International Oil and Gas Operation Joint Venture Accounting (London, UK)

HRODC Postgraduate Training Institute
In Central London (England)

£ 16,000 - (Rs 13,27,252)

Important information

  • Short course
  • Intermediate
  • Central london (England)
  • 120 hours of class
  • Duration:
    4 Weeks
  • When:

This Course is Designed For:
Finance Directors and Managers
Financial Controllers
Chief Accountants
Treasury Officers
Asset Accountants
Joint Venture Accountants
Management Accountants
Internal and External Auditors
Government Regulators
Financial Analysts
Public Accountants
Government Ministers,
Chief Executives
Managing Directors
Engineers and Geologist
Drilling and Refinery Managers
Marketing and Sales Directors and Managers
Others interested in the operation of the Oil and Gas Industry, its regulation, exploration, production, and accounting systems

Important information

Requirements: Degree or Relevant Work Experience


Where and when

Starts Location
Central London
Carburton Street, W1W 5EE, London, England
See map

What you'll learn on the course

Project Engineering
Oil and Gas
Accounting MBA
Financial Training
Sales Training
Joint Venture
Enterprise Laws
Commercial Laws
Tax Laws
Contract Laws
Oil and Gas Joint Operating Agreements
Operator vs. Non-Operator
Working Interest vs. Non-Working Interest
Operating Committee
Joint Account
Methods of Accounting
Seismic data processing
Geological studies
Employee Relocation Cost
Accounting for material
Disposal of material
Direct vs. Recoverable Costs

Course programme

Limited Contents, Concepts and Issues:

Module 1: Issues Regarding Financial Accounting for International Petroleum - Oil and Gas - Joint Ventures and Joint Operations 
Principles of International Joint Venture 
  •  What is a Joint Venture? 
  •  General Characteristics of Joint Ventures 
  •  Functional Types of Joint Venture Relationships 
  • Advantages and Disadvantages of Joint Ventures 
  •  Joint Venture vs. Partnership 
  •  Structural Components of a Typical Joint Venture
  • Transaction Checklists for Forming a Joint Venture 
  •  Alternatives to Joint Ventures for Entering Foreign Markets 
Legal and Regulatory Aspects of Joint Venture Activities 
  •  Enterprise Laws 
  •  Commercial Laws 
  •  Related Commercial Law Issues 
  • Contract Laws 
  •  Sales of Goods Transactions 
  •  Debtor-Creditor Laws 
  •  Types of petroleum - Oil and Gas - Joint Ventures 
Module 2: Contracts Governing International Petroleum – Oil and Gas – Joint Operations 
  • International Petroleum – Oil and Gas Joint Operating Agreements 
  •  Salient Definitions in International Petroleum – Oil and Gas Joint Operating Agreements
  • Joint Venture VS Partnership 
  •  Operator VS Non-Operator 
  •  Working Interest VS Non-Working Interest 
  •  Operating Committee 
  • Role of Operating Committee in International petroleum - Oil and Gas Joint 
  • Venture Operation 
  • Operatorship 
  • Exclusive operations 
Module 3: Accounting Procedure in International Petroleum – Oil and Gas Joint Venture Operations – Part 1 
  •  Joint Account 
  •  Joint Account Records and Currency Exchange 
  •  Payments and Advances 
  • Adjustments 
  •  Audits 
  • Methods of Accounting 
  •  Allocations 
  •  Direct Charges 
  • Direct Versus Recoverable Costs 
Module 4: Accounting Procedure in International Petroleum – Oil and Gas Joint Venture Operations – Part 2 
  • Technical Service Charges
  • Accounting for material 
  • Disposal of material 
  •  Inventories

Additional information

HRODC Postgraduate Training Institute is registered with the UK Registry of Learning Providers (UKRLP) of the Department for Business, Innovation and Skills (BIS), formerly Department of Innovation, Universities and Skills (DIUS). Its registration number is 10019585 and can be verified at