Economic Analysis, Design & Modelling

Of Petroleum Fiscal Regimes

Unlock the Secrets of Petroleum Project Economics: A 3-Day Exploration

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Virtual session

March 11-13 2024

Chicago, IL, USA (CST)

9:00 AM - 5:00 PM

Virtual session

April 15-17 2024

Riyadh, Saudi Arabia (AST)

9:00 AM - 5:00 PM

Available upon request

Course Summary


  • course overview

  • LEARNING OBJECTIVES

  • course audience

What will you learn?

Understanding Petroleum Fiscal Regimes from Both Sides

Petroleum fiscal regimes are a critical aspect of the energy industry, impacting governments, investors, and exploration and production projects. By attending a course on this subject, participants gain practical knowledge that allows them to understand these regimes from both the government's and investor's perspectives. They also learn how to perform economic analyses of fiscal terms to make better investment and policy decisions, ultimately leading to the design and improvement of fiscal systems for exploration and production projects.


I. Introduction

Let's delve into the specifics of this course, explaining its significance in today's energy landscape. We will break down the content into several sections, each focusing on different aspects of petroleum fiscal regimes.


II. Understanding Petroleum Fiscal Regimes

Government's Perspective

Governments play a pivotal role in shaping petroleum fiscal regimes. This section will explore how they view and manage these regimes, considering their economic and political objectives.

Investor's Perspective

Investors, on the other hand, have their unique set of goals and expectations from fiscal systems. This section will discuss how fiscal terms influence their investment decisions and strategies.


III. Performing Economic Analysis of Fiscal Terms

The Importance of Economic Analysis

Understanding the economic impact of fiscal terms is crucial. We'll elaborate on why economic analysis is vital and how it guides decision-making in the energy sector.

Fiscal Terms and Investment Decisions

This part will shed light on the various fiscal terms and their role in investment decisions, emphasising the need for comprehensive assessments.


IV. Designing and Improving Fiscal Systems

Fiscal Systems for Exploration and Production Projects

Effective fiscal systems are paramount for the success of exploration and production projects. We will discuss the components that make up these systems.

Economic Impact and Policy Decisions

How fiscal systems affect project economics and influence policy decisions will be explained in this section.


V. The Economics of an Exploration and Production Petroleum Project

Basics of Petroleum Projects

To understand fiscal systems, it's essential to grasp the fundamentals of exploration and production projects in the petroleum industry.

Key Economic Considerations

We will highlight the key economic considerations that drive the decision-making process in these projects.


VI. Understanding Petroleum Fiscal Concepts

Global Fiscal Concepts

Different fiscal concepts are applied worldwide. We'll explore these concepts and their significance in the energy industry.

Attributes of Fiscal Systems

What makes a fiscal system effective? This section will delve into the attributes that define successful fiscal systems.


VII. Economic Analysis of Individual Fiscal Features

In-Depth Analysis of Fiscal Components

A deeper dive into individual fiscal features will provide insights into their economic properties and significance.

Their Impact on Projects, Companies, and Governments

Understanding how these features impact project economics and influence decisions made by companies and governments is critical for a holistic perspective.


VIII. Competitive and Resource Management Fiscal Policy Framework

Framework Explanation

This section explains the competitive and resource management fiscal policy framework, providing a structured approach to fiscal policy.

Application in the Petroleum Sector

We will explore how this framework is applied specifically in the petroleum sector, highlighting its practical utility.


IX. Addressing Investor's Objectives through Fiscal Systems

Investor's Goals

Investors have specific objectives when participating in petroleum projects. This section will outline these goals.

Aligning Fiscal Systems with These Objectives

We'll discuss how fiscal systems can be tailored to meet investor's goals effectively.


X. Addressing Government's Budgetary and Resource Management Objectives

Government's Priorities

Governments have their own set of priorities related to budget and resource management. We'll explore these priorities in detail.

Fiscal Systems to Meet These Goals

This section focuses on how fiscal systems can be designed to address government's budgetary and resource management objectives.


XI. Analysing Actual Countries' Fiscal Systems

Case Studies

We'll look at real-world examples, examining the fiscal systems of specific countries.

Assessing Fiscal Systems Through a Policy Framework

How to assess these systems through the competitive and resource management fiscal policy framework will be a key point of discussion.


XII. Comparative Assessment and Benchmarking of Petroleum Fiscal Systems

How to Conduct Comparative Assessments

This section provides a step-by-step guide on how to compare different fiscal systems.

Benchmarking Fiscal Systems

We'll discuss benchmarking and its role in evaluating the effectiveness of fiscal systems.


XIII. Designing and Improving Fiscal Systems for Oil and Gas

Best Practices in Design

What are the best practices in designing fiscal systems for oil and gas? This section will provide insights.

Continuous Improvement

Fiscal systems are not static; they need to evolve continuously. We'll explore the importance of continuous improvement.


XIV. Evaluating Government Fiscal Policy

Identifying Areas for Improvement

We'll discuss how to identify areas where government fiscal policies can be improved.

Implications for Exploration and Production Assets

What do these improvements mean for exploration and production assets?

Questions about the course?


Why don't you schedule a free Microsoft Teams meeting with one of our advisors at your convenient time?

Course Fees


Virtual Sessions

All our courses are available virtually using MS Teams & Zoom platforms

US$

1,990

Classroom Sessions

All our classroom sessions are now resumed and courses are held in different cities around the world.

Kindly refer to our 2022 calendar for dates & locations

  • 7 to 8 Hours per day
  • 1 Hour Lunch break with Morning & Afternoon breaks
  • Superfast wifi during the course
  • Held in Five star hotels 
  • Held in different cities around the world

US$

3,899

In-House Course


All our courses are available In-House and can be tailored to your specific needs. If you are interested in having this course In-House either in your office or in any location of your choice, please complete the form below and one of our representative will be in touch with you shortly.

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Questions about the course?

Why don't you schedule a free Microsoft Teams meeting with one of our advisors at your convenient time?

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