IFRS for Oil, Gas, LNG and Renewables Training Course | 2-Day Training Programme in Dubai
This IFRS for Oil, Gas, LNG and Renewables Training Course takes place in Dubai. Specifically, Dubai is the most important oil gas LNG and energy finance centre in the Middle East. Furthermore, the Dubai International Financial Centre is the leading IFRS financial reporting centre in the MENA region attracting oil gas and energy finance professionals globally.
In addition, Dubai’s Energy Strategy 2050 targeting 75 percent clean energy is creating significant new IFRS reporting requirements for oil gas LNG and renewables operators. Consequently, this programme is equally relevant for finance professionals across every major global oil gas LNG and renewables market.
Oil gas LNG and renewables accounting is becoming more complex across every major MENA producing region in 2026. Specifically, ADNOC’s landmark 150 billion dollar investment plan for 2026 to 2030 is significantly increasing IFRS reporting requirements for upstream downstream and chemicals operators across the UAE.
Furthermore, major new capital investments in LNG liquefaction deepwater exploration and renewable energy are expanding accounting complexity under IFRS 6, IAS 16, and IAS 36. In addition, DIFC listed and internationally reporting oil gas and energy companies face major new IFRS S1 and IFRS S2 sustainability disclosure requirements. Consequently, oil gas LNG and renewables finance professionals now require the most comprehensive IFRS technical training available.
This programme addresses every critical IFRS accounting challenge facing oil gas LNG and renewables finance professionals globally. Specifically, it covers exploration and evaluation accounting under IFRS 6, LNG production accounting and depletion methodologies. Furthermore, it covers impairment testing under IAS 36, decommissioning provisions under IAS 37 and production sharing contract accounting.
In addition, it covers LNG joint venture accounting, revenue recognition under IFRS 15, renewable energy accounting and IFRS S1 and IFRS S2 sustainability disclosures. Consequently, participants leave with the complete technical toolkit to deliver fully compliant IFRS financial statements.
Key Learning Features | IFRS for Oil, Gas, LNG and Renewables | Dubai
- Exploration and Evaluation Accounting. IFRS 6 full cost and successful efforts exploration accounting for ADNOC and global upstream operators
- LNG and Downstream Accounting. IAS 16 and IAS 36 accounting for LNG liquefaction assets downstream chemicals and refinery operations globally
- Renewable Energy Accounting. IAS 16 and IFRIC 12 accounting for solar wind and clean energy assets for Masdar and global renewables operators
- Production Sharing Contract Accounting. Production sharing contract and concession agreement accounting for UAE and MENA upstream oil and gas operations
- Decommissioning and Restoration Provisions. IAS 37 decommissioning and asset retirement obligation accounting for ADNOC and global upstream oil gas and LNG operators
- Impairment Testing and Reserves Disclosures. IAS 36 impairment testing and reserves disclosures for DIFC listed and internationally reporting oil gas and energy companies
- Sustainability Disclosures. IFRS S1 and IFRS S2 sustainability disclosures for listed oil gas LNG and renewables companies across every major reporting jurisdiction
Global Programme Schedule | IFRS for Oil, Gas, LNG and Renewables | Dubai
This IFRS for Oil, Gas, LNG and Renewables Training Course is delivered in-person across major global oil gas LNG and petrochemical financial centres worldwide. Specifically, upcoming programmes are scheduled in the cities listed below. Furthermore, this programme is also available as a dedicated in-house engagement tailored to your organisation’s specific IFRS oil gas LNG and petrochemicals training requirements.
Online | London | Toronto | Calgary | New York | Abu Dhabi | Zurich | Sydney | Singapore | Dubai | Doha | Cape Town | Lima | Rio de Janeiro | Hong Kong | Brussels | Hague | Kuala Lumpur | Trinidad | Riyadh | Accra
For More Information
For further information about this IFRS for Oil, Gas, LNG and Renewables Training Course, please contact us. Specifically, our specialist training team is ready to assist with course registration, group booking options, upcoming dates and in-house delivery enquiries.
This programme is also available as a dedicated in-house engagement tailored to your organisation’s specific IFRS upstream oil and gas training requirements.
Instructor Bio
The course instructor will be one of our highly experienced
faculty members.
Our Faculty: Expertise That Drives Success
Shasat is proud to have over 30 world-renowned faculty members, each an expert in their respective field, who share hands-on implementation experience through our technical and professional development programmes.
This IFRS for Oil, Gas and LNG Training Course is led by one of Shasat’s distinguished faculty members, a globally respected technical expert in IFRS, and US GAAP for the oil, gas, LNG and energy sector. The instructor has extensive experience in handling oil, gas and LNG sector specific accounting issues and the practical application of accounting requirements.
Specifically, this includes implementation challenges, technical interpretations and industry best practices across upstream, midstream, downstream, LNG and petrochemical operations globally. They have supported major energy institutions across developed and emerging markets globally on upstream accounting, LNG joint ventures, decommissioning provisions, revenue recognition, hedge accounting and ISSB sustainability disclosures.
The instructor brings deep technical expertise in exploration and evaluation accounting, LNG asset recognition, production sharing agreement accounting, commodity price hedge accounting and energy sector impairment assessment under IFRS and US GAAP. Drawing on years of global advisory and implementation experience, every session delivers practical insights, real-world case studies and proven strategies. Furthermore, our faculty combine real-world expertise with academic rigour, ensuring every session is interactive, relevant and outcomes driven. Consequently, participants gain practical tools and strategic frameworks they apply immediately across their oil, gas and LNG organisations.
Our Partners
Course Description
Day 1 | Exploration, Production, LNG and Renewable Energy Accounting
Session 1 | IFRS for Oil and Gas — Key Accounting Principles and Exploration Accounting
- Principles-based IFRS framework for oil gas LNG and renewables companies in the UAE and globally
- Exploration and evaluation accounting under IFRS 6 — full cost and successful efforts methods
- Treatment of dry holes and non-drilling exploration costs under IFRS 6
- Impairment of exploration and evaluation assets under IAS 36 — ceiling test and recoverable amount
- Reclassification of exploration and evaluation assets to development and production assets
- ADNOC 150 billion dollar investment plan 2026 to 2030 — IFRS 6 and IAS 16 accounting implications
- Case studies from ADNOC ENOC and global upstream oil and gas company financial statements
Session 2 | Upstream Production Accounting and LNG Asset Accounting
- Unit of production depletion depreciation and amortisation under IAS 16
- Componentisation of upstream oil gas and LNG production assets under IAS 16
- Borrowing costs capitalisation during development phase under IAS 23
- Ruwais LNG project — IAS 16 LNG liquefaction asset accounting for ADNOC 60 percent and Shell BP TotalEnergies Mitsui 10 percent each
- LNG joint venture accounting under IFRS 11 — financial asset and intangible asset models
- Revenue recognition for LNG cargo sales under IFRS 15 — control transfer and separate performance obligation
- Case studies from ADNOC and global LNG company financial statements
Session 3 | Renewable Energy Accounting — IAS 16 IFRIC 12 and IFRS 15
- Accounting for solar wind and clean energy assets under IAS 16
- IFRIC 12 service concession arrangements — financial asset model and intangible asset model
- Masdar IFRIC 12 concession revenue recognition under IFRS 15 for solar and wind projects globally
- Revenue recognition for renewable energy supply contracts and clean energy certificates under IFRS 15
- IASB December 2024 PPA amendments to IFRS 9 and IFRS 7 — effective 1 January 2026
- Masdar and TotalEnergies 2.2 billion dollar joint venture April 2026 — IFRS 11 joint arrangement accounting
- Case studies from Masdar DEWA and global renewable energy company financial statements
Session 4 | Revenue Recognition Decommissioning and Impairment
- Five-step revenue recognition model under IFRS 15 for oil gas LNG and renewables contracts
- Long-term oil gas supply contracts under IFRS 15 — take-or-pay arrangements and variable consideration
- Revenue recognition for green hydrogen and carbon capture projects under IFRS 15
- Decommissioning and restoration provisions under IAS 37 for upstream oil gas and LNG operators
- Impairment testing under IAS 36 for oil gas LNG and renewable energy assets
- Stranded asset impairment risk for UAE oil gas and LNG assets under IAS 36
- Case studies from ADNOC ENOC and global oil gas LNG and renewables company financial statements
Day 2 | Financial Reporting, Instruments, Sustainability and IASB Update
Session 5 | IASB Update and Financial Statements
- IASB September 2023 decision to retain IFRS 6 following extractive activities research project completion
- IASB December 2024 PPA amendments to IFRS 9 and IFRS 7 — effective 1 January 2026
- IASB December 2025 Post-Implementation Review of IFRS 9 hedge accounting — Request for Information 2026
- IFRS 18 effective 1 January 2027 — income statement presentation and management-defined performance measures
- Presentation of financial statements under IFRS 18 and IAS 1 for oil gas LNG and renewables companies
- Segment reporting under IFRS 8 for diversified oil gas LNG and renewables groups
- Case studies from ADNOC Masdar and global oil gas LNG and renewables company financial statements
Session 6 | Financial Instruments Hedge Accounting and Business Combinations
- Classification and measurement of financial instruments under IFRS 9 for oil gas LNG and renewables operators
- Hedge accounting for oil gas LNG and commodity price risk under IFRS 9
- Own-use exemption assessment for physical oil gas LNG and renewable energy contracts under IFRS 9
- Business combinations under IFRS 3 for oil gas LNG and renewables transactions
- ADNOC acquisition of Covestro for 16.3 billion dollars — IFRS 3 business combination accounting
- Consolidated financial statements under IFRS 10 for diversified oil gas LNG and renewables groups
- Case studies from ADNOC and global oil gas LNG and renewables company financial statements
Session 7 | Financial Standards and Reporting Requirements
- Lease accounting under IFRS 16 for oil gas LNG and renewables infrastructure and equipment
- Provisions contingent liabilities and contingent assets under IAS 37 for energy transition operators
- Government grants and royalty accounting under IAS 20 for UAE oil gas and renewables operators
- Joint venture and joint operation accounting under IFRS 11 for oil gas LNG and renewables
- Revenue recognition for royalty and government grant arrangements under IFRS 15 and IAS 20
- Expected credit loss model under IFRS 9 for oil gas LNG and renewables receivables
- Case studies from global oil gas LNG and renewables company financial statements
Session 8 | Sustainability Disclosures and Energy Transition
- IFRS S1 and IFRS S2 sustainability disclosure requirements for oil gas LNG and renewables companies
- ADNOC net zero by 2045 target — IFRS S1 and IFRS S2 transition plan accounting implications
- Masdar 100 GW renewables target — IFRS S2 climate-related disclosure requirements
- Carbon capture utilisation and storage accounting under IAS 38 IAS 37 and IAS 20
- Green hydrogen accounting — IAS 16 IAS 38 and IFRS 15 revenue recognition for hydrogen projects
- Comprehensive wrap-up case studies covering all IFRS challenges for UAE oil gas LNG and renewables companies
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution or unauthorised use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. © 2026 Shasat
Why you must attend?
Oil gas LNG and renewables accounting creates the most complex IFRS financial reporting challenges in the Middle East. Specifically, IFRS 6 exploration accounting and IAS 37 decommissioning provisions are among the most technically demanding areas of IFRS. Furthermore, ADNOC’s 150 billion dollar investment plan is significantly expanding IFRS 6, IAS 16 and IAS 36 reporting complexity. In addition, the Ruwais LNG FID and Masdar’s 100 GW renewables target are creating major new IFRS accounting challenges. Consequently, finance professionals who lack mastery of these critical IFRS standards face significant financial reporting risk in 2026.
This programme addresses every critical IFRS accounting challenge unique to Dubai and global oil gas LNG and renewables operators. Specifically, it covers IFRS 6 exploration accounting, IAS 16 upstream and LNG asset accounting and IFRS 16 lease accounting. Furthermore, it covers IAS 37 decommissioning provisions, IFRIC 12 service concession arrangements and IAS 36 impairment testing for energy transition assets. In addition, renewable energy accounting, LNG joint venture accounting under IFRS 11 and IFRS 9 commodity hedge accounting are covered in depth. Consequently, every session uses real case studies from ADNOC, ENOC, Masdar and leading global oil gas LNG and renewables companies.
Finance professionals who attend gain significantly more than technical IFRS knowledge. Specifically, they develop the confidence to resolve complex IFRS oil gas LNG and renewables accounting challenges in practice. Furthermore, they leave fully equipped to advise boards auditors and regulators on critical IFRS standards across upstream LNG and renewables operations. In addition, participants from Dubai and every major global oil gas LNG and renewables market strengthen their organisation’s IFRS reporting frameworks. Consequently, this programme is the most important career investment for every oil gas LNG and renewables finance professional. It strengthens both personal IFRS technical mastery and the organisation’s financial reporting position globally.
Teaching methodology
The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration and fostering a deeper understanding of the material.
- Discussions on GAAP differences ( IFRS vs US GAAP), industry issues, and diversity in practices, provide attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.
Who should attend?
This programme is designed for finance professionals working in oil gas LNG and renewables organisations globally. Specifically, it is directly relevant for financial controllers, finance managers, financial analysts and management accountants. Furthermore, it is equally relevant for auditors, treasury professionals and investor relations professionals at ADNOC, ENOC and Masdar. In addition, finance professionals at international oil gas LNG and renewables companies with MENA operations will benefit significantly. Consequently, participants are expected to have a foundational understanding of financial reporting and accounting principles.
This programme is also directly relevant for professionals seeking to strengthen their IFRS technical knowledge. Specifically, it is suitable for professionals at DIFC listed and internationally reporting oil gas LNG and renewables companies. Furthermore, it is equally relevant for finance professionals transitioning into IFRS reporting roles at UAE and global energy companies. In addition, professionals working on ADNOC’s 150 billion dollar investment programme and the Ruwais LNG project will benefit greatly. Consequently, this programme is the most important career investment for every finance professional across oil gas LNG and renewables in Dubai and globally.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
