Saudi Aramco GI 203.002 JOINT ARRANGEMENT DEVELOPMENT – FINANCIAL CONTROLS

This Saudi Aramco General Instruction (GI) manual outlines critical financial control objectives and procedures for Joint Arrangement (JA) Development Projects. It provides a comprehensive framework for managing the financial aspects throughout the lifecycle of these complex ventures, from initial concept and cost sharing through entity start-up, operational phases, and eventual divestment.

The document details the responsibilities of various organizations, defines key terms like CSRA and ISA, and outlines the financial control requirements across five distinct project phases. It also covers essential elements such as approval authorities, guarantees, functional review processes, and minimum provisions for Cost Sharing and Reimbursement Agreements (CSRA) and Interim Services Agreements (ISA).

This manual is vital for ensuring robust financial governance, transparency, and accountability in all joint arrangement development activities undertaken by Saudi Aramco. Ideal for finance managers, project accountants, joint venture specialists, and financial analysts working within the oil and gas industry, particularly in organizations involved in complex project developments.