ABSTRACT

This research work is designed to assess to what extent ancient and accounting control techniques have enhanced the effectiveness of joint venture operations in oil and gas industry. Some of the constraints associated with joint venture performance arc funding, reduction in operation, and consequential loss in revenue, therefore need for an cfficicnt management and accounting control systems that will ensure that performance of the venture is satisfactory. The instrument used in the research work is primary and secoudaty data. Questioniiaires were distributed Eu the accounts/administrative depa r merits of Nigeria Nat lonal Pet FoiCu m Cooperation (NNPC) also their annual repoils were necessary iii development of the research. The population is drawn from the administrative, senior and junior staff of the company and sample size of the study is derived from a statistical instrument Taro '(amani formulae. The researcher made usc of (lcscnplivc and chi-squarc techniques in analyzing the result. Findings reveal that 87.5% respondent indicated a large extent, and 12.5% indicated an average extent to which management and accounting control techniques enhance the cfTcctivceicss ofjoiit ventures operations as it reduces uncertainly and ensures productivity. It is found that information 4- is also necessary as it enables managers in carrying out their duties effectively and efficiently, and if the accounting and management techniques are applied it will ensure that operation of the venture is satisfactory. Finally there should be perodtc review of the activities u I angers and accountants to ensure the success of the company also managers should endeavour to expand and refine their management and accounting control tools such that it will suit the trend