Joint Courses

in conjunction with

             

13TH MONTH ADJUSTMENTS

The objective of this course is to provide a step by step method in performing 13th month adjustments. It also provides an excellent refresher for intermediate and senior individuals who are looking to refresh their skills. The course will run over two days, with the morning of the first day dealing in general concepts, facility agreements and definitions. The remainder of the course will have participants completing increasingly complex examples in order to develop a template in performing 13th month adjustments.

Suggested attendees: Intended for individuals who have a few years of Oil and Gas experience and are looking to increase their knowledge in doing 13th month adjustments.

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PRODUCTION ALLOCATION CONSIDERATIONS FOR JOINT VENTURE REPRESENTATIVES

This course will provide sufficient information and materials to enable participants to:

• Understand the common allocation methods and when each should be used
• Understand the common allocation rules in use
• Understand when each of the rules should be used
• Understand the support requirements of each of the common methods and rules.

Suggested Attendees: Joint Venture Agreement Practitioners

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PRODUCTION ALLOCATION EXHIBIT IMPLEMENTATION FOR JOINT VENTURE REPRESENTATIVES

This product allocation exhibit course has been restructured to focus on the allocation exhibit requirements that will accommodate common allocation issues over the life of the facility. A practical application scenario of a flow splitter and a short form exhibit example are also included.

These examples and interactive material will bring some of the related marketing and business issues into the allocation requirements and processes.

Suggested attendees: Joint Venture Agreement (CO&O) Practitioners, Product Allocation Practitioners, Revenue and Volume Auditors.

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