Introduction to Oil & Gas Accounting 2015

Topics

• The primary differences between the two major oil and gas accounting methods, successful efforts and full cost accounting
• Financial analysis of oil and gas companies
• The way to record in the financial records the effect of oil and gas companies` exploration, development and production activities, including depreciation, depletion and amortization expenses and dismantlement, restoration and abandonment costs
• The fundamentals of the expenditure capitalization in the Oil Gas industry including specific capitalization issues related to finance costs
• How to calculate and evaluate a myriad of financial and operational metrics used to assess oil and gas firm`s exploration and production business, such as finding costs, reserve value added to spending ratio and other reserve-based metrics

Who should Attend

• Financial Analysts
• Executives and Managers from Upstream E&P Accounting
• Budgeting Analysts
• Financial Controllers
• Finance/Project Planning Analysts
• Auditors
• Production Sharing and Project Management
• Joint Ventures Analysts