Location

Duration

Date

Fee inclusive of VAT

Course Overview

Industry has a wide range of service contracts starting from exploration activities, ending with the lodging and accommodation services depending on the operation philosophy which may focus on the core activities and outsourcing all other activities or else.

This course covers the principals of auditing the service contract in the oil and gas industry from the financial side. Financial auditing of the oil and gas service contract starting from the bidding activities to the formulation of the contract and the contract implantation and even during and after the contract warranty period. This course will focus on the classification of oil and gas industry service contracts related to the industry activities. Also it will focus on the general conditions of the service contracts as well as the special conditions, in addition to service contract implementation and disputed elements and its financial impact (disputed resolution, arbitration, mediation ... etc).

The goal of this course is to enhance the participants’ knowledge, skills, and attitudes necessary to audit the service contract in the oil and gas industry from the financial side.

Course Objective

Understand the market environment.
Financially audit of the service contract during the bidding activities.
Financially audit the contract formulation.
Financially audit service contract during and after the warranty period.
Financially audit database and contract evaluations

Who Should Attend?

Internal auditors, Mangments Team ,Suppervisors and accountants.

Course Outline

Market environment
Market Service contract classification
Financial auditing activities during the bidding activities
Financial auditing during contract formulation activities
Financial auditing after completion
Exercise: Develop financial auditing module applicable to the participant work environment.

Training Methodology

Presentation & Slides
Audio Visual Aids
Interactive Discussion
Participatory Exercise
Action Learning
Class Activities
Case Studies
Workshops
Simulation

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy

Upcoming Courses

Managing Multiple Task Priority & Dead

The level of competition in current business environments requires a

Cost Estimation & Budgeting

Cost estimates are summary figures for a project. Cost budgets alloca

Skill Building, Coaching, Forecasting,

Skill building and Leadership skills are significant part of the answ

Financial Planning & Budgeting

In today's highly volatile environment, estimating future costs a

Budgeting, Planning & Management Repor

Budgeting lies at the heart of business management, yet businesses of

Creative Ways to Solve Problems & Make

Diagnosis of creative problem solving is critical to the success of y

Contract Writing: Understanding & Impl

Identify administration tools and the roles of the contract administr

Supply Chain Management

This course is an introduction to the supply chain concept and will e

Management >> Costing Finance and Accounting

Financial & Administrative Audit

MF107