Instructor Led Carved-out Training

Upstream Oil & Gas Accounting & Contracts ...I) Retained ORI production payment Interest (PPI) Dutch Carved-out production payment Carved-out net profits interest created from working interest Net profits interest created from mineral interest Oil, Gas and Mineral Lease Provisions Lease bonuses Royalty provision Primary term Delay Rental Payment Shut-In payment Right to Assign Interest Right to free use of resources for lease  more...

Advanced Oil Gas Accounting International Petroleum Accounting 3 ...n payments payable in money a not reasonably assured Carved-out production payments payable in product or volumetric production payment (VPP) Conveyances-full cost Problems and Issues associated with Conveyance Day 2 a OIL AND GAS DISCLOSURES Required disclosures Illustrative example Proved reserve quantity information Reserve definitions Proved reserves Proved developed  more...

Advanced Oil and Gas Accounting International Petroleum Accounting 2 GENERAL CONTENTS, CONCEPTS AND ISSUES Day 1 - Part 1 a Disposition of Capitalise Cost a Inclusion of estimated future development expenditures a Inclusion of estimated future decommissioning costs a Exclusion Costs a Impairment of unproved properties costs a Abandonment of Properties a Reclassification of Properties a Support equipment and facilities a DD&A under  more...