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    • Class and Course
    1. NExT
    2. Business Management
    3. Exploration and Production Accounting - Level 3

    Exploration and Production Accounting - Level 3

    • Skill
    • 5 Days
    • classroom1Classroom

    This is a highly interactive workshop in which participants will work in small teams to study and analyze a series of five realistic scenarios that encompass a comprehensive examination of accounting issues unique to the upstream petroleum industry. 

    Participants will select accounting policies for the various activities that are introduced in the different scenarios, carry out the calculations for depreciation, decommissioning, impairment, and carried interest, enter into a Production Sharing Contract (PSC), and account for all of these activities in their books of account.

    Participants will be required to prepare a Profit & Loss (P&L) account, balance sheet, and cash flow statement at the end of each scenario. Participants will analyze their company’s accounts and make a presentation to the class on the final day of the program, highlighting their company’s performance and financial status.

    This course is suitable for finance and accounting personnel with a solid foundation of accounting skills, a detailed knowledge in upstream oil and gas activities, and who wish to expand their knowledge to cover all aspects of upstream activities. The course will also benefit financial professionals who require a better understanding and awareness of the key issues to be considered in upstream oil and gas accounting and finance.

    Participants should either have attended the Exploration and Production Accounting - Level 2 course or have extensive experience of oil and gas accounting.

    Currently there are no scheduled classes for this course.

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    SOLUTIONS

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    Individual

    COURSE OFFERINGS

    Petrotechnical

    Operations and Maintenance

    Energy Transition

    SLB Software

    Digital Technology

    Technical Challenges

    Health Safety and Environment (HSE)

    Business Management

    E&P Introduction and Fundamentals

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