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Petroleum Business
Budget and Cost Control
Covers how oil and gas organisations build budgets and keep spending on track across exploration, drilling, production and logistics. It sets out the core cost control processes and then applies them to OPEX, logistics, drilling and CAPEX estimating through business cases.
- Discipline
- Petroleum Business
- Level
- Intermediate
- Duration
- 3 days
- Formats
- Classroom, Live online, In-house
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Department heads, managers, junior cost controllers and operations managers who handle budgets.
What participants will be able to do
- Apply the five core cost control processes
- Build and follow up an OPEX budget
- Adapt cost control to logistics and drilling activities
- Understand CAPEX estimating methods and estimate classes
Topics covered
- Cost control missions and master data
- Budget and purchase to pay
- Estimated final cost
- OPEX classification
- Logistics cost allocation
- Drilling cost follow-up
- CAPEX estimating