Courses

• Understanding the nature of costs and cost drivers in the E&P industry through the Field Life Cycle 
• Purpose of the Budget. Planning and Budgeting models. The Strategic and Medium-term plan.
• Using budgets to make effective decisions. Prepare and understand costs in planning, budgeting & forecasting processes e.g. fixed / variable, CAPEX / OPEX and routine / non-routine.
• Cost Accounting. Importance of timely cost capture and accurate recording e.g. VOWD / accruals, consistency of coding and clarity on accountability
• Strategic solutions in delivering cost optimization – do more for less
• Management of costs in PSC and JV environments. Avoiding cost leakage and ensuring audit preparedness
• Cost Control Framework - budgets, AFEs, progress reports and variance analysis. Understanding key components and ensuring seamless interaction
• Cost Performance Reporting - use of KPI's, variance analysis and trend analysis. Tracking and monitoring cost optimization initiatives and targets.

• Finance staff with accounting and financial management responsibilities
• Those responsible for devising budgets, managing and controlling budgets
• Professionals engaged in planning, budgeting and management reporting
• Finance & Audit staff engaged on cost and financial controls
• Business unit managers and personnel whose responsibilities include cost management, controlling budgets and performance reporting

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