An Intensive 5-day Training Course
Cash Calls in Oil & Gas Venture Operations
Identify, Explore, Evaluate and Analyze Cash Calls in the Joint Venture Business
Scheduled Dates
Classroom
| 07 - 11 Apr 2025 | London - UK | $5,950 | RESERVE A SEAT |
| 19 - 23 May 2025 | London - UK | $5,950 | RESERVE A SEAT |
| 26 - 30 May 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 04 - 08 Aug 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 29 Sep - 03 Oct 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 29 Dec 2025 - 02 Jan 2026 | London - UK | $5,950 | RESERVE A SEAT |
Online
| 29 Sep - 03 Oct 2025 | Online | $3,950 | RESERVE A SEAT |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.
Why Choose this Training Course?
In oil and gas projects, many of the international and national oil & gas companies are collaborating in Joint Ventures (JV). The purpose of a JV is to develop and produce oil and/or gas in an economically viable manner. It also assists oil and gas companies to mitigate the risk existed in different stages of life cycle of a field.
Billions of dollars are invested every year in the upstream projects. This huge amount of investments will be done mainly in accordance with the terms and conditions of a joint operating agreements (JOA), which imposes an obligation on all participants to contribute funds to shared activities. Fundamentally, a JV agreement requires all participants to pay their share of expenses (operating or capital) upon a cash call by the operator; however, should any of the investors fail to pay its share. Such a failure will normally constitute a “Default” under the terms and conditions of the JOA.
This PetroKnowledge training course has been designed to explain the basics of cash calling in JV contracts with practical accounting procedures and reporting; types of cash; fundamentals and workflows for cash calling in joint venture contracts; outstanding cash calls and repayment options; impact of cash default on joint venture operations and profitability. The PetroKnowledge training course also highlights critical issues relating to implementing oil and gas joint venture budgeting and auditing processes. Both the structural aspects of cash calling as well as real-world case studies will be discussed to illustrate the field application of the concepts in the training course.
What are the Goals?
This is a unique PetroKnowledge training course with the professional techniques that enables delegates from all financial and commercial disciplines to effectively understand the Cash Calling activities through the oil and gas joint venture. outstanding cash calls and repayment options, impact of cash default on the project viability, and disputes – are included.
The training course will also cover contract types, and it also outlines critical issues involved in making oil and gas joint venture successful and the accounting, budgeting and auditing practices involved
By the end of this PetroKnowledge advanced level training course:
- Delegates will be able to understand all the types of JV agreement in Oil & Gas industry
- Delegates will be able to understand the issues to negotiate and agree a JVCC Arrangement
- Delegates will be able to select the most appropriate forms of JVCC
- Delegates will learn, and how to administer it during the asset’s production phase.
- This advanced course will also equip attendees with the necessary knowledge to play a role in the JVCC Arrangement environment in an efficient and effective manner
Who is this Training Course for?
This PetroKnowledge training course is designed for:
- Chief Executive Officers
- Business/investment analysts
- Assets managers
- Operation managers
- Cost controllers
- Accounting executive/managers
- Financial reporting managers
- Oil and gas operators, joint venture operators
- Joint venture non-operators
- Joint venture accountants
- Government regulators
How will this Training Course be Presented?
This PetroKnowledge training course will utilize a variety of proven techniques to ensure maximum understanding, comprehension and retention of the information presented. This course is highly interactive involving delegates in the discussion, analysis of case studies and exercises. Where appropriate, these will include real issues brought to the training by delegates.
Organisational Impact
The training course is of direct relevance to the Oil & Gas sector and as a result the organizations will benefit greatly from their employee’s participation. The organization will gain from employees with:
- Understanding the nature of joint venture business structure and how to effectively perform the risks and benefits analysis in JV
- Identifying the processes in oil and gas joint venture accounting, budgeting, reporting and auditing.
- Exploring cash call types, Accounting and funding for oil and gas joint venture operations
- Analyzing cash calling and evaluation its impact in joint venture business
- Solving problems associated with cash calls in Oil & Gas join venture operations
Personal Impact
The training course will of personal benefit to delegates by providing you with a:
- Better understanding of the context and importance of the work you do
- Improved knowledge and skills to improve your effectiveness
- An ability to evaluate, analyse and recommend action
- Increased self-confidence and motivation at work
- Greater job satisfaction in providing quality support to management
- Greater ability to supervise, develop and motivate colleagues
Daily Agenda
Day One: Overview of Joint Ventures in Oil & Gas industry
- Overview of O&G industry today
- Types of joint venture and how to get into them
- Oil and gas joint venture principles
- Accounting for a joint venture
- Relationships with host governments
- Contrast of key drivers between IOCs and NOCs
Day Two: Financing Fundamental of Oil & Gas Joint Ventures
- Negotiating and formation of joint ventures
- Key accounting and financing provisions
- Joint venture funding, cash management, and billing requirements
- Techniques to effectively balance of cost, risk and reward
- The effects of recent oil price and regulatory trends impacting joint ventures
Day Three: Cash Calls in Oil & Gas Industry
- Overview of cash call types in oil and gas joint venture operations
- Financing petroleum by Cash Calls
- Joint venture budgeting & operating principles
- Cost concepts, Allocations, Costing by product and Activity based Costing in joint venture operations
- Process of cash call funding, account reconciliation and reporting
- Outstanding cash calls (deficit) and repayment options
Day Four: Requirements of Cash Calls in Oil and Gas Joint Venture
- Responsibilities of oil/gas of joint venture partners
- Managing Cash Call Statement
- Accounting for deficit cash calls
- Impact of cash default on operations and profitability
- Difference between a cash call & a Cutback
Day Five: Cash Call Practice & Improvement
- Cash Call Practice
- Cash Call Problems
- Refusal to pay a Cash Call
- Improvement to Cash Call Process
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
In Association With
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
