You're now visiting the official Saudi
website of GLOMACS International

Oil & Gas and Petrochemical Accounting & Performance Measurement

An Interactive 5-Day Training Course

Oil & Gas and Petrochemical Accounting & Performance Measurement

Measuring Financial Performance to Ensure Future Profitability, Liquidity and Growth

NASBA
Classroom Schedule
Date Venue Fees
29 Jun - 03 Jul 2026 Dubai $ 5,950
17 - 21 Aug 2026 Vienna $ 5,950
19 - 23 Oct 2026 Dubai $ 5,950
07 - 11 Dec 2026 London $ 5,950
15 - 19 Mar 2027 London $ 5,950

Course Summary

This Oil & Gas and Petrochemical Accounting & Performance Measurement training course is designed to develop the essential skills necessary to prepare and evaluate oil & gas and petrochemical accounting and performance measures, with a specific focus on current sector risks including price volatility and demand changes. Participants will learn the latest techniques for evaluating financial, operational, and social performance while applying relevant International Financial Reporting Standards (IFRS) to prepare financial statements in accordance with global best practice. The training course emphasises strategic decision-making that enhances financial performance and resilience, enabling delegates to make informed decisions that support organisational profitability and growth.

Across five days, delegates will explore issues facing multinational companies, joint ventures and production sharing agreements while mastering tools to manage sector-specific challenges in performance measurement. By integrating technical accounting skills with performance evaluation frameworks, participants gain a comprehensive understanding of financial statement preparation and performance analysis suited to dynamic oil-and-gas environments. The Oil & Gas and Petrochemical Accounting & Performance Measurement training course supports finance professionals and decision-makers in strengthening their capability to drive financial clarity and operational insight in complex industry settings.

Skills & Competencies

From this Oil & Gas and Petrochemical Accounting & Performance Measurement training course, participants will develop the following key skills and competencies:

  • Financial accounting for oil & gas sectors
  • IFRS application in specialised industries
  • Performance measurement and financial analysis
  • Strategic decision support capability
  • Operational performance evaluation
  • Risk assessment and mitigation understanding

Key Learning Outcomes

At the end of Oil & Gas and Petrochemical Accounting & Performance Measurement training course, you will learn to:

  • Evaluate the major issues facing the oil & gas and petrochemical sector.
  • Prepare financial statements in line with International Financial Reporting Standards (IFRS).
  • Assess financial and operational performance of international companies.
  • Understand the sector’s contribution to national governments and fiscal budgets.
  • Recommend strategic plans to improve organisational performance.

How You Will Learn

Learning develops through exploration of accounting principles, performance evaluation techniques, and sector-specific challenges. Participants engage with real-world financial data, analytical frameworks, and internationally recognised standards to strengthen understanding of oil & gas financial reporting and performance measurement. Emphasis is placed on applying these techniques in practical contexts to enhance professional relevance and workplace impact.

Who should Attend?

This training course is tailored to professionals working in the oil & gas and petrochemical sectors who are responsible for finance, performance measurement, compliance, or strategic analysis. This Oil & Gas and Petrochemical Accounting & Performance Measurement training course is suitable to a wide range of professionals but will greatly benefit:

  • Corporate accountants and financial controllers
  • Treasury officers and management accountants
  • Joint venture accountants and auditors
  • External, financial and internal auditors
  • Government regulators and financial analysts
Course Outline
Day 1

The Oil & Gas and Petrochemical Sectors – Identifying the Issues affecting Accounting & Performance Measurement

This day introduces the macro and sector-specific dynamics that impact financial reporting and performance measurement in oil & gas and petrochemical industries. Participants explore volatility factors, strategic choices, and resources considerations that influence financial outcomes. The topics covered will include:   

  • Latest Events in the Oil & Gas and Petrochemical Sectors - price volatility and supply & demand changes
  • Managing the Macro-economic Factors, e.g. interest rates, exchange rates, oil prices
  • Resources & Reserves
  • Strategic Choices currently facing the Sector
  • Capital Investment Issues
  • Performance across the Sector
Day 2

Major Accounting Issues in the Oil & Gas Sector and Petrochemical

This day focuses on specialised accounting issues unique to oil & gas and petrochemical operations, including revenue recognition and cost accounting across exploration and production phases. The topics covered will include:

  • Revenue Recognition
  • Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
  • The Crack Spread – issues facing Refineries and Petrochemical companies
  • Break Even Oil, Cost Oil & Profit Oil
  • IFRS in Relation to the Oil & Gas Sector and Petrochemical Sector
  • IFRS 6 Exploration & Evaluation of Mineral Assets
Day 3

Accounting for Assets

This day addresses key accounting standards relevant to asset recognition, valuation, and reporting in the sector. Participants learn how to apply IFRS guidelines to assets and impairment testing. The topics covered will include:  

  • IAS 16: Property, Plant and Equipment
  • Depletion, Depreciation & Amortisation (“DD&A”)
  • IAS 36: Impairment of Assets
  • IAS 37: Provisions, Contingent Liabilities and Contingent Assets
  • IAS 38: Intangible Assets
  • IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement
Day 4

Measuring Financial Performance

This day explores financial performance analysis techniques, including profitability, cash flow, and investment evaluation. Participants apply tools to assess financial health and performance metrics. The topics covered will include:

  • Cross Sectional & Time Series Analysis
  • Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis
  • Cashflow Analysis and Its Importance in the Oil & Gas sector
  • Dupont Analysis – Evaluating and Improving Return On Equity (ROE)
  • Evaluation of Share Price and Investment Performance
  • Evaluating the Financial Performance of Leading International Companies in the Sector
Day 5

Measuring Operational & National / Government Efficiency and Performance

This day emphasises operational and national performance measures, including reserve metrics and fiscal budget evaluations. Participants learn how to assess operational efficiency and government sector impacts. The topics covered will include:   

  • Measuring Reserves – Life, Reserves per Well, Replacement Ratio etc. and The Impact for Refineries and Petrochemical Companies
  • Finding, Development & Production Capability & Efficiency
  • Evaluating the Operational Performance of Leading International Companies in the Sectors
  • Earned Value Added Analysis of Projects
  • Evaluating the Fiscal Budgets of Oil & Gas Producing Countries
  • National / Government Measures of Efficiency & Performance
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this training course in-house enables organisations to align accounting and performance measurement frameworks with internal financial reporting requirements and sector risks. Customisation supports leaders and finance professionals in addressing specific challenges related to oil & gas financial management, enhancing organisational capability and decision-making effectiveness.

Why Choose Saudi GLOMACS?

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 Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Oil & Gas and Petrochemical Accounting & Performance Measurement training course:

  • Enhanced financial reporting accuracy
  • Stronger risk-aware financial management
  • Improved performance evaluation skills
  • Greater ability to support strategic decision-making
  • Increased understanding of sector impacts on fiscal policy
  • Stronger alignment of finance and operational goals
Related Courses
What Our Clients Say

This was a good training programme. I am much more better equipped in oil and gas accounting than before I came for this training.

- Elizabeth Aanu Adeniyi

Fantastic delivery of the course!

- Charles D. Williams

A great instructor for this course. Let’s call him Mr. Accounting made easy.

- Kalio Japer Tamuno
Frequently Asked Question

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.

View All Training Locations

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.

Related Categories & Certificates