- Exploration and production
- Oil and Gas Services
- Post-secondary diploma
- Post-secondary degree
About This Career
You are a “numbers person.” Your philosophy? If knowledge is power, then the numbers are the power source. You’re the accountant and keeper of the data that companies require to make good decisions about planning or operating a facility or project. You skillfully verify and report on the quantities, costs and revenues from oil and gas activities involved in exploring, drilling and operating wells.
Operations Accounting and Production Accounting professionals ensure that information as it relates to the quantities, costs and revenues associated with oil and gas activities are properly accounted for and reported to stakeholders. They play a key role in the management of an oil or gas operation or project.
When you start in this occupation activities may include:
- Undertake reserve-related financial calculations, analysis disclosures and integral controls including depletion, unproven property, ceiling test, standardized measure etc.
- Establish tables of accounts and assign entries to proper accounts
- Ensuring contracts are accurately represented in financial results
As you advance in the career, you may take on additional tasks including:
- Analyzing (or preparing) accounting records, financial statements and other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards
- Assisting cross-functional teams in the review and recommendation of appropriate accounting treatments and related business processes for new approaches and practices that evolve from the business
- Providing technical accounting support for federal and provincial tax submissions
- A post-secondary diploma or degree in a relevant field – ideally in business, accounting, economics or petroleum technology - is typically required. An Energy Asset Management (EAM) two-year diploma is available from the Southern Alberta Institute of Technology (SAIT), in partnership with the Centre for Energy Asset Management Studies (CEAMS).
- Specific health and safety certifications will be determined by job requirements
- Chartered Professional Accountant (CPA) designation (legacy CA, CMA or CGA)
- Canadian Association of Petroleum Production Accounting (CAPPA) designation
You like the facts. You’re energetic and collaborative, and you pay attention to the small details.
- Economics and accounting
- Critical thinking
- Attention to detail
- Administration and management
- Managing financial resources
- Judgment and decision making
- Leading and living the company vision and values
- Finance and insurance
- Agriculture, forestry, fishing and hunting
- Mining and quarrying
- Professional, scientific and technical services
- Public administration
Related Careers in Oil & Gas
Also known as
- Operations Accountant
- Production Accountant
- Business Analyst
- Financial Analyst
- Revenue Accountant
2019 employment in Canada's oil and gas industryPosted
PetroLMI has released December 2019 data from Statistics Canada’s Labour Force Survey (LFS)*, providing a glimpse into the state of the labour market ...Continue reading