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LS5593: OIL AND GAS LAW: TAXATION OF UPSTREAM (2017-2018)

Last modified: 27 Feb 2018 15:45


Course Overview

 

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.

 

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 30 credits (15 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Mr Emre Usenmez

Qualification Prerequisites

None.

What courses & programmes must have been taken before this course?

  • Law (LS) (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

  • Master of Laws in International Law and Strategic Studies (Studied)
  • Diploma in Professional Legal Practice (Studied)
  • Master of Laws in International Law and International Relations (Studied)

Are there a limited number of places available?

No

Course Description

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.


Details, including assessment, may be subject to change until 31 July 2022 for 1st half-session courses and 23 December 2022 for 2nd half-session courses.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

None.

More Information about Week Numbers


Details, including assessment, may be subject to change until 31 July 2022 for 1st half-session courses and 23 December 2022 for 2nd half-session courses.

Summative Assessments

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.

Formative Assessment

There are no assessments for this course.

Feedback

None.

Course Learning Outcomes

None.

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