This long-awaited text explains, examines, and discusses various aspects of accounting in international petroleum operations. The authors discuss and illustrate international petroleum contracts and related contract accounting issues that arise and contrast U.S. accounting standards with those of other countries which are likely to be applicable to companies operating in international settings. Also included are discussions of petroleum tax regimes encountered around the world.
Preface
Chapter 1 : Upstream Petroleum Operations
Chapter 2 : Industry Accounting Practices
Chapter 3 : Contracts That Influence Accounting Decisions
Chapter 4 : Accounting for Pre-license Prospecting, Nondrilling Exploration, & License Acquisition Costs—Successful Efforts
Chapter 5 : Accounting for Exploratory Drilling & Appraisal Costs-Successful Efforts
Chapter 6 : Accounting for the Costs of Development-Successful Efforts
Chapter 7 : Depreciation, Depletion, & Amortization-Successful Efforts
Chapter 8 : Full Cost Accounting in International Operations
Chapter 9 : Accounting for Production Costs & Company Evaluation
Chapter 10 : Recognition of Revenue
Chapter 11 : Impairment of Proved Property, Wells, Equipment, & Facilities
Chapter 12 : Accounting for Future Decommisssioning & Environmental Costs
Chapter 13 : Accounting for International Joint Operations
Chapter 14 : Disclosure of Cost & Reserve Information
Appendix A : AIPN 2002 Model Form International Operating Agreement
Appendix B : AIPN Model Form International Accounting Procedure
Appendix C : SEC Reg. S-X, Rule 4-10
Appendix D : Acronyms Commonly Used in the International Petroleum Industry
Index
