OIL & GAS (E&P) JOINT VENTURE CASH CALL
“Mastering the Financial, Accounting, and Operational Elements of Joint Venture Cash Call in the Oil & Gas Sector”
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Course Schedule
| Date | Venue | Online |
|---|---|---|
| 04 – 06 Mar 2025 | Online
(Live Virtual) |
USD 1500 per delegate |
Course Introduction
In the Oil & Gas exploration and production (E&P) industry, Joint Ventures (JVs) play a crucial role in sharing costs, risks, and rewards. One of the core financial mechanisms in these partnerships is the “Cash Call” system, used to manage and allocate the financial commitments of each party in a JV.
This 3-day online course provides an in-depth understanding of the cash call process, focusing on financial accounting, budget allocations, cost control, and dispute resolution. Participants will learn how to prepare, evaluate, and manage cash calls, ensuring compliance with JV agreements and maintaining financial transparency in joint operations.
Course Objectives
By the end of this course, participants will be able to:
- Understand the fundamentals of Joint Venture (JV) cash call mechanisms
- Navigate the financial accounting aspects of oil and gas JVs
- Prepare and manage cash calls in line with JV agreements
- Control and monitor JV expenditures, revenue-sharing, and financial reconciliations
- Resolve common issues and disputes in the cash call process
- Apply best practices for financial transparency and communication between JV partners
Key Benefits of Attending
- Gain a comprehensive understanding of the financial mechanics behind JV cash calls in the Oil & Gas sector
- Learn how to manage financial commitments and expenditures in joint ventures
- Strengthen your ability to prepare accurate and compliant cash call budgets
- Improve your capacity to resolve disputes and ensure smooth financial operations
- Understand the key regulations and accounting standards governing joint ventures
Intended Audience
This program is designed for:
- Finance, accounting, and audit professionals in the oil & gas industry
- Joint venture managers and financial analysts
- Project managers and operational leaders in JV E&P operations
- Legal and compliance professionals working in joint ventures
- Contractors and consultants working with E&P companies
Individual Benefits
Key competencies that will be developed include:
- Understanding of joint venture agreements and cash call structures
- Preparation and analysis of cash call budgets and forecasts
- Cost control and reconciliation in joint ventures
- Dispute resolution and financial transparency in JV relationships
- Accounting techniques specific to the oil and gas sector
Organization Benefits
Upon completing the training course, participants will demonstrate:
- Enhanced financial management of joint venture operations
- Improved collaboration and transparency between joint venture partners
- Streamlined cash call processes with better control and compliance
- Reduced risk of financial disputes in JV agreements
- Strengthened JV management practices and operational efficiency
Instructional Methdology
- Strategy Briefings – Key cash call concepts, financial terms, and accounting standards
- Hands-On Exercises – Budget preparation, variance analysis, and reconciliation tasks
- Case Studies – Real-world examples from joint ventures in E&P operations
- Workshops – Developing and managing cash call budgets for mock joint ventures
- Peer Exchange – Sharing of experiences, challenges, and solutions in JV financial management
- Tools – JV cash call templates, reconciliation checklists, and dispute resolution guides
Course Outline
Detailed 3-Day Course Outline
Delivery Format: Online (Live) | Platform: Zoom, WebEx or Microsoft Teams
Day 1 – Introduction to Joint Ventures and Cash Call Basics
Module 1: Overview of Oil & Gas Joint Ventures
- What is a Joint Venture in the E&P context?
- JV partnership models: equity, operational, financial
- JV agreements, roles, and responsibilities
Module 2: Cash Call Mechanism in JV Agreements
- The purpose and components of cash calls
- Financial commitments: capital and operating expenditures
- Cash call cycle and process flow
Module 3: Financial Management and Reporting for JV
- Accounting principles for JV transactions
- JV accounting codes, classifications, and entries
- Financial reporting and reconciliation in JV agreements
Module 4: Workshop – Reviewing a Cash Call Agreement and Budget (02:00 – 03:30)
- Participants review a sample JV agreement and identify key cash call clauses
Day 2 – Preparing, Managing & Monitoring Cash Calls
Module 5: Preparing Cash Call Budgets and Forecasts
- Understanding cost categories and cost centers in cash calls
- Developing cash call forecasts and budgets for capital and operational expenditure
- Tools and software used for cash call preparation
Module 6: Cost Control and Monitoring in Joint Ventures
- Tracking actuals vs. forecasts in JV cash call budgeting
- Cost control and variance analysis techniques
- Understanding cash call overrun scenarios and corrective actions
Module 7: Managing Disputes and Challenges in Cash Calls
- Common disputes and challenges in JV cash calls
- Dispute resolution strategies and legal frameworks
- Maintaining transparency and communication among JV partners
Module 8: Workshop – Managing a JV Cash Call Budget (02:00 – 03:30)
- Participants work through a case study on preparing, reviewing, and reconciling a cash call budget
Day 3 – Compliance, Regulations, and Best Practices
Module 9: Regulatory and Compliance Considerations in JV Cash Calls
- Key regulations governing JV cash calls (FASB, IFRS, Sarbanes-Oxley)
- Taxation, compliance, and reporting requirements for oil & gas JVs
- Audit trails and documentation standards
Module 10: Optimizing Cash Call Processes and Communication
- Streamlining cash call approval and payment cycles
- Enhancing communication and collaboration among stakeholders
- Ensuring consistency and reducing errors in the process
Module 11: Best Practices for Long-Term Cash Call Management
- Standardizing cash call templates and processes
- Implementing performance tracking and KPIs for cash call management
- Long-term sustainability and best practices for JV financial success
Module 12: Final Workshop – Cash Call Dispute Resolution and Reporting
- Participants role-play managing a dispute, reconciliation, and reporting process
- Group presentation and facilitator feedback
Certification
Participants who complete the program will receive a Certificate of Completion in The HR Essential Skills, recognizing their readiness to execute foundational HR responsibilities with professionalism and confidence.