Upstream Budget PracticeGIP/UBP

Who should attend?

  • To allow the participants to go through the full budgetary process from information gathering to budget presentation.
Audience :
  • Upstream professionals who need to fully master the E&P budgeting process.

Level : Proficiency

Course Content

  • PURPOSE & REQUIRED FINANCIAL STATEMENTS

      • Purpose of the budgetary process.
      • Main characteristics of the financial statements required for budget preparation.
      • Projected balance-sheet.
      • Projected income-statement.
      • Projected uses and sources of funds.
  • LISTING PROCESS FOR REQUIRED INFORMATION COLLECTION

      • Type of required information.
      • Related company departments.
      • Data collection methodology.
      • Data collection.
  • FINANCIAL STATEMENTS DRAFTING & BUDGET

      • Financial statements drafting.
      • Main data consolidation.
      • Budget presentation report preparation.
  • BUDGET MONITORING & CONTROL

      • Monitoring indicators preparation.
      • Whistleblower signals.

Learning Objectives

  • Upon completion of the course, participants will be able:
  • to list the required information for the budgeting process,
  • to draft the required financial statements,
  • to set up monitoring and performance parameters.

Ways & Means

  • Budget preparation, set up and presentation through workshop practice with a subject-matter expert.