This professional course covers hydrocarbon measurement, reconciliation, allocation, data management, inventory management, production planning, commercial analysis, and reporting. The course is designed to help the participants gain deeper insights into hydrocarbon accounting issues and possible approaches to tackling the issues. The course is well structured and covers all the domain input needed to operationalise effective hydrocarbon accounting for upstream, midstream, and downstream petroleum operations.

Accurate tracking of hydrocarbon streams and ownership is essential to the value realisation of the oil and gas business. Hydrocarbon production data may originate from many sources with different equity holdings since infrastructure sharing is standard practice in the petroleum industry. Accounting for hydrocarbon quantities from all the contributing sources is essential for the optimal financial performance of oil and gas assets. But the functional requirement of the hydrocarbon accounting team goes beyond just handling data. This course emphasises why the hydrocarbon accounting team should understand the science behind the data and its uses to ensure data quality. The course also helps other departments that use the data reported or those who supply data to the hydrocarbon accounting team to see the criticality of the hydrocarbon accounting processes to the company's revenue profile.