Course description
The Complete Course of Finance for the Oil and Gas Industry training course provides the essential financial knowledge and skills to enable delegates to successfully recommend appropriate methods of finance and to prepare, understand and evaluate financial accounts for the Oil & Gas industry. It focuses on the finance and accounting issues specifically affecting the industry including: IFRS 6 Exploration for and Evaluation of Mineral Assets, Accounting Approaches, The “Successful Efforts” and “Full Cost” (FC) Method, Accounting for Reserves, Resources & Assets.
This 10 Days training course explores project finance techniques and their effectiveness in the petroleum industry. He highlights the petroleum industry players, risks, economics, and commercial/legal arrangements. With petroleum industry projects representing amongst the largest industrial activities in the world, this Training course ties together concepts and tools through real examples and aims to ensure that project finance will continue to play a central role in bringing together investors and lenders to finance these ventures.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
The Complete Course of Finance for the Oil and Gas Industry, is ideal for :
- Accountants & Finance professionals responsible for fincial accounting, treasury, budgut preparation and management reporting.
- Bankers and Professionals who work in Energy Lending
- Those responsible for raising and managing finance
- Those responsible for making or contributing to capital decisions
- Professionals who require a more in-depth understanding of finance and accounting
- Line heads with direct finance and accounting responsibility
- Those responsible for making decisions based on finance budgets
Outcome / Qualification etc.
At the end of The Complete Course of Finance for the Oil and Gas Industry,, you should be able to:
- Major decision-making areas that confront the financial manager, namely:
- Describe financial management in the oil and gas industry in terms of the three
- Describe the oil and gas industry as defined for the purposes of this course;
- -the investment decision
- -the financing decision
- -the dividend decision
- Describe the purpose and make-up of the financial markets and how oil companies use them;
- Recommend appropriate methods of financing capital projects
- Evaluate capital investment proposals
- Prepare financial statements in line with International Financial Reporting Standards
- Evaluate financial statements to identify and recommend improvements within their own organization
- Describe the financial instruments that oil companies can use on the capital markets;
- Understand the underlying principles of finance;
- Understand how and when to use the tools of financial arithmetic; and
- Understand how these concepts and tools are applied in making financial decisions
Training Course Content
Day 1
Introduction and the Tools of Finance
- Introduction
- Defining the Industry
- An Overview of the Course
- Financial Decision Making in the Oil and Gas Industry
- The Financial System
- A Review of the Tools of Finance
- Learning Summary
Day 2
Governance and Agency Issues
- Introduction
- External and Internal Governance of Group Activities
- Trust: A Fundamental Requirement in Economic Relations
- The Domains of Corporate Governance
- Agency Issues in the Oil and Gas Industry
- Learning Summary
Day 3
Interest Rates
- Introduction
- Interest Rate Risk
- The Term Structure of Interest Rates 3.4 Analysing Yield Curve Behaviour
- The Money Markets
- Term Instruments
- Types of Debt Security
- Learning Summary
Day 4
Company Valuation
- Introduction
- Why Firms Merge
- Valuation Methods
- Estimating the Opportunity Cost of Capital
- Estimating the Cash Flow
- Estimating the ‘Exit Price’ or Terminal Valuenance for the Oil and Gas Industry
- Calculating the Net Present Value
- Valuing Growth Opportunities
Day 5
International Finance
- Introduction
- Foreign Exchange Rate Risk
- Foreign Exchange Exposure
- Differences between Foreign Investment and Domestic Investment
- Financing Sources for the Multinational Oil Company
- Learning Summary
Day 6
Equity and Commodity
- Equity Market Risk
- Commodity Price Risk
- Learning Summary
Day 7
Capital Structure
- Introduction
- Capital Structure
- Capital Structure and Financial Distress
- Learning Summary
Day 8
Project Finance
- Agency Costs in Financial Distress
- Causes and Costs of Financial Distress
- Routes out of Financial Distress
- Learning Summary
Day 9
Derivatives: An Introduction
- Introduction
- Arbitrage Relationships
- Derivatives Markets
- Uses of Derivatives
- The Derivatives Building Blocks
- Learning Summary
Day 10
Options
- Introduction
- Types of Option
- Option Pricing Boundary Conditions
- Risk Modification with Options
- The Black–Scholes–Merton Option Pricing Model
- Hedging and Derivatives
- Learning Summary
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London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...