Finance Management for Oil Companies

Start Date End Date Venue Fees (US $)
26 Oct 2025 Dubai, UAE $ 3,900 Register

Finance Management for Oil Companies

Introduction

Financial Accounting, Reporting & Business Support in the Oil and Gas Industry training seminar provides you with the latest financial knowledge and skills, through the evaluation of strategic issues and challenges facing the industry. It explores the internationally accepted accounting methods and techniques used in the Oil & Gas sector to report costs, asset values, and profit as well as techniques of financial evaluations. You will also examine the latest risk management techniques, enabling you to manage and control oil price, exchange rate, and interest rate volatility using derivatives.
This training course will feature:

  • An Analysis of the Major Strategic Issues affecting the Oil & Gas Industry
  • Key Financial Accounting Methods and Techniques
  • An Analysis of Joint Venture and Product Sharing Agreements
  • The latest Risk Management Techniques
  • The latest Project Management Techniques

Objectives

    By the end of this course, participants will be able to:

    • Evaluate the long term strategic issues facing the Oil and Gas industry
    • Analyse the financial, economic and commercial drivers
    • Evaluate performance using key financial accounting methods and techniques
    • Deliver more timely and useful information to decision makers
    • Improve project controls, measurement & performance reporting & overall corporate governance

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

  • Accountants and Finance Professionals responsible for financial accounting, treasury, budget preparation, and management reporting
  • Process and Non-technical Professionals who require a more in-depth understanding of financial accounting reporting, project management, and forecasting techniques
  • Financial Planners and Cost Analysts
  • Line / Unit Heads with direct planning and budgeting responsibility
  • Account Personnel and Business Consultants

Course Outline

DAY 1: Introduction to Financial Accounting in the Oil and Gas Industry

  • Nature & Features of the Oil & Gas Sector
  • The Latest Issues Facing the Oil and Gas Industry
  • The Principles of Oil and Gas Financial Accounting and Reporting
  • Definition of Reserves and Resources
  • The Roles & Responsibilities of the Finance Professional

DAY 2: Methods and Techniques of Accounting in Oil and Gas

  • International Accounting Standards for Oil and Gas Companies
  • Accounting Techniques in the Oil & Gas Sector
  • Accounting for Costs (all types in oil & gas)
  • Accounting for Assets and the Impact
  • Accounting for Revenue

DAY 3: The Specific Financial Information in Oil and Gas

  • International Financial Reporting Standards (IFRS) & GAAP Differences
  • Joint Ventures and Product Sharing Agreements
  • Financial Statements
  • Ratio Analysis and Interpretation
  • The profitability of Oil & Gas Companies

DAY 4: Evaluate Performance Measurement and Improve Efficiency

  • Advanced Financial Analysis
  • Evaluating Capital Investment using Various Financial Indicators: Payback, ARR, NPV & IRR
  • Comparative Analysis & Benchmarking
  • Earned Value Management for Oil And Gas
  • Evaluation of the Assets & Reserves of Oil & Gas Companies

DAY 5: Risk Management & Auditing

  • Understand the Market and Identify the Risks related to Oil & Gas Sector
  • Process of Risk Assessment
  • Compliance & Legal Requirments
  • The Board & Audit Committee - roles & responsibilities
  • Efficient Planning, Stability and Growth

Accreditation

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