Oil and Gas Petroleum Taxation

HRODC Postgraduate Training Institute
En Central London (Inglaterra), Abu Dhabi, United Arab Emirates (Emiratos Árabes Unidos), Abuja, Nigeria (Nigeria) y 43 sedes más
  • HRODC Postgraduate Training Institute

£ 6.000 - ($ 123.208)
IVA Exento

On behalf of Uganda Revenue Authority, and on behalf of my co-workers, who have attended this training, we take this opportunity, Professor, to obliged so much. Thank you tremendously for the fantabulous training with the oil and gas taxation ...

LA OPINIÓN DE Martin Muhangi

Información importante

  • Seminario
  • En 46 sedes
  • 36 horas de clase
  • Duración:
    6 Days
  • Cuándo:
    A definir

Are you an auditor, finance analyst or a tax manager? HRODC offers a course that will enable you to understand oil and gas taxation and will help you boost your career in this market. If you work in the taxation field, this course in Petroleum Taxation may be a good complement for you.

During six days you will develop the necessary skills to work in the petroleum field and will be able to fulfil your position. Do not hesitate to ask for more information through Emagister!

Información importante
¿Qué objetivos tiene esta formación?

By the conclusion of the specified learning and development activities, delegates will be able to: determine the functions of oil and gas taxes, enumerate the criteria for assessing a good tax with which the soundness of any particular tax can be initially measured, analyse the inevitable compromises in satisfying the assessment criteria, define economic rent, enumerate the different types of rent and explain each, identify the different tax instruments and analyse the characteristics of each.

¿Esta formación es para mí?

Suitable for: finance directors and managers, chief accountants, auditors, treasurers and financial controllers, tax practitioners, tax administrators of government tax authorities, tax managers and compliance officers on regulatory matters of oil and gas company, management consultants, investment and portfolio managers, pension fund managers, financial analysts, government regulators.

Requisitos: Degree or Work Experience


Dónde se enseña y en qué fechas

inicio Ubicación
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Abu Dhabi, United Arab Emirates
Khalifa Street, 44486, Abu Dhabi, Emiratos Árabes Unidos
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Abuja, Nigeria
Cadastral Zone A0, Central Business District, Abuja, 7069, Nigeria, Nigeria
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Addis Ababa, Ethiopia
Kirkos Subcity Kebele, 21555, Ethiopia, Etiopía
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Algiers, Algeria
Pins Maritimes, 16000, Algeria, Argelia
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Algiers, Algeria
Rue Hassiba Benbouali, 16015, Algeria, Argelia
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Amman, Jordan
Bin Ali Street, 11118, Jordan, Jordania
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Martin Muhangi
Lo mejor On behalf of Uganda Revenue Authority, and on behalf of my co-workers, who have attended this training, we take this opportunity, Professor, to obliged so much. Thank you tremendously for the fantabulous training with the oil and gas taxation. We also thank you for the priceless information and the glorious time you have spent with us to acquire this kind of cognitive content. Instructor, we greatly praise you and thank you so much.

A mejorar Everything good.

Curso realizado: Mayo 2015 | ¿Recomendarías este centro?

¿Qué aprendés en este curso?

Risk Assessment
Tax Avoidance
Taxation Law
Business Taxation
Oil and Gas
Oil and Gas Law
Corporation Tax
Tax Administration
Tax Planning
Tax Procedure
Tax Revenue
Tax System
Gas Drilling
Oil Drilling
Environmental Awareness
Skills and Training


Course Contents, Concepts and Issues

Part 1: Rationalizing Oil and Gas – Petroleum Taxation

  • Functions of Tax
  • Criteria for Assessing a Good Tax
  • Compromises
  • Economic Rent
  • Types of Rent
  • Scarcity Rent
  • Differential or Ricardian Rent
  • Quasi rent
  • The Import-Conversion-Export Process
  • Tax Instruments
  • Gross Royalty
  • Brown Tax
  • Resource Rent Tax (RRT)
  • Income Tax
  • Qualitative Assessment of Main Tax Instruments
  • Interaction of Tax Instruments

Part 2: Upstream, Midstream and Downstream Oil and Gas Operations

  • Upstream Oil and Gas Sector
  • Prospecting or Exploration
  • Acquisition
  • Drilling
  • Developing
  • Producing Oil and Gas
  • The Midstream Oil and Gas Sector
  • The Downstream Oil and Gas Sector
  • Downstream Tank Farms
  • Refining or Processing of the Crude or Gas
  • Marketing
  • Distribution
  • Industrial Customers:
  • Power Generators - Fuel Oil
  • Railways – Gas Oil
  • Haulage - Ultra-low Sulphur Diesel (ULSD)
  • Buses and Coaches - ULSD
  • Construction and Aggregates,
  • Mining and Quarrying
  • Origin of Petroleum: The Organic Theory:
  • Igneous Rocks;
  • Metamorphic Rocks;
  • Sedimentary Rock;
  • Common Types of Traps:
  • Fault Traps
  • Anticlines
  • Salt Domes
  • Exploration Methods and Procedures
  • Geophysical Methods
  • Gravitational studies
  • Magnetic and Electromagnetic Evaluation, and Seismic Studies
  • 3D Seismic
  • 4D Seismic
  • Reconnaissance Survey
  • Drill Stem Test
  • Proved Area
  • Field
  • Reservoir
  • Oil and Gas Drilling Operations:
  • Rigging Up
  • Drilling Platform
  • Drilling Rig
  • Drill String
  • Rat Hole
  • Tripping In
  • Tripping Out
  • Obtaining and Installing Production Casing (steel pipe lining the wellbore)
  • Installing Tubing
  • Perforating
  • Installing the Christmas Tree
  • Constructing Production Facilities
  • Installing Flow Lines.
  • Types of Wells
  • Development Well
  • Injection Well
  • Offset Well
  • Exploratory Well
  • Stratigraphic Test Well
  • Service Well
  • Dual Completion Well
  • Dry Hole
  • Producing Well
  • Oil and Gas Recovery Processes:
  • Primary Recovery Process
  • Secondary Recovery Process
  • Tertiary Recovery Process
  • Blowout Preventers (BOP)
  • Bottom-hole Pressure
  • Bottom-hole Pump
  • Offshore Drilling Operations
  • Deepwater Oil and Gas Platforms;
  • Deepwater Spar Production Facilities;
  • Deepwater Oil Rigs;
  • Dangers on the High-Sea

Part 3: Oil and Gas – Petroleum – Concessionary and Contractual Systems
  • Defining Petroleum Fiscal Regime
  • Evolution of Petroleum Fiscal Regime
  • Classification of Petroleum Fiscal Regime
  • Concessionary Systems
  • Contractual Systems
  • Concessionary Systems
  • Calculation of Government and Contractor Take
  • Concessionary System Flow Diagram
  • Basic Equations for Royalty/Tax Systems
  • Concessionary Systems in Practice
  • The UK Petroleum Fiscal Regime
  • The Australian Concessionary System
  • The Norwegian Concessionary System
  • Qualitative Comparison of Concessionary System
  • Contractual Systems
  • Types of Contractual Systems
  • Service Agreements
  • Pure Service Agreements
  • Risk Service Agreements
  • Production Sharing Agreements
  • Basic Equations for Contractual Systems
  • Contractor Take
  • Cash Flow Projection
  • Important Elements of the Production Sharing Fiscal Structure
  • Bonus Payments
  • Royalties
  • Sliding Scales
  • Contractual Systems in Practice
  • Indonesia’s Production Sharing Agreement
  • The Chinese Production Sharing Model
  • Iraq Service Contract
  • Qualitative Comparisons of Contractual Systems

Part 4: Production Sharing Contract
  • Defining Production Sharing Contract
  • Characteristics of Production Sharing Contract
  • Production Sharing Contract and Taxation
  • General Overview and Commercial Terms’
  • Indonesian Production Sharing Contract
  • Generation of Production Sharing Contract
  • Sharing of production – Oil
  • Cost Oil
  • Profit Oil
  • Investment Credits
  • Equity Share – Oil
  • Valuation of Oil
  • Sharing of Production – Gas
  • Production Sharing Contract in:
  • Nigeria
  • Philippines
  • Sudan
  • Libya
  • Oman
  • Qatar
  • India
  • Bahrain
Part 5: The UK Petroleum Fiscal Regime
  • Background
  • Development of UK North Sea Tax System
  • Foundation of the Regime
  • Tightening of the System
  • Royalty Abolition
  • Petroleum Revenue Tax (PRT)
  • Measurement of Gross Profit
  • Valuation of Oil
  • Valuation of Gas
  • Tariffs
  • Field Expenditure
  • Supplement
  • Oil Allowance Relief
  • Safeguard Relief
  • Allowable Losses
  • Transfer of Field Interest
  • PRT Returns and Payment of Tax
  • Supplementary Charge Imposition
  • Doubling the Supplementary Charge
Part 6: Oil and Gas – Petroleum Exploration Licensing and Taxation in the UK

Part 6A: The UK’s Oil and Gas – Petroleum – Exploration Licensing ProcessPetroleum (Production) Act 1934
  • Continental Shelf Act 1964
  • Petroleum Act 1998
  • The Role of the Department for Business, Innovation and Skills (BIS)
  • Joint Operating Committee
  • Terms Of A Petroleum Licence
  • The UKCS Grids and Blocks
  • Licence Coverage
  • Licensing Criteria
Part 6B: Deconstructing the UK Oil and Gas Taxation System
  • Royalty and the 1983 Changes
  • Corporation Tax, Supplementary Charge and the 2002-2005 Amendments
  • General Corporation Tax Rules
  • Ring Fencing
  • Ring Fence Profits
  • Commencement of Trade
  • Revenue Expenditure Reliefs
  • Capital Expenditure Reliefs
  • Ring Fence Expenditure Supplement
  • Capital Gains Tax
  • Transfer Pricing
  • Taxation for New Entrants
  • The UK Continental Shelf
  • Selected International Comparison, incorporating UK

Información adicional

Cost:                         Ø  £4,800.00    Per Delegate for UK Delivery Ø  £6,000.00    Per Delegate for Delivery outside the UK