This course is designed for:

• • Engineers, project managers, geoscientists, commercial teams, and other non-financial professionals in oil & gas
  • Mid-level to senior professionals who need to interface with finance teams or manage budgets
  • Team leaders or department heads transitioning into more strategic roles
  • Anyone in the industry who wants to gain confidence with numbers, reports, and financial decision-making

This course uses a practical, hands-on approach to simplify complex financial concepts and make them directly applicable to non-financial professionals in the oil & gas sector. The content is grounded in real-world industry scenarios to ensure relevance across upstream, midstream, and downstream roles. The program includes:

• • Interactive presentations and guided discussions tailored to non-finance professionals
  • Simplified financial exercises using Excel to build confidence with core concepts (no prior technical background required)
  • Case-based simulations and practical illustrations drawn from oil & gas operations and investment decisions
  • Peer-to-peer learning and role-based reflection to bridge financial thinking with everyday operational challenges

Module One: Making Sense of Financial Statements

• • Understanding the income statement, balance sheet, and cash flow in the oil & gas context
  • The logic behind accrual accounting and how it differs from cash flow
  • The lifecycle of financial data: from field operations to boardroom reporting
  • How working capital affects project timelines and liquidity
  • Real-life walk-through of oil & gas financial statements

Module Two: Oil & Gas Accounting Principles and Performance Metrics

• • Key differences between US GAAP and IFRS in the energy sector
  • Exploration and evaluation (E&E) costs: successful efforts vs. full cost method
  • Asset classification: tangible vs intangible, capital vs operational
  • Finance principles across upstream, midstream, and downstream operations
  • Financial and operational KPIs: ROCE, lifting costs, breakeven, reserve ratios

Module Three: Budgeting and Forecasting for Field and Project Managers

• • The purpose and politics of budgeting in capital-intensive industries
  • Budgeting and adjusting budgets in uncertain environments
  • Forecasting models: top-down, bottom-up, and rolling forecasts
  • Variance analysis: interpreting gaps between plans and outcomes
  • Cost structures in oil & gas: fixed, variable, sunk, and avoidable

Module Four: Capital Budgeting and Investment Appraisal

• • Time value of money: why timing of cash flows matters
  • Evaluating projects with NPV, IRR, Payback Period, and Profitability Index
  • Scenario and sensitivity analysis for volatile markets
  • WACC in the oil & gas industry
  • Tools to rank competing investment opportunities under capital constraints

Module Five: Managing Financial Risk and Strategic Finance

• • Types of financial risk in oil & gas: forex, commodity price volatility, interest rates, etc.
  • Linking project risk to financing and valuation
  • Introduction to hedging strategies for oil & gas
  • Corporate governance, financial controls, and your role as a non-finance leader
  • Communicating effectively with finance teams: what to ask, what to expect, what to challenge

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.

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