The PSA/PSC Operational Audit and Compliance Training Course, offered by Imperial Corporate Training Institute, has been specifically created to provide professionals with both the knowledge base and the skills necessary to effectively carry out operational audits and ensure that they meet the requirements of applicable rules and regulations for the oil and gas industry.
In this course, participants will have the opportunity to gain a complete understanding of PSA/PSC auditing, including the operational frameworks within a PSA/PSC and regulatory standards for oil production operations. As part of the course, participants will learn how to assess operational efficiency, identify potential areas of non-compliance and develop and implement corrective actions to improve performance and transparency.
Participants in this course will receive a comprehensive education that incorporates both theory and practicality, with a significant emphasis placed on hands-on experience in conducting operational audits of PSA/PSC contracts. Through an exploration of industry standards and compliance protocols, participants will strengthen their ability to align their organization’s goals with the mitigation of risks and to provide assurance that the oil production activities of their organization will be carried out in a sustainable and compliant manner under the law. This course is intended for individuals interested in becoming experts in operational governance within the oil and gas sector, from recent graduates to those already working in the industry, and will be beneficial for both groups.
Objectives
By the end of this course, participants will be able to:
- An understanding of the principles related to operational audits is necessary when performing audits against PSA/PSC agreements.
- Developing the skills to monitor and evaluate oil production for efficiency and regulatory compliance.
- Identifying where there are weaknesses and risks in operational processes, then implementing strategies to mitigate these risks/gaps.
- Ensuring that all activities within the Oil & Gas Sector adhere to both local and international regulations related to compliance.
- Preparing a complete and thorough audit report that will serve as a resource for management decisions and regulatory bodies.
- Implementing the best practices of the Oil & Gas Industry for increasing Operational Transparency and Performance.
Target Audience
- Individuals working in the Oil and Gas Industry (such as Operational personnel, Financial personnel and Auditors) will find this course useful.
- Individuals working as Internal and External Auditors performing Operational Audits in Oil and Gas companies.
- Individuals working as Compliance Officers and Regulatory employees to ensure compliance with PSA and PSC agreements.
- Individuals working as Project Managers, Engineers and Operational Supervisors who wish to know about Compliance Standards in Oil Production.
- Individuals desiring to advance their career in areas of Oil & Gas Governance, Risk Management and Auditing.