Euro Training Limited Training Programs, Workshops and Professional Certifications
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Domain Specific Job Skills and Competencies

Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
Audio version
PIM830-1
1 Week Training Program

Petroleum Physical Inventory & Stock Accounting Management

Building Skills & Competencies in

  1. Hydrocarbon Production and Delivery
  2. Tank Farm Management
  3. Lifting & Export Management
  4. Effective Real Time & Proactive Measuring & Monitoring
www.eurotraining.com/bro/pim830-1.php

1 Week Skills Development Training Programs

London
20-24 May 2024
New York
3-7 June 2024
Seattle, USA
17-21 June 2024
New Delhi
1-5 July 2024
Kualalumpur
15-19 July 2024
New Delhi
29 July - 2 Aug 2024
London
12-16 Aug 2024
New York
26-30 Aug 2024
Seattle
9-13 Sept 2024
Istanbul
23-27 Sept 2024
New Delhi
7-11 Oct 2024
Kualalumpur
21-25 Oct 2024
New Delhi
4-8 Nov 2024
London
18-22 Nov 2024
New York
2-6 Dec 2024
Seattle, USA
16-20 Dec 2024
London
30 Dec 2024- 3 Jan 2025
Dubai
6-10 Jan 2025
Kualalumpur
20-24 Jan 2025
Dubai
3-7 Feb 2025
London
17-21 Feb 2025
New York
2-6 March 2025
Seattle, USA
16-20 March 2025
Istanbul
30 March-3 April 2025
New York
13-17 April 2025
Dubai
27 April-1 May 2025
Kualalumpur
11-15 May 2025
London
25-29 May 2025




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What is Covered in this Program

  1. This program provides participants the Multi-discipline knowhow for Effective and Efficient Physical Accounting and Management of Petroleum Movement Logistics.

    Integrity and Loss Prevention is very critical as accompanying financial losses can be substantial.

    Program will discuss methods to monitor on-hand inventories on Real Time or Near Real Time Basis.
  2. The program covers Hydrocarbon Movement Processes, Production Accounting, Transportation and Pipeline Losses, Tank Farm Management, Estimation Systems and Calculations, Forecasting and Statistical Methods, Metering and Custody Transfer, Tank Gauging, Calibration, Reporting and Trending, Identifying Losses, Automation Opportunities, Strategic Aspects, Optimization and KPI's.

    Program also covers Legal & Regulatory Aspects. The program introduces participant on how to Leverage Data Analytics and Artificial Intelligence to establish an Efficient, Effective, Real Time and Proactive Inventory and Stock Accounting Management System.

    This program will help Implement Good Practices, Best Benchmarked Practices, Improvements and Data Analytics Based Petroleum Physical Inventory Systems.

Who Should Attend

  1. This program is intended for all Petroleum Physical Accounting Professionals and Management.
  2. This program is also recommended for Petroleum Accounting interacting professionals from Finance, Contract, Marketing, Audit, Logistics, Performance Evaluation, Fraud Prevention and Executive Management.

Program Content & Modules

Petroleum Physical Inventory & Stock Accounting Management


  1. Tank Farm Business Aspects and Implications on Production
  2. Hydrocarbon Physical Accounting Business Aspects
  3. Legal, Regulatory & Contractual Aspects of Petroleum Accounting
  4. Tank Farm Processes
  5. Hydrocarbon Production Processes for Petroleum Inventory Professionals
  6. Contractual & Regulatory Arrangements & Liabilities
  7. Hydrocarbon Movement Processes
  8. Hydrocarbon Production Accounting Systems
  9. Transportation and Pipeline Losses
  10. Receipts to Tank Farm Management
  11. Tank Farm Stock Management
  12. Lifting and Export Management
  13. Estimation of Quantities Systems and Calculations
  14. Forecasting and Statistical Aspects
  15. Hydrocarbon Metering Systems & Problems
  16. Custody Transfer Systems
  17. Storage Tank Measurements & Gauging
  18. Ship Tank Measurements & Gauging
  19. Tank Calibration Aspects
  20. Real Time On-hand Inventory Reporting
  21. Reporting and Trend Reporting
  22. Evaluating Root Causes of Variations
  23. Ensuring Integrity of System
  24. Preventing and Identifying Losses
  25. Fraud Prevention
  26. Knowledge Management for Decision Support
  27. Process Automation Technologies and Management
  28. Real Time Systems
  29. Ensuring Real Time or Near Real Time Transaction Recording
  30. Labelling, QR Coding and Remote Monitoring Storage Locations
  31. Using Hand-Held Automatic Data Uploading Devices
  32. Training and Sensitize Staff to Inventory Accounting Data Inputs
  33. Periodic Physical verification of Automated Measured Inventory
  34. Understanding & Implementing Meaningful Inventory Reporting
  35. Program Recommendations & Next Steps
  36. Participant Customized Outline Action Plan

General Program Outcomes & Takeaways
Don't Expect the Usual!!

Outcomes and Takeaways Overview
  1. These programs provide the Latest Knowhow and Technology Transfer to the Participants in the Program Domain through its different duration training programs.

        (1) All programs incorporate leveraging Data Analytics and Artificial into Domain Processes and Decision Making.

        (2) These programs have been building Program Related: Understanding, Knowledge, Skills, Process Good & Best Practices, and, Focused Micro-Competency Professional Certifications.
  2. Unique Aspects of these Programs include that they provide a multi-discipline understanding of Program Topics.

    Means that post program when participant takes work decisions he will automatically and subconsciously consider and take into account (as applicable)

        (1) Internal & External Customer Needs and Expectations

        (2) Operational Objectives

        (3) Strategic Objectives,

        (4) Regulatory Aspects

        (5) Industry Standards

        (6) Technology Options

        (7) Understand Helpful Modern Tools and Methods

        (8) Understand Risks

        (9) Actions he may take for Increasing Productivity

        (10) Legal & Contractual Aspects

        (11) Intellectual Property Aspects

        (12) Safety

        (13) Security

        (14) Audit

        (15) Cost Benefit Aspects

        (16) Value Engineering Opportunities

        (17)Key Performance Indicators     (KPIs)

        (18) Meaningful Performance Evaluation Support System

        (19) Data Analytic Opportunities

        (20) Artificial Intelligence Opportunities.

    This type of understanding and work-culture will otherwise develop after years of rich and diverse work experience. (in reality few employees get this diverse exposure in their work life)
  3. These Programs build a Domain Specific Knowledge Framework which will enable and assist the participant understand, learn and classify his own past, present and future on-the-job experiences.
  4. These Training Programs empower the participant to identify, support, implement and lead improvements in his work area, team, section, department, and organization. These programs will use Case Studies, Workshops, Standard Good Practices, Benchmarked Best Practices, to enhance participants program related work and decisions understanding, knowledge and analytical skills.
The 1 Week Training Program participant will typically take away...
  1. A wide-ranging domain Understanding, Knowledge and Skills.
  2. Before the end of the program, the participant will prepare a Customized Outline Action Plan which will serve as the roadmap for suggesting and implementing improvements in his work area.

Benefits to the Organization Sponsoring Participants to this Program

    (Benefits made possible by Euro Training's above mentioned Planned Outcomes and Takeaways)

  • Euro Training programs are different. They develop practical Job Skills.

    Each program is customized and made more useful for the attending participant group members, our target is 90%+ topics directly applicable to the work today or in future.

    Benefits you may see in participant post program behavior...
    • Inclination to Recognize his Customers and Stakeholders, and their Needs & Expectations. They will also gain understanding of how to analyze and find ways to Exceed Customer Expectations and Delight the Customers.
    • Higher level of Relevant Multi-discipline Job Skills
    • Taking Initiative to Propose and help implement Improvements in his Work Responsibility Area.
  • How your Participany will Change after attending the program?...
    • Increased Technical and Process Knowledge
    • Awareness to the Need to align performance to the Needs and Expectations of Stakeholders and Customers     (internal & external)
    • Awareness of the Need to Align Performance to Organizational Operational and Strategic Objectives.
    • Understand Domain Good Management Practices, and, Awareness to meet Requirements and Recommendations of the Relevant Industry and Professional Standards.
    • Awareness to consider for possible application the Program Discussed Outline Action Plan to assist making Process Improvements.
  • Type of improvements the participant will be trained to analyze and implement include (as relevant)

          (a) Productivity Improvements

          (b) Product and Service Differentiation

          (c) Exceeding Stakeholder & Customer Expectations.
  • Euro Training Instructors often act as mentors for participants (solely subject to instructor approval). Your participants can utilize this free service to ensure effective post program reinforcement and help when apply the ideas and skills acquired during the training.

Participant Individual Career Benefits
Job Satisfaction & Advancement

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
  2. Second, the Program developed Understanding & Skills will help you successfully present your professional skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. You gain a clear direction and insight for analyzing, proposing and implementing improvements in your work area.

        (1) The outline action plan you prepared and take away after the program should empower you to take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization.

        (2) This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
  4. Post program when you take decisions related to your work processes you will automatically consider Multi-discipline aspects     (as applicable):

    Internal & External Customer Needs and Expectations, Technology Options, Data Analytics and Artificial Intelligence Opportunities, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increase Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and, possibly more aspects).

Registration Form

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Registration & Fee Information

  1. Fee information is also available at:   PROGRAM-FEE-PAGE   Special Discounts May be Available Please email scholarships@eurotraining.com.
  2. To register please send us an official letter confirming registration (on organizational letterhead), or, send us a completed registration form above. GET MSWORD REGISTRATION FORM .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • Program Fee for 1 Week (5 day/30 hrs) Training Program is:

      (1) At Dubai, Kuwait, New Delhi, Qatar £4,315 (USD $5,500) per participant.

      (2) At London, US Locations, Europe, Malaysia, Singapore £4,747 (USD $6,050) per participant.

      (3) If Attending Online Training Fee is £2,000 (USD $2,500) per participant.
    Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs).
  4. Accommodation is not included in Program fee. Special rates may be available at venue hotel for participants.
  5. A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Cancellation & Date Change: No Fee Refund if participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed if requested atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date on payment of 10% of fee.
  7. All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
  8. Each program Undergoes Customization to Better Meet Participant Present and Future Job and Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  9. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  10. Provisional Registration : You can make a provisional registration request by sending us an email using an official email account. Provisionsl registration request, when confirmed by Euro Training, will reserve a seat for you for 14 days. After our Confirmation you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.

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