top of page
%20(21)_edited_edi.png){kind=small}
Hydrocarbon Economics: Advanced Performance & Accounting
Sector:
Oil and Gas – General
Technical Focus Area:
Economics & Finance
About the Course
This course delivers a comprehensive exploration of accounting, financial reporting, and performance evaluation in the upstream oil and gas industry. It is specifically designed for professionals with a foundation in finance or accounting who are seeking deeper insights into how financial data drives operational decision-making and investor accountability.
The program covers technical areas such as joint venture accounting, production sharing, capitalization methods, and decommissioning liabilities — while also placing strong emphasis on performance measurement and benchmarking. Participants will learn how to align financial reporting with evolving regulations, international standards, and stakeholder expectations in the capital-intensive and high-risk environment of oil and gas exploration and production.
Learning Milestones
By the end of this course, participants will be able to:
- Interpret and apply accounting policies and reporting standards specific to upstream oil and gas operations.
- Understand the financial and operational implications of Production Sharing Contracts (PSCs), royalties, and joint venture structures.
- Analyze the impact of IFRS and GAAP convergence on reporting and performance metrics.
- Identify key financial elements across the oil & gas value chain, including asset valuation, depreciation, impairment, and decommissioning.
- Assess the structure and accuracy of financial statements to support transparency and investment decision-making.
- Apply industry-relevant performance indicators and benchmarking tools to evaluate corporate financial health.
- Strengthen decision-making using strategic accounting insights across capital sourcing, regulatory compliance, and risk management.
Professional Audience
This course is ideal for professionals working in oil and gas financial environments, including:
- Financial Controllers and Corporate Accountants
-Management Accountants and Treasury Officers
- Finance professionals in payables, receivables, inventory, and asset accounting
- Joint Venture Accountants and Audit Officers
- External and Internal Auditors
- Financial and Investment Analysts
- Government Financial Regulators and Inspectors
- Accountants transitioning into the oil & gas sector
Modular Syllabus
Financial Standards and Industry Reporting Practices
Key stakeholders in oil & gas financial reporting
Overview of investor communications, taxation, and royalties
Regulatory disclosures for listed oil & gas firms
Introduction to IFRS and GAAP frameworks in the E&P context
Impacts of financial standard convergence on company reporting
Reporting challenges under Production Sharing Contracts (PSC)
Course Dates & Prices
bottom of page