An Intensive 5-day Training Course
Financial Accounting, Reporting &
Business Support in the Oil and Gas Industry
Evaluating Financial and Strategic Issues Facing the Oil & Gas Industry
Scheduled Dates
Classroom
| 26 - 30 May 2025 | London - UK | $5,950 | RESERVE A SEAT |
| 04 - 08 Aug 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 15 - 19 Sep 2025 | Kuala Lumpur - Malaysia | $5,950 | RESERVE A SEAT |
| 29 Sep - 03 Oct 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 01 - 05 Dec 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 09 - 13 Feb 2026 | Kigali - Rwanda | $5,950 | RESERVE A SEAT |
Online
| 26 - 30 May 2025 | Online | $3,950 | RESERVE A SEAT |
| 01 - 05 Dec 2025 | Online | $3,950 | RESERVE A SEAT |
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.
Why Choose this Training Course?
This PetroKnowledge training course provides you with the latest financial knowledge and skills, through the evaluation of strategic issues and challenges facing the industry. It explores the internationally accepted accounting methods and techniques used in the Oil & Gas sector to report costs, asset values and profit as well as techniques of financial evaluations. You will also examine the latest risk management techniques, enabling you to manage and control oil price, exchange rate and interest rate volatility using derivatives.
In addition, we will explore project management techniques in this exciting training course designed to develop and enhance your skills and knowledge of this unique industry.
This PetroKnowledge training course will feature:
- An analysis of the major Strategic Issues affecting the Oil & Gas Industry
- Key financial accounting methods and techniques
- An analysis of Joint Venture and Product Sharing Agreements
- The latest Risk Management techniques
- The latest Project Management techniques
What are the Goals?
By the end of this PetroKnowledge training course, participants will be able to:
- Evaluate the long term strategic issues facing the Oil and Gas industry
- Analyse the financial, economic and commercial drivers
- Evaluate performance using key financial accounting methods and techniques
- Deliver more timely and useful information to decision makers
- Improve project controls, measurement & performance reporting & overall corporate governance
Who is this Training Course for?
This PetroKnowledge training course is suitable for a wide range of professionals but will greatly benefit:
- Accountants and 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 financial accounting reporting, project management and forecasting techniques
- Financial Planners and Cost Analysts
- Line/Unit Heads with direct planning and budgeting responsibility
- Account Personnel and Business Consultants
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 training 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 workshop by delegates.
Organisational Impact
This PetroKnowledge training course is of direct relevance to the Oil & Gas sector and as a result the organisations will benefit greatly from their employees’ participation. The organization will gain from employees with:
- An in-depth knowledge of the finance and accounting issues facing your organization
- The knowledge and skills to prepare accounts in accordance with IFRS
- An ability to evaluate the impact of major IFRS
- Skills to evaluate performance and recommend actions to improve performance
- An awareness of risk and the tool and techniques to manage risk effectively
- An ability to work independently and as valuable team members
Personal Impact
This PetroKnowledge 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: Introduction to Financial Accounting in Oil and Gas Industry
- Nature & features of the Oil & Gas sector
- The latest issues facing the Oil and Gas industry
- The principles of Oil and Gas financial accounting and reporting
- Definition of reserves and resources
- The Roles & responsibilities of the Finance professional
Day Two: Methods and Techniques of Accounting in Oil and Gas
- International Accounting Standards for oil and gas companies
- Accounting techniques in the Oil & Gas sector
- Accounting for Costs ( all types in oil & gas)
- Accounting for Assets and the impact
- Accounting for Revenue
Day Three: The Specific Financial Information in Oil and Gas
- International Financial Reporting Standards (IFRS) & GAAP Differences
- Joint Ventures and Product Sharing Agreements
- Financial Statements
- Ratio Analysis and Interpretation
- Profitability of oil & Gas companies
Day Four: Evaluate Performance Measurement and Improve Efficiency
- Advanced financial analysis
- Evaluating Capital Investment using various financial indicators: Payback, ARR, NPV & IRR
- Comparative Analysis & Benchmarking
- Earned Value Management for Oil And Gas
- Evaluation the assets & reserves of Oil & Gas Companies
Day Five: Risk Management & Auditing
- Understand the Market and identify the risks related to oil & gas sector
- Process of risk assessment
- Compliance & Legal Requirements
- The Board & Audit Committee - roles & responsibilities
- Efficient planning, stability and growth
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].
