Oil and Gas Integrated Joint Venture (IJV) Funding Workshop- OG 8017

7th June - 18th June 2021 (London, UK) 2nd August - 13th August 2021 (London, UK) 1st November - 12th November 2021 (London, UK)

Course Overview

The workshop is designed to develop a focused strategy and plan, with total clarity, of what needs to be done to make this happen. The end result is a personal and practical action plan that will support you through the process.There are many challenges and opportunities ahead and this workshop will prepare leaders with a clear strategy for the way forward.

This workshop will provide delegates with:

  • Necessary skills to manage joint venture cash calls, and
  • How to request cash payments from partner’s future venture operations.
  • How to calculate partner’s shares for venture expenses and revenue, monitor partner’s cash calls and receivables.
  • How to calculate different types of overheads as agreed in the joint operating agreement, and
  • How to manage exchange rate exposures.

 

Learning Outcome

Learn best practice strategies and tactics for joint operating agreement, joint venture accounting and cash calls. Also acquaint yourself with the recent developments in the oil and gas industry. It is a practical based training allowing participants the opportunity to acquire hands-on experience.

Indicative Contents

  1. Introduction
    • What is a Joint Venture?
    • Joint Operating Agreement.
  2. Budgeting & Budgetary Control
  3. Budget Approval Process
  4. Project Control and Coordination
  5. Project Performance Reporting
  6. Real time project status
  7. Cash Calls & cashcalling process
  8. Time value of Money- borrow or not
  9. Expenditure Performance Reporting
  10. Cash Flow Management & Funding
    • Currency Exposure Management
  11. Structuring for a funding Gap
    • Carry agreement (CA)
    • Alternative funding (AF)
    • External funding (EF)
    • Self-funding mechanism
    • Special purpose vehicle approach
  12. Joint Venture Accounting & Partners Billing
  13. Financial reporting
  14. Working capital and cashcall impact

 

More Detail
Duration This is at two-week programme spread over 10 working days. working days
Certification A certificate of completion is granted on successful completion of the programme
Location London-UK
Travel and accommodation Travel and accommodation to be paid for at source by delegates
Fees £4,750 (Excl.VAT) per delegate for 2 weeks.
Zenith Professional Training