Certified Oil & Gas Analytics and Audit Professional

NAME OF THE COURSE
Certified Oil & Gas Analytics and Audit Professional
 
CERTIFICATION
Certified Oil & Gas Analytics and Audit Professional
 
COURSE OVERVIEW
“Data Mining,” as a major component of Data-Driven Analytics, is becoming an important point of competitive differentiation in the upstream oil and gas industry. As the efficiency in production and enhancing recovery becomes an increasingly important issue in the oilfield, companies are realizing that in “Data,” they possess a vast source of important facts and information.
To support and/or substitute traditional approaches to analysis, modelling and optimization, “Data,” reflecting the field measurements, can provide much-needed insight. Data-Driven Analytics is the set of tools and techniques that provides the means for extraction of patterns and trends in data and construction of predictive models that can assist in decision making and optimization.
 
TRAINING DURATION
Training Hours per day : 4-6 Hours
Total Training Hours : 20-24 Hours
Training Duration      : 5 Days
Total Training  Days  : 5-10 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions : 4 – 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBLE FOR
  • Audit staff with an audit background but new to the oil and gas industry
  • Finance professionals without an audit background who are working in the oil and gas industry
  • Industry regulators who want to gain an understanding of the audit process
  • Commercial managers who want to better understand the audit process
  • Treasury and tax specialists who want a broader understanding of the auditing issues
 
COURSE BENEFITS
  • Understand the key risks faced by exploration and production companies
  • Understand the need for audits in the oil and gas industry
  • Understand the types of audits that can be performed to address the key risks (joint venture audits, contractor audits and internal audits)
  • Understand the key aspects of planning the audit
  • Understand fundamental audit methodology within each type of audit engagement
 
COURSE CONTENTS
 
Analytics
 
  • Introduction of Data Analytics in Oil & Gas / Refinery / Petrochemicals
  • Basics of Analytics I (Descriptive Statistics)
  • Basics of Analytics II (Inferential Statistics)
  • Linear Regression
  • Logistic Regression
  • Clustering
  • Decision Tree
  • Time Series Modelling
  • Predictive modelling techniques (Practical)
  • Maintenance Strategy Optimization (Practical)
  • Spare Parts Optimization (Practical)
  • Data Visualization
 
Core Analytics skill on :
 
Supply and demand outlook (crude, petroleum products, natural gas, and LNG)
  • Impact of oil supply/demand on pricing, production levels, refining, and trade flows
  • Product balances and inventories
  • The role of non-OPEC oil production
  • Overview of natural gas
  • Overview of LNG (liquefied natural gas)
  • LNG pricing structures (short and long term)
  • Oil and gas/LNG storage
  • Challenges and opportunities facing the oil and gas markets
  • Supply/demand driving forces
  • Refining overview (recent developments and the outlook for the refining sector)
  • OPEC and its impact on the global oil recovery
  • Price Outlook (WTI, Brent, etc.)
  • Natural gas consumption by sector and region
  • Breakdown of the LNG value chain
 
Audit
  • Fraud, Impairment and Provisions
  • Fraud, Fraud Prevention and Detection
  • Procurement Issues
  • An effective internal audit function in Oil and Gas Companies
  • Operational Audits
  • Decommissioning and Environmental Provisions
  • Non-current Assets and Impairment
 
Reserves, Financial Instruments and other Issues
  • Auditing Oil and Gas Reserves
  • Relying on the Work of Experts
  • Financial Instruments
  • Other Auditing Issues
 
Corporate Governance, Internal Controls and Audit Reports
  • Governance Issues
  • Sarbanes Oxley
  • External and Internal Audit Reports
  • Corporate Boards – perspective on risk and compliance issues

 

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