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Proprietary Training

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The UK Oil and Gas Fiscal System

Who should attend:

The course is designed for those personnel working in the upstream industry wishing to gain a practical knowledge of the UK oil and gas taxation terms and how to address these in economic models.

Overview:

This one-day course describes the fiscal terms applicable to offshore oil and gas fields in the UK from the perspective of economic modelling. The structure of the royalty and taxation calculations are covered for whole of field life economic analyses, including the historical terms, with worked examples of key aspects of the legislation.

Content:

This course will cover the following:

  • An Introduction to the UK Oil & Gas Industry
  • Government Royalty
  • Petroleum Revenue Tax
  • Supplementary Petroleum Duty
  • Advanced Petroleum Revenue Tax
  • Corporation Tax
  • UK Taxation and Commercial Environment