Planning, Budgeting & Cost Control in Petroleum Industry

Overview:
A budgeting process and control is more than a row of
numbers. It is a tool for establishing priorities of action, determining program content, and exercising control of operations. This training focuses on budgeting process and control from a company and departmental viewpoint, operating as a cost center, and using the information for budgetary decision making and establishing the control in the Petroleum Industry.

Objectives:
• How to construct an oil & gas budget, process and control
to maintain the best performance of the company.
• How to develop capital budgets and allocate capital.
• Learn about financing alternatives available to oil and gas companies.
• How to develop the company›s cost of capital.
• What are the various financial issues associated with oil
& gas project development, execution and operations.

Who Should Attend:
• New accountants and financial analysts in the oil and
gas industry.
• Oil and gas company staff, supervisors and managers who need to improve their understanding of budgeting process and how to establish a sound control system.
• Anyone who wish to gain a practical knowledge in budgeting process and control in order to understand the impact of financial issues on project selection and company performance.