Finance and Accounting for the Oil & Gas Industry

In today’s dynamic oil and gas market, with unpredictable oil prices, uncertain demand and supply, the need to minimize operational costs while preserving quality and safety, maximizing profits for shareholders and stakeholders in companies, there are strategies the company should adopt to ensure sustainable growth and this is what this training is aimed at teaching. Considering the high capital costs, longer lead times from exploration to sale and demand to reach reserve replacement levels, the development and management of Oil and Gas financing and accounting strategies are crucial success factors.

This training offers the necessary financial skills and expertise to empower participants to adequately develop suitable financing methods and to design, identify and review financial reports for the oil and gas sector. The training focuses on financial and accounting problems common to the industry including: Accounting approaches, IFRS 6 Exploration for and Evaluation of Mineral Assets and Accounting Reserves, Resources & Assets.

Course Objectives:

At the end of this training, participants will be able to:

• Describe and analyze the issues facing the Oil and Gas industry
• Apply knowledge and strategies to support major strategic decisions concerning their organization
• Propose effective finance decisions and capital expenditure decisions
• Recommend methods for eliminating financial risks affecting oil and gas companies
• Effectively handle new projects and achieve strategic objectives

Who should attend?

• Key professionals in the Oil and Gas industry
• Accounting and finance professionals responsible for financial accounting, treasury, budget planning and management reporting
• Technical and non-technical experts who need in-depth understanding of the strategic challenges facing the oil and gas sector

Delivery method: Lectures, discussions, syndicate work, case studies, role – play and group exercises. Audio – Visual aids will be used to reinforce these training and learning methods.

Venue: Dubai

Fee: $5, 000.00

Duration: 1 week

Course Date: June 12^th – 16^th, 2023