Saudi Aramco GI 216.608 WELL ACCOUNTING & DEVELOPMENT COSTS

This document, Saudi Aramco General Instruction Manual GI 216.608, provides a comprehensive guide to well accounting and development costs within Saudi Aramco. It details the procedures for accounting for all activities related to oil and gas exploration, field development, and other drilling operations.

Key topics covered include the Work Breakdown Structure (WBS) for wells, well account numbering systems, approval authorities, accumulation and classification of well costs, capitalization, depreciation, amortization, and the procedures for closing well accounts. The document also outlines specific WBS type prefix codes and their associated cost centers, as well as referencing relevant Saudi Aramco forms and other General Instructions for a complete understanding of the accounting framework.

This detailed manual is essential for ensuring accurate financial tracking and reporting of all well-related expenditures and asset management processes. Ideal for accounting managers, financial analysts, cost controllers, and project accountants working in the oil and gas industry or similar large-scale exploration and production organizations.