The Imperial Corporate Training Institute has created a specialist professional training programme for Production Data Auditors through its Production Sharing Agreement Training Course. This course is comprehensive of the contractual, technical, and auditing aspects of Production Data Audit. The oil and gas industry relies heavily on Production Data as the basis for calculation of Contractor Revenue, Government Entitlement, Profit Oil and Cost Recovery, therefore an inadequate ability to Audit and Maintain the Integrity of Production Data increases the risk of significant financial liability, disputes and/or breaches of regulations. Through this course, participants will learn an enhanced range of Structured Approaches for Validating, Analysing and Auditing Production Data through the Upstream Lifecycle.
The course emphasises the Technical, Contractual, and Audit Dimensions of Production Measurement, Allocation, Reporting and Reconciliation under a PSA. Participants will learn about the full Production Data path from Field Measurement Systems to Financial & Contract reports, and how Auditors can validate the accuracy of Production Data. Utilising a combination of PSA Provisions, International Measurement Standards and Real Life Auditing Examples, participants will learn to successfully conduct Production Data Audits that support Transparency, Accountability and Informed Decision Making in Oil and Gas Operations.
Objectives
By the end of this training course, participants will be able to:
- Know how production information plays into the Production Share Agreement
- Understand the production measurement, allocation and reporting requirements outlined in the PSA Clauses.
- Utilise a structured auditing approach as a means to ensure the accuracy of production information.
- Recognise areas where there may be risk, error or inconsistency with the systems that are used to report production data.
- Evaluate the reliability of technical metering equipment, allocation and reconciliation processes.
- Increase the accuracy of audits through improved data validation techniques.
- Evaluate compliance with contract, regulatory and industry standards.
- Enhance the quality and quantity of audits and documentation related to production data.
- Minimise disputes that arise from production data that is either inaccurate or incomplete.
- Facilitate improved coordination between technical, commercial and auditing functions.
Target Audience
This oil and gas training course is designed for professionals involved in upstream operations, governance, and assurance, including:
- Petroleum and production auditors
- Internal and external audit professionals
- Government auditors and regulators overseeing PSAs
- Petroleum engineers and production engineers
- Joint venture and PSA accountants
- Contract administrators and compliance officers
- Energy economists and analysts
- National oil company professionals
- Ministry of energy and hydrocarbons staff
- Legal and commercial professionals involved in PSA oversight