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6 Day Training (including 1 day Workshop)

Oil & Gas Accounting and Commercial Management for PSAs

Building 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/act800-6.php

6 Day Training (including 1 day workshop)

6 Day ONLINE Training
5 Day Training & 1 day Workshop



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What is covered in this Program?

  1. This program will help you understand, prepare, analyze, manage and audit Oil & Gas Industry Accounting related to Joint Operations, Production Sharing Arrangements and Oil & Gas Facility Sharing. 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.
  2. Program covers all aspects of Oil & Gas Industry Costs, Production Sharing Agreement Accounting and Auditing, Issues of Allocability, Allowability, Classification, Reasonableness and Application of Oil & Gas Production Costs. IFRS 6 and US GAAP are benchmarked throughout the program.

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. This program is also intended for Supervisors & Managers who wish to Gain Value Engineering Insights on PSAs.

Program Content & Modules


Oil & Gas Accounting and Commercial Management for PSAs


  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. Production Sharing Agreement Important Contract Conditions for Accounts & Finance Professionals
  6. Oil & Gas Accounting and Finance Processes on PSAs
  7. Understanding Exploration Costs & Accounting Processes
  8. Understanding Acquisition Costs & Accounting Processes
  9. Understanding Drilling & Development Costs and Accounting Processes
  10. Proven Reserve Valuation Methods
  11. Tax & Royalty Obligations and Processes on PSAs
  12. Production Sharing Accounting Processes and Approvals
  13. Legal & Regulatory Requirements for PSA Accounting
  14. Understanding PSA Accounting & Finance Process KPIs
  15. Program Recommendations & Next Steps
  16. 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 & Fee Information

  1. Fee information: PROGRAM-FEE-PAGE   Special Discounts May be Available Please email scholarships@eurotraining.com.
  2. To register please send us an official letter confirming registration (on organizational letterhead or company email), or, send us a completed registration form above. GET MSWORD REGISTRATION FORM .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • Program Fee for 6 Day ONLINE Training $3000 per participant.
    Fee includes Course Materials & Certificate.
  4. Fee includes 1 year Free Access to Program Related Ai System.
  5. A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Cancellation & Date Change: No Fee Refund if participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed if requested atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date on payment of 10% of fee.
  7. All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
  8. Each program Undergoes Customization to Better Meet Participant Present and Future Job and Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  9. 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.
  10. Provisional Registration : You can make a provisional registration request by sending us an email using an official email account. Provisionsl registration request, when confirmed by Ai Knowledge Systems, will reserve a seat for you for 14 days. After our Confirmation 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 Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.
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Why Euro Training USA Limited?

  1. We are your dependable source for Ai Knowhow and Human Resource Development for your Business Unit.
  2. When you are looking for Job Related Understanding, Ai Leveraging Opportunities, Practical Understanding, Strategic View, Operational Excellence, Customer Focus these Training Programs from Euro Training should be your First Choice!!
  3. We are also No. 1 in Incorporating Latest Technologies, Good & Best Management Practices in Our Training Programs!!

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