Audio version brochure
PIM830-6
6 Day Training (including 1 day Workshop)

Petroleum Physical Inventory & Stock Accounting Management

1 Day Workshop and Building Skills & Competencies in

  1. Hydrocarbon Production and Delivery
  2. Tank Farm Management
  3. Lifting & Export Management
  4. Effective Real Time & Proactive Measuring & Monitoring
www.eurotraining.com/bro/pim830-6.php

6 Day Training (including 1 day workshop)

27 Aug-1 Sept 17
(Dubai, UAE)
3-8 Sept 17
(Dubai, UAE)
10-15 Sept 17
(Dubai, UAE)
17-22 Sept 17
(Dubai, UAE)
17-22 Sept 17
(London, UK)
24-29 Sept 17
(Dubai, UAE)
24-29 Sept 17
(Madrid, Spain)
1-6 Oct 17
(Dubai, UAE)
1-6 Oct 17
(Valencia, Spain)
8-13 Oct 17
(Dubai, UAE)
8-13 Oct 17
(Limassol, Cyprus)
15-20 Oct 17
(Dubai, UAE)
15-20 Oct 17
(Istanbul, Turkey)
22-27 Oct 17
(Dubai, UAE)
22-27 Oct 17
(New Delhi)
29 Oct-3 Nov 17
(Dubai, UAE)
29 Oct-3 Nov 17
(Doha, Qatar)
5-10 Nov 17
(Dubai, UAE)
5-10 Nov 17
(Kuwait)
12-17 Nov 17
(Dubai, UAE)
12-17 Nov 17
(New York, USA)
19-24 Nov 17
(Dubai, UAE)
19-24 Nov 17
(Houston, USA)
26 Nov-1 Dec 17
(Dubai, UAE)
26 Nov-1 Dec 17
(Orlando, FL, USA)
3-8 Dec 17
(Dubai, UAE)
3-8 Dec 17
(Los Angeles, CA, USA)
10-15 Dec 17
(Dubai, UAE)
10-15 Dec 17
(San Francisco, USA)
17-22 Dec 17
(Dubai, UAE)
17-22 Dec 17
(London, UK)
24-29 Dec 17
(Dubai, UAE)
24-29 Dec 17
(New York, USA)
31 Dec 17 - 5 Jan 18
(Dubai, UAE)
31 Dec 17 - 5 Jan 18
(Limassol, Cyprus)

Useful Links


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What is Covered in this Program

  1. This program provides participants the Multi-discipline knowhow for Effective and Efficient Physical Accounting and Management of Petroleum Movement Logistics.

    Integrity and Loss Prevention is very critical as accompanying financial losses can be substantial.

    Program will discuss methods to monitor on-hand inventories on Real Time or Near Real Time Basis.
  2. The program covers Hydrocarbon Movement Processes, Production Accounting, Transportation and Pipeline Losses, Tank Farm Management, Estimation Systems and Calculations, Forecasting and Statistical Methods, Metering and Custody Transfer, Tank Gauging, Calibration, Reporting and Trending, Identifying Losses, Automation Opportunities, Strategic Aspects, Optimization and KPI's.

    Program also covers Legal & Regulatory Aspects. The program introduces participant on how to Leverage Data Analytics and Artificial Intelligence to establish an Efficient, Effective, Real Time and Proactive Inventory and Stock Accounting Management System.

    This program will help Implement Good Practices, Best Benchmarked Practices, Improvements and Data Analytics Based Petroleum Physical Inventory Systems.

Who Should Attend

  1. This program is intended for all Petroleum Physical Accounting Professionals and Management.
  2. This program is also recommended for Petroleum Accounting interacting professionals from Finance, Contract, Marketing, Audit, Logistics, Performance Evaluation, Fraud Prevention and Executive Management.

Program Content & Modules

Petroleum Physical Inventory & Stock Accounting Management


  1. Tank Farm Business Aspects and Implications on Production
  2. Hydrocarbon Physical Accounting Business Aspects
  3. Legal, Regulatory & Contractual Aspects of Petroleum Accounting
  4. Tank Farm Processes
  5. Hydrocarbon Production Processes for Petroleum Inventory Professionals
  6. Contractual & Regulatory Arrangements & Liabilities
  7. Hydrocarbon Movement Processes
  8. Hydrocarbon Production Accounting Systems
  9. Transportation and Pipeline Losses
  10. Receipts to Tank Farm Management
  11. Tank Farm Stock Management
  12. Lifting and Export Management
  13. Estimation of Quantities Systems and Calculations
  14. Forecasting and Statistical Aspects
  15. Hydrocarbon Metering Systems & Problems
  16. Custody Transfer Systems
  17. Storage Tank Measurements & Gauging
  18. Ship Tank Measurements & Gauging
  19. Tank Calibration Aspects
  20. Real Time On-hand Inventory Reporting
  21. Reporting and Trend Reporting
  22. Evaluating Root Causes of Variations
  23. Ensuring Integrity of System
  24. Preventing and Identifying Losses
  25. Fraud Prevention
  26. Knowledge Management for Decision Support
  27. Process Automation Technologies and Management
  28. Real Time Systems
  29. Ensuring Real Time or Near Real Time Transaction Recording
  30. Labelling, QR Coding and Remote Monitoring Storage Locations
  31. Using Hand-Held Automatic Data Uploading Devices
  32. Training and Sensitize Staff to Inventory Accounting Data Inputs
  33. Periodic Physical verification of Automated Measured Inventory
  34. Understanding & Implementing Meaningful Inventory Reporting
  35. Leveraging Data Analytics & Artificial Intelligence for Decision Support
  36. Remote Data Access Systems
  37. Auditing Inventory & Stock Accounting
  38. Program Recommendations & Next Steps
  39. Participant Customized Detailed Action Plan

6 Day Training (including 1 day 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 outline which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
  4. Participant will learn to identify, support and implement improvements in his work area, team, section, department, and organization.
    Participant will work hands-on during the 1 day workshop where he will identify, analyze and develop implementation plan for an improvement project related to his work.
This 6 day Training participant will typically take away...
  1. Program related knowhow, skills, competencies and process knowledge.
    This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
    A 1 day improvement identification and implementation workshop.
  2. Domain Knowledge and process knowledge.
    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 Outline 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 outline 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.
  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, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).

Registration Form

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Registration Information 6 Day Program

  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-6d.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 also available at: http://www.eurotraining.com/fees.pdf .
  3. Program Fee is
    • 6 day (36 hrs) Training Program:
      At Dubai, Kuwait, New Delhi, Qatar £5,100 (USD $6,500) per participant.
      At London, US Locations, Europe, Malaysia, Singapore £5,610 (USD $7,150) per participant.
      Online eTraining Fee £2,500 (USD $3,125) 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.