercise of political power and authority within the realm of government structures course, participant will understand the following Course ...

Accounting for Spoilage, Rework and Scrap with Balanced Scorecard (London) Accounting for Spoilage, Rework and Scrap with Balanced Scorecard (London)

5 days, 24 - 28 Apr, 2017 

2017-04-24 12:04:00
United Kingdom

HRODC Postgraduate Training Institute

At the end of the course, delegates will demonstrate a tremendous advancement in their work related to the following course contents, issues and concepts: Spoilage, Rework and Scrap Basic ...