Economic Aspects of Upstream Petroleum Taxation and Royalty Systems

Who should attend:

The course is designed for those working in the upstream industry who are not familiar with taxation and royalty systems and require either a working or practical knowledge of the financial mechanics and economic aspects of the contracts. Whilst it is suitable for delegates from all technical and commercial disciplines, some background knowledge in upstream economics would be an advantage.

Overview:

The mission of this two day course is to provide an understanding of:

• How taxation and royalty systems operate and their differences to production sharing contracts
• The range and diversity of fiscal terms applied globally in taxation and royalty systems
• How to model and calculate the participant cash flows and economic metrics for a taxation and royalty system
• How technical and commercial personnel can contribute to better economic analysis and decision making in countries operating with taxes and royalties

Content:

This course will cover the following:

• An Introduction to Upstream Petroleum Fiscal Systems
• Royalties
• Field and Profit Taxes
• Corporate Income Taxes
• Capital Allowances
• Tax Ring Fences
• Sliding Scale Fiscal Mechanisms
• Other Taxes, Burdens & Bonuses
• The Economics of Taxation & Royalty Systems
• Taxation & Royalty Economics Workshop