Finance & Accounting for the Oil & Gas Industry Course in Doha, Qatar

Finance & Accounting for the Oil & Gas Industry explains the financial and accounting practices specific to the energy sector. It covers the value chain from exploration and production to processing and marketing, accounting for exploration and evaluation costs under IFRS 6, the contrast between successful efforts and full cost approaches, joint arrangements and joint venture accounting, depletion using the unit-of-production method, and decommissioning provisions. Participants also study fiscal arrangements such as concessions and production sharing contracts and learn how reserves classifications influence financial reporting and project valuation.

The course combines technical explanation with sector case studies and calculation exercises. Learners calculate depletion charges, process joint venture billings and cost allocations, measure a decommissioning provision and evaluate an upstream project using cash flow and NPV analysis. Discussion highlights how commodity price movements affect impairment, revenue and planning. The course can be delivered as an in-house program for energy companies, service contractors and related organizations, with examples adapted to their role in the value chain and their contractual arrangements.

By the end of this course, participants will be able to:

• Explain the oil and gas value chain and its key financial characteristics

• Account for exploration and evaluation expenditure under IFRS 6

• Apply joint arrangement accounting and joint venture cost allocation principles

• Calculate depletion using the unit-of-production method

• Measure decommissioning provisions and explain their accounting under IAS 37

• Evaluate upstream project economics under different fiscal regimes

This course is for finance and commercial professionals working in, or supporting, the oil and gas sector.

• Accountants and finance staff in energy companies

• Joint venture and partner accounting teams

• Financial analysts and planners in oil and gas

• Auditors with energy sector clients

• Commercial and contracts staff in oilfield services

Module 1: The Industry and Its Economics

• Upstream, midstream and downstream value chain

• Oil and gas pricing and market drivers

• Concessions, production sharing and service contracts

• Reserves and resources classification under SPE-PRMS

Module 2: Upstream Accounting

• Exploration and evaluation costs under IFRS 6

• Successful efforts versus full cost approaches

• Development and production asset capitalisation

• Depletion using the unit-of-production method

Module 3: Joint Arrangements

• Joint operations and joint ventures under IFRS 11

• Joint operating agreements and operator responsibilities

• Cash calls, partner billing and cost recovery

• Joint venture audits and common disputes

Module 4: Provisions, Impairment and Revenue

• Decommissioning provisions and unwinding of discount

• Impairment triggers and commodity price assumptions

• Revenue recognition for hydrocarbon sales under IFRS 15

• Overlift, underlift and entitlement considerations

Module 5: Project Evaluation and Planning

• Upstream cash flow modeling

• NPV, IRR and breakeven price analysis

• Effect of fiscal terms on project returns

• Sensitivity and scenario analysis for price risk

Oil and gas, and liquefied natural gas in particular, are central to Qatar's economy and public finances. The sector involves long-term contracts, joint arrangements with international partners and major capital investments, all of which demand specialized financial and accounting skills. Developing these capabilities among finance professionals supports responsible management of natural resources, a key theme of Qatar National Vision 2030, and strengthens the workforce serving energy companies, contractors and the wider supply chain.

Join a scheduled class at our training center in Doha or attend live online. For organizations, the course can run as an in-house program at your premises or online, tailored to your sector, case studies and timetable.