An Interactive 10-Day Training Course
Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures
An In-depth Guide for Oil and Gas Professionals
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| Date | Venue | Fees | |
|---|---|---|---|
| 27 Apr - 08 May 2026 | Dubai - UAE | $ 11,900 | |
| 18 - 29 May 2026 | Kigali - Rwanda | $ 11,900 | |
| 15 - 26 Jun 2026 | Istanbul - Turkey | $ 11,900 | |
| 03 - 14 Aug 2026 | London - UK | $ 11,900 | |
| 24 Aug - 04 Sep 2026 | Dubai - UAE | $ 11,900 | |
| 12 - 23 Oct 2026 | Lisbon - Portugal | $ 11,900 | |
| 23 Nov - 04 Dec 2026 | Dubai - UAE | $ 11,900 | |
| 28 Dec - 08 Jan 2027 | London - UK | $ 11,900 | |
| 04 - 15 Jan 2027 | Dubai - UAE | $ 11,900 | |
| 15 - 26 Mar 2027 | London - UK | $ 11,900 | |
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Online Schedule
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| Date | Venue | Fees | |
| 18 - 29 May 2026 | Online | $ 7,900 | |
The Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures training course provides in-depth knowledge of upstream petroleum contracts, their key legal and fiscal terms, and how to negotiate and manage them effectively. Participants explore the practical application of different contract types including production sharing, service, concession, and joint operating agreements, gaining clarity on essential contractual constructs and negotiation frameworks. The training course also develops participants’ understanding of accounting and auditing standards, policies, and practices relevant to upstream petroleum companies, helping improve the relevance, reliability, and strategic use of financial information.
Across ten days of focused learning, professionals will strengthen their ability to analyse upstream contractual structures, benchmark performance using publicly available data, and apply best practices in internal audit planning, control, and reporting. Emphasis is placed on integrating technical contract knowledge with practical accounting and auditing skills critical to financial stability and improved organisational performance. The Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures training course equips delegates to contribute strategically to organisational success within the upstream petroleum sector.
From this Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures training course, participants will develop the following key skills and competencies:
This training course is split into the following modules:
Module I - Upstream Petroleum Contracts
Module II - Upstream Petroleum Accounting
At the end of Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures training course, you will learn to:
Participants will gain comprehensive understanding through structured presentations by experienced practitioners and interactive sessions designed to broaden participants’ perspectives. The methodology includes negotiation exercises, case studies from the upstream petroleum sector, group discussions, and practical exercises to ensure delegates leave with transferable skills and up-to-date knowledge of international practices.
This training course is designed for professionals involved in petroleum contracts management, finance, accounting, and audit roles, especially within the upstream oil and gas sector.
This Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures training course is suitable to a wide range of professionals but will greatly benefit:
This day introduces the key accounting and auditing challenges facing the upstream petroleum sector and explores the impact of financial fluctuations on strategic development. The topics covered will include:
This day focuses on revenue recognition under IFRS, cost accounting methods, and profitability evaluation specific to upstream operations. The topics covered will include:
This day develops skills in asset accounting, including depletion, depreciation, and IFRS treatment of provisions and financial instruments. The topics covered will include:
This day examines creative accounting, governance roles, and the responsibilities of audit committees and internal audit processes. The topics covered will include:
This day focuses on establishing internal audit capabilities and conducting thorough audit examinations leading to effective control and reporting. The topics covered will include:
Delivering this training course in-house enables organisations to align petroleum contract and financial audit learning with their specific operational, fiscal, and regulatory environments. Customisation ensures that content reflects local contract frameworks, industry practices, and organisational priorities, enhancing relevance and practical impact for teams involved in upstream petroleum operations.
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 Upstream Petroleum Contracts, Accounting & Auditing Policies and Procedures 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 info@glomacs.sa . 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 info@glomacs.sa
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.
