PUBLICATIONS
LinkedIn RSS

Accounting Procedures

The Petroleum Accountants Society of Canada (PASC) has released the highly anticipated 2011 version of the Accounting Procedure. Also released were three related interpretation guides required for a full understanding of the Accounting Procedure: Chargeable Engineering Activities, Chargeable Communication Systems and Chargeable Field Computer Systems.

The 2011 Accounting Procedure (and related documents) replaces all previous versions of the PASC Accounting Procedure (including the most recent 1996 version) that are currently in use for domestic joint ventures. The current PASC Frontier Development and Exploration Accounting Procedures still remain as guidance documents for frontier operations.

Special thanks goes to the PASC Joint Interest Research Committee for leading this change initiative and creating the documents that are key to managing joint venture cost sharing arrangements. The Board of Directors of PASC and the Joint Interest Research Committee also extend their thanks to the many industry stakeholders who actively participated in the process through the various industry feedback cycles.

Reference copies of all four documents can be purchased online through the PASC Publications Order Form. Organizations interested in purchasing a site license can do so through the 2011 Accounting Procedure Site License order form.

The 2011 Accounting Procedure and related publications are now available for sale via a site license.

Reference copies of the 2011 Accounting Procedure and related publications can be ordered through the PASC Publications Order Form.

2011 Accounting Procedure: Authorized Licensees


Members, please Log In to the website to get your free access to accounting procedure reference copies and other select publications!

To learn more about the benefits of a PASC membership, or to become a PASC member, please see our Join PASC page.

Reference copies of all PASC Accounting Procedure documents can be ordered through our PASC Publications Order Form.

Draft documents are always freely available.


API-17 Chargeable Field Computer System

API-16 Chargeable Communication Systems

API-15 Chargeable Engineering Activities

API-14 Accounting for the Addition, Replacement and Disposal of Material

For reference purposes only.

API-13 Determining Warehouse Handling Charges

For reference purposes only.  Describes how a warehouse handling charge should be determined as a percentage of cost of material moved, for material delivered from the operator’s warehouse or an alliance’s warehouse if such material is not currently or normally stored at a joint property warehouse.

API-11 1996 Accounting Procedure and Explanatory Text

For reference purposes only. For use with CAPL Operating Procedures, Unit Operating Procedures and Construction, Ownership and Operating (CO&O) agreements in Western Canadian joint operations. Revision to the PASC 1988 Accounting Procedure and PASC 1991 Facilities Accounting Procedure. It includes the Modifications Exhibit, Explanatory Text and Summary Grid, all of which are now an integral part of the Accounting Procedure.

API-10 1991 Frontier Development and Operations Accounting Procedure and Explanatory Text

For reference purposes only. Intended for use with Operating agreements covering development, operations and maintenance of joint projects in the offshore and the Arctic areas.

API-9 1991 Facilities Accounting Procedure and Explanatory Text

For reference purposes only. For use with Construction, Ownership and Operating (CO&O) agreements for significant facilities such as gas plants, gathering systems, compressors, etc., in Western Canadian joint operations.

API-8 1988 Accounting Procedure and Explanatory Text

For reference purposes only. Rewrite of 1983 Accounting Procedure allowing more flexibility in recovering operator costs. For use with CAPL Operating Procedures covering Western Canadian joint operations.

API-7 1986 Frontier Exploration Accounting Procedure and Explanatory Text

For reference purposes only. Covers exploratory joint operations in frontier and offshore areas. Recommended for use with CAPL Frontier Operating Procedure.

API-3 1983 Accounting Procedure and Explanatory Texts

For reference purposes only. For use with CAPL Operating Procedures covering Western Canada joint operations. Requires slight modifications for use with unit operating agreements.

API-2 1976 Accounting Procedure and Explanatory Text

For reference purposes only.

PASC Publications Order Form