Courses

This NExT custom course agenda is tailored to the latest requirements communicated by TPAO. The contents can be further adjusted, notably in the modeling of specific fiscal regimes selected by TPAO and in their use for the economic evaluation of specific investment opportunities. 

In this course the participants will learn about upstream petroleum fiscal systems used internationally, their cashflow modeling in Excel and the use of these models in the economic evaluation of investment projects.   

The three main forms of upstream petroleum fiscal contracts will be studied and modeled, in this TPAO 
custom course. The focus will be put on the complexities of Production Sharing Contracts. 
Host nations seek to maximize the long-term benefits from their petroleum resources. Private petroleum 
companies seek swift and competitive returns from their investments. This difference in objectives can be reconciled through transparent governance, fiscal stability, and an equitable sharing of risks and rewards. 

Beyond the quality of the upstream block, the key bottom line concern of investors is how their expenditure will be recovered and how profits will be shared.

 
This course will provide the participants with an in-depth understanding of the components of upstream 
fiscal regimes and how these components can be tweaked and assembled into fit for purpose contracts by states.  

This course is interactive with exercises in Excel and group discussions. Fundamental concepts of project economics and financial accounting will be reviewed. This is to allow the participants to apply these 
concepts in the modeling of fiscal regimes and in the economic evaluation of upstream projects in Excel. 
The knowledge and experience of the participants will be assessed through a short questionnaire before the course, or at the latest at the start of the first session. This will allow the instructor to tailor the depth and pace of the delivery to the participants' background and experience.