The Oil and Gas Joint Venture Partner Reporting Training Course offered by Imperial Corporate Training Institute is a comprehensive professional course to enhance your skills in developing, managing and reviewing joint venture partner reporting in the Oil and Gas sector. Oil and Gas Joint Venture Partner Reporting Training Course will provide participants with an in-depth understanding of the financial, operational and compliance reporting requirements usually associated with Joint Ventures in the Oil and Gas industry.
Oil and Gas Joint Venture Partner Reporting Training Course focuses heavily on the accuracy of the Partner Reporting, and the alignment of the Partner Reporting with the Joint Operating Agreement (JOA), as well as the importance of financial audit processes in validating the reported figures. By utilising a detailed set of modules, real-life examples, and a structured framework to develop skills to assist in managing Reporting Risks, providing for resolution of Partner Discrepancies, and providing consistent, auditable Reporting to enable Governance and Decision Making in all Joint Ventures.
Objectives
By the end of this training course, participants will be able to:
- To understand the organization and structure of oil and gas JVs
- To understand and implement best practices related to Reporting of Joint Venture Partners;.
- To be able to read, understand and apply Joint Operating Agreements and Reporting Obligations,
- To provide accurate; Financial Reporting/Operating Reporting to Joint Venture Partners
- To identify common Reporting Risks with applicable mitigation strategies;
- To establish alignment between Partner Reporting; Internal Controls, and Compliance standards.
- To support the Financial Audit process through appropriately documented Reporting.
- To analyse relevant components of Cost Recovery, Revenue Sharing and Joint Venture Partner Contributions.
- To ensure increased Transparency; and Improve Consistency, of Multi-Partner Reporting.
- To increase Coordination of Finance, Operations and Partners Teams.
Target Audience
This course is designed for professionals involved in joint venture management and reporting within the oil and gas industry, including:
- Joint venture accountants and finance managers
- Partner reporting and cost recovery specialists
- Internal and external audit professionals
- Petroleum economists and financial analysts
- Commercial and contracts managers
- Project controllers and cost engineers
- Governance, risk, and compliance professionals
- Oil and gas professionals working with JV partners
- Senior supervisors overseeing reporting and audit coordination