Oil and Gas Accounting MSc

Masters in Oil and Gas Accounting

1. Overview

The MSc Oil and Gas Accounting course is designed to develop specialist knowledge and skills specifically for a career in the oil and gas industry.

The course will enable students to develop a critical awareness of the key issues in accounting for upstream oil and gas exploration, development and production activities and is delivered by respected academics with relevant industry experience.

The MSc Oil and Gas Accounting is accredited by The Association of International Accountants (AIA) and the Energy Institute.

Read the testimonials from our successful students (pdf 27k)

> View the OilSim challenge video via our Facebook page

2. What you will study

The course will develop your knowledge of the theory and practice of accounting, audit and financial management for oil and gas activities from an international perspective. The course has been meticulously designed to meet the demands of the sector and to tackle a full range of topics.

Semester 1

Semester 2

Semester 3

Award: MSc Oil and Gas Accounting

Modules and delivery order may change for operational purposes.

The University regularly reviews its courses. Course content and structure may change over time. See our course disclaimer for more information. 

3. How you will learn

Full-time Study

Teaching is a mixture of case studies, presentations, lectures, tutorials, computer labs and individual or group work. You will also take part in an Oil and Gas simulation, recent guest lectures have included Shell, BP and Ernst & Young. Access to our virtual learning environment, CampusMoodle, is also provided giving you access from home to the learning materials (including videos, e-books and journals).


4. Entry requirements

A good honours degree in any numerically orientated degree. Applicants having a degree or degree equivalent qualification and relevant work experience may also be considered, as may qualifications from approved professional accountancy bodies such as ACCA and CIMA.

All international students, for whom English is not their first language, must provide evidence of linguistic ability, by gaining IELTS 6.5.

English Language Requirements

5. Placements and accreditations

The MSc Oil and Gas Accounting course is accredited by The Association of International Accountants (AIA) and the Energy Institute

6. Student Funding

Merit Scholarship
Aberdeen Business School offers a number of merit scholarships to our outstanding students. Find out more information on Merit Scholarship.

Postgraduate Funding
Applicants (Scottish domiciled and EU) to this course may be eligible for a Postgraduate Tuition Fee Loan (PTFL). Full-time students can apply for a PTFL up to £3400. Part-time students can apply for up to £1700. The tuition fee loan is only available to part-time students who are undertaking at least 50% of a full-time course, and therefore, complete their qualification in 2 years. Information on funding for postgraduate students can be found via Postgraduate Student Finance.

Alumni Discount

Robert Gordon University is delighted to offer a 20% loyalty discount on course fees for all alumni who have graduated from RGU, further information available via the Alumni page.

7. Course Fees

For Academic Year 2016/2017

UK/EU Students

  • £3,400 entire course

International Students

  • £11,400 entire course

For Academic Year 2015/2016

UK/EU Students

  • £6,200 entire course

International Students

  • £12,500 entire course

For Academic Year 2014/2015

UK/EU Students

  • £6,000 entire course

International Students

  • £12,000 entire course

For Academic Year 2013/2014

UK/EU Students

  • £5,000 entire course

International Students

  • £11,000 entire course

For Academic Year 2012/2013

UK/EU Students

  • £4,625 entire course

International Students

  • £10,500 entire course

For Academic Year 2011/2012

UK/EU Students

  • £4,500 entire course

International Students

  • £9,500 entire course

All course fees are reviewed annually and subject to change. Published fees apply to the course's mode of delivery. You will also be liable to pay a graduation fee of £40 before receiving a University award.

For further information see Student Finance pages


8. How to apply

Course Enquiries

If you have any course related questions, please contact the course leader - accountingandfinance@rgu.ac.uk

Application Form

If you have any queries, please contact our Admissions Office: 

If you are an International Student and would like further information and application advice:

9. Prospects

Aberdeen Business School MSc StudentsA postgraduate qualification in Oil and Gas Accounting provides the graduate with extensive opportunities for a career with local, national and international companies in the fields of oil and gas accounting, finance and economics.

The course structure will provide a breadth of coverage to allow graduates to pursue a variety of roles and careers in the oil and gas industry within, for example, oil and gas companies, government departments or regulatory bodies, consulting and research companies.

There are a wide number of opportunities for graduates who are properly equipped with a broad range of professional, technical and subject-specific skills. There are a number of roles addressing the different aspects of oil and gas finance, accounting, audit, economics, financial analysis, benchmarking and intelligence.

For those who are new to accounting, this course will allow you to develop the practical skills, knowledge and understanding required to enter into and develop your career within the accounting profession.

Course Benefits: We aim to produce independent thinkers who are ready and able to face the complexities and challenges of oil and gas accounting faced by organisations. Overall, you will learn to:

  • Develop an understanding of the organisational behaviour of companies involved in financial, commercial and contractual activities in the North Sea and world-wide oil and gas industries.
  • Critically evaluate the reporting practices of international upstream oil and gas exploration and production companies
  • Recognise the key issues in accounting for Joint Venture Operations
  • Develop a structured methodology for conducting Joint Venture and Multi-Venture audits
  • Utilise Petroleum Economics in Field Development and life incremental projects
  • Review and interpret key industry financial ratios and develop key performance indicators
  • Identify the challenges of Corporate Financial Management

Back to postgraduate
sApply Online Connect Register Your Interest Course Page Button sContact Us sRequest a Prospectus RHS
Start date


Course length

3 semesters

Mode of Attendance


Academic school
Aberdeen Business School
Accredited By
The Association of International Accountants (AIA) Energy Institute Accredited Course

“It has been a wonderful experience, the rich content of the course puts me in a strong position to pursue a career in the oil and gas industry. I recommend the MSc Oil and Gas Accounting to anyone who wants to build a career in this field.”

Atta Acheampong Oil and Gas Accounting MSc

University pathways at ICRGU - Pre-Master's


The International College at Robert Gordon University (ICRGU) offers entry into the MSc Oil and Gas Accounting at Robert Gordon University for International Students.

Postgraduate Guide

Robert Gordon University, Garthdee House, Garthdee Road, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781