Aupec - Training - Training Topics

Training Topics

Aupec provide training relating to:

  • Accounting procedures
  • Audit
  • Economic risk and uncertainty
  • International gas industry
  • International joint ventures
  • International oil industry
  • International taxation
  • Oil and gas finance
  • Organisational structures
  • Project finance
  • Strategic role of corporate business
  • UK tax and licensing

Accounting Procedures

  • Classification of costs
  • Recoverable costs
  • Credits to account
  • Statements required from contractor
  • Inspection rights of government
  • Costs incurred overseas by contractor

Audit

  • PSA / licences
  • Accounting procedures
  • Audit scope
  • Audit exposures
  • Liaising with companies
  • Negotiating exceptions

Economic risk and uncertainty

  • Investment criteria
  • DCF techniques
  • Probabilistic techniques
  • Cost of capital
  • Risk analysis
  • Portfolio optimisation

The international gas industry

  • Evolution and development
  • Gas supply, demand and trade
  • Structure and ownership
  • Gas transmission
  • Security of supply
  • Regulation and competition

International joint ventures

  • Operator / non-operator
  • JV Agreements - application
  • Accounting procedures
  • Accounting requirements
  • Farm-ins, farm-outs
  • State company as partner

The international oil industry

  • Characteristics and evolution
  • Crude oil prices
  • OPEC
  • Supply and demand
  • Security of supply
  • Non-renewable resource depletion

International taxation

  • Economic rent and taxable capacity
  • Concessionary systems
  • Royalty / tax
  • Production sharing
  • Service contracts
  • Optimal systems of taxation

Oil and gas finance

  • Joint operating agreements
  • The finance function
  • Risk and measuring success
  • Business planning, budgets & reporting
  • Strategic planning
  • Cost allocations

Organisational structures

  • Functional / asset based operations
  • Structural options
  • Maintenance and supply
  • The corporate structure
  • Business sectors
  • Operating units

Project finance

  • Financial feasibility
  • Cover ratios
  • Financial structures
  • Security arrangements
  • Project risks and mitigation
  • Sources of finance - role of Export Credit Agencies

Strategic role of corporate business

  • The business planning process
  • Budgeting and approval
  • Controls to measure success
  • Development of a capital
  • Projects budget
  • International joint ventures
  • Project financing

UK tax and licensing

  • History and evolution
  • Royalties
  • Petroleum Revenue Tax
  • Corporation Tax
  • Depreciation
  • Abandonment