A partner of excellencefor oil and gas professional development

Upstream Contracts Audit

5 days GIP/UCA
  • For upstream personnel who will conduct joint-venture audits, or will be audited by partners in a joint-venture, for State auditors in charge of auditing oil & gas contracts, for executives who look for a comprehensive understanding of issues linked to contractual audit
  • To provide participants with a detailed understanding of the principles and methods of upstream contracts audit
Learning Objectives
  • Upon completion of the course, participants will be able:
  • to prepare and lead a contractual audit
  • to identify the risks related to accounting in oil and gas industry
  • to put in place an audit structure
  • Basic knowledge of the contractual and financial framework of E&P and/or a minimum 5 to 10 years’ experience in financial functions in the E&P sector
Ways and means
  • Case studies and exercises based on recent industrial cases

Contractual accounting 1 day
  • Joint Operating Agreements and accounting appendix
  • Upstream tax issues
  • Production Sharing Contracts (PSC) and accounting procedures
  • Joint costs and recoverable costs
  • At cost principle and implementation
  • Bases of operator's cost accounting
Specificities of joint venture audit 1.5 days
  • Audit rights
  • Organization of the audit: partners, operator
  • Auditing respect of at cost principle
  • Exercises
Specificities of state audit 1.5 days
  • Audit rights
  • Organization of the State audit, auditors qualification
  • Articulation between joint-venture audit and State audit
  • Key elements of contract and accounting procedure
  • Case study
Conducting a contract audit 1 day
  • Audit preparation
  • During the audit
  • Conclusion of the audit
  • Audit supervisor role
  • Audit report and follow-up
2016 course calendar
Language Dates Location Tuition Register
May 30 - Jun 03 Rueil €3,480 Online By email
Dec 05 - 09 Rueil €3,480 Online By email

2017 course calendar
Language Dates Location Tuition Register
May 29 - Jun 02 Rueil €3,580 Online
Dec 04 - 08 Rueil €3,580 Online