Oil and Gas Production in the form of accurate measurement and back-allocating volumes to the wells, efficient production deferment tracking, and enhanced integrated production planning process pose a challenge to proper management of an oilfield asset.
In the oilfield, it is a routine practice to carry out these activities (consciously or otherwise) without recognizing and adhering to best practices. The case study indicates that inaccurate measurements of crude oil & gas production represent about 10% revenue loss to an asset with attendant legal consequences or confidence impact in some instances.
This naturally cascades into unreliable business planning cycles and field reserve estimation. This Best Practice in Surface Production Operations Management training will go steps further to highlight current best industry practices with field experience including challenges and how to mitigate identified challenges. This training seminar will further show how an integrated production operations approach is applied in addressing these challenges including custody transfer and other terminal nodes.
This conference provides an understanding of the essential fundamentals of corporate finance, strategy, financial management, budgeting and costing. Contemporary practical examples are presented together with the theoretical principles to make the theory come to life. The overriding objective of this conference is to present a number of integrated and powerful principles and best practices to help develop analytical skills and the decision-making capacity of the participants.
ISO 45001 standard has replaced the popular OHSAS 18001 Regulations with the overall purpose remaining the improvement of occupational health and safety performance. ISO 45001 will more easily integrate with other ISO Management Systems standards including ISO 9001:2018 and ISO 14001:2018. ISO 45001 will require an organization to look beyond its immediate health and safety issues and take into account what the wider society expects of it. Organizations will have to think about their contractors and suppliers, as well as the effects their activities have on neighboring communities.
A good plan should begin with a good forecast, which in turn, may lead to a good budget. A strategy is a long-term plan of what the company is going to do to achieve its policy. The budget is the short-term plan of how strategies may be achieved. It is a quantification of the activities the company must develop to achieve its short-term plans.
For individuals and teams to consistently perform it is essential to equip them with the skills, knowledge, and behaviors required for success. This is an ongoing challenge due to the rate of change that organizations experience. The impact and importance of training within an organization can be measured and directly linked to the achievement of organizational goals and objectives.
The way forward for today’s HR professionals is to contribute to the business at a strategic level. The Chartered Institute of Personnel has published numerous articles on the new business needs for HR – all indicating the new need – for HR to be a strategic partner.
This advanced course for financial controllers emphasizes just-in-time information, dynamic budgeting and forecasting, statistical applications and the use and control of financial information.