This course is designed for those working in the upstream industry who are not familiar with taxation and royalty systems and require a working knowledge and practical application of the structure, fiscal calculations and economic outputs. The course has a global outlook where numerous worldwide examples are drawn on and fiscal take comparisons made. It is suitable for delegates from all technical and commercial disciplines.
- Understanding of the evolution of global fiscal systems- The fundamentals of economic analysis (cashflow, cost of capital, NPV, rate of return etc)- Different methods of applying government royalty- Field-based taxes- Calculation of taxation including allowances, depreciation and tax losses- Taking advantage of tax ring fencing terms to add value to the asses- Examine sliding scale fiscal mechanisms including R Factor and rates of return methods- How to optimize fiscal terms from both investor and government perspective- Construction of a tax/royalty spreadsheet model, the derivation of relevant economic metrics, application of sensitivities and the drawing of conclusions to aid decision-making
Excel: working knowledge
Classroom delivery with presentations, practical exercises and modelling workshop
CGG GeoTraining offers the most comprehensive industry training based on years of practical experience acquired by our personnel.
Our proprietary courses are fully customizable and can be offered at a time and location convenient to you.
Please request a course for more information.