An Intensive 5-day Training Course
Fiscal and Tax Regime in the Oil & Gas Industry
Understanding Taxation, Government Take, and Investment Dynamics
Scheduled Dates
Classroom
| 21 - 25 Jul 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 20 - 24 Jul 2026 | Dubai - UAE | $5,950 | RESERVE A SEAT |
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
Why Choose this Training Course?
This Petroknowledge training course provides an in-depth understanding of the fiscal and tax regimes governing the oil and gas industry, ensuring participants gain crucial insights into how taxation, royalties, and government take impact investment decisions. With the dynamic landscape of global energy markets, navigating fiscal terms and tax structures is vital for companies and policymakers seeking to optimize revenue and ensure financial stability.
By attending this Fiscal and Tax Regime in the Oil & Gas Industry training course, participants will develop a strong grasp of the different fiscal systems, including production sharing contracts, concessionary systems, and risk service agreements. They will learn how fiscal terms affect project economics, investment attractiveness, and national revenues. Through practical case studies and expert-led discussions, this course equips professionals with the knowledge and tools to effectively analyze and negotiate oil and gas fiscal regimes.
This Fiscal and Tax Regime in the Oil & Gas Industry training course will highlight:
- Key fiscal frameworks in global oil and gas markets
- Taxation structures and their impact on investment
- Government take and revenue-sharing mechanisms
- Economic evaluation of fiscal terms and tax policies
- Strategies for managing fiscal risks in energy investments
What are the Goals?
At the end of this Fiscal and Tax Regime in the Oil & Gas Industry training course, you will learn to:
- Understand global oil and gas fiscal frameworks
- Analyze taxation impacts on project economics
- Determine government take and fiscal stability
- Apply fiscal modeling techniques for investment decisions
- Evaluate risks and opportunities in fiscal negotiations
Who is this Training Course for?
This Fiscal and Tax Regime in the Oil & Gas Industry training course is suitable for a wide range of professionals involved in the oil and gas industry, including those in finance, taxation, legal, and commercial roles. It is particularly beneficial for those seeking to enhance their understanding of fiscal structures and their impact on business strategies.
This Petroknowledge training course is suitable for:
- Oil and gas finance and tax professionals
- Government regulators and policymakers
- Legal advisors specializing in energy taxation
- Investment analysts and financial consultants
- Commercial managers and contract negotiators
How will this Training Course be Presented?
This Petroknowledge training course employs a combination of expert lectures, interactive case studies, group discussions, and hands-on fiscal modeling exercises. Real-world examples from various oil and gas-producing regions will be used to illustrate key concepts, ensuring participants can apply their learning directly to their professional roles
Organisational Impact
Organizations that send their employees to this Fiscal and Tax Regime in the Oil & Gas Industry training course will benefit from:
- Enhanced understanding of fiscal regimes for better financial decision-making
- Improved ability to negotiate favorable fiscal terms
- Increased efficiency in tax planning and compliance
- Stronger risk management strategies for fiscal stability
- Better alignment of investment decisions with regulatory requirements
- Increased capacity to optimize government and corporate revenues
Personal Impact
Participants of this Fiscal and Tax Regime in the Oil & Gas Industry training course will gain:
- Comprehensive knowledge of global oil and gas taxation system
- Global oil and gas taxation systems
- Stronger analytical skills for fiscal evaluation
- Enhanced ability to assess investment risks and returns
- Practical skills in fiscal modeling and economic analysis
- Greater confidence in negotiating and structuring fiscal agreements
- Career advancement opportunities in oil and gas finance and policy roles
Daily Agenda
Day One: Overview of Upstream Petroleum Industry and Contract Negotiation
- The value chain and the structure of the Petroleum industry
- Upstream petroleum project life cycle
- Exploration phase negotiation
- Time to start the exploration program
- Exploration period
- Initial exploration period
- First extension period
- Second extension period
- Minimum work commitments
- Minimum financial commitments
- Well depth negotiations
- Relinquishment Clauses
- Commerciality Declaration Process
- Appraisal Phase Negotiation Process
- Development Plan Negotiation
Day Two: Fundamentals of Upstream Petroleum Project Economics
- Familiarization with economic terms and cash flow analysis
- Cost classification and Cost Behavior
- Technical costs (CAPEX- OPEX- Abandonment)
- Fiscal costs
- Depreciation Methods
- Before and After-Tax Net Cashflow
- Loss Carryforward modeling
- Profitability Indicators
- Maximum capital outlay
- Payback period
- Economic Limit and Economic Life
- Net present value (NPV) and Internal Rate of Return (IRR)
- Profit to investment ratio and capital productivity index
Day Three: The Legal and Fiscal Framework of Upstream Petroleum Industry
- Upstream petroleum fiscal systems
- The take concept
- Concessionary systems
- Production sharing contracts
- Service contracts
- Pure service contract Vs. Risk service contract
- Royalty- tax system cashflow modelling
- Production Sharing contracts cashflow modelling
Day Four: Negotiation Oil and Gas Fiscal Costs
- Progressive vs. Regressive Fiscal Systems
- Flexible vs. Fixed fiscal costs
- Bonuses
- Signature bonuses
- Commerciality bonuses
- Bonuses payable at first oil
- Cumulative production bonuses
- Bonuses based on the production rate for a specified period
- Royalty Negotiations
- Royalty based on commodity prices
- Royalty based on period-end cumulative production
- Royalty based on production rate
- Royalty based on price and production rates
- Royalty based on a measure of cumulative profitability: The “R-factor”
- Different ways to negotiate abandonment costs
- Lumpsum payments
- Equal contributions
- Contributions start at specified date
- Contributions starts at specified depletion rate
- Contributions deposited in escrow account
- Tax Regime Negotiations
- Ring fence tax regime
- Consolidated tax regime
- The impact of tax regime on government and contractor take
- Negotiating Production Sharing Contracts
- Cost oil/Cost recovery
- Cost recovery limit
- Uplifts to cost oil
- Profit Oil Sharing based on commodity prices
- Profit Oil Sharing based on the production Rate
- Profit Oil Sharing based on cumulative Production
- Profit Oil Sharing based on a measure of cumulative profitability
- Understanding concept of “R-factor”, “ROR”
Day Five: Joint Operating and Unitization Agreements
- Joint Operating Agreements (JOAs)
- Operator selection criteria and government approval
- Nature, aim and functions of a joint venture
- Key areas of the joa
- Unitization agreements
- Importance of unitization agreements
- Tract participation calculation and redetermination
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
