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Petroknowledge

An Intensive 5 Day Training Course

Advanced Finance & Accounting Strategies
in the Oil & Gas Industry

Financial strategies relevant for the 21st Century

Print this Course

Code Date Venue Fee($)
FI105 04 - 08 Nov 2019 London - UK 5,950

*All fees are exclusive of VAT


Why Choose this Training Course?

In today’s competitive oil and gas industry, with volatile oil prices, demand and supply uncertainties, the need to reduce operating costs, whilst maintaining quality and safety, improving returns for investors and company stakeholders, what strategies should companies adopt to ensure sustainable growth?

Given the substantial capital costs, long lead times from exploration to sale and pressure to meet reserve replacement ratios, implementing and managing strategies in Oil & Gas finance and accounting are critical success factors. This Advanced Finance & Accounting Strategies course therefore focuses on the essential skills and techniques required to enable you to make appropriate strategic decisions to maximize profit, reduce costs and financial risks.

This PetroKnowledge training course will feature:


Training Objectives

What are the Goals?

By the end of the training course, participants will be able to:

  • Identify & evaluate the challenges facing the Oil & Gas sector now & in the future
  • Use skills & techniques to assist with key strategic decisions facing their company
  • Recommend appropriate financing decisions & make capital investment decisions
  • Advise on methods to eliminate or reduce financial risks facing Oil & Gas companies
  • Manage new projects/initiatives effectively, meeting Strategic Aims & Objectives

Target Audience

Who is the Training Course for?

This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:

  • Key Personnel in the Oil and Gas Industry
  • Accountants & Finance professionals responsible for financial accounting, treasury, budget preparation and management reporting
  • Process and non-technical professionals who require a more in-depth understanding of strategic issues facing the Oil & Gas sector now and in the future
  • Managers involved in making CAPEX decisions
  • Bankers and Professionals who work in Energy Lending

Training Methods

How will this Training course be Presented?

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes the evaluation of real-world case studies, examples from leading international Oil & Gas companies, using the latest techniques, group discussions as well as one-to-one support.

Throughout the course, you will be engaged in a number of activities forming an Action Plan for on-going discussion and implementation after the course. This is designed to improve your skills as well as knowledge and to ensure tangible benefits are seen within your organisation.

Daily Agenda

Day One: Strategic Issues facing the Oil & Gas sector

Competency Description: An understanding of the strategic issues currently facing the Oil & Gas sector is vital for the successful development and implementation of successful strategies

Key behaviours

  • Evaluating major strategic issues
  • Recommending appropriate action to address key issues
  • Evaluating volatility in the sector
  • Report findings

Topics to be covered

  • The Nature of the Oil & Gas sector
  • Current & Future challenges within the sector – a question of Supply & Demand
  • Volatility: Demand, Energy Prices, Exchange Rates, Interest Rates
  • Resources & Reserves and the need for Research & Development
  • Financial Issues impacting on Strategic Development and Growth

Day Two: Advanced Strategic Decisions

Competency Description: Having analysed the issues currently facing the Oil & Gas sector, Day Two provides the knowledge of the advanced strategies which may be adopted within the sector

Key behaviours

  • Evaluation of advanced strategies decision making
  • Exploring the analytical tools to assist strategic decision making
  • Analytical skills to analyse the impact of strategic decision making
  • Distinguishing between alternative growth strategies

Topics to be covered

  • Strategic Planning and Decision Making in a Volatile Market
  • Analytical Tools to Aid Strategic Planning and Decision Making
  • Diversifying Income Streams - Balancing Upstream, Midstream & Downstream
  • Growth Strategies: Exploration, Diversification, Vertical & Horizontal Integration
  • Mergers & Acquisitions, Joint Ventures, Production Sharing Agreements & Strategic Alliances

Day Three: Financing Strategies in the Oil & Gas Sector

Competency Description: Strategic decisions require financing. It is essential that you understand the most appropriate way of financing projects and growth. In addition, you need to ensure that strategies are financially viable.

Key behaviours

  • Evaluating appropriate methods of finance
  • Evaluating capital investment decisions to ensure viability
  • Forecasting cash flows and volatility
  • Modelling risk and uncertainty to aid decision making

Topics to be covered

  • Sources of Finance – the Optimum Capital Structure and the Cost of Capital
  • Capital Investment Appraisal: NPV, IRR, Modified IRR, Payback
  • Financial Forecasting and Analysis in Excel
  • Managing Uncertainty of Production, Prices, Capital Costs & Construction Delays
  • Modelling Energy Prices in Capital Budgeting

Day Four: Financial Risk Management Strategies

Competency Description: Controlling risk is essential to the sustainability and profitability of projects, you will gain the knowledge and skills to identify, monitor, manage and eliminate many of the financial risks facing your organization

Key behaviours

  • Evaluating the impact of risk to prioritise actions
  • Analysis of risk using Excel
  • Evaluation of risk management strategies
  • Reporting hedging strategies in accordance with IFRS

Topics to be covered

  • Developing and Implementing a Risk Management Strategy
  • Risk Analysis of Oil and Gas projects using Excel
  • Sensitivity Analysis, Sensitivity Charts & Scenario Analysis, Monte Carlo Simulation
  • Hedging Energy Prices; Interest Rates & Foreign Exchange Rates using Financial Derivatives
  • Accounting for Hedging Under IFRS

Day Five: Project Management to meet Strategic Aims & Objectives

Competency Description: Once strategies have been implemented, projects need to be managed. Day five focuses on the knowledge and skills to ensure the successful on-going management of projects

Key behaviours

  • Estimating project durations and costs
  • Making decision ensure successful completion of projects
  • Calculating and managing variances
  • Report writing

Topics to be covered

  • Estimating Activity Durations & Costs using Statistical and Probability estimates
  • Critical Path and Manpower Planning
  • Earned Value Analysis
  • Budgetary Control and Variance Analysis
  • Implementing & Managing Change, Suspension or Shut Downs

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Home » Courses » Finance, Budgeting & Accounting » Advanced Finance & Accounting Strategies in the Oil & Gas Industry
PetroKnowledge Training


Advanced Finance & Accounting Strategies
in the Oil & Gas Industry

Financial strategies relevant for the 21st Century


Code Date Venue Fees
FI105 04 - 08 Nov 2019 London - UK $5,950



Why Choose this Training Course?

In today’s competitive oil and gas industry, with volatile oil prices, demand and supply uncertainties, the need to reduce operating costs, whilst maintaining quality and safety, improving returns for investors and company stakeholders, what strategies should companies adopt to ensure sustainable growth?

Given the substantial capital costs, long lead times from exploration to sale and pressure to meet reserve replacement ratios, implementing and managing strategies in Oil & Gas finance and accounting are critical success factors. This Advanced Finance & Accounting Strategies course therefore focuses on the essential skills and techniques required to enable you to make appropriate strategic decisions to maximize profit, reduce costs and financial risks.

This PetroKnowledge training course will feature:


Training Objectives

What are the Goals?

By the end of the training course, participants will be able to:

Target Audience

Who is the Training Course for?

This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:

Training Methods

How will this Training course be Presented?

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes the evaluation of real-world case studies, examples from leading international Oil & Gas companies, using the latest techniques, group discussions as well as one-to-one support.

Throughout the course, you will be engaged in a number of activities forming an Action Plan for on-going discussion and implementation after the course. This is designed to improve your skills as well as knowledge and to ensure tangible benefits are seen within your organisation.

Daily Agenda

Day One: Strategic Issues facing the Oil & Gas sector

Competency Description: An understanding of the strategic issues currently facing the Oil & Gas sector is vital for the successful development and implementation of successful strategies

Key behaviours

Topics to be covered

Day Two: Advanced Strategic Decisions

Competency Description: Having analysed the issues currently facing the Oil & Gas sector, Day Two provides the knowledge of the advanced strategies which may be adopted within the sector

Key behaviours

Topics to be covered

Day Three: Financing Strategies in the Oil & Gas Sector

Competency Description: Strategic decisions require financing. It is essential that you understand the most appropriate way of financing projects and growth. In addition, you need to ensure that strategies are financially viable.

Key behaviours

Topics to be covered

Day Four: Financial Risk Management Strategies

Competency Description: Controlling risk is essential to the sustainability and profitability of projects, you will gain the knowledge and skills to identify, monitor, manage and eliminate many of the financial risks facing your organization

Key behaviours

Topics to be covered

Day Five: Project Management to meet Strategic Aims & Objectives

Competency Description: Once strategies have been implemented, projects need to be managed. Day five focuses on the knowledge and skills to ensure the successful on-going management of projects

Key behaviours

Topics to be covered

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© 2018. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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