INTERNATIONAL TRAINING ON LAW, ACCOUNTING AND FINANCE FOR ENERGY PROFESSIONALS
COURSE BACKGROUND
In today’s dynamic energy sector, effective managers and supervisors require more than just technical expertise. A solid working knowledge of fundamental business disciplines – specifically law, accounting, and finance – is crucial for making informed decisions, developing projects, and ensuring robust corporate management. Without this interdisciplinary understanding, even highly skilled professionals can find themselves at a disadvantage in a complex industry like petroleum.
ECAS Institute understands this critical need for a holistic management perspective within the energy industry. This course is designed to provide a practical foundation in these key areas, specifically tailored to the context of the petroleum sector. We aim to empower participants with the insights necessary to critically interpret legal agreements and financial statements, enhancing their strategic decision-making capabilities.
This training serves as a foundational program within our “Essential Skills for the Oil & Gas Professionals Curriculum.” By focusing on real-world applications and incorporating a practical project simulation, ECAS seeks to transform how mid- to senior-level managers and supervisors approach business challenges and contribute to their organizations’ success.
COURSE OBJECTIVES OF THE TRAINING
Upon completion of this course, participants will be able to:
- Understand the foundations of legal processes, including contract, tort, business organizations, tax, regulatory, and property law, as applied to the petroleum industry.
- Grasp the fundamentals of finance, including sources and cost of debt and equity, and approaches to corporate and project financing.
- Comprehend accounting fundamentals and analyze the four basic financial statements: Income, Balance Sheet, Cash Flow, and Equity Statement.
- Apply their knowledge to build and read financial statements specific to exploration companies and regulated pipelines within the petroleum sector.
- Utilize integrated legal and financial knowledge for project development and general corporate management, as demonstrated through a practical simulation.
WHAT YOU WILL LEARN
This course will present the foundations of three key management topics – law, accounting, and finance – in a practical manner, from the perspective of the petroleum industry. Upon its completion you will be able to read legal agreements and discuss financial statements in a whole new light and be able to apply them to project development or general corporate management. This program is a foundation course in our Essential Skills for the Oil & Gas Professionals Curriculum.
You will learn about:
- Legal Fundamentals and Applications of Law: Introduction to the legal process, contract law, tort law, business organizations, tax law and application, regulatory law, and property law.
- Fundamentals of Finance: Sources and cost of debt and equity, corporate and project financing, and typical financing term sheets and projections.
- Accounting and Finance: Accounting fundamentals and applications, finance fundamentals and applications, and the four basic financial statements (Income, Balance Sheet, Cash Flow, and Equity Statement).
- Practical application of building and reading financial statements of an exploration company and a regulated pipeline, and reading financial statements of several petroleum companies.
- Through a Law and Finance Project Simulation (Jasper), you will perform legal review and prepare a financing plan for a gas storage facility, reviewing major service agreements, regulatory documents, and financial agreements.
DURATION AND PROGRAM
This is a structured training course designed to provide a foundational understanding of law, accounting, and finance for energy professionals. The program will integrate theoretical foundations with practical applications, including a significant project simulation. The detailed program schedule, including specific session timings and the structure of the “Jasper” simulation, will be communicated prior to the training commencement.
TARGET PARTICIPANTS
This course is designed for those mid- to senior-level managers and supervisors from all sectors of the oil and gas industry who wish to enhance their practical knowledge and understanding of three fundamental management areas: law, accounting, and finance, that strongly influence their understanding of business and inform their organizational decision-making. These set of core topics make this program a “must” for those whose major areas of formal studies was technology or other specialty fields.
- Mid- to Senior-Level Managers and Supervisors from all sectors of the oil and gas industry.
- Professionals with a technology or other specialty field background seeking to broaden their business acumen.
- Individuals involved in project development or general corporate management within the energy sector.
TRAINING MODULES
The course is structured into four key modules, systematically building knowledge in law, accounting, and finance, culminating in a practical simulation:
| No | Module | Details | |
| 1. | Legal Fundamentals and Applications of Law |
This module provides a foundational introduction to key legal concepts and their practical application within the context of the petroleum industry.
The key topics include:
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| 2. | Fundamentals of Finance |
This module introduces core financial concepts essential for understanding how energy projects and companies are funded and managed financially.
The key topics include;
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| 3. | Accounting and Financial Statement Analysis |
This module provides a practical understanding of accounting principles and how to read, interpret, and build key financial statements relevant to the energy sector.
The key topics include:
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| 4. | Law and Finance Project Simulation: Jasper |
This capstone module integrates the legal, accounting, and financial knowledge gained throughout the course through a realistic, team-based simulation.
The key topics include:
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TRAINING STYLE
The modules will be taught through PowerPoint presentations, and lectures and will include a case study/field visit, breakout sessions, case studies and other interactive discussion components.
The course will also include a few guest speakers, both in person and via Zoom and other online learning platforms for overseas speakers. This provides useful real-world insights alongside the more theoretical aspects of the course.
The conference faculty shall consist of experienced decision makers, as well as practitioners and representatives from established educational and research institutions active around climate change, engineering and international development. Throughout the course, theoretical presentation of concepts will be moderated and more group discussions and plenary engagements will be optimized. PowerPoint presentations will be made by facilitators and resource persons, to highlight key concepts before embarking on group work.
GENERAL NOTES
- Training manuals and additional reference materials are provided to the participants.
- Upon successful completion of this course, participants will be issued with a certificate.
- We can also do this as a tailor-made course to meet organization-wide needs. Contact us to find out more: info@ecasiafrica.org.
- Payment should be sent to our bank account before the start of training and proof of payment sent to: info@ecasiafrica.org.
ABOUT ECAS INSTITUTE
The ECAS Institute designs and delivers independent and targeted training, research, and consulting services. Our work focusses on climate change and resilience building, carbon markets, renewable energy, nature-based solution, biodiversity conservation, agriculture and food systems, We are located in Nairobi Kenya and work across the African region. We have implemented training and research assignments in Kenya, Tanzania, Uganda, South Sudan, Somalia, Malawi, Rwanda, Congo, and South Africa. Globally, we have supported our partners from the UK, Denmark, Italy, Sweden, Germany, and USA.