MDT International practical training courses are focused not only on growing professional knowledge, but also on accelerating career progression.

They’re founded on subject matter theory, of course, but encompass relatable examples, relevant case studies and up-to-the-minute industry developments.

The following is an overview of available upcoming training courses in Dubai, Kuala Lumpur, London and Aberdeen:

Introduction to the Oil & Gas Industry

London:
Date: 12-13 June 2023

Aberdeen:
Date: 21-22 August 2023

This wide-ranging and practical industry overview covers each key phase of the exploration and production industry. It offers oil and gas professionals the opportunity to gain a technical and commercial understanding of the industry fundamentals.

What you will learn:

• The scientific origins of oil and gas
• The commercial issues underpinning hydrocarbon exploration and development
• The role of government and its agencies
• Oil and gas terminology
• The technical process of exploration
• The technical process of drilling
• The technical process of production
• The challenges of decommissioning

Who Should Attend

This course is extremely popular with personnel from all sectors of the oil and gas industry – government agencies, authorities, operators, contractors and service companies. It is especially valuable for newcomers to the industry and non-technical personnel working in areas like HR, Finance, IT, Contracts and Administration or for those working one specific discipline who feel they could benefit from gaining a wider appreciation of the ‘big picture’.

Full details

Exploration and Production Accounting - Level 1

Dubai
Date: 03 - 05 May 23

Kuala Lumpur
Date: 31 May - 02 Jun 23

London
Date: 14 - 16 Jun 23

Aberdeen
Date: 23 - 25 Aug 23

This introductory-level course provides a comprehensive overview of international accounting and finance practices in the E&P industry. It is particularly suitable for finance personnel who are new to the oil and gas industry, or want to gain a broader understanding of oil and gas financial policy, joint venture and cost-control topic areas.

What you will learn:

• An overview of accounting policies and practices in the oil and gas industry
• An introduction to managing project, development and operating costs
• Understanding the accounting and financial management implications of exploring for and producing oil and gas
• The background to financial issues like joint ventures that are unique to the E&P industry, and their accounting treatment

Full details

Exploration and Production Accounting Level 2

Dubai
Date: 08 - 12 May 23

Kuala Lumpur
Date: 22 - 26 May 23

London
Date: 19 - 23 Jun 23

Aberdeen
Date: 28 Aug - 01 Sep 23

This course aims to raise to an intermediate level your knowledge and understanding of international E&P finance and accounting concepts. This is achieved by in-depth examination of international practices and current developments across a broad range of relevant topics.  You are encouraged to challenge existing methods as a basis for reviewing procedures and introducing improvements in your own work place.

What you will learn:

• Enhance your knowledge of accounting and reporting issues unique to the E&P industry with emphasis on the application of International Financial Reporting Standards (IFRS).
• Improve your understanding of accounting and reporting of Sales Revenue, Farm In/Farm Out, and Carried Interest.
• Enhance your knowledge of Production Sharing Contracts and Joint Venture Accounting issues, including Unitisation & Redetermination.
• Improve your knowledge of the Corporate Budget and Planning process including a review of Key Performance Indicators and Company Strategy. 
• Raise awareness of the E&P business activity for which we are accounting and reporting.

Full details

Exploration and Production Accounting Level 3

Dubai
Date: 15 - 19 May 23

Kuala Lumpur
Date: 29 May - 02 Jun 23

London
Date: 26 - 30 Jun 23

Aberdeen
Date: 04 - 08 Sep 23

This is an advanced, highly interactive workshop in which delegates work in small teams to explore and analyse wide-ranging financial scenarios based on the realistic, computer-based simulation of various international exploration and production activities.

What you will learn:

• how to carry out and manage operational financial accounting activities associated with joint ventures
• how to prepare, analyse and present information for effective financial reporting
• understand the impact of different activities on the financial statements of an upstream oil and gas company
• how to practically apply IFRS in accounting for a wide range of typical oil and gas industry activities

Full details

Auditing in the Oil & Gas Industry Level 1

Dubai
Date: 24 - 26 May 23

London
Date: 14 - 16 Jun 23

Aberdeen
Date: 31 Aug - 01 Sep 23

This 3-day introductory-level course provides a comprehensive overview of Auditing in the Exploration & Production (E&P) industry. It is suitable for anyone who wants to gain a broader understanding of Upstream Oil & Gas Auditing – including joint venture, financial and contractual audits by government and regulatory authorities in the various granting regimes (Production Sharing Contracts, Risk Service Contracts, Concessionary).

What you will learn: 

• Gain knowledge of the unique features / key phases of the E&P Business.
• Understand the general principles and objectives of the various different types of Upstream Oil & Gas audits.
• Add value to your organisation by improving your audit techniques and auditing skills.
• Understand the importance of following process in order to avoid costly audit related findings.
• Using industry specific examples and exercises, develop your understanding of the most common E&P industry audit issues.

Full details

Auditing in the Oil & Gas Industry Level 2

Dubai
Date: 29 May - 02 Jun 23

London
Date: 19 - 23 Jun 23

Aberdeen
Date: 04 - 08 Sep 23

This is an intensive training programme designed to improve and enhance the skills of personnel involved in the financial and contractual auditing of Oil & Gas Exploration and Production activities.  The objective of this course is to enhance your understanding of the various audit principles and practices being applied in this industry today and to equip you with the knowledge and tools to deal with complex audit cases. 

What you will learn

• apply a structured methodology for conducting oil industry internal, production sharing and joint venture audits.
• how to implement the benefits of a multi-discipline team audit approach
• how to adopt a model of best practice for conducting audits
• analyse, interpret and decide complex cases using the contracts and documents, the principles and auditor's judgement. 

Full details

E&P Cost Control, Budgeting & Cost Estimating

London
Date: 26 - 28 Jun 23

This 3-day workshop will provide a comprehensive understanding on the nature of costs and cost drivers in the E&P industry providing in-depth understanding on the budgeting process, proactive management, effective control and optimization of costs together with focused and relevant performance reporting.

What you will learn:       

• Understanding the nature of costs and cost drivers in the E&P industry through the Field Life Cycle
• Purpose of the Budget. Planning and Budgeting models. The Strategic and Medium-term plan
• Using budgets to make effective decisions. Prepare and understand costs in planning, budgeting & forecasting processes e.g. fixed / variable, capex / opex and routine / non-routine
• Cost Accounting. Importance of timely cost capture and accurate recording e.g. VOWD / accruals, consistency of coding and clarity on accountability
• Strategic solutions in delivering cost optimization – “do more for less”
• Management of costs in PSC and JV environments. Avoiding cost leakage and ensuring audit preparedness
• Cost Control Framework - budgets, AFEs, progress reports and variance analysis. Understanding key components and ensuring seamless interaction
• Cost Performance Reporting - use of KPI’s, variance analysis and trend analysis. Tracking and monitoring cost optimization initiatives and targets

Full details

Petroleum Project Economics and Risk Management

Dubai
Date: 01 - 05 May 23

Kuala Lumpur
Date: 05 - 09 Jun 23

London
Date: 12 - 16 Jun 23

Aberdeen
Date: 21 - 25 Aug 23

Dubai
Date: 11 - 15 Sep 23

This highly interactive and scenario-based training programme will enable you to apply a structured approach to project justification, investment appraisal and decision-making in the upstream petroleum business.

What you will learn:

• how to apply economic and risk management evaluation tools for oil and gas project proposals
• how to identify and quantify key uncertainties during field development and full life-cycle economics
• how to calculate the economic and financial viability of expenditure proposals projects under risk conditions
• how to develop a structured approach to measuring, managing and combating commercial risk
• how to assess the ranking of alternative projects
• how to prepare credible project proposals with a view to winning management, partner and government approval
• how to improve project and business outcomes

Full details

International Oil & Gas Exploitation Contracts

Dubai
Date: 15 - 19 May 23

Kuala Lumpur
Date: 05 - 09 Jun 23

London
Date: 26 - 30 Jun 23

Dubai
Date: 25 - 29 Sep 23

This course draws widely on industry case studies and realistic examples to deliver a broad-based, practical introduction to managing oil and gas exploration, development and production contracts.

What you will learn:

• the structure and benefits of different types of international contracts for petroleum exploration, development and production
• the key elements of oil and gas exploitation contracts
• how to structure the agreement(s) to meet your company's needs
• the different needs and expectations of national and international oil and gas companies
• an understanding of non-financial elements and their impact on economics and profitability
• how to identify and manage appropriately the risks and opportunities in the contract terms
• how to differentiate between oil and gas exploitation and marketing issues involved in gas contracts
• how to model the changing parameters in a typical PSC

Full details

Negotiation Skills for the Oil & Gas Industry

Dubai
Date: 08 - 12 May 23

London
Date: 19 - 23 Jun 23

Dubai
Date: 25 - 29 Sep 23

This highly-interactive workshop demonstrates a structured approach to effective negotiating and introduces Breakthrough Negotiation Strategy to achieve results in difficult and complex negotiations.

What you will learn:

• how to plan and prepare for negotiations
• how to recognise the vital steps in a negotiated settlement, and to exhaust one step before proceeding to the next
• how to improve your communication skills to achieve better results
• how to resolve impasse and handle difficult negotiations
• how to negotiate in teams
• how to respect cultural differences in international negotiations

Full details

Contracts Strategy & Management

Dubai
Date: 15 - 19 May 23

Kuala Lumpur
Date: 29 May - 02 Jun 23

London
Date: 26 - 30 Jun 23

Dubai
Date: 18 - 22 Sep 23

Kuala Lumpur
Date: 23 - 27 Oct 23

Developing your own effective procurement and Supply Chain Management (SCM) strategy can make valuable quantifiable contributions to your company's performance. This practical course shows you how to adopt a "best-practice" model, and outlines the latest thinking in upstream petroleum industry procurement.

What you will learn:

• how to develop and implement a highly effective procurement strategy and plan for your organisation to reduce the overall cost of purchasing
• how to manage your supply chain in order to deliver maximum value at minimum cost
• how to develop and implement a best-practice process for the management of contracts and the supply chain
• how to adopt innovative ways to select contractors and prepare tender documents
• how to choose the type of contract and compensation terms that best achieves the contract's objectives
• how to prepare tender evaluation criteria and evaluate a tender submission
• how to manage contract risk

Full details

KeyFacts Energy Industry Directory: MDT International