The Economics of International Petroleum Fiscal Regimes

This 2-day course will cover the essentials of assessing how international petroleum fiscal regimes affect oil and gas exploration and development investment…

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The Economics of International Petroleum Fiscal Regimes

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About Training

This 2-day course will cover the essentials of assessing how international petroleum fiscal regimes affect oil and gas exploration and development investment decisions. The focus will be on the economic aspects of fiscal regimes rather than the legal aspects. However, participants do not need any economics background. The simple economics concepts required will be introduced during the course. This is a hands-on course in which delegates will make their own fiscal analyses to illustrate the concepts.

Training Objectives

How royalty-tax regimes ("RT" regimes) and production sharing contracts ("PSCs") are structured.
How to assess quickly the economic impact of fiscal regimes for screening purposes
How RT regimes and PSCs work in detail from an economics perspective.
How fiscal regimes affect oil and gas exploration and development decisions.
How to assess the severity and efficiency of fiscal regimes.
How to design win-win fiscal structures

Audiences

The course is designed for wide range oil and gas industry professionals who wish to enhance their knowledge of the structure, workings and economics of international petroleum fiscal regimes. It is suitable for explorationists, new ventures staff, engineers, commercial staff, lawyers, administrators and managers working in the oil and gas industry and government.

Instructor

Guy Allinson

Guy Allinson has over 30 years’ experience as a practicing Petroleum Economist in the international oil and gas industry. He consults internationally and is a Senior Lecturer at the School of Petroleum Engineering, University of New South Wales. Guy has held a range of petroleum economics and commercial positions in the oil and gas industry in Europe and the Asia Pacific regions. He has also advised companies and Governments in the Asia Pacific region on petroleum PSC and fiscal terms. He has valued many petroleum properties and companies for acquisition and sale, prepared economics research reports on the oil and gas industry and has provided commercial support for oil field operations and investments worldwide.

Guy has conducted many oil industry short courses in petroleum economics and PSC/fiscal analysis to oil industry professionals in many countries including USA, UK, Denmark, Switzerland, Australia, New Zealand, Indonesia, India, Iran, Malaysia, Thailand, Vietnam, Brunei, Egypt, Libya and South Africa. He has also given frequent presentations to oil and finance industry seminars and conferences.

Guy has delivered training courses and workshops to the following companies: BP, BHP Billiton Petroleum, Saudi Aramco, Shell Australia, Malaysia and Brunei, TOTAL, Chevron Pacific Indonesia, Conoco, Schlumberger, Sinopec, Mobil, Pertamina, Petronas, PetroVietnam, PTTEP, Petrofac, Petrochina, Murphy Oil, BPMigas (Indonesia), Vico Indonesia, Premier Oil, Santos Indonesia, Indonesian Association of Geologists, ONGC, Korea Petroleum Development Corporation, etc.

Daily Aims

Types of petroleum fiscal regimes
Structure of petroleum fiscal regimes
Net cash flow forecasts and the effect of fiscal terms
The effect of fiscal terms on reserves estimates
Taxation and its effect on investment decisions
Tax mechanisms
The effect of fiscal drag
The effect of ring fences
Simple assessments of fiscal severity
Simple assessments of fiscal efficiency and the potential of fiscal terms to distort investment decisions
Royalties and sliding scale systems
PSC profit sharing mechanisms
The effect of fiscal terms on incremental field development decisions
The effect of fiscal terms on exploration decisions

Training Schedule

Upcoming Trainings Past Trainings

Code	Start Date	End Date	Locations	Cost	Instructor
PST0259	25 Nov, 2013		Singapore	SGD 2,995	Guy Allinson

Why Choose This Training

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Led by industry veterans with real field experience.

Real Case Studies

Practical application of concepts through real world scenarios.

Practical Skills

Hands on calculations and decision making for FFS outcomes.

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Limited seats available

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