Upstream Oil and Gas Accounting and Contracts

HRODC Postgraduate Training Institute
In Central London (Grossbritannien)

5001-6000

Wichtige informationen

  • Training
  • Advanced
  • Central london (Grossbritannien)
  • 36 Lehrstunden
  • Dauer:
    6 Days
  • Wann:
    Freie Auswahl
Beschreibung

Limited Objectives: By the conclusion of the specified learning and development activities, delegates will be able to. Demonstrate an understanding of the oil and gas industrial and the activities of each subsector. Demonstrate an awareness of the salient issues associated with the development of the United States oil and gas industry, as a mark car to International oil and gas exploration developments and it mining operations.
Suitable for: This course is specifically designed for: Finance Directors and Managers. Financial Controllers. Chief Accountants. Treasury Officers. Asset Accountants. Joint Venture Accountants. Management Accountants. Internal and External Auditors. Government Regulators. Financial Analysts. Public Accountants. Government Regulators. Financial Analysts. Public Accountants. Government Ministers. Chief Executives. Managing Directors. Engineers and Geologists. Drilling and Refinery Managers. Marketing and Sales Directors and Managers

Wichtige informationen

Voraussetzungen: Degree or Work Experience

Veranstaltungsort(e)

Wo und wann

Beginn Lage
Freie Auswahl
Freie Auswahl
Central London
Carburton Street, W1W 5EE, London, Grossbritannien
Plan ansehen

Was lernen Sie in diesem Kurs?

Contracts
Accounting
IT
Sales
Oil and Gas
Gas
International
Accounting MBA
Finance
Financial
Public
Property
Industry
Government
Accountants
Financial Training
IT Development
Sales Training
Production
Exploration Methods and Procedures
Acquisition of Mineral Interests in Property
Oil and Gas Drilling Operations
Oil and Gas Production and Sales
The Concept of Peak Oil
Successful Efforts Accounting
Full Cost Accounting
Non-Drilling and Drilling Costs
Post Balance Sheet Events
Delinquent Tax and Mortgage Payments
Test-Well Contributions
G&G Costs
Oil and Gas Subsectors
Maximum Efficiency Drilling Rate (MER)
Natural and Artificial Lifts
Oil and Gas Accounting
Seismic Exploration
Oil Gas and Mineral Lease Provisions
Origin of Petroleum

Themenkreis

Course Contents, Concepts and Issues:

Upstream Oil and Gas Operations
  • Introducing the Oil and Gas Industry
  • Brief History of the U.S. Oil and Gas Industry
  • Origin of Petroleum
  • Anticline
  • Exploration Methods and Procedures
  • 3-D Seismic
  • 4-D Seismic
  • Acquisition of Mineral Interests in Property
  • Mineral Rights
  • Mineral Interests
  • Fee Interests
  • Overriding Royalty Interests (ORI)
  • Retained ORI Production Payment Interest (PPI)
  • Dutch Carved-Out Production Payment
  • Carved-Out Net Profits Interest Created From Working Interest
  • Net Profits Interest Created From Mineral Interest
  • Oil, Gas and Mineral Lease Provisions
  • Lease Bonuses
  • Royalty Provision
  • Primary Term
  • Delay Rental Payment
  • Shut-In Payment
  • Right To Assign Interest
  • Right To Free Use Of Resources For Lease Operations
  • Option Payment
  • Offset Clause
  • Addressing Problems and Issues Associated with Upstream Oil and Gas Operation
Introduction to Oil and Gas Accounting (1)
  • Oil and Gas Drilling Operations
  • BOP (Blowout Preventer)
  • Bottom-Hole Pressure
  • Bottom-Hole Pump
  • Drill String
  • Rat Hole
  • Mouse Hole
  • Drilling Platform
  • Drilling Rig
  • Proved Area
  • Drill Stem Test
  • Derek and Derek Hands
  • Cracking
  • Field
  • Christmas Tree
  • Sedimentary Rock
  • Seismic Exploration
  • Development Well Flowing Well
  • Injection Well
  • Offset Well
  • Stratigraphic Well
Introduction to Oil and Gas Accounting (2)
  • Stratigraphic Test Well or Exploratory Well
  • Service Well
  • Dry Hole
  • Dual Completion
  • Dry Natural Gas
  • Natural and Artificial Lifts
  • Oil and Gas Production and Sales
  • Some State and US Federal Oil and Gas Drilling Regulation
  • Maximum Efficiency Drilling Rate (MER)
  • The Concept of Peak Oil
  • Historical Cost Accounting Methods
  • Historical Development of Accounting Methods and Current Status
  • Introduction to Successful Efforts Accounting
  • Chart Accounts for Successful Efforts Company
  • Oil and Gas Subsectors – Upstream, Mid-Stream And Downstream
  • Horizontal, Vertical and Full Integration within the Oil and Gas Industry
  • Addressing Problems Associated with Oil and Gas Accounting
Nondrilling Exploration Costs – Successful Efforts
  • Introduction to Full Cost (FC) Accounting
  • Distinguishing between Non-Drilling and Drilling Costs
  • Cost of Identifying Areas that Might Warrant Exploration
  • Cost of Topographical, Geological and Geophysical Studies
  • Cost of Carrying and Retaining Undeveloped Properties
  • Dry Hole Contribution
  • Cost of Drilling and Equipping Exploratory Well
  • Cost of Drilling Exploratory Type Stratigraphic Test Well
  • Successful Efforts– Exploration Cost
  • Accounts for a Full Cost Company
  • G&G Costs
  • Reconnaissance Survey
  • Detailed Survey
  • Shooting Rights
  • Obtaining G & G Permits
  • Exchanging C & G Studies for Property Interest
Acquisition Costs of Unproved Property – Successful Efforts
  • Carrying and Retaining Costs
  • Delayed Rental Property Taxes
  • Legal Cost for Title Defense
  • Clerical and Record-Keeping Costs
  • Test-Well Contributions
  • Dry Hole Contribution
  • Bottom-Hole Contribution
  • Support Equipment And Facilities
  • Problems
  • Offshore and International Operations
  • Purchase in Fee (Fee Purchase)
  • Internal Costs
  • Options to Lease
  • Delinquent Taxes and Mortgage Payment
Acquisition Costs of Unproved Property – Successful Efforts
  • Successful Efforts Acquisition Costs
  • Internal Costs
  • Options to Lease
  • Delinquent Tax and Mortgage Payments
  • Top Leasing
  • Amortization
  • Amortization of Exploration and Development Costs of Proved Developed Reserves
  • Impairment
  • Disposition of Capitalized Costs – Impairment of Unproved Properties
  • Disposition of Capitalized Costs – Surrender or Abandonment Of Property
  • Post Balance Sheet Events
  • Disposition of Capitalized Costs – Reclassification Of An Unproved Property
  • Land Department
  • Addressing Issues and Problems in Unproved Property Acquisition Costs

Zusätzliche Informationen

HRODC Postgraduate Training Institute is registered with the UK Registry of Learning Providers (UKRLP) of the Department for Business, Innovation and Skills (BIS), formerly Department of Innovation, Universities and Skills (DIUS). Its registration number is 10019585 and can be verified at http://www.ukrlp.co.uk/