Description
TIER ALPHA · INTELLIGENCE ENGINE
Oil & Gas MENA Intelligence Engine™
“IFRS 6, PRMS, PSAs, royalties — upstream accounting, solved.”
|
◼ THE PROBLEM
Oil & gas accounting is unlike any other sector — exploration capitalisation, PRMS reserves, production sharing agreements, and royalty mechanics. |
◼ THE DIGISOUL ANSWER
Full upstream lifecycle: IFRS 6 exploration, PRMS reserves, PSA / concession accounting, royalties, and decommissioning. |
The Transformation
|
⚠ BEFORE
You burn hours Googling regulations, piecing together guidance from scattered PDFs, second-guessing every edge case, and paying advisors for answers you could find yourself if you had the right tool. |
→
|
✓ AFTER
You ask Oil & Gas MENA once. You get a regulation-grounded, audit-defensible answer in under 30 seconds — cited, structured, and instantly usable in client deliverables or board packs. |
How This Engine Thinks
This is not a chatbot pretending to be an expert. It is a multi-agent reasoning system where every subagent owns a specialist capability, governed by a deterministic 5-step methodology. Every answer is traceable, every citation is checkable, and every conclusion is reproducible.
The Specialist Subagents Inside
Every subagent owns one capability and does it at specialist depth. The orchestrator decides which subagent runs, in what order, based on your query.
|
|
|||||
|
|
|||||
|
||||||
The 5-Step Methodology · Every Query, Every Time
This is deterministic. Every answer follows the same 5 steps. That is what makes the output audit-defensible.
|
1
|
STEP 1
Classify field stage (exploration / development / production)
|
|
2
|
STEP 2
Apply IFRS 6 and capitalisation policy
|
|
3
|
STEP 3
Determine PSA or concession terms
|
|
4
|
STEP 4
Book cost recovery and profit oil
|
|
5
|
STEP 5
Accrue royalties and decommissioning
|
What You Walk Away With
|
✦
Upstream clean books
|
✦
Reserves-backed disclosures
|
✦
Decommissioning accuracy
|
|
★ BUILT FOR
NOC CFOs, oil majors, upstream accountants, energy auditors
|
Stop Googling regulations. Deploy a specialist brain.
Add to cart. Download in seconds. Use forever.
◆ INSTANT DELIVERY ◆ LIFETIME ACCESS ◆ FUTURE UPDATES
Crafted with soul by DIGISOUL · Digital With Soul
Frequently asked questions
What is the IFRS 6 framework for exploration and evaluation?
IFRS 6 Exploration for and Evaluation of Mineral Resources allows entities to continue using their existing accounting policies for E&E (Exploration and Evaluation) expenditure pre-IFRS adoption. Most MENA oil and gas companies use the Successful Efforts Method (capitalising only successful well costs and exploratory dry holes related to commercial reserves) or Full Cost Method (capitalising all E&E costs in cost centres). Post-development, IAS 16 (PP&E) and IAS 38 (Intangibles) apply. Decommissioning and restoration provisions are recognised under IAS 37 with discounting.
How are Production Sharing Agreements (PSAs) accounted for?
Production Sharing Agreements (common in Egypt, Algeria, Libya, Oman, Iraq) split production between the host government and the contractor. Cost Oil (used to recover costs) and Profit Oil (split per agreed percentages) define the accounting. Contractors recognise revenue on a working interest basis adjusted for cost recovery and government share. Royalties, signature bonuses, training contributions, and abandonment provisions follow IAS 37 or IFRS 16 depending on nature. The IASB IFRIC 6 and Industry Issue Group provide additional guidance for joint operations under IFRS 11.
What are typical MENA oil and gas tax rates?
Saudi Arabia: Aramco 50% on the operating margin of upstream activities, 20% on downstream (post-2020 IPO). UAE: Federal CT 9%; concession-specific rates may exceed under historical agreements. Kuwait: KOC and KGOC fall under the Foreign Investment Law concession framework. Oman: 55% on E&P companies under Royal Decree 28/2009. Bahrain: 46% on oil/gas/petroleum. Qatar: 35%+ on PSCs under Law 24 of 2018 and concession-specific terms. Egypt: PSAs with state share of 50%-90% of profit oil. Withholding taxes on services apply across the board.
How is decommissioning provision accounted for?
Under IAS 37 Provisions, decommissioning and restoration obligations are recognised when the obligation arises (typically at the time of installation/production). The provision is the present value of estimated future cash outflows discounted at a pre-tax rate reflecting the time value of money and specific risks. The corresponding asset is added to PP&E and depreciated over the asset's useful life (IAS 16). The provision unwinds via interest expense each period. Estimates are revised at each reporting date for changes in cash flow, timing, or discount rate, with adjustments to PP&E (or P&L if PP&E is impaired).
What does the Digisoul Brain Oil & Gas Engine cover?
The engine covers IFRS 6, IAS 16, IAS 38, IAS 37, IFRS 11 (joint operations), IFRS 16 (lease for rigs), Successful Efforts vs Full Cost, Production Sharing Agreements (PSAs), concession agreements, royalties and bonuses, decommissioning and restoration, hedge accounting for commodities, MENA oil and gas tax regimes, ARAMCO/ADNOC/QatarEnergy/KOC reporting practices, and 28+ prompt workflows including PSA revenue computation, decommissioning provision update, and joint operation reconciliation.
الأسئلة الشائعة
ما الذي يغطيه محرك النفط والغاز؟
يغطي محاسبة النفط والغاز عالمية المستوى المُكيَّفة لـMENA: اتفاقيات تقاسم الإنتاج (PSAs) واتفاقيات الامتياز، Cost Oil/Profit Oil، حصة الإتاوة، مكافآت التوقيع والإنتاج، محاسبة العمليات المشتركة بـIFRS 11، احتياطيات بـSPE-PRMS، اختبار انخفاض الأصول، مخصصات إيقاف التشغيل بـIAS 37، الانتقال الطاقوي (CCS، الهيدروجين الأزرق، الأمونيا)، إفصاحات IFRS S2 المناخية، وممارسات أرامكو/أدنوك/قطر للطاقة/KOC/PDO الخاصة بالقطاع.
من يحتاج إلى محرك النفط والغاز؟
فرق المالية في NOCs (أرامكو، أدنوك، قطر للطاقة، KOC، KPC، Sonatrach، PDO)، IOCs العاملة في MENA (Shell، BP، TotalEnergies، Eni، Chevron، ExxonMobil)، شركات خدمات حقول النفط (Schlumberger، Baker Hughes، Halliburton، ADES، NESR)، صناديق الثروة السيادية بمحافظ النفط والغاز، وخزينة الدولة المعتمدة على عوائد النفط (السعودية، الكويت، الإمارات، قطر، عُمان).
إيه IFRS 6 Exploration & Evaluation وإمتى تطبق؟
IFRS 6 standard interim بيطبق على expenditures في exploration & evaluation phase: من بداية الـlegal rights للاستكشاف لحد ما الـtechnical feasibility و commercial viability يثبتوا. بيسمح بمرونة في accounting policies للـcompanies (capitalize vs expense): (1) Successful Efforts Method — capitalize بس النفقات اللي أدت لـdiscovery؛ (2) Full Cost Method — capitalize كل exploration costs في cost pool واحد، مع ceiling test. بعد ما الـtechnical feasibility تتأكد، الأصول بتـreclassify لـIAS 16 PP&E أو IAS 38 Intangibles، و amortization بيبدأ على Unit of Production basis. ADNOC، Saudi Aramco، Sonatrach بيستخدموا Successful Efforts.
إزاي تحاسب Production Sharing Contracts (PSCs)؟
PSCs بتحدد كيف الإنتاج بيتقسم بين الـHost Government والـContractor (الـIOCs). الـrevenue model: (1) Cost Oil — الـcontractor بيسترد cost-recovery قبل الـprofit oil split (capped عادةً 50-70% من الـannual production)؛ (2) Profit Oil — الباقي بيتقسم وفق sliding scale (R-factor، IRR triggers)؛ (3) Royalty — قبل أو بعد cost recovery، تختلف من 5-20%. Accounting: cost recovery oil بيعتبر revenue للـcontractor (gross-up) أو reimbursement (net presentation) — IFRS 15 بيدي مرونة. IFRIC 4/IFRS 16 lease analysis لازم لو فيه dedicated assets. مصر (EGPC PSCs)، الجزائر، عمان، ليبيا بيستخدموا PSC modes.
إيه قواعد carbon pricing في الإمارات و السعودية؟
الإمارات: UAE Net Zero 2050 announced 2021، COP28 Dubai 2023 اطلاق UAE Carbon Alliance. ADNOC و Masdar carbon offset program (Net Zero by 2045 لـADNOC). UAE Voluntary Carbon Market (Abu Dhabi Global Market — AirCarbon Exchange). National Carbon Tax مش implemented بعد لكن في discussions. السعودية: Saudi Green Initiative 2030 — تخفيض emissions بـ278M tons by 2030. Regional Voluntary Carbon Market Company (RVCMC) أطلقت 2022 — auctions كبيرة لـcarbon credits. Saudi Aramco Net Zero by 2050 (Scope 1+2). الاتنين دلوقتي focus على voluntary markets أكتر من mandatory carbon tax. Tadawul Sustainability Index بيطلب climate-related disclosures.
Reviews
There are no reviews yet.