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Institute For Oil & Gas Training
OGI-1205 New

Automation of JV & PSC Reporting: Process Candidates Training Course

Duration
5 days
CPD hours
15
Language
English
Next date
12 Oct 2026
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Overview

Automation of JV & PSC Reporting is a specialised capability development course from Institute For Oil & Gas Training focused on identifying, evaluating, and prioritising reporting processes suitable for automation across joint ventures and production sharing contracts. The course addresses the operational challenge of converting complex JV and PSC reporting activities into controlled, repeatable, template-driven processes supported by digital finance and automation technologies.

Oil and gas finance functions manage reporting environments where joint interest billing, cash calls, cost recovery schedules, entitlement calculations, partner statements, reconciliations, supporting schedules, and contractual reporting requirements depend on large volumes of structured and unstructured data. These processes often involve repeated extraction, validation, transformation, consolidation, spreadsheet manipulation, document preparation, review and distribution. When these activities rely heavily on manual intervention, finance teams face avoidable processing effort, inconsistent data handling, duplicated work and extended reporting cycles.

Automation of JV & PSC Reporting provides a structured approach for determining which reporting activities are suitable for automation and which require human judgement. Rather than treating automation as a technology exercise, the course examines the underlying process, data, controls, decision points, exceptions and reporting outputs. Participants learn how to use process mining and candidate selection techniques to identify automation opportunities based on process characteristics, transaction volumes, repeatability, rule-based decisions, data availability and control requirements.

The programme places particular emphasis on the finance processes that create recurring reporting workloads. Joint interest billing automation is examined as a process candidate where recurring partner charges, allocations, supporting documentation and statement generation follow defined business rules. Cash call statement generation is explored as another candidate for workflow automation where standardised data, approval stages and reporting templates create repeatable processing patterns.

Cost recovery schedule automation and entitlement calculation automation receive dedicated attention because these activities require disciplined treatment of contractual rules, production data, eligible costs, allocations, recoverable amounts and partner or contractor entitlements. Participants learn how to distinguish calculation activities that can be systematically automated from judgement-intensive activities that require controlled human review.

The course also addresses template driven reporting, which provides a practical foundation for standardising recurring JV and PSC outputs. Participants examine how predefined templates, structured datasets, validation rules and workflow controls support consistent reporting without removing appropriate financial oversight. Power Automate workflows are used as a practical digital workflow concept for connecting data inputs, approvals, notifications, document generation and controlled reporting activities.

Exception based review is a central theme throughout the programme. Effective automation does not require every transaction to receive the same manual attention. Participants learn how to design processes where routine transactions follow defined rules while exceptions are directed to finance professionals for investigation and resolution. This supports a controlled operating model in which automation handles repeatable processing and experienced professionals focus on judgement, anomalies, contractual interpretation and material issues.

The course is designed for organisations operating complex JV and PSC environments where finance, commercial, production, accounting and reporting teams need stronger integration between contractual requirements and digital process capabilities. It provides a practical framework for assessing reporting processes before automation investment, helping organisations identify appropriate candidates and establish a controlled pathway from manual processing towards digitally enabled reporting.

Institute For Oil & Gas Training delivers the programme with a strong corporate focus, connecting automation concepts directly to petroleum finance operations. The content considers the practical realities of partner reporting, operator and non-operator responsibilities, contractual accounting, data validation, workflow approval, reconciliation and management oversight.

Objectives

  • Identify suitable automation opportunities across JV and PSC reporting processes

  • Apply process mining and candidate selection principles to recurring finance activities

  • Evaluate reporting processes according to repeatability, standardisation and rule-based decision requirements

  • Assess the suitability of joint interest billing automation within controlled finance environments

  • Structure cash call statement generation around standardised data and workflow stages

  • Identify opportunities for cost recovery schedule automation

  • Examine the process requirements for entitlement calculation automation

  • Develop structured approaches to template driven reporting

  • Understand how Power Automate workflows support recurring finance processes

  • Establish appropriate approval, validation and reconciliation checkpoints within automated workflows

  • Design exception based review processes that retain appropriate human judgement

  • Distinguish automation-ready activities from processes requiring substantial professional judgement

  • Identify data dependencies that affect JV and PSC reporting automation

  • Improve collaboration between finance, accounting, commercial and digital transformation teams

  • Develop practical automation candidate assessments for oil and gas reporting functions

  • Strengthen governance over automated reporting processes and outputs

  • Improve consistency across recurring JV and PSC reporting activities

  • Establish clearer requirements for automation projects before technology implementation

  • Support controlled transition from manual reporting activities to digitally enabled processes

  • Create a practical framework for prioritising future JV and PSC reporting automation initiatives

Training methodology

Institute For Oil & Gas Training uses a practical, process-focused methodology designed around the operational environment of oil and gas finance and joint venture reporting.

Process Mapping Exercises

Participants map representative JV and PSC reporting processes from source data through validation, calculation, approval, reporting and distribution. These exercises expose manual hand-offs, repeated data entry, reconciliation points and control dependencies.

Process Mining and Candidate Selection

The course introduces process mining and candidate selection as practical techniques for understanding how reporting activities actually operate. Participants examine process frequency, transaction volumes, standardisation, exception rates, data quality and decision complexity when determining automation suitability.

Oil and Gas Case Studies

Realistic industry scenarios cover joint interest billing automation, cash call statement generation, cost recovery schedule automation and entitlement calculation automation. The cases focus on process design rather than theoretical technology demonstrations.

Workflow Design Simulations

Participants work through Power Automate workflow scenarios involving approvals, notifications, data movement, document creation and exception routing. The exercises demonstrate how workflow components connect within a controlled finance process.

Template Driven Reporting Exercises

Participants examine recurring reporting outputs and identify opportunities to standardise formats, data inputs, calculations and approval requirements. Template driven reporting is positioned as a foundation for repeatable and auditable automation.

Exception Based Review Scenarios

Scenarios introduce incomplete data, unusual transactions, failed validations, calculation variances and contractual exceptions. Participants determine which items should proceed automatically and which require human intervention.

Group Process Reviews

Participants review proposed automation candidates collectively, challenging assumptions about process stability, data availability, control requirements and business value. This supports cross-functional decision-making between finance, accounting, commercial, IT and operations teams.

Practical Automation Assessment

The methodology concludes with structured assessment of automation candidates, allowing participants to connect business processes with workflow requirements, control points and implementation priorities.

Organisational impact

Automation of JV & PSC Reporting strengthens the connection between petroleum finance processes, contractual reporting requirements and digital workflow capabilities. For sponsoring organisations, the value extends beyond reducing manual activity. A structured automation candidate approach helps management identify where digital investment directly supports reporting quality, process control and operational efficiency.

Improved Reporting Efficiency

Recurring reporting activities can involve repeated data extraction, spreadsheet preparation, reconciliation, document production and distribution. Identifying suitable automation candidates helps organisations redesign these activities around structured workflows and standardised inputs.

More Consistent JV Reporting

Standardised processes support consistent treatment of recurring reporting activities. Template driven reporting establishes common structures for statements, schedules and supporting outputs while workflow controls provide defined processing stages.

Stronger Joint Interest Billing Processes

Joint interest billing automation provides a structured approach to recurring partner billing activities where transactions, allocations, supporting records and statements follow established rules. The course helps organisations evaluate the process characteristics required for controlled automation.

Better Cash Call Administration

Cash call statement generation can involve repeated preparation, checking, approval and communication activities. Automation candidate assessment identifies workflow stages that can be standardised while preserving approval controls for appropriate financial oversight.

Controlled Cost Recovery Processing

Cost recovery activities require accurate treatment of eligible costs, allocations, contractual rules and supporting documentation. Cost recovery schedule automation can standardise repeatable processing while directing exceptions and judgement-intensive items for review.

More Structured Entitlement Processing

Entitlement calculation automation requires clear rules, reliable data inputs and defined validation controls. Organisations benefit from separating repeatable calculation activities from contractual or operational exceptions requiring specialist attention.

Stronger Data Governance

Automation exposes dependencies between source systems, spreadsheets, production information, accounting records and reporting templates. Mapping these dependencies helps organisations identify data quality requirements before implementing automated workflows.

Reduced Manual Handoffs

Process analysis highlights unnecessary movement between spreadsheets, email approvals, shared files and reporting documents. Workflow design provides a structured mechanism for connecting defined process stages.

Better Exception Management

Exception based review enables routine transactions to follow predefined processing paths while unusual or incomplete transactions receive targeted human attention. This helps finance professionals concentrate on investigation, reconciliation and contractual judgement.

Stronger Internal Controls

Automation candidate assessment considers approvals, validations, segregation of duties, audit trails and exception handling. This creates a stronger foundation for controlled digital finance processes.

Improved Cross-Functional Coordination

JV and PSC reporting often connects finance, accounting, commercial, production, operations, information technology and partner-facing functions. A shared process framework improves communication about ownership, data requirements and workflow responsibilities.

Better Automation Investment Decisions

Organisations gain a practical basis for evaluating automation opportunities before committing implementation resources. Candidate selection focuses attention on process suitability rather than simply selecting activities because they are repetitive.

Scalable Digital Finance Capability

A structured approach to automation supports the development of repeatable digital finance practices across multiple reporting processes. Once candidate assessment, workflow design and exception management principles are established, they can be applied to additional reporting activities.

Personal impact

Participants develop practical capabilities that support modern oil and gas finance, accounting and digital transformation responsibilities.

Stronger Process Analysis Skills

Participants learn to break complex JV and PSC reporting activities into individual process steps, inputs, decisions, controls and outputs. This provides a stronger basis for identifying automation opportunities.

Improved Automation Candidate Assessment

Participants gain a structured method for evaluating whether a process is appropriate for automation. They learn to consider repeatability, data availability, standardisation, decision complexity and exception requirements.

Better Understanding of Digital Finance

The course strengthens understanding of how finance processes connect with digital workflows, structured data and automation platforms. Participants gain greater confidence when working with technology and transformation teams.

Practical Workflow Capability

Exposure to Power Automate workflows helps participants understand workflow logic, approval stages, notifications, data movement and automated document processes within a corporate finance context.

Stronger JV Accounting Awareness

Participants develop a clearer understanding of the operational requirements surrounding joint interest billing, cash calls, partner statements, reconciliations and recurring JV reporting.

Stronger PSC Reporting Capability

Participants improve their ability to assess reporting processes involving cost recovery, entitlement calculations, contractual reporting and supporting schedules.

Improved Exception Management

Participants learn how to establish exception based review so that automated processing remains subject to defined validation and escalation controls.

Enhanced Career Capability

The combination of petroleum finance knowledge, process analysis and automation awareness supports roles involving digital finance transformation, JV accounting, PSC accounting, reporting, process improvement and finance systems.

Who should attend

  • JV Accountants — Strengthen the assessment and automation of recurring joint venture reporting activities.

  • PSC Accountants — Improve processes supporting production sharing contract reporting, cost recovery and entitlement calculations.

  • Joint Venture Finance Managers — Evaluate automation candidates across partner accounting and reporting processes.

  • Petroleum Finance Managers — Connect digital automation opportunities with finance process requirements.

  • Financial Controllers — Strengthen controls, approvals and exception management within automated reporting.

  • Management Accountants — Improve recurring reporting processes and structured data workflows.

  • Cost Recovery Specialists — Assess automation opportunities across cost recovery schedules and validation activities.

  • Revenue and Entitlement Specialists — Examine controlled approaches to entitlement calculation automation.

  • Commercial Managers — Understand the reporting and contractual process requirements that influence automation design.

  • Finance Transformation Professionals — Develop practical approaches to identifying and prioritising automation candidates.

  • Digital Finance Teams — Strengthen understanding of oil and gas reporting processes requiring workflow automation.

  • Business Process Analysts — Apply process analysis techniques to complex JV and PSC finance workflows.

  • Finance Systems Professionals — Improve communication between reporting users and workflow implementation teams.

  • Internal Control Professionals — Assess approval, validation and exception requirements within automated reporting.

  • Senior Finance Professionals — Establish structured approaches to digital transformation across petroleum finance operations.

Course outline

This module establishes the foundation for Automation of JV & PSC Reporting by examining how recurring finance processes operate from source data to final reporting output. Participants identify process steps, manual interventions, decision points, controls, dependencies and exceptions. The module introduces process mining and candidate selection as structured methods for identifying processes with suitable characteristics for automation.

  1. ISO 9001 Quality Management Systems

    • Provides a recognised framework for consistent and controlled processes.

    • Supports process-based management and documented operational controls.

    • Provides useful principles for evaluating repeatability and process consistency.

    • Helps establish a structured foundation for continuous process improvement.

    Learning Outcomes

    • Map recurring JV and PSC reporting processes

    • Identify automation candidates using structured process criteria

    • Apply process mining and candidate selection principles

    • Distinguish standardised processes from judgement-intensive activities

    • Identify manual hand-offs and process dependencies

    • Establish initial automation readiness assessments

This module focuses on recurring partner-facing finance activities and examines how joint interest billing automation and cash call statement generation can be structured around standardised data, defined calculations, approval stages and reporting templates. Participants examine the workflow from transaction preparation through validation, approval and statement production.

  1. COPAS Accounting Procedures

    • Provides recognised accounting procedure principles used within oil and gas joint operations.

    • Supports structured treatment of joint operation accounting activities.

    • Provides relevant context for evaluating automation around recurring JV accounting processes.

    • Reinforces the importance of defined accounting procedures within automated workflows.

    Learning Outcomes

    • Assess joint interest billing automation candidates

    • Structure cash call statement generation workflows

    • Identify data and approval dependencies within JV billing

    • Establish validation points for automated billing processes

    • Connect reporting templates with defined workflow stages

    • Identify billing exceptions requiring human review

This module examines two significant PSC reporting areas: cost recovery schedule automation and entitlement calculation automation. Participants analyse the data, contractual rules, calculations and validation requirements that underpin these processes. The module emphasises the importance of separating repeatable calculation activities from exceptions requiring specialist interpretation.

  1. IFRS 6 Exploration Evaluation

    • Provides an international financial reporting framework for exploration and evaluation expenditure.

    • Establishes relevant accounting context for petroleum finance data and supporting records.

    • Helps participants distinguish accounting treatment from contractual PSC calculation requirements.

    • Supports disciplined consideration of financial information used within reporting processes.

    Learning Outcomes

    • Identify automation opportunities in cost recovery schedules

    • Assess data requirements for entitlement calculation automation

    • Structure validation controls around automated calculations

    • Separate standard calculations from contractual exceptions

    • Identify reconciliation requirements for PSC reporting

    • Design controlled review stages for cost recovery and entitlement processes

This module focuses on converting standardised reporting requirements into repeatable digital workflows. Participants examine template driven reporting, structured data inputs, workflow approvals, automated document generation and Power Automate workflows. The emphasis remains on controlled process design rather than technology for its own sake.

  1. ISO IEC 27001 Information Security

    • Provides a recognised framework for information security management.

    • Supports controlled access to financial and operational information.

    • Provides relevant principles for managing information within digital workflows.

    • Reinforces the importance of controlled information handling in automated processes.

    Learning Outcomes

    • Develop requirements for template driven reporting

    • Understand the structure of Power Automate workflows

    • Identify workflow triggers, actions and approval stages

    • Connect structured data with recurring reporting outputs

    • Identify information security requirements within automated workflows

    • Establish appropriate manual intervention and control points

The final module brings together the process assessment, reporting automation and control principles covered throughout the programme. Participants develop an exception based review approach that directs routine transactions through defined workflows while escalating unusual, incomplete or inconsistent items to finance professionals. The module also addresses governance, monitoring, control ownership and continuous improvement.

  1. ISO 31000 Risk Management

    • Provides recognised principles and guidelines for structured risk management.

    • Supports systematic identification and treatment of process risks.

    • Provides relevant context for evaluating automation risks and exception handling.

    • Helps organisations integrate risk considerations into process governance.

    Learning Outcomes

    • Design exception based review processes

    • Establish appropriate escalation routes for reporting exceptions

    • Identify risks associated with automated JV and PSC reporting

    • Develop governance requirements for automated workflows

    • Prioritise automation candidates using process and control considerations

    • Establish monitoring and review requirements

    • Build a structured roadmap for future reporting automation

Certificate

Attendees receive a Certificate of Completion from Institute For Oil & Gas Training upon finishing the course.

The certificate is provided to attendees who meet the course attendance requirement and complete the programme as delivered by Institute For Oil & Gas Training.

Course dates

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,700

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,700

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,700

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,700

Fees include tuition, course materials and refreshments. Need different dates or a different city? Ask about your preferred date.

Frequently asked questions

What is Automation of JV & PSC Reporting?

Automation of JV & PSC Reporting focuses on identifying and designing automation opportunities across recurring joint venture and production sharing contract reporting processes. The course covers process assessment, joint interest billing automation, cash call statement generation, cost recovery schedules, entitlement calculations, reporting templates, workflows and exception based review.

Who is this course designed for?

The course is designed for professionals working in JV accounting, PSC accounting, petroleum finance, financial control, commercial operations, finance transformation, business process analysis, finance systems and digital finance. It is suitable for professionals responsible for reporting processes, controls or automation initiatives.

Does the course cover Power Automate workflows?

Yes. The course examines Power Automate workflows as a practical workflow automation approach for recurring finance processes. Participants explore workflow triggers, actions, approvals, notifications, data movement, document generation and exception routing within the context of JV and PSC reporting.

How does the course address cost recovery and entitlement processes?

The course covers cost recovery schedule automation and entitlement calculation automation, including data requirements, calculation logic, validation, reconciliation, contractual considerations and exception handling. Participants learn how to distinguish repeatable calculations from activities requiring specialist review.

What will attendees gain from the course?

Attendees gain practical skills for mapping JV and PSC reporting processes, identifying automation candidates, assessing process suitability, structuring workflow requirements, improving template driven reporting and implementing exception based review principles. The programme also strengthens collaboration between petroleum finance and digital transformation functions.

Next: 12 Oct 2026

4 dates available

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