Oil & Gas Finance, Accounting & Cost Control
| Location | Duration | Kenyan Cost | Non-Kenyan Cost | Upcoming Schedules |
|---|---|---|---|---|
| Nairobi, Kenya | 5 Days | KES 100,000 | USD 1,300 |
| Location | Duration | Non-Kenyan Cost | Register |
|---|---|---|---|
| Online | 5 Days | USD 550 |
| Register |
|---|
Oil & Gas Finance, Accounting & Cost Control
About the Course
This course equips finance professionals in the oil and gas sector with specialised knowledge of
industry-specific financial management, accounting practices, and cost control techniques.
Participants will explore the unique financial considerations of the energy sector, including
capital-intensive investment decisions, joint venture accounting, and fiscal regime management.
Target Participants
- ● Finance and accounting professionals in oil and gas
- ● Cost controllers and budget analysts
- ● Joint venture accountants
- ● Financial analysts and planners in the energy sector
- ● Project finance professionals in oil and gas
What You Will Learn
- ● Understand the unique financial characteristics of the oil and gas industry
- ● Apply oil and gas accounting principles and standards
- ● Manage joint venture accounting and cash calls
- ● Manage joint venture accounting and cash calls
- ● Understand fiscal regimes and their financial implications
- ● Conduct economic evaluation of oil and gas projects
- ● Manage budgeting and financial planning in energy operations
- ● Apply reserves estimation and its financial implications
- ● Manage financial reporting for oil and gas entities
- ● Navigate financial risk management in the energy sector
Course Duration
- ● Face-to-face workshops: 5 days
- ● Virtual Training: 7 days
- ● LMS: Self-paced learning
Course Outline
Foundations of Oil and Gas Finance
- ● Unique financial characteristics of the oil and gas industry
- ● The capital-intensive nature of energy investments
- ● Overview of oil and gas accounting frameworks
- ● Key financial stakeholders in the industry
- ● Financial decision-making across the value chain
Oil and Gas Accounting Principles
- ● Successful efforts vs. full cost accounting methods
- ● Accounting for exploration and evaluation costs
- ● Accounting for property, plant, and equipment in oil and gas
- ● Depletion, depreciation, and amortization in energy assets
- ● Decommissioning and asset retirement obligations
Joint Venture Accounting and Cash Calls
- ● Principles of joint venture accounting
- ● Managing cash calls and joint venture billings
- ● Joint venture audits and cost recovery
- ● Allocating costs and revenues among partners
- ● Reconciling joint venture financial statements
Cost Control and Budgeting
- ● Capital expenditure (CAPEX) budgeting and control
- ● Operating expenditure (OPEX) management
- ● Cost tracking systems for oil and gas operations
- ● Variance analysis and cost reporting
- ● Managing cost overruns in capital projects
Fiscal Regimes and Economic Evaluation
- ● Understanding fiscal regimes: royalties, taxes, and PSCs
- ● Economic evaluation of oil and gas projects
- ● Net present value and internal rate of return in project evaluation
- ● Reserves estimation and its financial implications
- ● Sensitivity analysis for investment decisions
Financial Reporting and Risk Management
- ● Financial reporting requirements for oil and gas entities
- ● Disclosures specific to extractive industries
- ● Managing financial risk: price volatility and currency exposure
- ● Hedging and risk mitigation strategies
- ● Internal controls in oil and gas finance functions
Training Approach
This course will be delivered through a coaching-first approach that goes beyond traditional
instruction. Whether in our Nairobi classroom, live virtual cohorts, or through our White Label
LMS, participants engage in a safe and nonjudgmental learning environment designed for
meaningful transformation.
We focus on the individual behind the professional title, connecting with the heart before
training the mind. This approach encourages reflection, practical application, and deeper
engagement, ensuring that learning is not only understood but also internalized and applied with
confidence.
Certification
Participants will receive a certificate upon successful completion of the course, recognizing their
knowledge and practical competence.
Customized Training Solutions
This course can also be delivered as a tailor-made program, designed to address the specific
needs, priorities, and operational challenges of your organization.