This course explores the history, objectives and typical mechanisms of global petroleum fiscal regimes. Through a range of case studies, you will learn how complex and often unique agreements are structured in the petroleum industry and examine the mechanics of royalties, taxation, depreciation, cost recovery and profit sharing. You will also build your own detailed fiscal spreadsheet models through a series of hands-on exercises that brings the theory to life.
By the end of the course, you will have a thorough understanding of the history, evolution and structure of fiscal regimes and the key fiscal levers with respect to project value.
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Course Objectives
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