List of Duties-Petroleum Accountants

Petroleum Accountant

  • Conduct auditing of petroleum operations, revenues and expenditures.
  • Assist the Income Tax Department in the auditing of petroleum operations, revenues and expenditures.
  • Audit and monitor petroleum revenues including royalty, Government production share and revenues from Government participation in commercial fields.
  • Assist in the administration of petroleum contracts.
  • Process landowners’ share of royalties for payment.
  • Evaluate oil and gas field economics.

Petroleum Accounting Clerk

  • Conduct verification of daily petroleum production and sales reports and file and maintain reports.
  • Conduct monthly and annual reconciliation of petroleum production, sales and inventory.
  • Conduct regular verification of gross petroleum revenues.
  • Conduct regular verification of petroleum expenditures.
  • Prepare reports on verification of petroleum production and sales, gross revenues and expenditures including findings and recommendations.
  • Prepare and maintain financial database of petroleum revenues and expenditures.
  • Verify compliance of petroleum contractors with accounting obligations consistent with generally accepted standards and procedures in the international petroleum industry.
  • Maintain petroleum accounting files.
  • Update and maintain the petroleum register.