💼 Cash Call in Joint Venture Accounting in the Oil & Gas Industry

Overview

📝 Course Description

This intensive course provides a comprehensive understanding of cash call mechanisms and joint venture (JV) accounting in the upstream oil and gas industry. It covers the full cycle—from budget preparation and cost recovery to managing partner contributions, audits, disputes, and reporting. Participants will gain both technical knowledge and practical tools for managing JV financial operations effectively, ensuring compliance with Joint Operating Agreements (JOAs), PSCs, and industry best practices.

🎯 Learning Objectives

By the end of this course, participants will be able to:

Understand the structure and financial responsibilities in oil & gas JVs
Prepare, issue, and manage cash calls and authorizations for expenditure (AFEs)
Monitor JV expenditures and track recoverable costs
Interpret JOA clauses and financial obligations
Handle under-lifts, over-lifts, and non-operated JV cash flow
Prepare joint interest billing (JIB) statements
Conduct variance analysis and manage partner audits
Align financial management with project execution and reporting

👥 Who Should Attend

JV Accountants and Finance Professionals
Financial Controllers and Auditors
Asset and JV Managers
Budget and Planning Analysts
PSC and JOA Administrators
Commercial and Legal Advisors in JV Management
Treasury and Cash Flow Managers

🧩 Training Methodology

Instructor-led sessions
Case studies from IOC/NOC JVs
Budgeting exercises & financial simulations
JOA clause breakdowns
Role-playing partner communications
Excel-based tools & checklists

📅 Daily Agenda with Time Breaks

📆 Day 1: Joint Venture Fundamentals and Cash Flow Principles

Time	Topic
08:30 – 09:00	Registration and Welcome
09:00 – 10:30	Overview of Joint Ventures in Oil & Gas (IOC/NOC/PSC/JOA)
10:30 – 10:45	☕ Coffee Break
10:45 – 12:15	Financial Structure of JVs: Operators & Non-Operators
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Introduction to JV Accounting: Work Programs & Budgets
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Introduction to Cash Call Mechanism and Payment Terms

📆 Day 2: Budgeting, AFEs, and Cash Call Planning

Time	Topic
08:30 – 10:00	Budget Cycle and Authorization for Expenditure (AFE)
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Forecasting Cash Requirements & Cost Phasing
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Preparing and Issuing Cash Calls
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Case Study: Reviewing Budget vs. Actual Performance

📆 Day 3: Cash Call Management, JIB & Cost Recovery

Time	Topic
08:30 – 10:00	Joint Interest Billing (JIB) and Cost Allocation
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Cash Call Reconciliation and Variance Analysis
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Managing Over/Under Calls and Cash Surpluses
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Cost Recovery Principles in PSC and Concession Agreements

📆 Day 4: Disputes, Delays, and Partner Management

Time	Topic
08:30 – 10:00	Delayed Payments and Partner Disputes – Financial Impact
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Strategies to Handle Non-Payment or Late Cash Calls
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Managing Communications with Partners and Joint Venture Audit Preparation
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Legal and Financial Remedies in JOA Violations

📆 Day 5: Audits, Reporting and Integrated JV Financial Management

Time	Topic
08:30 – 10:00	Internal and External JV Financial Reporting
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	JV Audit Procedures and Partner Audit Process
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Final Exercise: Prepare Full Cash Call & JIB Summary
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Review, Q&A, and Certification

🎓 Deliverables

Excel templates: Cash call forms, JIB templates, variance tools
Case study binder (international JV scenarios)
Full course manual & glossary of JV terms
Certificate of Completion

Target audiences

Reservoir Engineers, Geologists

$ 5,500

Course Features

Lecture 0
Quiz 0
Duration 5 days
Skill level All levels
Language English
Students 40
Assessments Yes

💼 Cash Call in Joint Venture Accounting in the Oil & Gas Industry

Overview

📝 Course Description

🎯 Learning Objectives

👥 Who Should Attend

🧩 Training Methodology

📅 Daily Agenda with Time Breaks

📆 Day 1: Joint Venture Fundamentals and Cash Flow Principles

📆 Day 2: Budgeting, AFEs, and Cash Call Planning

📆 Day 3: Cash Call Management, JIB & Cost Recovery

📆 Day 4: Disputes, Delays, and Partner Management

📆 Day 5: Audits, Reporting and Integrated JV Financial Management

🎓 Deliverables

Target audiences

Course Features

TRAINING SOLUTIONS

QUICK LINKS

💼 Cash Call in Joint Venture Accounting in the Oil & Gas Industry

Overview

📝 Course Description

🎯 Learning Objectives

👥 Who Should Attend

🧩 Training Methodology

📅 Daily Agenda with Time Breaks

📆 Day 1: Joint Venture Fundamentals and Cash Flow Principles

📆 Day 2: Budgeting, AFEs, and Cash Call Planning

📆 Day 3: Cash Call Management, JIB & Cost Recovery

📆 Day 4: Disputes, Delays, and Partner Management

📆 Day 5: Audits, Reporting and Integrated JV Financial Management

🎓 Deliverables

Target audiences

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QUICK LINKS

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