Oil & Gas E&P Operations Working Capital, Inventory & Accrual Accounting

Introduction

The program will be conducted by professions with varied and high-level industry experience in a classroom setting It will include class exercises which support and deepen participant effectiveness in their accounting treatment of
costs that have been accrued, incurred as inventory and for embedded as Working Capital.

Course content to include:

1. Introduction & Overview of Petroleum (Oil & Gas) Accounting
2. Overview of Oil & Gas (E&P) Operations Funding Models
3. Supervisory & Oversight Roles & Process of E&P Operations
4. Overview of Working Capital including inventory
5. Overview of Cost Accruals
6.  Accounting Treatment of Inventory in JV Operations Financial Performance
7. Accounting Treatment of Accruals in JV Operations Financial Performance
8.  Accounting Treatment of Carryover in Oil & Gas Accounting
9. Financial Performance of E&P Operations for Cash Call Reconciliations
10. Financial Performance of E &P Operations for Approval of Expenditure under JV operations & PSC/SC (For Cost Recovery)
11. Criticality, Composition & Roles of Sub-committees in Financial Performance of E&P Operations
12. E&P Operations Financial Performance Vetting & Approvals
13. Class Exercises
14. Case Studies – Live Data in relation to (12) above