An Intensive 5-day Training Course
Finance for Non-Financial Professionals
in the Oil & Gas Industry
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
We don’t have a scheduled session for this course at the moment. For more information and to enquire about future sessions, please feel free to reach out to our Training Department ([email protected])
Why Choose this Training Course?
This course is aimed at professionals from all areas of business who require a better understanding of how finance works. The course offers insights into the main factors that are essential to the successful financial management of Oil and Gas corporations. In an uncertain economic environment managers need to be aware of the power and importance of key stakeholders – shareholders, bankers, customers and suppliers. Managers need to efficiently allocate resources, whilst recognizing environmental and ethical concerns, controlling risks, and effectively communicating strategy and performance.
This course provides professionals from non-finance backgrounds with a fundamental grasp of the important principles of finance. This gives them the confidence to work alongside financial experts, make informed choices and fully participate in the management process.
This course will feature:
- The relevance & importance of accounting & finance to the success of your business
- The unique features of Oil & Gas accounting that impact on reporting & decision making
- Budgeting and costing techniques & how to apply them
- The techniques available to determine the most profitable & worthwhile investments for your business
- Effective ways to control the financial risks of your business
What are the Goals?
By the end of this course, participants will be able to:
- Understand and evaluate corporate financial reports
- Determine sources of capital, and capital structure
- Identify and appraise wealth-generating investments
- Recognise, quantify, and control financial risk
- Understand & apply accounting & financial techniques in an Oil & Gas corporation
Who is this Training Course for?
This course is suitable for a wide range of professionals, working in the Oil and Gas industry, who wish to expand their financial knowledge, in order to achieve career progress. It will be most relevant to middle and senior managers who have responsibility for divisional or organizational success and will greatly benefit the following:
- Members of the operational management team
- Marketing, sales and administration managers
- Engineers and geologists
- Risk managers
- Executive and non-executive board members
How will this Training Course be Presented?
This course uses a range of training methods designed to achieve effective learning, and to maintain the interest and enthusiasm of delegates. The presenter will discuss, develop, and build a framework of core knowledge of the course topics, illustrating these with real-world examples. A range of financial techniques will be presented, explained, and reinforced using exercises and examples. Realistic case studies will provide the opportunity for delegates to participate in teamwork analysis, to explore options, and propose strategies and solutions.
Daily Agenda
Day One: Finance and Accounting
- The different meanings of ‘Finance’
- Why Finance is important for your business
- Raising finance – you need a Business Plan
- Sources and types of finance
- The financial accounting system
- Recording oil and gas transactions
Day Two: The Key Elements of Oil and Gas Reporting
- The major differences between US GAAP and IFRS reporting
- The treatment of exploration and evaluation costs – ‘successful efforts’ or ‘full cost’
- Recognition and valuation of oil and gas assets – tangible and intangible
- Revenue recognition – upstream, midstream and downstream
- Financial analysis techniques – common sizing and ratio analysis
- Analysis and interpretation of Oil and Gas company reports
Day Three: Accounting as an Information System
- Management Accounting as an effective tool for communication
- Costing oil and gas operations and processes
- Cost-Volume-Profit and break-even analysis
- Oil and gas budgeting – objectives, methodologies and processes
- How to prepare budgets for oil and gas operations
- Analysing variances between budget and actual results
Day Four: Cost of Capital and Investment Appraisal
- Why you need to know your Cost of Capital
- The cost of equity, cost of debt, and weighted average cost of capital (WACC)
- Identifying new investment opportunities for your oil and gas business
- Basic investment appraisal techniques – ARR and Payback
- Discounted investment appraisal techniques, NPV and IRR
- Capital rationing decisions using the profitability index and Excel solver
Day Five: Financial Risk Management
- The main types of risk and principles for risk management
- New investment risk in oil and gas operations
- Financing risk
- Interest rate risk
- Foreign currency risk
- The corporate governance requirements for effective risk management
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
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?
Pre-Course Cancellation
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.
Refund Policy Disclaimer
All course bookings made through PetroKnowledge are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
PetroKnowledge reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
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].
