- Business and Operations Support
- Operations and Production Accounting Professional
- NOCs #1523, #1111, #1112
Operations and Production Accounting Professional
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 activities involved in exploring, drilling or operating wells.
Operations accounting and production accounting professionals ensure that information as it relates to the quantities, costs and revenues associated with the activities are properly accounted for and reported to stakeholders. They play a key role in the management of an energy operation or project.
I'm interested in a career in
- Sub-sector Exploration and production, Oil and gas services, Pipelines
- Environment Primarily indoor/office work
- Average Salary $41,000 to $155,000
- Education Post-secondary diploma
- Career Demand Stable
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
Education
- 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).
Certifications
- Specific health and safety certifications will be determined by job requirements
Licensing
- Chartered Professional Accountant (CPA) designation (legacy CA, CMA or CGA) may be required
- Canadian Association of Petroleum Production Accounting (CAPPA) designation
Nature of work and environment conditions specific to oil and natural gas include:
- Minimal or no travel
- Primarily indoor/office work
- Work not physically demanding
You like the facts. You’re energetic and collaborative, and you pay attention to the small details.
- Clerical
- Economics and accounting
- Critical thinking
- Attention to detail
- Collaborative
- Administration and management
- Managing financial resources
- Judgment and decision making
- Innovative
- Leading and living the company vision and values
- Sub-sector Carbon capture, utilization and storage, Emissions reduction
- Environment Primarily indoor/office work
- Average Salary Equal to oil and gas
- Education Post-secondary diploma
- Career Demand Stable
- Skills Upgrading Minor
-
Refocus
An operations and production accounting professional working in oil and natural gas may require some minor upskilling to transition to the CCUS and emissions reduction sub-sectors of cleantech. Knowledge of and experience integrating industry regulations, incentive programs and reporting may be required. In the emissions reduction sub-sector, a worker may need to be familiar with managing carbon offsets, carbon taxes and other regulatory requirements related to emissions.
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
Education
- 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).
Certifications
- Specific health and safety certifications will be determined by job requirements
Licensing
- Chartered Professional Accountant (CPA) designation (legacy CA, CMA or CGA) may be required
- Canadian Association of Petroleum Production Accounting (CAPPA) designation
Nature of work and environment conditions specific to cleantech include:
- Primarily indoor/office work (CCUS | emissions reduction)
- Freelance/contract opportunities (CCUS | emissions reduction)
- Lower-risk tolerant culture (CCUS | emissions reduction)
- Transition to a similar level (CCUS | emissions reduction)
- Urban location (CCUS | emissions reduction)
Nature of work and environment conditions specific to oil and natural gas include:
- Minimal or no travel
- Primarily indoor/office work
- Work not physically demanding
You like the facts. You’re energetic and collaborative, and you pay attention to the small details.
- Clerical
- Economics and accounting
- Critical thinking
- Attention to detail
- Collaborative
- Administration and management
- Managing financial resources
- Judgment and decision making
- Innovative
- Leading and living the company vision and values
- Environment Primarily indoor/office work
- Average Salary Equal to oil and gas
- Education Post-secondary diploma
- Career Demand Stable
- Skills Upgrading Minor
-
Refocus
An operations and production accounting professional working in oil and natural gas may require some minor upskilling to work in petrochemicals and refining. Workers may require experience with large and complex facilities in a processing/refining environment. Knowledge of and experience integrating industry regulations, incentive programs and reporting may be required.
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
Education
- 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).
Certifications
- Specific health and safety certifications will be determined by job requirements
Licensing
- Chartered Professional Accountant (CPA) designation (legacy CA, CMA or CGA) may be required
- Canadian Association of Petroleum Production Accounting (CAPPA) designation
Nature of work and environment conditions specific to petrochemicals and refining include:
- Primarily indoor/office work
- Lower-risk tolerant culture
- Safety-sensitive environment
- Transition to a similar level
- Career development fostered/supported
- Urban location
- Potentially unionized
Nature of work and environment conditions specific to oil and natural gas include:
- Minimal or no travel
- Primarily indoor/office work
- Work not physically demanding
You like the facts. You’re energetic and collaborative, and you pay attention to the small details.
- Clerical
- Economics and accounting
- Critical thinking
- Attention to detail
- Collaborative
- Administration and management
- Managing financial resources
- Judgment and decision making
- Innovative
- Leading and living the company vision and values
- Environment Primarily indoor/office work
- Average Salary Equal to oil and gas
- Education Post-secondary diploma
- Career Demand Stable
- Skills Upgrading Minor
-
Refocus
An operations and production accounting professional working in oil and natural gas may require some minor upskilling to transition to LNG facility operations. Workers may require experience with large and complex facilities in a processing/refining environment. Knowledge and integration of industry regulations, incentive programs and reporting may be required.
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
Education
- 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).
Certifications
- Specific health and safety certifications will be determined by job requirements
Licensing
- Chartered Professional Accountant (CPA) designation (legacy CA, CMA or CGA) may be required
- Canadian Association of Petroleum Production Accounting (CAPPA) designation
Nature of work and environment conditions specific to LNG include:
- Primarily indoor/office work
- Lower-risk tolerant culture
- Safety-sensitive environment
- Transition to a similar level
- Career development fostered/supported
- Urban location
Nature of work and environment conditions specific to oil and natural gas include:
- Minimal or no travel
- Primarily indoor/office work
- Work not physically demanding
You like the facts. You’re energetic and collaborative, and you pay attention to the small details.
- Clerical
- Economics and accounting
- Critical thinking
- Attention to detail
- Collaborative
- Administration and management
- Managing financial resources
- Judgment and decision making
- Innovative
- Leading and living the company vision and values
- Sub-sector Geothermal
- Environment Primarily indoor/office work
- Average Salary Equal to oil and gas
- Education Post-secondary diploma
- Career Demand Stable
- Skills Upgrading Minor
-
Refocus
An operations and production accounting professional working in oil and natural gas may require some minor upskilling to transition to the geothermal sub-sector of renewables. Knowledge and integration of industry regulations, incentive programs and reporting may be required.
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
Education
- 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).
Certifications
- Specific health and safety certifications will be determined by job requirements
Licensing
- Chartered Professional Accountant (CPA) designation (legacy CA, CMA or CGA) may be required
- Canadian Association of Petroleum Production Accounting (CAPPA) designation
Nature of work and environment conditions specific to renewables include:
- Primarily indoor/office work (geothermal)
- Freelance/contract opportunities (geothermal)
- Lower-risk tolerant culture (geothermal)
- Transition to a similar level (geothermal)
- Urban location (geothermal)
Nature of work and environment conditions specific to oil and natural gas include:
- Minimal or no travel
- Primarily indoor/office work
- Work not physically demanding
You like the facts. You’re energetic and collaborative, and you pay attention to the small details.
- Clerical
- Economics and accounting
- Critical thinking
- Attention to detail
- Collaborative
- Administration and management
- Managing financial resources
- Judgment and decision making
- Innovative
- Leading and living the company vision and values
