Course Overview
Master accounting practices in upstream petroleum.
Course Overview
This course provides an in-depth understanding of accounting principles and financial practices unique to the upstream oil and gas sector. Designed specifically for finance professionals working with exploration and production (E&P) operations, the programme explores how to apply industry-specific standards to financial reporting, cost recovery, joint venture accounting, and production sharing contracts (PSCs).
Participants will gain practical knowledge to support effective financial decision-making, risk management, and compliance in complex upstream environments.
What you’ll learn
By the end of this course, participants will be able to:
– Apply international accounting standards (e.g. IFRS 6, 15, 16) to E&P activities
– Manage joint venture accounting and cost-sharing arrangements
– Interpret and apply PSC and royalty frameworks
– Produce accurate financial statements and manage audit requirements in upstream operations
Certification Details
Upon successful completion of this programme, participants will receive an Oxford Knowledge Certificate of Completion.
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Awarded by: Oxford Knowledge
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Format: Printed certificate with unique ID and optional digital verification
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Delivery: Issued at course completion or sent within 7 working days
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Recognition: Certificates validate participation in advanced, expert-led training aligned with global industry standards.
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Accreditation: Oxford Knowledge certifications represent advanced learning led by global experts. We are actively pursuing formal accreditations with top-tier institutions to further enhance your credentials.
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This certificate demonstrates your commitment to professional excellence and is a valuable addition to your leadership and development portfolio.
Requirements
- Targeted at professionals in finance, audit, accounting, and joint venture operations in the oil & gas sector
- Beneficial for executives from national oil companies (NOCs), IOCs, and regulatory authorities
- Basic understanding of general accounting principles and the petroleum value chain is recommended
- Proficiency in English is required.
Instructor
