Run for over 33 years, this course provides participants with an intimate knowledge of petroleum upstream fiscal systems including royalties, production sharing contracts, concessions, joint ventures and service agreements. An [...]
Run for over 33 years, this course provides participants with an intimate knowledge of petroleum upstream fiscal systems including royalties, production sharing contracts, concessions, joint ventures and service agreements. An in-depth assessment will be conducted on the administration of fiscal systems as well as standalone vs. incremental analysis.Furthermore, the course is interactive and relies on two powerful economic Excel spreadsheets designed by Dr van Meurs, helping you to understand how various economic factors can impact a fiscal system from both the government and corporate points of view.
By Attending This Course You Will Understand:
The nature and details of all the important fiscal features in the world
The wide variety of fiscal systems based on concessions, production sharing contracts, joint ventures, service contracts and other arrangements
The underlying economic characteristics of the various fiscal systems
Advanced economic analysis based on Excel spreadsheets
How government policies impact on fiscal systems
Competitive worldwide frameworks for investing in the oil & gas sector
Future trends in petroleum fiscal terms
The knowledge gained will assist participants in negotiating better contracts and concessions, identifying the best investment opportunities and gaining practical, up-to-date experience from “real-life” examples.
Who Should Attend:
The course is suitable for a wide range of professionals in the oil and gas industry, government, finance and other organisations. This includes:
1. Introduction 2. Bonuses, Rentals, Royalties 3. Corporate Income Tax 4. Production Sharing 5. Joint Ventures and Carries Interest 6. Progressive and Special Taxes and Profit Shares 7. Value Added Taxes, Import Duties and Property Taxes 8. Service Contracts 9. Profit Sharing Contracts 10. Incremental Analysis 11. Classification of Fiscal Systems 12. Country Review of Fiscal Systems 13. Structure of Government Take 14. Level of Government Take 15. Risk Sharing 16. Resource Policies 17. Economic Policies 18. Administrative Policies 19. Internal Distribution of Government Take 20. Worldwide Future Trends