Euro Training Limited Training Programs, Workshops and Professional Certifications

2 Week Training Workshops
Providing Future Micro-Competencies for Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI

Audio version brochure
ACT800-2D
2 Week Training Workshop

PSAs Oil & Gas Accounting Skills

Building Hands-on Skills & Competencies in

  1. Oil & Gas Accounting Good & Best Practices
  2. Acquisition, Exploration & Development Costing
  3. Production Sharing & Costing Accounting Processes
  4. Allocation Accounting Good & Best Benchmarked Practices
www.eurotraining.com/bro/act800-2.php

2 Week Training Workshops

New Delhi 22 April-3 May 2024
(Classroom)
Kualalumpur, Malaysia 6-17 May 2024
(Classroom)
London 20-31 May 2024
(Classroom)
New York 3-14 June 2024
(Classroom)
Seattle, USA 17-28 June 2024
(Classroom)
New Delhi 1-12 July 2024
(Classroom)
Kualalumpur, Malaysia 15-26 July 2024
(Classroom)
New Delhi 29 July - 9 Aug 2024
(Classroom)
London 12-23 Aug 2024
(Classroom)
New York 26 Aug-6 Sept 2024
(Classroom)
Seattle 9-20 Sept 2024
(Classroom)
Istanbul, Turkey 23 Sept-4 Oct 2024
(Classroom)
New Delhi 7-18 Oct 2024
(Classroom)
Kualalumpur, Malaysia 21 Oct-1 Nov 2024
(Classroom)
New Delhi 4-15 Nov 2024
(Classroom)
London 18-29 Nov 2024
(Classroom)
New York 2-13 Dec 2024
(Classroom)
Seattle, USA 16-27 Dec 2024
(Classroom)
London 30 Dec 2024- 10 Jan 2025
(Classroom)

Useful Links


PDF Link  |  Center Full List  |  SEND EMAIL

What is Covered in this Training Workshop?

  1. This comprehensive program is designed to equip participants with the knowledge, skills, and ethical understanding required to excel as Purchase and Sale Agreements (PSA) Oil & Gas Accounting Professionals.
  2. This program covers foundational concepts, advanced techniques, strategic leadership, and emerging trends, participants will be well-prepared to handle complex accounting scenarios, ensure compliance, and contribute to the success of oil and gas organizations involved in PSA transactions.
  3. This PSA Oil & Gas Accounting Skills Training Workshop Builds Professionals who have the Understanding, Process Knowledge, Skills, Competencies, Management Insights, including Leadership, they will need to become True Expert Professionals in this area.
  4. This program provides the participant the necessary PSA Oil & Gas Accounting Technical and Business Understanding, Detailed Process Knowledge, Skills to Implement Good and Best Practices, Management Insights that help Organize, Plan, Delegate, Empower, Monitor Work and Performance, Mentor and Coach Staff, Effectively Communicate with the Stakeholders, Specify Data Analytics based Timely Performance Reporting and Insights, Steer the Team towards Continual Improvements, and possibly gain Professional Leadership Recognition.
  5. This program will help participant understand, prepare, analyze, manage and audit Oil & Gas Industry Accounting related to Joint Operations, Production Sharing Arrangements and Oil & Gas Facility Sharing.
  6. Program covers Costs, Revenue, Revenue Recognition Issues, Risk Management, Estimating, Sensitivity, Losses, Real Time Accounting Systems, Early Warning Systems for Problems, Custody Transfer Measurements, Taxes and Contractual Accounting Aspects.

Who Should Attend?

  1. This program is intended for Production Sharing Agreements (PSAs) Oil and Gas Accounting Professionals. This program will benefit Oil & Gas Accountants, PSA Administrators, PSA Billing approvers, Auditors, Executives, Management Analysts and Anyone Involved in Oil Field Accounting, Contract Administration, Joint Interest Operations and Management.
  2. Participants will include: Oil & Gas Industry Practitioners, Financial Managers and Executives, Legal and Contract Professionals, Regulatory and Compliance Personnel, Business Development and Negotiation Professionals, Consultants and Advisors, Government and Regulatory Authorities, Academics and Researchers, Aspiring Professionals

Workshop Program Content & Modules

PSAs Oil & Gas Accounting Skills


  1. Business Aspects of PSA Accounting
  2. Business Aspects of PSA Commercial Management
  3. Helpful Oil & Gas Technology for Accounting & Finance Professionals
  4. Helpful Oil & Gas Processes for Accounting & Finance Professionals
  5. Introduction to PSA Oil & Gas Accounting
  6. Overview of Purchase and Sale Agreements (PSA)
  7. Key Concepts in Oil & Gas Accounting
  8. Understanding Upstream, Midstream, and Downstream Operations
  9. Exploring Reserves, Production, and Revenue Recognition
  10. Regulatory Framework and Accounting Standards in Oil & Gas
  11. PSA Types and Structures
  12. Differentiating Between Various PSA Types (Fixed Price, Cost Sharing, etc.)
  13. Exploring Common Components of PSA Agreements
  14. Overview of Joint Operating Agreements (JOA) and Farm-Out Agreements
  15. PSA Accounting Fundamentals
  16. PSA Accounting Principles
  17. Accrual vs. Cash Basis Accounting for PSAs
  18. Revenue Recognition Methods and Timing
  19. Cost Allocation and Depletion in PSA Accounting
  20. PSA Revenue Recognition
  21. Determining When to Recognize Revenue
  22. Allocating Revenue Among PSA Participants
  23. Handling Royalties, Bonuses, and Production Sharing
  24. PSA Cost Accounting
  25. Identifying Direct and Indirect Costs
  26. Cost Allocation Methods and Principles
  27. Depletion, Depreciation, and Amortization (DD&A) Calculation
  28. Complex PSA Scenarios
  29. PSA Joint Interest Accounting
  30. Accounting for Joint Operations and Cost Sharing
  31. Calculating and Allocating Joint Venture Costs
  32. Partner Reporting and Financial Statements
  33. PSA Farm-Outs and Acquisitions
  34. Accounting for Farm-Out Agreements and Asset Acquisitions
  35. Handling Changes in Ownership and Participating Interests
  36. Implications for Financial Reporting and Cost Allocation
  37. PSA Decommissioning and Abandonment
  38. Program Recommendations
  39. Detailed Personalized Post Program PSAs Oil & Gas Accounting Improvement Action Plan

2 Week Training Workshop

Outcomes & Takeaways

Euro Training has been providing
  1. Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
  2. Multi-discipline understanding of Program Topics.
    Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
    This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
  3. Knowledge Framework which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
  4. Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.
This 2 Week Training Workshop participant will typically take away...
  1. Program related detailed knowhow, skills, competencies and process knowledge, and hands on practice on applying some of the key skills.
    This 2 week programs add depth to the program topics covered in the first week, by including additional discussions on (as applicable) Risks, Prioritization, Quality Assurance, Strategic Considerations, Process and Control Automations, Early Warning Systems, Performance Evaluation, Key Performance Indicators, Improvements, Benchmarking, Innovation, Disruptive Innovation, Risk Management, and Work Standardization.
    This program adds more case studies and hands on workshops to help apply what the participant has learnt during the program.
  2. Domain Knowledge, process knowledge, and hands on practice of decisions on actually job situations.
    The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
    At the end of the program, the Participant will prepare a Customized Detailed Action Plan which will serve as the roadmap to implement some key improvements in his work area.

Benefits to the Organization Sponsoring Participants to this program

(Benefits made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, easy to understand and apply training methodology that relies on Industry Good and Best Benchmarked Practices)

Participant Individual Career Benefits

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
  2. Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
    The detailed action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
    This program ensures you will learn about and understand the Strategic Alignment Aspects of your job (as relevant) and in the process enable you to understand how to make a leadership contribution in your work area, team, or organization.
  4. Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Analyze Value Engineering Opportunities, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, Consider Data Analytic Opportunities, Be mindful of Artificial Intelligence Opportunities, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, Consider need to perform Internal Training or Mentoring, Consider need for Setting-up an Internal Employee Certification System .... (and more multi-discipline aspects).

Registration Form

Fields marked with * are mandatory


Optional Fields


Registration Information 2 Week Training Workshop

  1. To register: Please send us an official letter confirming registration (on organizational letterhead). Also send us a completed registration form ?electronically fill-able is at- available at http://www.eurotraining.com/etl-reg-2w.doc You can request or registration form by Emailing regn@eurotraining.com and eurotraining@gmail.com
  2. For Program Fee Information Email: fees@eurotraining.com . Fees are Payable by Bank Transfer or Bank Draft. Fee information is available at: http://www.eurotraining.com/fees.pdf .
  3. Program Fee is
    • 2 week (60 hrs) Training Workshop:
      Classroom Training at Dubai, Kuwait, New Delhi, Qatar £6,990 (USD $8,900) per participant.
      Classroom Training at London, US Locations, Europe, Malaysia, Singapore £7,689 (USD $9,790) per participant.
      Online eTraining Fee £3,500 (USD $4,375) per participant.
    and includes Course Materials, Certificate, Refreshments and Lunch (classroom programs). www.eurotraining.com/admin/fees.php)
  4. Accommodation is not included in Program fee. Special rates will be available at venue hotel for the class room training program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Refund will not be considered where the participants cancels his registration less than 3 weeks before start of the program. Alternate nominations will be allowed anytime before program start. In case of exceptional hardship or emergency participant may be allowed to attend at another location.
  7. All participants are required to fill in Participant Information form - on first day of the program. Each program Undergoes Customization to Better Meet Participant Present and Future Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  8. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  9. Provisional Registration : You can make a provisional registration request by sending us an email with an official provisionsl registration request this will ensure we will reserve a seat for you for 14 days. After this you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Confirmation if registration is not confirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed.
  10. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.


Home Page


We are No. 1 in Incorporating Knowhow, Strategic Understanding, Good & Best Practices and AI in Most of Our Training Programs!!
1 Week Training Quick Access HTML Links

Data-Science-AI | Customer Focus | District Cooling | Power Generation | Power Transmission | Finance & Insurance | Human Resources & Training | Innovation | Logistics | IT & Business Automation | LNG & Gas | Maintenance | Management & Leadership | Mergers & Acquisitions | New Emerging Technologies | Front-Back Office | Intellectual Property | Performance Evaluation | Petroleum Drilling | Petroleum Management & Leadership | Pipelines | Petroleum Refining | Public Relations & CSR | Corporate Security & Safety | Soft Skills | Water & Waste-Water Treatment | Water Desalination |

2 Week Workshops Quick Access HTML Links

Data-Science-AI | Customer Focus | District Cooling | Power Generation | Power Transmission | Finance & Insurance | Human Resources & Training | Innovation | Logistics | IT & Business Automation | LNG & Gas | Maintenance | Management & Leadership | Mergers & Acquisitions | New Emerging Technologies | Front-Back Office | Intellectual Property | Performance Evaluation | Petroleum Drilling | Petroleum Management & Leadership | Pipelines | Petroleum Refining | Public Relations & CSR | Corporate Security & Safety | Soft Skills | Water & Waste-Water Treatment | Water Desalination |


Euro Training Limited

Whatsapp-USA:+15512411304

hmiller@EuroTraining.com | EuroTraining@gmail.com | regn@EuroTraining.com