Oil and gas accounting презентация

Слайд 2

All G&G studies, even those use the best techniques cannot guarantee that oil

and gas exist in commercial quantities to be produced economically .

All G&G studies, even those use the best techniques cannot guarantee that oil

Слайд 3

In the case of th devlopment wells 22% of the devlopment wells drilled

in th united ststes in 1975 did not result in commercial production .
The oil and gas industry needs big investments

In the case of th devlopment wells 22% of the devlopment wells drilled

Слайд 4

Acquisition of property :
Acquisition means the procurement of the legal
right to explore

for and produce discovered
minerals within a specific area

Acquisition of property : Acquisition means the procurement of the legal right to

Слайд 5

Oil and Gas Leases :
A petroleum company cannot conduct any activity before obtaining

the rights to drill and produce oil and gas . These rights are usually acquired an oil and gas lease agreements .

Oil and Gas Leases : A petroleum company cannot conduct any activity before

Слайд 6

Слайд 7

Слайд 8

Слайд 9

*

*

Слайд 10

Слайд 11

Слайд 12

Слайд 13

Слайд 14

Слайд 15

Слайд 16

Слайд 17

Слайд 18

Слайд 19

Слайд 20

Слайд 21

Слайд 22

Слайд 23

Слайд 24

Слайд 25

Слайд 26

Слайд 27

Successful efforts Accounting (SE)

we discussed now the four basic type of costs

they are : acquisition costs , exploration costs , development costs , and production costs .

Successful efforts Accounting (SE) we discussed now the four basic type of costs

Слайд 28

The acquisition costs

Acquisition costs incurred are capitalized as unproved property.
If proved

reserves are found these costs are added to the
" amortization base " the costs center is a reservoir , a field ,
Or a lease . the costs accumulated in the amortization base
Are amortized on the basis of production .
If proved reserves are not found , the property is impaired
Or abandoned , and the costs are charged to the income statement

The acquisition costs Acquisition costs incurred are capitalized as unproved property. If proved

Слайд 29

The exploration costs

The costs include two categories :
A ) predrilling exploration

costs are to be charged to expense
B ) costs of drilling exploratory wells treatment as follow :
_ If the well has found proved reserves become capitalized expense.
_ If the well has not found proved reserves become expense .

The exploration costs The costs include two categories : A ) predrilling exploration

Слайд 30

the devolpment costs :

The costs of drilling a devolpment well is capitalized

regardless Of the outcome of the well .
these costs are added to theAmortization base to be amortized with other capitalized Costs on the basis of production .

the devolpment costs : The costs of drilling a devolpment well is capitalized

Слайд 31

the production costs

Production costs are those costs incurred to operate and
Maintains

an enterprise's wells and related equipment and
Facilities, including depreciation of support equipment and
Facilities and other costs directly identifiable with the
Operation and maintains of those wells and related equipment
And facilities.
They become part of the costs of oil and gas produced .

the production costs Production costs are those costs incurred to operate and Maintains

Слайд 32

Depreciation, depletion , and amortization of capitalized
Acquisition, exploration , and development costs also

become Part of the costs of oli and gas produced along with Production ( lifting ) costs .
All production costs are expensed , i.e. its charged To the income statement for the period .

Depreciation, depletion , and amortization of capitalized Acquisition, exploration , and development costs

Слайд 33

Слайд 34

Слайд 35

Слайд 36

Слайд 37

Слайд 38

Слайд 39

Слайд 40

Слайд 41

Слайд 42

Слайд 43

Слайд 44

Слайд 45

Слайд 46

Слайд 47

Слайд 48

Слайд 49

Слайд 50

Слайд 51

Слайд 52

Слайд 53

Слайд 54

Слайд 55

Слайд 56

Слайд 57

Слайд 58

Слайд 59

Слайд 60

Слайд 61

Слайд 62

Слайд 63

Слайд 64

Слайд 65

Слайд 66

Слайд 67

Слайд 68

Слайд 69

Слайд 70

Слайд 71

Слайд 72

Слайд 73

Имя файла: Oil-and-gas-accounting.pptx
Количество просмотров: 94
Количество скачиваний: 0