Training Details
- Financial planning: importance and objectives.
- Cautions of relying on financial statements for the purposes of planning and financial control:
- Presentation of distortions of the financial statements.
- Applications to the oil sector.
- Entrances to preparing the planning budget under conditions of danger and under conditions of complete certainty:
- Entrance of energy / - Entrance of the market / - Entrance of profitability.
- The experience of countries inside and outside OPEC.
- Problems of measuring, evaluating and presenting oil assets:
- Costs of acquiring fixed assets in the oil sector / - Costs of exploiting oil assets.
- Depletion rate method, depreciation of capital costs for producing wells.
- Depreciation of the assets of refineries and oil tankers.
- Evaluation and presentation of oil assets in financial reports.
- Addressing borrowing costs and financing burdens, in light of the requirements of International Standard No. 23 ).
- Assets provided to the sector as governmental or international grants, and the requirements of International Standard No. 20).
- Addressing the costs of research and development in the field of oil derivatives, and the requirements of the international standard No. 38 ).
- Oil reserves and related applications.
- Leased assets and assets leased financially or operationally, and the requirements of International Accounting Standard No. 17 ).
- Oil projects and their planning problems:
- The oil industry, and related legal dimensions.
- Doctrinal problems in the oil industry, and the governing laws.
- Surveying and evaluating the feasibility of oil projects.
- Special problems in the feasibility of oil projects:
- Dry and abandoned wells, and applications of the theory of successful efforts.
- Reserve estimates, and the economic value of associated gases.
- Planning revenues from sales of crude oil, planning refinery raw materials costs, and depending on the standards API.
- The environmental impact, and the costs of the refinery's products from oil derivatives.
- Planning and controlling the costs of a barrel of crude oil and the costs of a unit of gas, and the distribution of joint costs between oil derivatives:
- Using the British Thermal Unit method.