Introduction to Oil and Gas Exploration and Production

Course Code: OG20

Course Objective

  • Participants will learn to understand generic financial concepts in terms of the main financial reports, the difference between profit and cash flow, and how to differentiate between capital  expenditure and operating expenditure.
  • Some common techniques and ratios used to measure a company’s financial performance will also be covered to give a basic understanding of the drilling and building a well, formation evaluation,
  • Participants will build on the generic concepts learned in day one by understanding more about the application of these concepts in an Exploration and Production (E&P) company. 


Target Audience

  • Managers.
  • Supervisors.
  • and other staff members who don’t have a financial background, but require an understanding of financial information to help them be aware of how the business is doing.
  • Section Engineers.
  • Planners.


Course Outline

The P&L Account, Balance Sheet, and Cash Flow Statement

  • Sources and uses of financial information
  • Understanding financial information
  • Cash flow

Accounting Policies and Preparation of an Annual Budget

  • Oil and gas industry accounting policies
  • Budget preparation and control
  • Effects of taxation

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Date & Location

Date : 10 September 2023

Duration : 5 days

Place : Sharm El-Shaikh

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