This professional course covers hydrocarbon measurement, reconciliation, allocation, data management, inventory management, production planning, regulatory compliance, commercial analysis, reporting, and hydrocarbon loss control. It is designed to help participants gain deeper insights into hydrocarbon accounting issues and possible approaches to addressing them. The course is well-structured, incorporating essential inputs from various domains to effectively operationalize hydrocarbon accounting for upstream, midstream, and downstream petroleum operations.

Accurately tracking hydrocarbon streams and ownership is crucial for realizing the value of the oil and gas business. Hydrocarbon production data may originate from multiple sources with different equity holdings, as infrastructure sharing is a common practice in the petroleum industry. Accounting for hydrocarbon quantities from all contributing sources is essential for optimizing the financial performance of oil and gas assets. However, the functional requirements of the hydrocarbon accounting team extend beyond data handling. The updated course now includes hydrocarbon loss management, which is critical to the financial bottom line and the proper management of hydrocarbon resources. It is critical for oil and gas companies to understand their losses and the controls required for the management of those losses.

This course emphasizes the importance of the hydrocarbon accounting team understanding the science behind the data and its applications to ensure data quality. Additionally, the course assists other departments that utilize the reported data or provide data to the hydrocarbon accounting team in recognizing the criticality of the hydrocarbon accounting processes to the company's revenue profile.

The training materials are developed using international references such as the API Manual of Petroleum Measurement Standards (MPMS), ISO, and regulatory guidelines.

On completing the course, the participant should be able to:

·        Produce a timely and accurate production allocation report that is traceable and auditable.

·        Effectively engage metering engineers, production operation, and subsurface team to ensure consistent data reporting.

·        Analyse the effect of third-party fluids properties on allocation results and make suggestions to relevant departments.

·        Produce accurate oil and gas nominations consistent with overall company objectives.

·        Analyse emission allocation and produce a report for facility emissions to meet regulatory requirements.

·        Analyse sources of uncertainty in production allocation and loss accounting, especially in commingled production involving third-party

·        Investigate, analyse and trend hydrocarbon losses and design control processes.

The course is suitable for production accountants, process engineers, metering engineers, production engineers, reservoir engineers, regulators, pipeline schedulers, and commercial people with oil and gas companies.