Upstream Oil and Gas Accounting & Contracts: Oil and Gas Operation, Mineral Rights, Leases and Successful Efforts

HRODC Postgraduate Training Institute

Post Graduate Diploma

In Paris 01 Louvre (France), Durban (South Africa), Dubai (United Arab Emirates) and 7 other venues

₹ 625,493.21 + VAT

*Indicative price

Original amount in GBP:

£ 6,000

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Description

  • Duration

    6 Days

Limited Objectives: By the conclusion of the specified learning and development activities, delegates will be able to. Demonstrate an understanding of the oil and gas industrial and the activities of each subsector. Demonstrate an awareness of the salient issues associated with the development of the United States oil and gas industry, as a mark car to International oil and gas exploration developments and it mining operations.Suitable for: This course/seminar 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

Facilities

Location

Start date

Amsterdam (Netherlands)
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Damrak 1-5, 1012

Start date

On request
Bangkok (Thailand)
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South Sathon Road, 10120

Start date

On request
City of London (England)
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Kendal Street

Start date

On request
Dubai (United Arab Emirates)
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Coral Deira Hotel, Muraqabat Street, Deria, Dubai, 82999,, 82999

Start date

On request
Durban (South Africa)
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Walnut Road, 40001

Start date

On request
Hong Kong (Hong Kong)
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Start date

On request
Kuala Lumpur (Malaysia)
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Jalan Ampang Hilir, 68

Start date

On request
Manama (Bahrain)
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Salman Highway

Start date

On request
Milano (Italy)
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Via Washington, 66 Milan, 20146

Start date

On request
Paris 01 Louvre (France)
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Start date

On request
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About this course

Degree or Work Experience

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Course programme

Course Contents, Concepts and Issues:

Upstream Oil and Gas Operations
  • Introducing the Oil and Gas Industry
  • Brief History of the U.S. Oil and Gas Industry
  • Origin of Petroleum
  • Anticline
  • Exploration Methods and Procedures
  • 3-D Seismic
  • 4-D Seismic
  • Acquisition of Mineral Interests in Property
  • Mineral Rights
  • Mineral Interests
  • Fee Interests
  • Overriding Royalty Interests (ORI)
  • Retained ORI Production Payment Interest (PPI)
  • Dutch Carved-Out Production Payment
  • Carved-Out Net Profits Interest Created From Working Interest
  • Net Profits Interest Created From Mineral Interest
  • Oil, Gas and Mineral Lease Provisions
  • Lease Bonuses
  • Royalty Provision
  • Primary Term
  • Delay Rental Payment
  • Shut-In Payment
  • Right To Assign Interest
  • Right To Free Use Of Resources For Lease Operations
  • Option Payment
  • Offset Clause
  • Addressing Problems and Issues Associated with Upstream Oil and Gas Operation
Introduction to Oil and Gas Accounting (1)
  • Oil and Gas Drilling Operations
  • BOP (Blowout Preventer)
  • Bottom-Hole Pressure
  • Bottom-Hole Pump
  • Drill String
  • Rat Hole
  • Mouse Hole
  • Drilling Platform
  • Drilling Rig
  • Proved Area
  • Drill Stem Test
  • Derek and Derek Hands
  • Cracking
  • Field
  • Christmas Tree
  • Sedimentary Rock
  • Seismic Exploration
  • Development Well Flowing Well
  • Injection Well
  • Offset Well
  • Stratigraphic Well
Introduction to Oil and Gas Accounting (2)
  • Stratigraphic Test Well or Exploratory Well
  • Service Well
  • Dry Hole
  • Dual Completion
  • Dry Natural Gas
  • Natural and Artificial Lifts
  • Oil and Gas Production and Sales
  • Some State and US Federal Oil and Gas Drilling Regulation
  • Maximum Efficiency Drilling Rate (MER)
  • The Concept of Peak Oil
  • Historical Cost Accounting Methods
  • Historical Development of Accounting Methods and Current Status
  • Introduction to Successful Efforts Accounting
  • Chart Accounts for Successful Efforts Company
  • Oil and Gas Subsectors - Upstream, Mid-Stream And Downstream
  • Horizontal, Vertical and Full Integration within the Oil and Gas Industry
  • Addressing Problems Associated with Oil and Gas Accounting
Nondrilling Exploration Costs - Successful Efforts
  • Introduction to Full Cost (FC) Accounting
  • Distinguishing between Non-Drilling and Drilling Costs
  • Cost of Identifying Areas that Might Warrant Exploration
  • Cost of Topographical, Geological and Geophysical Studies
  • Cost of Carrying and Retaining Undeveloped Properties
  • Dry Hole Contribution
  • Cost of Drilling and Equipping Exploratory Well
  • Cost of Drilling Exploratory Type Stratigraphic Test Well
  • Successful Efforts- Exploration Cost
  • Accounts for a Full Cost Company
  • G&G Costs
  • Reconnaissance Survey
  • Detailed Survey
  • Shooting Rights
  • Obtaining G & G Permits
  • Exchanging C & G Studies for Property Interest
Acquisition Costs of Unproved Property - Successful Efforts
  • Carrying and Retaining Costs
  • Delayed Rental Property Taxes
  • Legal Cost for Title Defense
  • Clerical and Record-Keeping Costs
  • Test-Well Contributions
  • Dry Hole Contribution
  • Bottom-Hole Contribution
  • Support Equipment And Facilities
  • Problems
  • Offshore and International Operations
  • Purchase in Fee (Fee Purchase)
  • Internal Costs
  • Options to Lease
  • Delinquent Taxes and Mortgage Payment
Acquisition Costs of Unproved Property - Successful Efforts
  • Successful Efforts Acquisition Costs
  • Internal Costs
  • Options to Lease
  • Delinquent Tax and Mortgage Payments
  • Top Leasing
  • Amortization
  • Amortization of Exploration and Development Costs of Proved Developed Reserves
  • Impairment
  • Disposition of Capitalized Costs - Impairment of Unproved Properties
  • Disposition of Capitalized Costs - Surrender or Abandonment Of Property
  • Post Balance Sheet Events
  • Disposition of Capitalized Costs - Reclassification Of An Unproved Property
  • Land Department
  • Addressing Issues and Problems in Unproved Property Acquisition Costs

See related categories

Upstream Oil and Gas Accounting & Contracts: Oil and Gas Operation, Mineral Rights, Leases and Successful Efforts

₹ 625,493.21 + VAT

*Indicative price

Original amount in GBP:

£ 6,000

The best Energy courses

See all

See all