The Petroleum Economics Audit and Financial Compliance Training Course at Imperial Corporate Training Institute provides oil and gas professionals with a comprehensive financial audit appraisal and evaluation of their projects. Participants will develop an understanding of the flow of funds for all petroleum projects and will know how to perform financial reporting accurately and comply with regulatory requirements for their industry. The course provides case studies, which provide insight into how other firms have successfully completed valuation audits of their projects using best practices in the industry, enabling participants to successfully complete valuation audits themselves and optimize their financial decisions.
The course will focus on the analytical/strategic components of petroleum economics. Participants will learn to analyze the costs associated with operating a project and the methods used to recover those costs. The course content includes both theoretical concepts and practical applications of those concepts to real-world situations in order to provide participants with the tools necessary to define, implement and maintain their company’s financial compliance strategy, conduct thorough evaluations of the economics of their projects, and conduct cost recovery evaluations in accordance with the worldwide standards of the oil and gas industry.
Objectives
The primary objectives of this training course are:
- Get to know these concepts: Petroleum Economics and Compliance Frameworks in the Oil & Gas Sector.
- You’ll learn how to successfully perform Valuation Audits of Petroleum Projects.
- You’ll have the chance to evaluate and establish Cost Recovery methods across various Upstream and Downstream business functions.
- You’ll also develop skills in Economic Analysis and Evaluation to analyse project feasibility and determine the best fit in terms of Profitability.
- You’ll ensure the highest level of compliance with Regulatory Bodies/Industry Standards regarding Financial Auditing.
- Additionally, you’ll gain access to the tools and techniques of Financial Performance Reporting and Evidence-Based Monitoring and Optimization.
Target Audience:
- Oil and Gas Financial Auditors and Compliance Officers
- Petroleum Economists and Project Managers
- Individuals Engaged in the Areas of Budgeting, Accounting and Financial Planning for Energy Projects
- Consultants, Analysts and Decision-Makers Seeking Expertise in Petroleum Economics
- Individuals Considering Careers in Upstream, Midstream and Downstream OpCo’s (Preferred).