Accounting and Taxation in Oil and Gas Sector

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  • Start Date

    07 Jul, 2020

  • End Date

    10 Jul, 2020

  • Price


  • WiFi

    Free wifi available

Event Details

This specially designed course will deal with the peculiarities of Accounting and Taxation in Oil and Gas Sector.



  • Basic accounting techniques
  • Computer based accounting systems
  • Fundamentals of oil and gas operations
  • Peculiarities of oil and gas accounting for the upstream and downstream industry workers
  • Accounting standards in the petroleum in dustry: upstream activities (SAS14)
  • Accounting standards in the petroleum industry: downstream activities (SAS17)
  • Published accounts in the oil and gas sector
  • Introduction to petroleum taxation in Nigeria
  • Basic provisions of petroleum profit tax Act 1959 (CAP 354 Laws of the Federation of Nigeria 1990), Petroleum Act,
  • Memorandum of Understanding (MOU)
  • Important issues in Corporate taxation in the oil and gas sector i.e. returns, assessment, deductibility of expenses, incentive for utilization of associated gas, ascertainment and adjustment of profits, treatment of losses, chargeable tax, offenses and penalties, treatment of compensation to oil producing communities, capital allowances, exchange losses and central bank commission etc.
  • PAYE
  • Knotty issues in VAT and WHT
  • Emerging trends and future challenges



Accountants, Auditors, Financial Controllers, Tax Officers, Admin/Human Resource Officers, Government Relations Officers and others relevant officers in the Oil and Gas Sector.



The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.



1ST BATCH:                       3rd - 6th March, 2020

2ND BATCH:                      7th  – 10th July, 2020

3RD BATCH:                      13th – 16th October, 2020

Other Dates

Start Date End Date
03 Mar, 2020 06 Mar, 2020
Start Date End Date
07 Jul, 2020 10 Jul, 2020
Start Date End Date
13 Oct, 2020 16 Oct, 2020
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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