Geoffrey Killick is an expert course director for an oil and gas accounting training course. He has over 35 years of experience working in commercial, financial, and accounting roles for oil and gas companies around the world. The four-day training course provides an understanding of accounting practices and financial reporting standards specific to the international oil and gas exploration and production industry. It covers topics such as accounting for costs at different project stages, preparing monthly and annual financial reports, and oil and gas industry terminology. The course is intended for accounting, finance, and other professionals involved in providing financial information for decision making.

1. www.petroEDGEasia.net
INTERNATIONAL E&P
OIL & GAS ACCOUNTING
Your Expert Course Director:
Geoffrey Killick
Geoffrey Killick is an oil and gas consultant specialising in commercial, financial and accounting
matters. In a career of over 35 years he has worked in the UK, Denmark, Netherlands, Norway,
Yemen, Oman, Guatemala, Colombia and Egypt.
What Past Participants said:
 “Excellent course going basic skills and knowledge for who involved in accounting process oil and gas” Auditor,
SKK Migas
 “Comprehensive & detail training of O & G Accounting” Audit Manager, SKK Migas
 “The course gave me sufficient finance theory enabling my day with finance colleagues and delivery of more
useful reports and offer requirements. Thanks.” Well Engineering Cost Engineering, Tullow Oil
 “This course is very beneficial to improve my knowledge in E&P business and help my understand scope of
work in financial perspective including increasing more awareness of financial risk & concerns of this area.”
Vice Presiddent Acccounting & Taxation, the Bangchak Petroleum Public Company Limited
 “Thank you for the wonderful training. Experience” Financial Analyst, Dept of Energy Philipines
Back by popular demand!

2. Conduct this training course in-house for more effective savings!
Call us at +65 6741 9927 or email to info@asiaedge.net. For more information, visit us at www.petroedgeasia.net
INTERNATIONAL E&P OIL & GAS ACCOUNTING
This four-day course provides a sound understanding of accounting and finance related issues, policies and practices specific to the
international oil & gas Exploration and Production (E&P) industry. You will explore each of the stages in the lifecycle of an oil & gas
project from rank exploration to production, how the technical work of exploration, development and production is actually carried
out and the types of costs involved at each stage. You will be exposed to how these activities are accounted for and reported under
international reporting standards such as GAAP and IFRS. You will learn how to prepare monthly and annual accounts for an
international E&P company with multiple E&P projects at various stages in their project lifecycle. You will also come to understand
matters related to preparing of reports, variance analysis and commentary to provide information both internally and externally. And
finally, you will appreciate how the operator of a joint venture collects and allocates expenditures so that they are accounted for
under each joint venture and reported against the correct budget and AFE for cost control purposes.
An emphasis on the nomenclature and terminology will be clearly defined to demystify the industry and enable more effective
communication with colleagues from non-financial backgrounds when discussing issues and requests for information for financial
purposes.
From attending this 4 day training course, you will be able to:
 Understand the stages of upstream oil and gas project lifecycle from rank exploration to production, the associated costs involved
at each stage and how they should be accounted for under international accounting standards such as GAAP and IFRS
 Determine the various types of accounting entries required to record revenue, exploration, appraisal, development and operating
expenditure and non-cash items to fairly reflect a company’s activities in its accounts
 Prepare a set of monthly accounts and standard reports for an international E&P company with multiple projects at varying stages
in their lifecycle together with accompanying variance analysis and commentary
 Prepare a set of monthly reports for international E&P activities as an operator for a joint venture including joint interest billing,
advance account statement and cost control report
 Make year-end closing entries and prepare a set of annual accounts in compliance with international oil and gas reporting
standards
 Appreciate the main technical aspects of the oil and gas industry and the terminology used in the industry including the origin of
hydrocarbon reserves, the earth’s geology, methods of exploring for, drilling and producing oil and gas
Who should attend?
This course has been developed for accounting and finance staff within the industry who need to broaden their understanding of the
fundamentals of upstream oil and gas accounting. It is also relevant to those within the industry who have responsibility within their
area of activity to provide information to be used for financial purposes and to use information provided by finance and accounts for
analysis in decision making.
Suggested attendees include, but not limited to:
Finance * Joint Venture Accountants * Management Accountants* Financial Analysts and Modellers* Economists * Controllers *
Project Costing Professionals * Budgeting & Planning Executives * Internal Auditors * Asset managers
About the Expert Course Director: GEOFFREY KILLICK
Geoffrey Killick is an oil and gas consultant specialising in commercial, financial and accounting matters. In a career of
over 35 years he has worked in the UK, Denmark, Netherlands, Norway, Yemen, Oman, Guatemala, Colombia and Egypt.
He has significant sector-specific financial, transactional and commercial experience gained at senior management and
board level.
His industry experience includes listing an E&P Company on AIM, Debt and Equity Fundraising, Annual Report and Accounts, Mergers
and Acquisitions, Deal Negotiation and Closure, General Management, Project Evaluation, Negotiation of Exploration and Exploitation
Licences, Negotiation of Joint Operating Agreements, Financial Management, Internal and Joint Venture Accounting and Reporting,
Accounting Design and Implementation.
Previous roles include CFO & Company Secretary for Taghmen Energy Plc, General Manager for LUKoil’s operations in Egypt, Finance
Director of Felix Mining Ltd, and Deputy General Manager & Finance Manager for Nimir Petroleum Company, Yemen. From 1989 to
1992 he worked for Kerr McGee plc as Accounting Manager, UK. Prior to 1989, he worked for Texas Eastern North Sea (UK) Inc,
Charterhouse Petroleum plc and Phillips Petroleum (Europe Africa) Inc. He holds an honours degree in Economics from University of
Wales, Swansea and is a Fellow of the Institute of Chartered Management Accountants.

3. Conduct this training course in-house for more effective savings!
Call us at +65 6741 9927 or email to info@asiaedge.net. For more information, visit us at www.petroedgeasia.net
INTERNATIONAL E&P OIL & GAS ACCOUNTING
COURSE OUTLINE
DAY ONE
BACKGROUND TO OIL AND GAS ACCOUNTING
 Overview of Life Cycle of an Oil and Gas project
 Technology behind the industry
 Disclosure of Commercial Reserves
 Major issues facing Upstream Oil & Gas Accountants
ACCOUNTING AND REPORTING SYSTEM
 Fundamental principles of Financial Reporting
 Developing a robust chart of accounts – Variables / Fields
 Entity reporting and consolidations
 Nominal accounts, main and sub codes
 Establishing and reporting against cost centres
 Generating budget and AFE cost control reports
 Joint venture bill codes, charge codes and corporate costs
 Single and dual currency ledgers
 Exchange rates and revaluation entries
 Cash basis v Accruals basis reporting
 Adjustments and correcting entries
RECORDING CASH CALLS AND MONITORING COSTS
 Payments and receipt of Cash Calls, Bank accounts
 Recording costs of monitoring non-operated projects
DAY TWO
RECORDING EXPENDITURE, ESTIMATING AND ANALYSIS
 Exploration and appraisal costs
 Drilling and completion costs
 Project development expenditure
 Operating expenditure
 Direct and indirect time written costs and allocated overheads
 Parent company overhead charge
 Accruals and estimates
 Recording joint interest billing – estimated and actual
Course registration begins at 8:30am on Day 1.
The course will commence at 9am daily
There will be breaks for mid-morning refreshments, lunch, and mid-
afternoon refreshments. The course will end by 5pm on all days.
RECORDING REVENUE AND DD & A
 Measurement of production and production records
 Revenue accounting and sales receipts
 Calculating underlift / overlift position, booking revenue
 Calculating revenue under take or pay gas contracts
 Recording royalty and production taxes
 Reserve classifications and reporting and their use in
accounting
 Calculation and recording of DD&A
 Recording provision for decommissioning
 Workshop: prepare a set of production accounting records
 Workshop: calculate the entries to book oil revenue in an
overlift position
 Workshop: calculate the entries to book gas revenue in a pay
position
DAY THREE
MONTHLY / QUARTERLY ACCOUNTING CYCLE
 Month end closing routine – checklist
 Preliminary and final close
 Key account analysis and reconciliations
 Standard monthly reports & key performance indicators
 Inclusion of non-financial reporting
 Inventory accounting: materials & supplies
 Monthly non-financial reporting and analysis
 Workshop: prepare a set of monthly accounts and basic reports
 Workshop: prepare a set of quarterly accounts and basic
reports
DAY FOUR
YEAR-END ACCOUNTING ROUTINES
 Adjustments to make financial statements IFRS / GAAP
compliant
 Additional entries for year end
 Preliminary closing routing for year end
 Closing entries at year end
 Final close, analysis and prepared by client schedules
 Preparing a set of year end accounts

4. Conduct this training course in-house for more effective savings!
Call us at +65 6741 9927 or email to info@asiaedge.net. For more information, visit us at www.petroedgeasia.net
INTERNATIONAL E&P OIL & GAS ACCOUNTING
DELEGATE DETAILS
Delegate 1 Please note
- Indicate if you have already registered by Phone +Fax +Email +Web
- If you have not received an acknowledgement before the training
course, please call us to confirm your booking.
- Photocopy this form to register multiple delegates.
PAYMENT METHODS
By Cheque/ Bank Draft
Make Payable to Asia Edge Pte. Ltd.
By Direct Transfer
Please quote your invoice number with the remittance advise
Account Name: Asia Edge Pte. Ltd.
Bank Number: 508 Account Number: 762903-001 Swift Code:
OCBCSGSG
All bank charges to be borne by payer. Please ensure that Asia Edge Pte
Ltd receives the full invoiced amount.
PAYMENT POLICY
Payment is due in full at the time of registration. Full payment is
mandatory for event attendance. By submitting this registration form,
you have agreed to Asia Edge Pte Ltd’s payment terms
CANCELLATIONS & SUBSTITUTIONS
You may substitute delegates at any time. For cancellations received in
writing more than seven (7) days prior to the training course, delegates
will receive a 100% credit on the amount paid which can be used in
another Asia Edge Pte. Ltd. training course for up to one year from the
date of issuance. The credit is transferable to other persons in the same
company and applicable against any future Asia Edge Pte. Ltd. public
course. For cancellations received seven (7) days or less prior to an
event (including day 7), no credit will be issued. In addition, a
cancellation fee equivalent to 15% of the course fee will be charged. In
the event that Asia Edge Pte. Ltd. postpones or cancels a course,
delegate payments at the date of cancellation or postponement will be
credited to a future Asia Edge Pte. Ltd. course. This credit will be
available for up to one year from the date of issuance, and it is
transferable to other persons in the same company and applicable
against any future Asia Edge Pte. Ltd. public course. Asia Edge Pte. Ltd.
does not provide refunds for cancellations and postponements or waive
fees for unpaid invoices upon receipt of registration.
PROGRAM CHANGE POLICY
Please note that speakers and topics were confirmed at the time of
publishing; however, circumstances beyond the control of the
organizers may necessitate substitutions, alterations or cancellations of
the speakers and/or topics. As such, ASIA EDGE PTE LTD reserves the
right to alter or modify the advertised speakers and/or topics if
necessary. Any substitutions or alterations will be updated on our web
page as soon as possible.
This brochure may not be copied, photocopied, reproduced, translated,
or converted to any electronic or machine-readable form in whole or in
part without prior written approval of ASIA EDGE PTE LTD
ASIA EDGE PTE. LTD.
Company Registration No: No. 200710561C
Copyright@ 2005 ASIA EDGE PTE LTD. All rights reserved.
 Mr  Ms  Mrs  Dr  Others:
Name :
Job Title :
Department :
Telephone No. :
Email :
Delegate 2
 Mr  Ms  Mrs  Dr  Others:
Name :
Job Title :
Department :
Telephone No. :
Email :
Company :
Address :
Country : Postcode:
Attention
Invoice to :
Telephone No. :
Fax No. :
4 EASY WAYS TO REGISTER
 Online: www.petroedgeasia.net
 Email: info@asiaedge.net
 Phone: +65 6741 9927
 Fax: +65 6747 8737
INTERNATIONAL E&P OIL & GAS ACCOUNTING
R E G I S T R A T I O N F O R M