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Introduction Accounting by Mind Map: Introduction Accounting
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Introduction Accounting

Specific in O&G

Contracts

Lease

Concessions

PSA

risk service agreements

Minerals rights

US often individuals

Normaly government ownes rights

Why Accounting?

Who needs Financial Statments?

What Acc.St. exist.

SFAS No. 69

Proved O&G reserve quantities

Capitalized costs relationg to O&G prod.

Costs incurred or A,E,D

Results of operations, Reserve disclosures, Value based, DCF, changes in DCF, non-value based, proved&probable

future net cash flow

2001 Sorp(exc. reserve value)

Methoden

SE

FC

Overview Pro/Cons