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Exploration and Production Accounting - Fundamentals

Houston

This introductory level course will provide participants with a comprehensive overview of international accounting and financial practices in the upstream oil and gas industry. Course participants will be introduced to financial issues that are unique to the upstream industry and their accounting treatment.

Participants will learn about joint ventures including what they are, why they are used, and the accounting implications that arise when a person is involved in a joint venture.  

The final part of the course will be a thorough and comprehensive review of the types of costs that occur in the various stages of an upstream project and how these costs should be managed and controlled