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Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who Should Attend? Outline
Course Schedule
Date Format Time Fees
31 Oct - 04 Nov 2022 Online 11:00 to 16:00 Dubai [GMT +4] $2,350
Course Description

Introduction

This GLOMACS Advanced Finance & Accounting Strategies in Oil & Gas Industry online 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?

This online training course will feature:

  • The current and future challenges within the sector
  • The strategic decisions facing companies in this challenging environment & the techniques to enable informed strategic decision making
  • Financing strategies to determine the optimum capital structure & undertake capital investment appraisal to maximising shareholder wealth
  • Strategies to reduce and/or eliminate financial risk
  • Strategies to manage new initiatives to ensure companies met their Strategic Aims & Objectives

Objectives

By the end of the online 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

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Organisational Impact

This Advanced Finance & Accounting Strategies in the Oil & Gas Industry online training course is of direct relevance to the Oil & Gas sector and as a result the organisations will benefit greatly from their employees participation.

The organization will gain from employees with:

  • An in-depth knowledge of the strategic issues facing your organization
  • The knowledge and skills to understand, contribute to and make strategic decisions
  • An ability to evaluate the impact of strategic decisions
  • Skills to evaluate and analyse capital investment decisions
  • The ability to manage the risks facing the organisation
  • Knowledge and skills for the benefit of the entire organization

Personal Impact

This online training course will be of personal benefit to delegates by providing you with:

  • The knowledge and skills to help further your career
  • The latest tools and techniques to assist you in your role
  • A strategic outlook, enabling you to shape both your future and your organisation’s future
  • The ability to work independently and with others
  • An opportunity to learn from other professionals within the sector
  • A greater understanding or your role and the major issues affecting it

Who Should Attend?

This GLOMACS online training course 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

DAY 1

Strategic Issues Facing the Oil & Gas Sector

  • 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

DAY 2

Advanced Strategic Decisions

  • 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

DAY 3

Financing Strategies in the Oil & Gas Sector

  • 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

DAY 4

Financial Risk Management Strategies

  • 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

DAY 5

Project Management to Meet Strategic Aims & Objectives

  • 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
Certificates
  • On successful completion of this online training course, GLOMACS E-Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor, will be awarded to the delegates
  • Continuing Professional Education (CPE) credits : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo
  • Quality Logo

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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