Petroleum companies and national oil entities handle long project lives, shared ownership, large capital outlays and tax rules that differ from ordinary business, so a single misallocated cost can trigger audit disputes with partners and governments. Ten days give finance teams the technical grounding to account for and tax these activities correctly.
The first half covers accounting: exploration and evaluation costs under IFRS 6, successful efforts versus full cost, development and production assets, depletion by unit of production, decommissioning provisions, impairment, reserves reporting and revenue recognition for lifting and offtake imbalances. The second half covers joint operating agreement accounting, cash calls and audits, production sharing contract cost recovery and profit oil, royalties, petroleum income tax, ring-fencing, transfer pricing, withholding tax and tax planning for farm-ins and disposals. Applied labs use full worked models. Accountants, finance managers, tax advisers, auditors, joint venture and commercial analysts, and government revenue and petroleum ministry staff will benefit. Delivery is classroom-based in several cities, online or in-house, and a CPD-accredited Certificate of Completion is issued. Afterwards you can prepare accounts, joint venture billings and tax computations for upstream operations with confidence.
Upcoming sessions in Johannesburg
Upstream oil and gas accounting differs sharply from standard commercial practice. Costs are incurred years before any revenue, outcomes are uncertain, partners share risk through joint ventures, and governments take their share through contracts and special taxes. Mistakes in cost classification, cost recovery claims or tax filings can be very expensive and may damage relationships with partners and regulators.
This ten-day programme builds capability in two linked halves. The first five days establish the accounting framework: the petroleum value chain, the lifecycle of an asset, treatment of exploration and development expenditure, depreciation and depletion, reserves, decommissioning, impairment and the preparation of financial statements. The second five days apply that foundation to commercial and fiscal arrangements. Participants study joint operating agreements, cost recovery under production sharing contracts, concession and royalty regimes, corporate income tax rules, ring-fencing, indirect taxes, transfer pricing and the tax consequences of transactions.
Every topic is anchored in worked models in spreadsheets, supported by anonymised statements and joint venture billings. In the closing days, delegates complete an integrated case that takes a field from exploration to production, producing the accounts, partner statements and tax computation, and then defend their treatments to a review panel.
By the end of the course, participants will be able to:
Participants leave with:
The programme is technical and model driven, built around calculation practice. It includes:
Day 1: The Petroleum Business and Its Accounting Challenges
Day 2: Exploration and Evaluation Accounting
Day 3: Development, Production and Depletion
Day 4: Impairment, Decommissioning and Provisions
Day 5: Revenue, Lifting and Financial Statements
Day 6: Joint Venture Accounting
Day 7: Production Sharing Contract Accounting
Day 8: Petroleum Fiscal Regimes and Income Tax
Day 9: Cross-Border, Indirect and Transactional Tax
Day 10: Integrated Case and Panel Review
The course is designed for finance, tax and commercial professionals working in or alongside the petroleum sector, including:
Delegates who attend the ten days and complete the modelling labs and integrated case are awarded a CPD-accredited Certificate of Completion issued by Vision Reach Global Consultancy.
Everything you need to know about this course before you register.
By the end of the Oil and Gas Accounting and Taxation programme, you'll be able to explain the petroleum value chain and its implications for financial reporting, apply successful efforts and full cost methods to exploration, evaluation and development spending, calculate depletion, impairment and decommissioning provisions for upstream assets, and prepare joint venture accounts, cash calls and partner billings under a joint operating agreement. The full breakdown of topics is covered session by session in the Course Outline tab above.
The course is designed for finance, tax and commercial professionals working in or alongside the petroleum sector, including: Financial accountants and controllers in oil and gas companies, Joint venture accountants and partner accounting staff, Tax managers and external tax advisers, External and internal auditors of extractive entities, Staff of national oil companies and petroleum ministries, Revenue authority officials who audit petroleum taxpayers, Commercial and business development analysts, Oilfield services and contractor finance managers, and Investors and bank officers who review petroleum clients.
Oil and Gas Accounting and Taxation Training Course typically runs as 10 Days. It's available as in-person classroom, live virtual, and in-house corporate training — every course can also be delivered on-site for your team on dates that suit you.
Oil and Gas Accounting and Taxation Training Course is scheduled in-classroom in Nairobi, Kenya, Mombasa, Kenya, Naivasha, Kenya, and Kisumu, Kenya, and 14 other locations, plus a live interactive virtual classroom you can join from anywhere. Check the schedule panel above for exact upcoming dates and fees in each location.
The next live virtual cohort of Oil and Gas Accounting and Taxation starts October 12, 2026, with new classroom cohorts also running on a rolling basis. Pick a date and location in the schedule panel above, then click "Register for the Course" — it takes a few minutes and your seat is confirmed once payment or a signed purchase order is received.
Yes — delegates who meet the attendance requirement receive a Certificate of Completion for Oil and Gas Accounting and Taxation Training Course from Vision Reach Global Consultancy, issued in the name you register with, so double-check the spelling at checkout.
Oil and Gas Accounting and Taxation Training Course is pitched at intermediate professionals. If you're unsure whether it's the right fit for your current role or background, message our training advisors before you register and they'll help you confirm.
Fees for Oil and Gas Accounting and Taxation Training Course vary by delivery location and format and are shown in real time in the schedule panel above once you pick a date. Register 3 or more delegates on the same course together and a 5% team discount is applied automatically — larger cohorts can request a custom corporate quote.
Yes — Oil and Gas Accounting and Taxation Training Course can be delivered on-site at your offices (or virtually for distributed teams), with case studies and examples tailored to your industry and the specific challenges your team is working through. Switch to the "In-House" tab in the schedule panel above to request a proposal.
Related Training
Key Skills You'll Learn
Vision Reach Global
From $1,500 · KSh 115,000
Key Skills You'll Learn
Vision Reach Global
From $1,500 · KSh 115,000
Key Skills You'll Learn
Vision Reach Global
From $3,000 · KSh 230,000
Swipe to see more courses →
Also Training in Johannesburg
Key Skills You'll Learn
Vision Reach Global
From $1,500 · KSh 115,000
Key Skills You'll Learn
Vision Reach Global
From $1,500 · KSh 115,000
Key Skills You'll Learn
Vision Reach Global
From $1,500 · KSh 110,000
Key Skills You'll Learn
Vision Reach Global
From $1,500 · KSh 115,000
Key Skills You'll Learn
Vision Reach Global
From $1,500 · KSh 115,000
Key Skills You'll Learn
Vision Reach Global
From $1,500 · KSh 115,000
VRG brings strategic discipline to complex organizational challenges. Their approach is structured, data-driven, and outcome-focused.
Levis Wabwire
Managing Director
They facilitated our strategy review, we improved departmental KPI alignment by 35% and reduced operational bottlenecks significantly.
David Oketch
Strategy Lead
Employee engagement scores increased following the leadership training program. The difference in accountability culture is evident.
Wendy Albright
Program Manager
Looking for a different city or delivery format? See all schedules for Oil and Gas Accounting and Taxation Training Course or browse every course running in Johannesburg.