Petroleum Financial Management

Code

OG-277

City

Khobar

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Hotel Meeting Room

Price

3250 $

Start

2025-03-09

End

2025-03-13

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Pathways Training and consulting adopts the newest techniques of human resources Training and consulting and, with the following:

Theoretical lectures are delivered via PowerPoint and visual displays (videos and short films)
Making scientific evaluation to the trainee (before and after)
Brainstorming and role-playing
Using case studies related to the scientific material being delivered and the trainees' work.
The participants get the scientific and practical material printed and on CDs and Flash memories.
Preparing records and reports of the participants' attendance and results, with a general evaluation of the training program.
A group of the best trainers and experts in all fields and specialties professionally prepares the scientific material.
After finishing the course, the participants get certificates of attendance signed, certified, and issued by pathways Training and consulting.
Our training programs start at 9:00 o'clock in the morning and end at 2:00 in the afternoon, with snack buffet during the lectures.
Providing a lunch buffet during the training program period, with organizing a lunch party on the training program final day for taking some photos and certificate awarding.

Course Description

An expanding global oil and gas economy has dramatically changed the role of financial decisions and the magnitude of their affect throughout the company. Decisions about personnel; drilling for reserves, production, acquiring or divesting assets; or forging strategic alliances are financial in nature. The participant will learn how to use the concrete techniques that enable him to make truly informed decisions, in order to increase his company’s value.

Course Goal

To enhance the participant’s knowledge, abilities, and skills necessary to understand and use latest financial management and control techniques for the oil and gas industry

Course Objective

By the end of this workshop you will be able to:

Read and understand oil and gas financial statements
Identify financing alternatives available to oil and gas companies
Make a long- and Short-term financial decision
Determine the sustainable Rate of Growth
Understand the processes of forecasting and budgeting
Understand risk and valuation concepts
How to develop the company’s cost of capital
Determine market value added and economic value added
What are the various financial issues associated with international operations

Course Outline

Overview of Oil and Gas Accounting:

Successful Efforts and Full-Cost Accounting;
DD&A and accounting for impairment of proved properties

An Introduction to Financial Management:

What is a Firm?
Legal Forms of Business
The Corporation and Financial Markets
Financial Management Axioms

How to use financial information:

Financial Statements: An Overview
Financial Statements in Oil and Gas Companies
Financial Statements Analysis
Using Ratios
Financial and Operating Ratios of the Oil and Gas Industry;
Benchmarking

How to Make a Short-term Financial Decision:

Cash Conversion Cycle;
Working Capital Management;
Cash Management Programs and Techniques
Credit Evaluation;
Cash Budget

Forecasting and Budgeting:

Percent of Sales Method
Sustainable Rate of Growth
Nature and Objectives of Budgeting
Managing the Budgeting Process;

How to make Long-term Financial Decisions:

Capital Structure and Financial Structure
Capital Structure and Sources of Funds
The Right Mix of Debt and Equity;
Capital Budgeting;

Risk and Valuation Concepts:

Determining the WACC
Finding an appropriate discount rate
Valuing for uncertain events

Value Added:

Market Value Added
Economic Value Added

Financial Aspects of International Operations:

Determining International Oil and Gas Prices,
Parent and Subsidiary Perspectives in Project Evaluation and Risk Exposure with International Projects

Who Can Benefit

Controllers, senior finance managers, executives and Staff working in the finance and commercial departments.

Time Plan for the Training Program

Petroleum, Oil , Gas Training Courses

Categoryes

Petroleum Financial Management

By the end of this workshop you will be able to:

Overview of Oil and Gas Accounting:

An Introduction to Financial Management:

How to use financial information:

How to Make a Short-term Financial Decision:

Forecasting and Budgeting:

How to make Long-term Financial Decisions:

Risk and Valuation Concepts:

Value Added:

Financial Aspects of International Operations:

Time Plan for the Training Program

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