Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry

Transcription

1 An Intensive 5 Day Training Course Financial Accounting, Reporting & Business Support in the Oil and Gas Industry Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry Sep 2019, Dubai 08-OCT-18 This course is Designed, Developed, and will be Delivered under ISO Quality Standards

2 Financial Accounting, Reporting & Business Support in the Oil and Gas Industry Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry WHY CHOOSE THIS TRAINING COURSE? This training course 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. In addition, we will explore project management techniques in this exciting course designed to develop and enhance your skills and knowledge of this unique industry. This PetroKnowledge 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 WHAT ARE THE GOALS? By the end of this training 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 WHO IS THIS TRAINING COURSE FOR? This training course is suitable for a wide range of professionals but will greatly benefit: 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 HOW WILL THIS TRAINING COURSE BE PRESENTED? This PetroKnowledge training course will utilize a variety of proven techniques to ensure maximum understanding, comprehension and retention of the information presented. This course is highly interactive involving delegates in the discussion, analysis of case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

3 DAILY AGENDA Day One: Oil and Gas Industry Overview & the Role of Accounting and Finance Competency Description: An understanding of the major issues currently facing the Oil & Gas sector is vital for the success of your organization. Day one covers provides detailed knowledge of those issues. Evaluation of the major challenges facing the sector Discuss the role of finance professionals in the sector Assess the financial reporting framework Report findings The Nature of the Oil & Gas sector Current & Future challenges within the sector a question of Supply & Demand The Role of the Finance professional Various financial reporting frameworks Oil and Gas financial accounting and reporting principles Day Two: Oil and Gas Accounting Methods and Techniques Competency Description: We explore the Accounting Methods & Techniques most relevant to the Oil & Gas sector, accounting for costs, assets and revenue in accordance with IFRS Discussing the implications of IFRS on financial statements Calculating cost, asset and revenue values to appear in financial statements Reporting accounting policies Evaluating the policies adopted International Financial Reporting Standards (IFRS) & International Accounting Standards (IAS) relevant for oil and gas companies Specific financial accounting treatment in the Oil & Gas sector Accounting for Costs Acquisition; Exploration; Development & Production Accounting for Assets - Asset Recognition; Depreciation Depletion & Amortisation and Asset Retirement Accounting for Revenue Financial Accounting, Reporting & Business Support in the Oil and Gas Industry

4 Membership No.: Day Four: Risk Management Competency Description: The management of risk is essential to the sustainability and success of any organization. Day four provides the knowledge and skills to identify and manage risk. Identification of major risks Using Excel to assess risk statistically Evaluation of various hedging strategies Recommending policies and strategies to manage risk Day Three: Partnerships and Understanding Financial Information Competency Description: The understanding of financial statements provides an understanding of business and an ability to evaluate performance in terms of liquidity, profitability and efficiency. Day three provides the skills to enable you achieve this to benefit your decision making and future performance Debating issues concerning Partnerships and Joint Ventures Analysis of financial statements Benchmarking your organization Recommending actions to improve performance Joint Ventures and Product Sharing Agreements Financial Performance, Position and Cash Flow Statements Ratio Analysis and Interpretation Analysing and Interpreting Energy Specific Ratios Comparative Analysis & Benchmarking Understand the Market and Risks Importance and Application of Risk Management Hedging using Derivatives Developing and Managing Contingencies Probabilistic Methodology using Monte Carlo Simulation Day Five: Capital Contracting and Project Performance and Reporting Competency Description: Day five enables you to identify business needs, implement and manage projects to successful completion, using forecasting and project management techniques. Identification of business needs Estimating the Project Lifecycle Forecasting revenues and costs Report writing Identify The Business Needs & Developing, Measuring And Reporting KPI s Project Lifecycle and Project Planning/Management Probabilistic Methodology Using Monte Carlo Simulation Developing and Challenging A Cost Estimate Earned Value Management for Oil and Gas QUALITY CERTIFICATION Member of Clear Concepts. Clean Environment. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc. Financial Accounting, Reporting & Business Support in the Oil and Gas Industry

5 Financial Accounting, Reporting & Business Support in the Oil and Gas Industry Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry 4 DATE VENUE FEE($) Sep 2019 Dubai - UAE 4,950 This fee is inclusive of Documentation, Lunch and Refreshments Please use BLOCK CAPITALS to fill in this form. It is important that you read carefully through all information before starting to complete the form. REGISTRATION DETAILS Family Name: First Name (Mr./Ms.): Position: Company: Mailing Address: Telephone: Mobile: Fax: AUTHORISATION Authorisation By: Position: Company: Mailing Address: Telephone: Mobile: Fax: IN-HOUSE TRAINING Maximize your training budget and have several members of your staff, who require specific training, to attend with the advantage of not incurring additional travel costs when attending a public training courses & seminars. Would you like a PetroKnowledge training course delivered at a time or location to suit you? Would you like PetroKnowledge to tailor a course from our comprehensive library of programmes? Or would you like us to create an entirely new, bespoke course to suit the exact needs of your organisation? Working in partnership with our clients, PetroKnowledge provides an enjoyable, creative learning experience that enables participants to develop their skills and knowledge. We can deliver not only generic, off-the-shelf courses from our extensive learning portfolio, but we can provide tailored as well as bespoke learning on any aspect of skill development or knowledge. Our in-house courses are conducted by the same expert trainers who conduct PetroKnowledge public courses so you can be assured they will fulfill the learning objective of any organisation

6 BOOKING TERMS & CONDITIONS Booking Bookings for courses can be made via our website (petroknowledge. com) or by contacting our Registration Desk on or at reg@petroknowledge.com For on-line bookings, please select the course that you require and click on the Register Now button, following the instructions step by step Upon receipt of booking in order, enrollment on the respective training course will be confirmed by Registration Team with all necessary documentation Invoicing and Payment Our fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation charges are not included in the course fees Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted Invoices will be sent via /courier to the ID/name and address provided We prefer to have the fees payment in our account before the start of training course. However, if your company has a different payment policy, the same should inform us in advance The currency of fees is in US Dollars (USD). Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the Invoice Please note that we do accept payment by cash, in USD or AED, only for the last minute bookings Cancellation of Courses It may be necessary for PetroKnowledge to amend or cancel any course, course times, instructors, dates or published fees due to unforeseen circumstances and we reserve the right for such changes Any amendments will be advised before the course start date and any bookings already paid in full will not be subject to increased fees Cancellation by Client Once you have completed your booking, received your confirmation of enrollment and a dated payment Invoice, you are deemed to have a contract with PetroKnowledge. You reserve the right to cancel this contract given the below terms All cancellations must be received in writing at reg@petroknowledge. com and info@petroknowledge.com at least 14 days prior to the training After the cancellation period has expired, consideration may be given, on a case to case basis, if a registered delegate nominates a substitute on the same course, shifts to next session of the course or moves to a new course For a cancellation request made on or before the statutory 14 day cancellation period, a refund may be given or a credit note issued which can be used against future course fees A 25% administration fee (of the total course fee at the time of booking) will be charged for any cancellations made outside of the statutory cancellation period Attendance Certificate OFFICES: Middle East: P.O. Box: , Abu Dhabi, U.A.E. Tel: Europe: AB25 1HF, 1Berry Street Aberdeen, Scotland, UK Tel: USA: Pennzoil Place 700 Milam, Suite North Tower Houston, Texas 77002, USA Tel: E: info@petroknowledge.com The daily course schedule should be accurately followed to ensure undeterred implementation of our training All delegates, who participated in their course throughout, will receive the Certificate of Completion on the last day Please report any foreseeable absences to a PetroKnowledge representative or to your sponsors directly An absence of three (3) or more sessions of the course will invalidate your eligibility for the Certificate of Completion Follow us on: