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Institute For Oil & Gas Training
OGI-1120 New

Cash Flow Forecasting for Lifting & Cash Calls Training Course

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

Cash Flow Forecasting is a core treasury capability for oil and gas organisations managing lifting proceeds, joint venture funding, capital expenditure, operating expenditure, taxation, royalties and banking commitments. The Cash Flow Forecasting for Lifting & Cash Calls Training Course from Institute For Oil & Gas Training develops practical capability to build, challenge and maintain reliable cash forecasts across complex petroleum operations.

Oil and gas cash positions are shaped by operational schedules, cargo liftings, production performance, partner funding arrangements, procurement commitments, tax obligations and banking processes. Unlike simpler corporate environments, petroleum cash flows often involve irregular receipts and significant payment commitments that require careful timing analysis. A forecast that records expected values without accurately reflecting timing can distort liquidity visibility and create avoidable pressure on treasury, finance and operating teams.

This course focuses on the practical application of Cash Flow Forecasting within upstream and integrated oil and gas environments. It examines lifting proceeds timing, cash call inflows and outflows, capital expenditure phasing, payment run scheduling, tax and royalty payment dates, partner receipt timing, seasonality of operations, and contingency and buffer assumptions.

The programme addresses the need for treasury and finance professionals to connect operational information with financial cash movements. Production forecasts, lifting schedules, cargo nominations, joint venture budgets, procurement commitments and expenditure plans all influence liquidity. Effective forecasting therefore requires collaboration between treasury, finance, production, commercial, supply chain, tax, accounting and joint venture teams.

Participants examine how forecast assumptions are developed, validated, challenged and translated into short-term and medium-term cash positions. Particular attention is given to the difference between accounting recognition and actual cash settlement, as well as the importance of payment dates, receipt dates, banking cut-offs and operational events.

The course also addresses the relationship between cash calls and partner funding. Joint venture operations frequently depend on timely funding from participating interests, while operators need to manage expenditure commitments and communicate funding requirements accurately. Strong forecasting supports better cash call preparation, clearer partner communication and more disciplined liquidity management.

Lifting proceeds require equally careful attention. The timing of production, cargo nomination, lifting, invoicing, settlement and receipt can create material differences between expected sales value and available cash. Forecasting professionals need to understand these stages and reflect realistic receipt assumptions rather than treating contractual or accounting events as immediate cash movements.

Capital expenditure introduces another important forecasting challenge. Major projects, drilling programmes, facility modifications and development activities often involve staged commitments and payment milestones. Capital expenditure phasing allows treasury teams to reflect the expected timing of cash requirements and distinguish planned expenditure from committed and unavoidable payments.

The course also considers seasonality of operations. Maintenance campaigns, weather conditions, drilling activity, turnaround schedules, production cycles and planned operational events can affect both expenditure and receipts. Incorporating these operational patterns improves the usefulness of cash forecasts and supports better liquidity planning.

Institute For Oil & Gas Training delivers this programme for professionals who need a commercially relevant understanding of petroleum cash forecasting. The course connects treasury disciplines with operational and financial information so that participants can produce forecasts that support decision-making, cash mobilisation, payment planning and financial control.

Objectives

  • Apply Cash Flow Forecasting principles to oil and gas treasury operations

  • Build integrated forecasts covering operating, investing and financing cash movements

  • Assess lifting proceeds timing and its effect on available liquidity

  • Analyse cash call inflows and outflows across joint venture operations

  • Translate production and lifting schedules into realistic cash receipt assumptions

  • Develop capital expenditure phasing that reflects expected payment requirements

  • Integrate operating expenditure commitments into rolling cash forecasts

  • Coordinate payment run scheduling with forecast liquidity requirements

  • Identify tax and royalty payment dates and incorporate them into cash planning

  • Assess partner receipt timing and its effect on cash availability

  • Account for seasonality of operations when developing forecast assumptions

  • Establish appropriate contingency and buffer assumptions

  • Distinguish contractual, accounting and operational events from actual cash movements

  • Analyse forecast versus actual cash flow performance

  • Identify major sources of forecasting variance

  • Improve communication between treasury, finance, operations and commercial teams

  • Strengthen short-term liquidity visibility

  • Support more disciplined cash call preparation and funding requirements

  • Improve the quality of information provided to senior treasury and finance management

  • Establish a structured approach to maintaining rolling cash forecasts

Training methodology

The Cash Flow Forecasting for Lifting & Cash Calls Training Course uses a practical corporate training methodology designed around real oil and gas treasury situations. The delivery combines structured technical explanations with applied exercises, forecasting scenarios, case studies, group analysis and practical modelling activities.

Participants work through realistic cash flow situations involving lifting receipts, cash calls, operating expenditure, capital expenditure, taxation, royalties, supplier payments and partner funding. These scenarios demonstrate how individual assumptions influence overall liquidity and why timing accuracy is essential.

Case studies are used to examine forecasting challenges across upstream petroleum operations. Participants assess production and lifting information, expected receipts, expenditure commitments and payment schedules before developing an integrated cash position.

Forecasting simulations provide an opportunity to test assumptions against changing operational circumstances. Participants examine scenarios involving delayed lifting proceeds, revised expenditure schedules, changes in capital expenditure phasing and variations in partner receipt timing.

Group exercises focus on the interaction between treasury and other functions. Participants consider how information from production, commercial, procurement, tax, accounting and joint venture teams feeds into the treasury forecast.

Practical forecasting exercises also address variance analysis. Participants compare forecast assumptions with actual cash movements, identify the reasons for deviations and determine how forecast assumptions should be updated.

The methodology places emphasis on judgement, data quality and timing discipline. Participants learn to distinguish committed cash flows from uncertain assumptions and to apply appropriate contingency and buffer assumptions without creating unnecessary conservatism.

Organisational impact

Effective Cash Flow Forecasting gives oil and gas organisations stronger visibility over liquidity requirements and expected cash availability. This supports more disciplined treasury planning across production operations, joint ventures, projects and corporate functions.

Improved lifting proceeds timing analysis helps organisations align expected receipts with actual settlement patterns. Treasury teams gain clearer visibility of when cash becomes available rather than relying solely on production volumes, sales values or accounting recognition.

More accurate cash call inflows and outflows improve joint venture funding management. Organisations can establish clearer funding requirements, identify anticipated shortfalls and communicate cash requirements to partners using a structured forecasting process.

Better capital expenditure phasing strengthens liquidity planning for development projects and major operational programmes. Treasury teams gain improved visibility of expected payment requirements and can coordinate funding with project and procurement schedules.

Payment run scheduling becomes more closely aligned with cash availability. This supports better prioritisation of payments, improved control over payment commitments and reduced pressure created by poorly timed disbursements.

Integrating tax and royalty payment dates into the forecast provides a more complete view of recurring and significant cash obligations. Finance and treasury teams can plan around known government-related payment requirements instead of treating them as isolated events.

Improved partner receipt timing assumptions strengthen the reliability of joint venture liquidity forecasts. This is particularly important where operator expenditure occurs before partner funding is received.

Accounting for seasonality of operations improves forecasting quality during periods of planned maintenance, drilling activity, production changes and other operational events that influence cash requirements.

The use of contingency and buffer assumptions supports disciplined liquidity management. Rather than applying arbitrary reserves, organisations can establish assumptions based on identified forecast uncertainty and known operational risks.

A stronger forecast process also improves variance analysis. Management teams can distinguish errors in timing, inaccurate assumptions, operational changes and unexpected cash movements, supporting more effective corrective action.

The course contributes to stronger cross-functional coordination because treasury forecasts depend on information from operations, commercial, procurement, tax, accounting and joint venture management. A common forecasting framework improves the consistency and usability of information shared across these functions.

Personal impact

Participants develop a stronger understanding of how oil and gas operational activities translate into cash movements. This enables treasury and finance professionals to interpret operational information more effectively when preparing forecasts.

Professionals strengthen their ability to construct and review rolling cash flow forecasts. They learn to identify key assumptions, challenge unrealistic timing expectations and focus attention on the cash movements with the greatest impact on liquidity.

Participants improve their understanding of lifting proceeds and the relationship between cargo activity, commercial arrangements and actual receipt timing. This supports more accurate short-term cash planning.

The course also develops stronger cash call analysis skills. Participants gain practical insight into how partner funding requirements are determined, forecasted and monitored.

Treasury professionals strengthen their ability to work with capital expenditure plans and payment schedules. This improves communication with project teams, procurement departments and finance functions.

Participants also develop better variance analysis capabilities. They learn to investigate differences between forecast and actual cash movements and identify whether variances result from timing, operational changes, assumption errors or unexpected transactions.

For finance professionals, the course strengthens the connection between accounting information and treasury requirements. For treasury professionals, it improves understanding of the operational and commercial information behind forecast movements.

The programme also supports career development by strengthening a capability that sits across treasury, financial planning, joint venture accounting, commercial finance and corporate finance. Participants gain a more integrated perspective of petroleum liquidity management and cash planning.

Who should attend

Treasury Managers and Treasury Professionals

Designed for professionals responsible for liquidity planning, cash positioning, cash forecasting, banking relationships and treasury reporting within oil and gas organisations.

Cash Management Specialists

Relevant for specialists responsible for daily cash visibility, bank balances, expected receipts, payment requirements and short-term liquidity management.

Finance Managers and Financial Controllers

Supports finance professionals who need to connect financial information, expenditure plans and operational activity with actual cash requirements.

Joint Venture Finance Professionals

Useful for professionals responsible for cash calls, partner funding requirements, expenditure recovery and joint venture financial coordination.

Petroleum Accountants

Provides practical insight into the relationship between accounting information, lifting activity, expenditure commitments and cash settlement.

Financial Planning and Analysis Professionals

Relevant for professionals involved in forecasting, budgeting, variance analysis and financial planning across petroleum operations.

Commercial Finance Professionals

Supports professionals who work with production, lifting, sales, cargo schedules and commercial cash receipt assumptions.

Project Finance and Project Controls Professionals

Useful for professionals responsible for capital expenditure programmes, project commitments, payment milestones and expenditure phasing.

Tax and Royalty Finance Professionals

Relevant for professionals who provide information on tax obligations, royalty payments and expected government-related cash requirements.

Senior Finance and Treasury Management

Suitable for managers and senior professionals who review liquidity forecasts, funding requirements, cash positions and treasury performance.

Course outline

This module establishes the foundations of Cash Flow Forecasting within oil and gas treasury operations. It examines the structure of petroleum cash movements and the relationship between operational events, financial commitments and actual cash settlement.

  1. IAS 7 Cash Flow Statements

    • Establishes principles for presenting cash flows and cash equivalents

    • Provides a recognised framework for classifying cash movements

    • Supports understanding of operating, investing and financing cash flows

    • Provides useful context for linking financial reporting information with cash forecasting

    Learning Outcomes

    • Structure an oil and gas cash flow forecast

    • Identify major cash flow categories

    • Distinguish cash movements from accounting entries

    • Establish relevant forecast assumptions

    • Review forecast quality using actual cash movements

    • Explain key liquidity movements to management

This module focuses on the timing of cash receipts and funding flows associated with petroleum lifting activities and joint venture operations. Participants examine how commercial and operational schedules influence treasury liquidity.

  1. IFRS 15 Revenue Recognition

    • Provides principles for recognising revenue from customer contracts

    • Helps distinguish revenue recognition from actual cash receipt

    • Supports analysis of contractual performance and transaction timing

    • Provides useful context when reconciling commercial revenue information with treasury receipt forecasts

    Learning Outcomes

    • Incorporate lifting schedules into cash forecasts

    • Assess expected receipt dates

    • Distinguish revenue information from cash availability

    • Forecast partner funding requirements

    • Analyse cash call inflows and outflows

    • Identify receipt timing risks and forecast variances

This module examines the expenditure side of petroleum cash forecasting. It focuses on capital expenditure phasing, operating commitments and payment run scheduling to create realistic projections of cash requirements.

  1. IAS 16 Property Plant Equipment

    • Provides accounting principles for property, plant and equipment

    • Supports understanding of capital expenditure and asset-related financial information

    • Provides relevant context for distinguishing capital investment from operating expenditure

    • Helps finance teams interpret project and asset expenditure information used in forecasting

    Learning Outcomes

    • Develop capital expenditure phasing assumptions

    • Incorporate operating expenditure into cash forecasts

    • Align payment run scheduling with forecast liquidity

    • Identify major expenditure commitments

    • Separate committed and discretionary cash requirements

    • Analyse expenditure timing variances

This module addresses cash obligations that require careful timing within petroleum operations. Participants examine tax and royalty payment dates alongside operational seasonality and recurring expenditure patterns.

  1. IFRIC 21 Levies

    • Provides guidance on when liabilities for levies are recognised

    • Helps finance teams understand the timing principles associated with government-imposed levies

    • Provides relevant context for analysing levy-related financial obligations

    • Supports clearer distinction between recognition and cash settlement timing

    Learning Outcomes

    • Incorporate tax and royalty payment dates into forecasts

    • Identify recurring government-related cash obligations

    • Reflect seasonality of operations in forecast assumptions

    • Analyse operational events that influence expenditure timing

    • Establish appropriate contingency and buffer assumptions

    • Improve liquidity planning around significant payment dates

This module brings the forecasting process together into an integrated treasury framework. Participants consolidate receipts, cash calls, expenditure, tax obligations, royalties, payment schedules and contingency assumptions into a coherent liquidity forecast.

  1. ISO 20022 Financial Messaging

    • Provides a recognised international standard for financial messaging

    • Supports structured communication of payment and financial information

    • Provides relevant context for modern banking and payment processes

    • Helps treasury professionals understand the importance of structured payment information

    Learning Outcomes

    • Consolidate operational and financial inputs into an integrated forecast

    • Produce structured rolling cash flow forecasts

    • Analyse forecast versus actual performance

    • Identify timing and assumption variances

    • Apply scenario analysis to liquidity planning

    • Review contingency and buffer assumptions

    • Improve management reporting on expected cash positions

    • Coordinate treasury forecasts with payment and banking requirements

    • Establish a disciplined process for updating and challenging forecasts

Certificate

Certificate of Completion

Attendees who successfully finish the Cash Flow Forecasting for Lifting & Cash Calls Training Course receive a Certificate of Completion from Institute For Oil & Gas Training.

Attendance Requirement

The certificate is provided upon completion of the course subject to meeting the Institute For Oil & Gas Training attendance requirement and participating in the scheduled programme activities.

Course dates

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,800

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,800

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,800

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,800

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

Frequently asked questions

What does this Cash Flow Forecasting course cover?

The course covers petroleum cash flow forecasting with emphasis on lifting proceeds timing, cash calls, capital expenditure phasing, payment scheduling, tax and royalty obligations, partner receipts and liquidity planning.

Who should attend this course?

The programme is designed for treasury, finance, joint venture accounting, commercial finance, financial planning, project controls, tax and senior finance professionals working in oil and gas organisations.

How is the course delivered?

Institute For Oil & Gas Training uses practical case studies, forecasting exercises, simulations, group activities and real-world oil and gas scenarios to connect treasury principles with operational cash movements.

How does the course address lifting proceeds and cash calls?

Participants examine the timing of lifting receipts, settlement assumptions, partner funding requirements, cash call inflows and outflows, and the effect of receipt timing on available liquidity.

What will participants gain from completing the course?

Participants gain practical skills for building, reviewing and improving petroleum cash forecasts, analysing forecast variances, managing liquidity assumptions and coordinating cash requirements across treasury, finance and operational teams.

Next: 05 Oct 2026

4 dates available

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