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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

11 - 22 Sep, 2017  12 days

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GBP 10,000

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
London, UK Sep 11 - 22 Sep, 2017
GBP 10,000.00(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. We offer very attractive discount for groups)
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+44 7736147507; +44 1902 763607; +44 2071935906; +

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