Oil and Gas “ Petroleum “ Taxation

HRODC Postgraduate Training Institute
In Amsterdam (Netherlands), Durban (South Africa), Dubai (United Arab Emirates) and 7 other venues

£ 6,000 - (Rs 4,93,975)
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Important information


Limited Objectives: 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.
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

Important information

Where and when

Starts Location
On request
Damrak 1-5, 1012, Noord Holland, Netherlands
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On request
South Sathon Road, 10120, Bangkok, Thailand
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On request
City of London
Kendal Street, London, England
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On request
Coral Deira Hotel, Muraqabat Street, Deria, Dubai, 82999,, 82999, Dubai, United Arab Emirates
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On request
Walnut Road, 40001, Johannesburg, South Africa
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Frequent Asked Questions

· Requirements

Degree or Work Experience

What you'll learn on the course

Basic Grammar
Bachelor Degree

Course programme

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

Achievements for this centre

Additional information

HRODC Postgraduate Training Institute is registered with the UK Registry of Learning Providers (UKRLP) of the Department for Business, Innovation and Skills (BIS), formerly Department of Innovation, Universities and Skills (DIUS).

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