An expanding global oil and gas economy has dramatically changed the role of financial decisions and the magnitude of their affect throughout the company. Decisions about personnel; drilling for reserves, production, acquiring or divesting assets; or forging strategic alliances are financial in nature. The participant will learn how to use the concrete techniques that enable him to make truly informed decisions, in order to increase his company’s value.
To enhance the participant’s knowledge, abilities, and skills necessary to understand and use latest financial management and control techniques for the oil and gas industry
By the end of this workshop you will be able to:
Read and understand oil and gas financial statements
Identify financing alternatives available to oil and gas companies
Make a long- and Short-term financial decision
Determine the sustainable Rate of Growth
Understand the processes of forecasting and budgeting
Understand risk and valuation concepts
How to develop the company’s cost of capital
Determine market value added and economic value added
What are the various financial issues associated with international operations
Controllers, senior finance managers, executives and Staff working in the finance and commercial departments.