Last modified: 27 Feb 2018 15:45
The legal framework for exploring for and producing hydrocarbons can be dynamic and complex. A number of layers are further added to the complexity through developing systems for ensuring an appropriate flow of revenue to the state. Many of these systems are extremely complex, and often ‘the devil is in the detail’: it is the precise terms of any legal arrangement that determine the balance of revenues between the state and the investor.
|Session||Second Sub Session||Credit Points||30 credits (15 ECTS credits)|
|Campus||Old Aberdeen||Sustained Study||No|
The course will cover the theoretical underpinnings of upstream taxation with a focus on identifying the components and principles of what makes a fiscal regime ‘good’. It will then look at the varying applications of that theory within the contractual arrangements (ie Production Sharing Agreements) with a focus on applicability of royalties, bonus payments, cost oil, and profit oil splits.
This course is geared towards designing fiscal mechanisms for petroleum and provides a discussion of the main rules, principles and policies that together make up some of the primary aspects of upstream taxation.
Information on contact teaching time is available from the course guide.
1st attempt: 1 one-hour in-class examination (30%); 1 two-hour final examination (70%).
Resit: 100% two-hour examination, to be taken at the next diet. Where a candidate has failed at first attempt, the re-sit mark will be capped at 09.
There are no assessments for this course.