A companion text to PennWells popular Fundamentals of Oil & Gas Accounting, this book explains, examines, and discusses various aspects of accounting in international petroleum operations. It discusses and illustrates international petroleum contracts and related contract accounting issues that arise and contrasts U.S. accounting standards with those of other countries which are likely to be applicable to companies operating in international settings. Also included are discussions of petroleum tax regimes encountered around the world. Whereas Fundamentals of Oil & Gas Accounting covers the theory of petroleum accounting and is written for university study, International Petroleum Accounting is very much a practical application treatment with examples from the field.





