by Charlotte J. Wright
International Petroleum Accounting examines and illustrates various aspects of accounting in international petroleum operations.
International Petroleum Accounting benefits:
- Understand the complexities of international petroleum contracts as they relate to accounting practices.
- Gain insight into the financial accounting standards in place in the U.S. and UK, as well as international standards as they relate to upstream petroleum operations.
- See detailed discussion and guidance for complying with various contract requirements and the latest financial accounting standards.
Contents
- Upstream Petroleum Operations
- Industry Accounting Practices
- Contracts That Influence Accounting Decisions
- Accounting for Pre-license Prospecting, Nondrilling Exploratoin, and Liscense Acquistition Costs—Successful Efforts
- Accounting for Exploratory Drilling and Appraisal Costs—Successful Efforts
- Accounting for the Costs of Development—Successful Efforts
- Depreciation, Depletion, and Amortization—Successful Efforts
- Full Cost Accounting in International Operations
- Accounting for Production Costs and Company Evaluation
- Recognition of Revenue
- Impairment of Proved Property, Wells, Equipment, and Facilities
- Accounting for Future Decommissioning and Environmental Costs
- Accounting for International Joint Operations
- Disclosure of Cost and Reserve Information
Appendicies
- AIPN 2002 Model Form International Operating Agreement
- AIPN Model Form International Accounting Procedure
- SEC Reg. S-X, Rule 4-10
- Acronyms Commonly Used in the International Petroleum Industry
Index
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