Oil and Gas Accounting and Performance Measurement Course in Istanbul

Connecting E&P Operations to Financial Results

In Exploration & Production, financial performance cannot be understood through accounting numbers alone. Reserves, production volumes, field development costs, price movements, contractual structures, decommissioning obligations, and government take all influence what eventually appears in the financial statements. For finance professionals working in oil and gas, understanding these connections is essential.

The Oil and Gas Accounting and Performance Measurement training course in Istanbul provides a practical understanding of accounting, financial reporting, and performance measurement across the upstream oil and gas lifecycle. It connects the operational realities of E&P activities with the accounting principles used to recognise costs, assets, revenues, provisions, and financial performance.

Across five focused days, you'll examine the application of IFRS and GAAP to exploration, development, production, and decommissioning activities. You'll also explore Production Sharing Contracts (PSCs), upstream asset accounting, impairment, reserves-based depreciation, Joint Venture accounting, and the financial implications of different fiscal regimes.

Beyond financial reporting, the programme develops your ability to interpret the numbers behind E&P performance. Using industry-specific KPIs, unit economics, cash flow measures, reserves indicators, and peer benchmarking, you'll learn how to evaluate both financial and operational performance and turn accounting information into more meaningful business insight.

What You Will learn

By the end of this Oil and Gas Accounting and Performance Measurement training course in Istanbul, you will be able to:

• Apply relevant IFRS and GAAP principles to upstream oil and gas activities.
• Understand how the E&P lifecycle influences accounting and financial reporting.
• Distinguish between major upstream cost categories and their accounting treatment.
• Understand Production Sharing Contract economics, including cost oil and profit oil.
• Account for exploration, development, production, and upstream assets.
• Evaluate impairment, decommissioning provisions, and reserves-based depreciation.
• Interpret E&P financial statements using industry-specific performance measures.
• Analyse CAPEX, OPEX, netback, lifting costs, and finding and development costs.
• Benchmark E&P companies using operational, financial, and reserves-based indicators.
• Understand the financial implications of fiscal regimes and Joint Venture arrangements.

Whether you're preparing financial reports, auditing upstream operations, evaluating investments, managing Joint Venture accounts, or reviewing company performance, this course will help you connect oilfield activity with financial results.