Decommissioning Liabilities

A Professional Development Course

Earn 1 CPD Hour

At the end of an oil and gas asset's economic life the site must be abandoned. Those assets can be well sites, facilities, pipelines and more. Companies may also be responsible for environmental clean-up costs due to contamination. In addition, the public interest in environmental issues, combined with continuously evolving accounting and regulatory standards, makes this an important topic for accountants.

This primer course was developed for accounting professionals working in the oil and gas sector who want to expand their cross-functional knowledge of their industry.

Upon successful completion of this course students will be able to demonstrate a basic understanding of the accounting for decommissioning obligations in the Canadian oil and gas industry, including:

  • Accounting standards
  • Regulatory environment
  • Calculations

Course Delivery

  • Upon registration, students will receive a link to the course.
  • To be eligible for the certificate of completion and the 1 CPD Hour, students are required to review the lesson notes, as well as complete one test with a minimum grade of 50%. Students are permitted two attempts to complete the test.
  • The certificate of completion will be issued once all requirements have been met.
  • Students are expected to complete this course within 30 days of registration (course access will expire after that period).
Photo of Oil and Gas $19 CDN Purchase