All businesses in the current environment need a competitive edge. This can be gained through innovative and exciting products and services, or effective and efficient world-class employees. Top performing organizations are passionate about their most valuable resource - their staff. To maintain their high standards a large proportion of their time and energy is spent on continuous professional development, not only of their employees but of their business. This course investigates the tried and trusted management processes, procedures, and methodology used by many blue-chip companies. They use the tools to develop high levels of performance from their staff. This in turn ensures the future and reputation of their companies through innovative development, service, and evaluation. This course offers participants practical solutions to work-related issues.
This program develops an essential understanding of Oil & Gas Exploration & Production (E&P) accounting, reporting, and performance measurement issues and practices. It develops your ability to prepare, use, and critically evaluate information on E&P activities, applying specialist industry knowledge and relevant analytical skills.
The program is designed specifically for those who have a basic understanding of accounting but who need to understand more about accounting and financial reporting policies and practices in the upstream oil and gas industry.
Topics covered include the successful efforts and full cost methods of accounting, the classification of assets as tangible or intangible, the unit of the production method for depreciation of capitalized costs, the testing for impairment of oil and gas assets, and accounting for removal and restoration of oil and gas facilities
This training course provides deep knowledge of corrosion and focuses on the examination and identification of metallurgical problems that occur in process units and methods of monitoring and damage reduction.
The equipment costs are a considerable part of the investment in the petrochemical and water industry, and for long-distance, large-diameter pipelines, they can become prohibitively high if the corrosivity of the fluid necessitates the use of corrosion-resistant alloys instead of carbon steel. Better understanding and control of the corrosion of carbon steel can increase its application range and therefore have a large economic impact.
Corrosion Control is an essential requirement in Oil & Gas activities. It utilizes the application of engineering principles and procedures to minimize corrosion to an acceptable level by the most economical method. It is rarely practical or economical to eliminate corrosion completely and in practice, one or more of the following methods would be applied.
Corrosion monitoring provides an early warning that damaging processes or conditions exist which may result in corrosion-induced failures. Moreover, it indicates the correlation of changes in process parameters and their effect on system corrosion. Corrosion Monitoring is essential to evaluate the service life of pipelines and to detect when would be the nearest replacement/shutdown
Withholding tax is the money an employer deducts from an employee’s gross wages and pays directly to the government. The amount withheld is a credit against the income taxes the employee must pay during the year.
Financial experts are frequently called to provide financial analyses and estimates to aid management in making choices. You will be able to create financial analysis models, comprehend and evaluate the time value of money, and create predicted financial statements if you take this course.
Managers and customers expect to get value for money. A significant number of projects have been canceled or are seen as a failure because they ran too far over budget. This five-day program will present the participants with straightforward approaches to developing a cost baseline and setting up a cost tracking system so that the budget is well managed during the project’s life cycle
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