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June 2017
SuMoTuWeThFrSa
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Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: June 8, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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The Third Wave of Digitization - Coming to the Oil and Gas Industry
Event Starts: June 12, 2017
Location: Calgary Petroleum Club
Time: 11:30am to 1:00pm

In just a short time cloud computing has been revolutionary for business.

In many industries, this new paradigm has transformed how we work, giving us the power and information we need to be productive almost anywhere, while at the same time helping to reign-in ballooning IT costs.

So is this just technology for technology’s sake or are there some real benefits to cloud computing for Oil and Gas?

The Digital Oilfield is already here - What will the next five to ten years look like in the Oil and Gas Industry and specifically how will AI affect Accounting, Finance and Operations? 

Join us for a Joint PJVA/PASC presentation by Brad Bechtold, Director of Cisco Canada’s Oil and Gas Vertical Business on June 12, 2017 , 11:30am to 1:00pm at the Calgary Petroleum Club.

Register now!

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Course: Gas Allocations: Using the declining balance method (Advanced)
Gas Allocations: Using the declining balance method (Advanced)
Event Starts: June 13, 2017
Time: Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm
Location: Associations Plus Suite 600, 900 6th Ave SW

Advanced Gas Allocations: Using the declining balance method
Format: 1 day

Note: If you have taken the Product Analysis & Audit Course you can register directly into the Advanced Product Allocations course and do not need to complete the intermediate level course.

This course will cover:

  • Configuration – schematic metering diagrams, AER SMD requirements, what constitutes a gas gathering system, production accounting system configuration
  • Example of a declining balance allocation including the following concepts: effluent proration battery, measurement by difference, C7+ gas equivalent factors, gas lift, return fuel, C3 recovery efficiency factor, sulphur allocation, plant fuel allocation, two plant stream
  • Allocation checks
  • Allocation audit findings
  • Allocations today and in the future

Instructor: Kevin Boyce
For the past 18 years Kevin Boyce worked as a production measurement audit for Encana Corporation.  Prior that that he worked at Chevron Canada Resources for 9 years as a production accountant, joint venture analyst, financial analyst and internal auditor.  He has an Certified Internal Auditor designation, a Certification in Control Self-Assessment and an MBA.  He is  an active member of the Industry Measurement Group (IMG) and is currently the industry liaison for the IMG and heads two subcommittees on changes to the AER/OGC regulations.  He has instructed for PASC, CSHM, & PJVA.

Fee:
$500 +GST Members
$575 +GST Non-members

Note: You require a laptop for this course.

Location: Associations Plus, Suite 600, 900 6th Ave SW
Includes a full breakfast from 8:00 am - 8:30am & Lunch

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PASC Board of Directors Meeting (10 of 11)
June 2016/17 Meeting
Event Starts: June 14, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: June 19, 2017
Time: 11:30 am - 1:30 pm
Location: Associations Plus (#600, 900 6th Ave SW)
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Materials & Inventory Committee Meeting
Closed Meeting
Event Starts: June 20, 2017
Time: 11:30 am - 1:30 pm
Location: Associations Plus (#600, 900 6th Ave SW)
Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: June 20, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club
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Course: Vendor Audit
Vendor Audit 1/2 Day Course
Event Starts: June 21, 2017
Time: Registration & Breakfast @ 7:30am; Course 8:00 am to 12:00 noon
Location: Associations Plus (#600, 900 6th Ave SW)

Vendor Audit
Format: ½ day (4 hours)

In this course you will learn the following:

1. Overview of the vendor / compliance audit activity
2. Risks in third party relationships
3. Benefits of audit
    a. Costs savings
    b. Processes improvement
    c. Risks mitigation
    d. Relationships building
4. Audit process
    a. Identification criterion
    b. Planning considerations
    c. Execution approach
    e. Reporting and follow up
5. Key areas of focus
    a. Contract Types
    b. Contract risks and risk assessment
    c. Audit approach
6. Typical overcharges and their root cause
7. Wrap up and summary of lessons learnt

Instructors:
Salman Yasin
Salman Yasin has over 19 years of experience in the Operational, Financial, and Compliance audits of all business segments that include Upstream, Downstream and Capital Projects of Oil and Gas industry.

Currently Mr. Yasin is working for Canadian Natural Resources Ltd. as a Supervisor Vendor, Audit and responsible to identify, plan, execute, facilitate and manage vendor audits in all business areas of the company.  Previously, he worked for PriceWaterhouseCoopers, Ernst Young LLP, and Enbridge Gas Distribution Ltd. at different positions."

Shahid Qureshi
Shahid has 20 years of experience in financial reporting, business process optimization, risk management and Information Technology Governance. Shahid is a Chartered Professional Accountant (CPA), a Certified General Account (CGA), a fellow member of Association of Chartered Certified Accountants (ACCA) and a Certified Information Systems Auditor (CISA). He is also a cost and management accountant (CMA) and a member of Chartered Secretaries and Managers. He holds a Master’s degree in Economics. Shahid has extensive international experience and has worked in Canada, Asia, Middle East, Far East, Europe, United States of America, United Kingdom, Caribbean and Africa as part of the senior management team at KPMG.

Shahid is currently the Vice Chairman of CPA (Chartered Professional Accountants) Calgary Chapter. He is the Deputy Chairman for ACCA (Chartered Association of Certified Accountants) Canada Committee and a member of ACCA international Council. Shahid is also the President of ISACA (Information Systems Audit and Control Association) Calgary.

Fee:
$300 +GST Members
$350 +GST Non-members

Location: PASC Office 600, 900 6 Avenue SW, Calgary 
Includes a continental breakfast from 7:30 am - 8:00 am

Education Committee Meeting
Closed Meeting
Event Starts: June 21, 2017
Time: 11:30 am - 1:30 pm
Location: Baytex Energy 2800, 520 3rd Avenue SW
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July 2017
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Education Committee Meeting
Closed Meeting
Event Starts: July 20, 2017
Time: 11:30 am - 1:30 pm
Location: TBD
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August 2017
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Education Committee Meeting
Closed Meeting
Event Starts: August 17, 2017
Time: 11:30 am - 1:30 pm
Location: TBD
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What's New

Energy Fundamentals Certificate

The Petroleum Accountants Society of Canada is pleased to offer the Junior Energy Certificate program to connect new and prospective entrants with the industry. Delivered through a practical yet informative combination of luncheons, courses and seminars, this 20-25 hour commitment aims to impart foundational knowledge and emerging trends to participants, while concurrently exposing them to an industry association and its associated networking opportunities with the society’s members at various career levels.

More Info

July - 2017 CAPL Property Transfer Procedure

CAPL has distributed the material associated with the first industry draft of the 2017 CAPL Property Transfer Procedure and is requesting feedback by September 21st, 2016. Please send your organization’s comments in an electronic format to Jim MacLean jmaclean@repsol.com.

April - AG-19 Accounting for Shared Pad Site Costs

PASC is inviting anyone in the industry to please send review comments on the following document to info@petroleumaccountants.com. This PASC document is a companion document to the recently released PJVA/CAPL document: Pad Site Sharing Agreement (PSSA). See a copy of the PSSA here and send any comments on this document directly to the PJVA/CAPL contact.


News Archive


Events

June 8, 2017

Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: June 8, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

June 12, 2017

The Third Wave of Digitization - Coming to the Oil and Gas Industry
Event Starts: June 12, 2017
Location: Calgary Petroleum Club
Time: 11:30am to 1:00pm

In just a short time cloud computing has been revolutionary for business.

In many industries, this new paradigm has transformed how we work, giving us the power and information we need to be productive almost anywhere, while at the same time helping to reign-in ballooning IT costs.

So is this just technology for technology’s sake or are there some real benefits to cloud computing for Oil and Gas?

The Digital Oilfield is already here - What will the next five to ten years look like in the Oil and Gas Industry and specifically how will AI affect Accounting, Finance and Operations? 

Join us for a Joint PJVA/PASC presentation by Brad Bechtold, Director of Cisco Canada’s Oil and Gas Vertical Business on June 12, 2017 , 11:30am to 1:00pm at the Calgary Petroleum Club.

Register now!