1.1 Budgets Explain the key purpose and objective of budgets and forecasts, including the importance of setting milestones and key performance indicators.
1.2 Ethical considerations Identify issues relating to ethical considerations for budgetary forecasting and projections and explain how these impact on forecast reliabilities.
1.3 Sources of data Describe two types and sources of data and information required for budgeting and forecasting.
1.4 Expenditure Outline and describe a range of expenditure and revenue items relevant to budgeting and forecasting.
1.5 Forecasting Identify two budget forecasting techniques and explain the similarities and differences between both.
1.6 Organisational policy Name the organisational policies and procedures relevant to budgeting and forecasting and briefly describe the key features that govern process and decisions.
1.7 Accounting principles a) Explain and give an example of the key principles and practices of:
i. accrual accounting
ii. budgetary control
iii. corporate governance
iv. double-entry bookkeeping
v. statistical analysis and measures of variance.
b) Explain how accrual accounting and double entry bookkeeping affects budgeting and the monitoring of budget outcomes
Think of figures like Thersites and Dolon in the Iliad, Tellus in Herodotus, Hecuba in Euripides and Dicaeopolis in Aristophanes. Answer this: do you think the Greeks developed new and different ideas
Nevertheless, Weatherford Company also offers to the operator’s wireline services, the wireline services include all the advance and important information about the well. Likewise wireline fulfil all the client needs with unequalled flexibility and with integrated strategic wireline technologies, tools, and syste
In addition, completion and stimulation is also one of the essential services provided by Weatherford Company. To achieve a high quality production of the well it is important to perform critical treatments and upgrades efficiently. This requires a careful preparation and extensive capability.
Consequently, Weatherford delivers a complete facilities, breadth, and experience in multi subjects whether on the surface or down the well, in laboratories or factories. The company focus is to deliver a high quality services in the industry.
Weatherford labs
Weatherford Laboratories are involved in rock and fluid analysis by providing several services related to oil and gas production around the world. Weatherford labs has wide experience in working with different type of fluids and reservoir which play an important role for oil and gas producers. In addition, this experience leads the company to reach determinations on the best production for the long-term viability of a well.
Weatherford labs provide several services according to the client requirements, for instance MICP (Mercury injection and Capillary pressure), Porosity and Permeability measurement, CT scan for cores, Soxhlet Cleaning, Core photo, Core gamma, Fluid Saturation by Dean Stark, Salinity Analysis, and finally Miscible Extraction.
Weatherford laboratory sections
The Waterford lab in Oman is divided into several sections and each department has special tasks. The flow chart below shows the different sect
The Conventional core analysis department is about using different instrument in order to measure the porosity and permeability of fluids using Nitrogen and Helium gases. In addition porosity and permeability are important factors in petroleum.
This section provide an important data related to porosity and permeability in order to get a better understanding in reservoir and flow of different types of fluids using DHP (Digital Helium Porosimeter) and DGP (Digital Gas Porosimeter) devices also VINCI is one of the instruments that used for steady- state processes.
SCAL sectio
Special core analysis section are specialist in understanding petrophysical properties goes beyond special techniques with advance tests to help the client more in estimating their fields.
It is important to note however, that SCAl provide several services in MICP (mercury injection and capillary pressure), FRF (formation resistivity factor), and permeability of fluids especially water, CT scan, and flush cleaning using different solvents.
However, the department provides unique tests related to the above processes in order to ensure the delivery of good quality services and focus on saving costs to the customer.
Therefore, SCAL section is responsible for different fluid analysis at several stages in order to fulfil all the operational requirements and to achieve important results that optimize production and development of the fields.
Other sections
Weatherford laboratories also provide some other services behind the services provided by CCA and SCAL. These services include the basic experiments and requirement to observe several parameters such as temperature, pressure, and type of gas.