logo 19–21 October 2020

Course Content

Course Overview

Course Outline:

  • Fully interactive, combining short lectures, Q&A sessions and exercises using Excel spreadsheets
  • Wood Mackenzie’s databases and products will be accessible to consider case studies relevant to topics under discussion
  • Delegates will work together in small teams and will be assisted throughout by the course leader and Wood Mackenzie’s petroleum economists
  • Day 1 will provide a refresher of petroleum economics and investment decision-making practices, then an introduction to the different types of fiscal systems
  • Day 2 will focus on specific fiscal terms: what they do, when they are applied and what impact they have on oil and gas investment decisions
    • Licence Aquisition
    • Exploration & Appraisals
    • Field Development
    • Production
    • EOR / Late Life Investment
    • Decommissioning 
  • Day 3 will develop the analysis of fiscal terms by analysing fiscal policy objectives and ‘real world’ comparisons of fiscal competitiveness, culminating in a licensing auction
  • Course content addresses issues and skills relevant to professionals working with or negotiating upstream petroleum contracts

Who Should be There?

  • Government officials
  • Tax managers
  • Fiscal managers
  • Economists
  • Analysts
  • Lawyers & legal counsels

  • Negotiators
  • Finance managers
  • Auditors
  • New ventures managers
  • Accountants

Wood Mackenzie

This is the only opportunity to learn from Wood Mac on a public fiscal training course. Wood Mac is a recognised global authority on fiscal systems and economic analysis and will be able to provide unique expertise and insight generated from their global network of analysts mapping developments.

For the past 40 years, Wood Mackenzie have established a reputation as a trusted source of knowledge and
forward-looking insight for the world’s most innovative organisations. Wood Mackenzie’s fiscal models and services are supported by a dedicated team of 20 petroleum economists in offices around the world. Fiscal and contract information is gathered by the economists and our global team of 200+ upstream research analysts, who make regular research trips to all active E&P countries.

Wood Mackenzie regularly conducts bespoke consulting assignments providing fiscal policy advice to governments and NOCs and fiscal competitiveness studies for industry organisations.

Learn More About Your Course Leader Download Course Programme

This is your only opportunity to learn from Wood Mac, the experts in the field, on a public fiscal training course

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