Advanced Finance & Accounting Strategies in the Oil & Gas Industry

Schedule
Jan | Feb | Mar 2022
Duration
5 Days
Difficulty
Intermediate
Methodology
Online Live | Onsite

Overview

This Advanced Finance & Accounting Strategies training course focuses on the essential skills and techniques required to enable the participants to make appropriate strategic decisions to maximize profit, reduce costs and financial risks. Given the substantial capital costs, long lead times from exploration to sale and pressure to meet reserve replacement ratios, implementing and managing strategies in Oil & Gas finance and accounting are critical success factors.

In today’s competitive Oil and Gas industry, with volatile oil prices, demand and supply uncertainties, the need to reduce operating costs, whilst maintaining quality and safety, improving returns for investors and company stakeholders, what strategies should companies adopt to ensure sustainable growth?

OBJECTIVES

  • By the end of this training course, participants will be able to:
  • • Identify & evaluate the challenges facing the Oil & Gas sector now & in the future
    • Use skills & techniques to assist with key strategic decisions facing their
  • company
  • • Recommend appropriate financing decisions & make capital investment decisions
  • • Advise on methods to eliminate or reduce financial risks facing Oil & Gas companies
  • • Manage new projects / initiatives effectively, meeting Strategic Aims & Objectives

TARGET AUDIENCE

This training program is suitable to a wide range of professionals but will greatly benefit:

• Key Personnel in the Oil and Gas Industry
• Accountants & 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 strategic issues facing the Oil & Gas sector now and in the future
• Managers involved in making CAPEX decisions
• Bankers and Professionals who work in Energy Lending

COURSE OUTLINE

• The Nature of the Oil & Gas sector
• Current & Future Challenges within the Sector – A question of Supply & Demand
• Volatility: Demand, Energy Prices, Exchange Rates, Interest Rates
• Resources & Reserves and the need for Research & Development
• Financial Issues Impacting on Strategic Development and Growth

• Strategic Planning and Decision Making in a Volatile Market
• Analytical Tools to Aid Strategic Planning and Decision Making
• Diversifying Income Streams – Balancing Upstream, Midstream & Downstream
• Growth Strategies: Exploration, Diversification, Vertical & Horizontal Integration
• Mergers & Acquisitions, Joint Ventures, Production Sharing Agreements & Strategic Alliances

• Sources of Finance – The Optimum Capital Structure and the Cost of Capital
• Capital Investment Appraisal: NPV, IRR, Modified IRR, Payback
• Financial Forecasting and Analysis in Excel
• Managing Uncertainty of Production, Prices, Capital Costs & Construction Delays
• Modelling Energy Prices in Capital Budgeting

• Developing and Implementing a Risk Management Strategy
• Risk Analysis of Oil and Gas Projects using Excel
• Sensitivity Analysis, Sensitivity Charts & Scenario Analysis, Monte Carlo Simulation
• Hedging Energy Prices – Interest Rates & Foreign Exchange Rates using Financial Derivatives
• Accounting for Hedging Under IFRS

• Estimating Activity Durations & Costs using Statistical and Probability Estimates
• Critical Path and Manpower Planning
• Earned Value Analysis
• Budgetary Control and Variance Analysis
• Implementing & Managing Change, Suspension or Shut Downs

Instructor

Mark Steele

Mark is certified trainer with 20+ years of experience in gulf and London. He has trained batches, corporates, individuals and companies from all over the world.

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