GLOMACS Training Launches Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures Training Program

August 16, 2017 © Copyright Glomacs

GLOMACS  50 hours executive education program will comprehensively cover Production Sharing Contracts, Exploration & Production Agreement (E&P) Exploration & Exploitation Contract, License Agreement.

GLOMACS Training is launching the first in a series of Petroleum, petrochemical and natural gas industries – Sector-specific quality management systems training courses. The program will kick off on 03rd September 2018 at The Grosvenor House in London.

Petroleum doesn’t last forever – it is a non-­renewable resource. This fundamentally drives the business decisions of Governments and companies, a key part of which is that most petroleum contracts are structured to contemplate the entire life span of a project, its beginning, middle, and end.

“A well negotiated and drafted Upstream Petroleum Contract must stand the “test of time” said Primila Edward, international trainer, lawyer and a leading authority on Oil, Gas, Maritime & Offshore contracts. “Upstream Petroleum contracts can vary widely in their details, however, all must establish two key issues on how profits are divided between the government and participating companies and how costs are to be treated between the parties.”

This training course will highlight:

  1. The fundamental types of Upstream Petroleum Contracts
  2. The advantages and disadvantages of the different types of Upstream Petroleum Contracts and how it is suitable for specific types of projects
  3. Concessions, Production sharing & Risk Service Contract, important details and suitability for any oil and gas upstream project
  4. The role of JOA in upstream petroleum contracting Conciliation, Mediation and Settlement of Disputes
  5. Understanding the essentials terms of Unitization and Farm-in, Farm-Out agreements
  6. Accounting and Auditing policies and procedures

The program has been accredited by the NASBA and qualifies for continuing education.

For more information and to register for the course, visit: Registration Link

GLOMACS Training is one of the world’s leading training & development firm. By providing continuing professional training on various industry relevant topics, we help clients meet their training needs. Our expertise includes training topics on Management & Leadership, Strategy & Planning, Public Relations & Customer Service, Office Administration, Sales & Marketing, Human Resource Management, Learning & Development, Quality and Productivity, Project Management, Purchasing, Logistics & Supply Chain Management, Contracts Management, Finance & Budgeting, Electrical Engineering, Mechanical Engineering, Maintenance Engineering, Instrumentation & Process Control, Health, Safety & Environment, Oil & Gas Technology, Civil & Construction Engineering. Headquartered in Dubai, we run programmes in Amsterdam, Budapest, Geneva, Istanbul, London, Marbella, Paris, Prague ,Vienna, California, Houston, Miami, New York, Toronto, Abu Dhabi , Doha, Dubai, Jeddah, Kuwait, Muscat, Hong Kong, Jakarta, Kuala Lumpur, Singapore.

GLOMACS Trainings are designed to Unlock the Potential of Real People in Real Situations. People need Emotional Investment and they also need to feel time is being invested in them & GLOMACS Training is a great way of doing that.

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