Auditing In The Exploration & Production (E&P) Industry Level 1

This 3-day introductory-level course provides a comprehensive overview of Auditing in the Exploration & Production (E&P) industry. It is suitable for anyone who wants to gain a broader understanding of Upstream Oil & Gas Auditing – including joint venture, financial and contractual audits by government and regulatory authorities in the various granting regimes (Production Sharing Contracts, Risk Service Contracts, Concessionary).

Learning Objectives:

• Gain knowledge of the unique features or key phases of the E&P Business
• Understand the general principles and objectives of the various different types of Upstream Oil & Gas audits
• Add value to your organisation by improving your audit techniques and auditing skills
• Review the importance of following process in order to avoid costly audit related findings.
• Utilize industry specific examples and exercises, develop your understanding of the most common E&P industry audit issues

Target Audience:

• Audit staff who are new or relatively new to the industry and who require a grounding in the various aspects of E&P Audit
• Finance or Accounting personnel involved in supporting audits
• Staff from a wide range of other business functions who are connected to / impacted by audit, such as, Supply Chain, Operations, Contracts Holders, IT, Tax and Treasury
• Topics will be covered from both the perspective of being part of an audit team plus that of the team being audited. Therefore, the course will appeal to staff from IOC’s, NOC’s and those from Government and/or Regulatory Authorities.