Accounting and Finance in Oil and Gas Industry
Available Date
Understanding Financial Performance Across the Oil and Gas Value Chain
Oil and gas companies operate in a capital-intensive environment shaped by long project cycles, commodity price volatility, complex contractual structures, and significant uncertainty in exploration and production. These factors create specialised accounting, valuation, reporting, and investment challenges that require a strong understanding of both finance and industry operations.
The Accounting and Finance in Oil and Gas Industry course provides participants with practical insight into how financial information is generated, interpreted, and applied across the oil and gas value chain. Across five days, participants explore upstream accounting, cost management, asset valuation, impairment, project economics, corporate finance, risk management, financial analysis, governance, and ESG-related considerations.
The programme connects accounting principles with real-world oil and gas decisions, helping participants interpret financial statements, evaluate investments, understand cost and fiscal structures, and support stronger financial planning and control.
You'll Learn How To
- Explain the financial structure of the oil and gas value chain.
- Understand how cash flows develop from exploration through production.
- Apply key oil and gas accounting principles under IFRS and US GAAP.
- Distinguish between exploration, development, and production costs.
- Compare successful efforts and full cost accounting approaches.
- Understand cost recovery mechanisms and fiscal regimes.
- Analyse accounting considerations for joint ventures.
- Evaluate reserves, production profiles, and their impact on asset value.
- Apply depreciation, depletion, amortisation, and impairment concepts.
- Understand accounting for decommissioning and asset retirement obligations.
- Evaluate oil and gas investments using NPV, IRR, PI, and sensitivity analysis.
- Understand WACC and capital structure considerations.
- Assess financial risk and hedging approaches.
- Interpret oil and gas financial statements and performance indicators.
- Understand governance, controls, compliance, and ESG-related financial reporting.
