The process of managing Authorization For Expenditure (AFE) is core to practically all E&P companies. Authorizations For Expenditure (AFEs) are typically raised by companies to provide a draw down against the broader capital budgets in relation to specific projects and account for the budget, projected field costs and actual costs based on a standard chart of accounts which depends on the type of project. AFEs are typically circulated between all concerned parties for review and approval prior to capital expenses being accrued. The process of managing AFEs also includes the working interests of partners in joint ventures which are so typical in the upstream sector of the oil and gas industry.

Accountants, Operational Auditors, Managers, Operators, Project Managers, Petroleum Engineers, Reservoir Engineers and Joint Venture Operators staff in the Oil and Gas industry

Accra: 27 – 31 May, 23 – 27 Sep, 23 – 27 Dec, 18 – 22 Feb, 6 -10 May 2019

Dubai: 26 -30 Aug, 30 Sep – 4 Oct, 28 Oct – 1 Nov, 23 – 27 Dec, 18 – 22 Feb 2019

Texas: on request

• AFE as Documentation for Joint Operators Approval – for expenditure
• Cost Control of AFE
• Budgeting of AFE
• Monitoring of AFE

• AFE Process in Joint Operation Agreement
• AFE as Joint Venture Project Approval
• Authorisation for Expenditure (AFE) Conceptualisation
• Economical Evaluation in AFE
• Authorisation for Expenditure (AFE) for Exploration and Acquisition
• AFE For Lease Contract
• AFE For Exploration
• AFE for Exploratory Wells

• AFE in Domestic Drilling Operations
• AFE in International Drilling Operations
• AFE for Day Rate Drilling Contract

• AFE as Completion Cost in SE
• AFE for Plugging and Abandonment Cost in Dry Wells