This project work centres on the “Role of an accountant in project evaluation in the oil sector”. The objectives of this research work are to know whether project evaluation process have a better cash flow stream, to know what extent has project evaluation helped the oil sector and finally know if project evaluation and selection has improved the sector. In the course of this study, the researcher decided to use simple random sampling. The population of the study consist of 200 management staff as well as board of directors and a simple size of 100 was selected through random sampling method. The primary data collected were analyse using table schedule arithmetic differences in figure simple rate and also simple percentage. The finding reveals that project evaluation is a strong instrument for obtaining ivan from bank and other financial institutions. It further shows that the accountant uses project evaluations in project selection to make best project selection, in addition to choosing the best cash flow, it also provide the accountant with the best investment option in a company. Some of the recommendations are that the accountants should carry out project evaluation in every industry. Also is that they are advised to master the use of Net present value (NPV) technique in evaluating a project since it improves the time value of money. Further research on the topic is highly recommended as no knowledge is a waste.