Key Personnel in the Oil and Gas Industry
Accountants & 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 strategic issues facing the Oil & Gas sector now and, in the future,
Managers involved in making CAPEX decisions
Bankers and Professionals who work in Energy Lending.
Oil and Gas Industries.
By the end of this course the participants will be able to:
Identify & evaluate the challenges facing the Oil & Gas sector now & in the future.
Use skills & techniques to assist with key strategic decisions facing their company.
Recommend appropriate financing decisions & make capital investment decisions.
Advice on methods to eliminate or reduce financial risks facing Oil & Gas companies.
Manage new projects/initiatives effectively, meeting Strategic Aims & Objectives.
The Nature of the Oil & Gas sector.
Current & Future Challenges within the Sector - A question of Supply & Demand Volatility: Demand, Energy Prices, Exchange Rates, Interest Rates.
Resources & Reserves and the need for Research & Development.
Financial Issues Impacting on Strategic Development and Growth.
Latest Events in the Oil & Gas and Petrochemical Sectors - price volatility and supply & demand changes
Managing the Macro-economic Factors, e.g., interest rates, exchange rates, oil prices
Resources & Reserves
Strategic Choices currently facing the Sector
Capital Investment Issues
Performance across the Sector.
Revenue Recognition
Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
The Crack Spread – issues facing Refineries and Petrochemical companies
Break Even Oil, Cost Oil & Profit Oil
IFRS in Relation to the Oil & Gas Sector and Petrochemical Sector
IFRS 6 Exploration & Evaluation of Mineral Assets
IAS 16: Property, Plant and Equipment
Depletion, Depreciation & Amortization (“DD&A”).
IAS 36: Impairment of Assets.
IAS 37: Provisions, Contingent Liabilities and Contingent Assets.
IAS 38: Intangible Assets.
IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement.
Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
Cashflow Analysis and Its Importance in the Oil & Gas sector
Dupont Analysis – Evaluating and Improving Return on Equity (ROE)
Evaluation of Share Price and Investment Performance
Evaluating the Financial Performance of Leading International Companies in the Sector
Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and The Impact for Refineries and Petrochemical Companies.
Finding; Development & Production Capability & Efficiency.
Evaluating the Operational Performance of Leading International Companies in the Sectors.
Earned Value Added Analysis of Projects.
Evaluating the Fiscal Budgets of Oil & Gas Producing Countries.
National / Government Measures of Efficiency & Performance.