Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures

Contracts, Purchasing & Procurement Management
Finance, Budgeting & Accounting
International Oil & Gas Supply, Trading & Pricing
Quality Management
Upstream Oil & Gas


This PetroDeep training course provides in-depth information on the types of upstream petroleum contracts and what their differences are and what are the main contractual terms participants need to know in order to fully understand all types of Upstream Petroleum Contracts. The course will comprehensively cover Production Sharing Contracts, Exploration & Production Agreement (E&P) Exploration & Exploitation Contract, License Agreement, and participants will take away essentials elements of these contracts to be effectively used in their own companies. The training course will help participants understand the practical issues involved and the pitfalls to avoid. This PetroDeep training course will also develop the essential skills necessary to prepare and evaluate Upstream Petroleum Accounts and to improve the organization’s internal audit function. It focuses on the latest techniques to evaluate Financial; Operational & Social Performance as well as relevant International Financial Reporting Standards (IFRS) relevant for the preparation of accounts. Delegates will therefore be able to prepare financial statements in line with IFRS and make strategic decisions to improve financial performance of their organization. In addition, the development, monitoring and continued improvement of a highly-integrated, internal audit function will aid continued financial success, stability and growth. This training course will highlight: • The fundamental types of Upstream Petroleum Contracts • The advantages and disadvantages of the different types of Upstream Petroleum Contracts and how it is suitable for specific types of projects. • Concessions, Production sharing & Risk Service Contract, important details and suitability for any oil and gas upstream project. • The role of JOA in upstream petroleum contracting Conciliation, Mediation and Settlement of Disputes • Understanding the essentials terms of Unitization and Farm-in, Farm-Out agreements • How to Prepare Financial Statements in line with IFRS • The latest international tools and techniques to develop skills of evaluation and performance measurement

Code Venue Fees ($) Dates
UP017 Amsterdam, The Netherlands 4500 March 24, 2019 – March 28, 2019
UP017 Abu Dhabi, U.A.E 4500 June 30, 2019 – July 4, 2019
UP017 Sharm El-Sheikh, Egypt 4000 December 22, 2019 – December 26, 2019

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