• Class and Course

    Oil and Gas Fiscal Regimes

    In this course participants, will learn about the petroleum upstream fiscal systems and legal framework used in awarding exploration and production rights to energy companies.

    The course reviews the levels of law affecting a country's oil and gas industry, policy levels, regulations and taxes, all of which are taken into account when companies look at their choices for strategic portfolio management. 

    The different type of fiscal regimes are covered in detail, breaking down the key differences in concessionary and contractual systems. The structures and pros and cons of the different systems are compared from a ministry, NOC and IOC perspective. 

    In determining the impact of a system, the course introduces different economic metrics for opportunity analysis, including the use of models and decision trees as part of the economic analysis.

    The course is very interactive using case studies, individual and group activities, model creation, decision tree analysis and group discussions.  

    Impact of Worldwide Fiscal Regimes on Exploration
    • Macroeconomics.
    • Impact of fiscal regime on exploration
    • Exploration strategies in portfolio management
    • Legal framework elements.

    Types of regimes and contract types

    • Differences of fiscal regimes
    • Contractual and concessionary systems.
    • Breakdown of types of contract within the different systems.
    • Comparing projects under difference fiscal regimes

    Contracts and agreement evaluation

    • Structure of different agreements.
    • Pros and cons of the regimes from ministry, NOC or IOC perspectives.
    • National case studies.
    • National oil company partnerships.

    Economic analysis of opportunities
    • Economic metrics for opportunity analysis.
    • Sensitivity analysis
    • Decision Tree analysis.
    • Class exercises in Excel.

    Contract Implications across the Upstream Value Chain

    • Portfolio management considerations.
    • Opportunities and risk.
    • Fiscal Regime impacts on project budgets, cash flows and AFEs.

    This course is aimed at personnel across disciplines and functions at all levels looking to understand the types of fiscal regimes and the impacts of those on an energy company.

    • Introduction to fiscal systems.
    • Legal framework elements.
    • Differences of fiscal regimes - contractual and concessionary systems.
    • Pros and cons of the regimes from ministry, NOC or IOC perspectives.
    • Structure of different agreements.
    • Economic metrics for opportunity analysis.
    • Decision Tree analysis.
    • Impacts on project cash flow.

    Some basic business knowledge of the oil and gas upstream value chain.

    Currently there are no scheduled classes for this course.

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