Course Summary
This course provides a business management programme for financial
managers and accountants, emphasising the finance accounting and
management control aspects of the exploration and production operations in
crude oil and natural gas. Lectures and case studies review typical investment
and control situations.
Who Should Attend
A course for management accountants, financial managers, systems analysts
and administrators with recently acquired teamwork responsibilities in the
exploration and production sector. The course is not designed for existing
experts.
Course Contents
Oil Industry Outlook
* Overview of oil industry economic conditions
* Key management problems – free market, privatisation, investment,
restructuring, re-organising, downsizing, re-engineering, outsourcing, profit
centres vs integrated operation
Re-Engineering the Asset Management Cycle
* The CONOCO experience
Development Project – Financial Planning Case Study
* Small group project teams will analyse identical cases, perform financial
analyses and bid for development property
* The basic competencies involved will focus upon the numbers needed
to project the capital needs, returns and profitability using discounted cash
flow techniques
Facilities Capital Investment Case Study
* Small group project teams will bid for a facilities investment
Improving Joint Venture Administration – Contract and Management
Issues
* Joint venture agreements, operating agreements, licenses
* Information flow between operator and non-operators
* Access to and information about technical data
Valuation of Oil and Gas Reserves
* How are these calculations made?
* Identification of key sensitivities that influence the results
* US SEC
Issues in Financial Reporting for Oil and Gas Ventures
* Privatisation of national oil companies
* Listing and financing privatisation in international capital markets
* US and London markets
Management Reporting/Performance Measurement
* Current management reporting and other performance measures
* New ideas
Cost:
€1,550
This course provides a business management programme for financial
managers and accountants, emphasising the finance accounting and
management control aspects of the exploration and production operations in
crude oil and natural gas. Lectures and case studies review typical investment
and control situations.
Who Should Attend
A course for management accountants, financial managers, systems analysts
and administrators with recently acquired teamwork responsibilities in the
exploration and production sector. The course is not designed for existing
experts.
Course Contents
Oil Industry Outlook
* Overview of oil industry economic conditions
* Key management problems – free market, privatisation, investment,
restructuring, re-organising, downsizing, re-engineering, outsourcing, profit
centres vs integrated operation
Re-Engineering the Asset Management Cycle
* The CONOCO experience
Development Project – Financial Planning Case Study
* Small group project teams will analyse identical cases, perform financial
analyses and bid for development property
* The basic competencies involved will focus upon the numbers needed
to project the capital needs, returns and profitability using discounted cash
flow techniques
Facilities Capital Investment Case Study
* Small group project teams will bid for a facilities investment
Improving Joint Venture Administration – Contract and Management
Issues
* Joint venture agreements, operating agreements, licenses
* Information flow between operator and non-operators
* Access to and information about technical data
Valuation of Oil and Gas Reserves
* How are these calculations made?
* Identification of key sensitivities that influence the results
* US SEC
Issues in Financial Reporting for Oil and Gas Ventures
* Privatisation of national oil companies
* Listing and financing privatisation in international capital markets
* US and London markets
Management Reporting/Performance Measurement
* Current management reporting and other performance measures
* New ideas
Cost:
€1,550
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