This course is designed for those interested in petroleum taxation, and international negotiations. Much of this subject and the terminology has evolved in just the last 15 years yet some aspects of taxation are timeless. The focus of the course is on the arithmetic and mechanics of various kinds of fiscal systems and fiscal elements - the factors that drive exploration economics. The course will clarify the language and terminology of negotiations, fiscal system analysis and fiscal system design. One of the first things encountered in the international sector is the diversity of fiscal systems.
Countries are vastly unique in the way they structure taxes.
This course provides the basics as well as numerous details of petroleum taxation theory and practices worldwide with numerous practical exercises and workshops. Both industry and government view points are addressed. A complete grasp of the subject requires an understanding of the dilemmas and concerns of both sides. Lawyers, Accountants, Geologists, Engineers, Government Negotiators, Exploration Personnel, Financial Managers, National Oil Company Management, Petroleum and Mining Economists, General Managers, Oil Ministry Staff, Planning Department Personnel. He has worked in 40 countries conducting field development feasibility studies, evaluating exploration potential of licenses and concessions, negotiating contracts, and providing expert testimony.