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| Date | Venue | Fees | |
|---|---|---|---|
| 04 - 08 May 2026 | London - UK | $ 5,950 | |
| 29 Jun - 03 Jul 2026 | Amsterdam - The Netherlands | $ 5,950 | |
| 03 - 07 Aug 2026 | Dubai - UAE | $ 5,950 | |
| 07 - 11 Sep 2026 | London - UK | $ 5,950 | |
| 09 - 13 Nov 2026 | Dubai - UAE | $ 5,950 | |
| 21 - 25 Dec 2026 | London - UK | $ 5,950 | |
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Online Schedule
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| Date | Venue | Fees | |
| 15 - 19 Jun 2026 | Online | $ 3,950 | |
| 09 - 13 Nov 2026 | Online | $ 3,950 | |
This 5-day International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream) training course develops an essential understanding of oil & gas accounting, reporting and performance measurement issues and practices. Participants strengthen their ability to prepare, use and critically evaluate financial information relating to upstream, midstream and downstream activities while applying specialist industry knowledge and relevant analytical skills. The course focuses on improving the relevance and reliability of financial reports and aligning reporting practices with international and national accounting standards most relevant to the sector.
Throughout this International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream) training course, delegates examine key accounting standards, production sharing contracts, joint venture arrangements and governance considerations affecting oil & gas organisations. Emphasis is placed on benchmarking performance using publicly available financial information and enhancing decision-making capability within complex regulatory environments. Participants leave with stronger analytical competence and greater confidence in applying IFRS within their organisations.
From this International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream) training course, participants will develop below key skills and competencies:
At the end of International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream) training course, you will learn to:
Each topic is introduced through structured presentations explaining activities, accounting methods and reporting implications. Learning is reinforced through worked examples and applied exercises completed individually or in groups. Solutions are reviewed in detail, supported by discussion of extracts from international oil & gas annual reports. Participants also benefit from daily opportunities to clarify concepts and deepen understanding of complex issues.
This training course is designed for professionals with a basic understanding of accounting who wish to deepen their knowledge of financial reporting policies and practices within the oil & gas and petrochemical industry.
This International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream) training course is suitable to a wide range of professionals but will greatly benefit:
This day examines the latest accounting issues impacting the oil & gas and petrochemical industry and explores the role of IFRS in addressing them. Participants analyse external economic factors and review financial statements of leading petroleum companies. The topics covered will include:
This day focuses on accounting treatment of assets and reserves within the sector under relevant IFRS standards. Participants explore impairment, valuation, inventory and depletion considerations. The topics covered will include:
This day addresses accounting standards related to business combinations, joint arrangements and production sharing agreements. Participants examine consolidation, disclosures and oil revenue allocation concepts. The topics covered will include:
This day explores cash flow reporting and financial instruments, including risk management and treasury considerations. Participants evaluate disclosures and financial strategies used by leading companies. The topics covered will include:
This day examines creative accounting risks and corporate governance structures within the industry. Participants review board, audit committee and internal and external audit responsibilities. The topics covered will include:
The success and sustainability of organisations in the oil and gas sector increasingly depend on robust treasury, risk management, and financial reporting capabilities. This comprehensive course...
View CourseToday, in the oil and gas industry there is an increased need for performance measurement, auditing, and reporting that integrates quality, environmental, and health and safety considerations with...
View CourseDelivering this training course in-house enables organisations to tailor IFRS implementation and reporting practices to internal accounting policies and sector-specific challenges. Customisation ensures alignment with organisational compliance requirements, enhances governance frameworks, and strengthens financial decision-making capabilities within the company.
Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.
Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.
Official Saudi Arabian division of GLOMACS with established global credibility.
Internationally benchmarked training courses aligned with professional best practices.
Trusted by professionals and institutions across public and private sectors.
Training courses delivered within Saudi Arabia and across international locations.
Organisations & Professionals in KSA will have the following additional benefits from this International Financial Reporting Standards (IFRS) for the Oil & Gas and Petrochemical Sectors (Upstream, Midstream & Downstream) training course:
No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.
No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.
No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.
Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.
Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.
For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars
If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.
For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]
Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.
GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.
Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.
Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.
Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.
Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.
Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.
