Petroleum Economics and Fiscal Systems 2015

Key Topics

• Fiscal terms, based on the knowledge learned, and supported by the spreadsheet models developed, on the course
• How key project assumptions – production, prices and costs – are modeled in the oil and gas industry
• How assets at different stages of their life are valued in investment decisions, including the application of risk analysis to exploration opportunities
• Pros and cons of different fiscal terms from both investor and government perspectives
• The vast array of fiscal and contract terms employed by governments around the world for oil and gas projects and trends in the evolution of fiscal terms
• Spreadsheet models to understand how different fiscal terms are included in the cash flow analysis and the impact of the terms on project economics
• What various economic indicators – like NPV, EMV and IRR - actually mean
• How the various fiscal systems applied around the world impact upon these values and decisions

Who should Attend

Attendees involved in the oil and gas industries, including:

• Finance Personnel
• Petroleum Economists
• In-house Legal and Private Practical Lawyers
• Commercial Managers and Contract Managers
• Geoscientists and Engineers and other technical specialists
• Analysts within the financial services sector
• Directors Functional Specialists
• New Venture Managers
• Business Development
• Asset Managers
• Auditors