This course will provide participants with an understanding of the principles and practices applied in auditing activities undertaken in the upstream oil and gas industry. Extensive use will be made of realistic industry based exercises and case studies to reinforce key teaching points and to provide participants with opportunities to apply the knowledge gained in a practical manner.
Participants will also learn how to develop and apply a structured methodology for conducting upstream oil industry internal, joint venture and Production Sharing Contracts (PSC) audits.
The course is designed for:
Learn how to apply a structured methodology to conduct three types of audits: oil industry internal, joint-venture and production-sharing
Implement the gains of a multi-discipline audit approach
Conduct audits according to a best practice model in the oil & gas industry’s activities
Audit Principles, Audit Concepts, and Internal Audit
The Joint Venture Audit Process
Joint Venture Operations and Typical Major Audit Issues
(PSC) Production-sharing Contracts Audit
General and Administrative Costs, Case Study, and PSC Audits