Oil and Gas Business-Legal and Taxation Perspective
ENDED
Training by
Zenith Professional Training
Enquire Now
On-Site
/ Training
GBP 4,750.00
Details
Course Overview
Companies and players (be it investors or producers or consultants) operating in the oil and gas industry need to understand the bottom line tax implications of exploration and drilling projects and the underlying legal agreements. Such legal agreements not only have individuals and corporate entities as parties but also host countries in this case their Governments, making it the more complicated. There is always a relationship between legal agreements underlying the relationship of host governments with investors in the oil and gas industry and the eventual Government take in form of taxes making the more important to understand the whole legal and taxation concepts in the industry as well as the international concept of taxation.
Companies and players (be it investors or producers or consultants) operating in the oil and gas industry need to understand the bottom line tax implications of exploration and drilling projects and the underlying legal agreements. Such legal agreements not only have individuals and corporate entities as parties but also host countries in this case their Governments, making it the more complicated. There is always a relationship between legal agreements underlying the relationship of host governments with investors in the oil and gas industry and the eventual Government take in form of taxes making the more important to understand the whole legal and taxation concepts in the industry as well as the international concept of taxation.
Learning Outcomes
Participants will be able to:
Identify the operating functions of an oil and gas exploration and production company and use of industry terminology appropriately.
Understand the various agreements in use in oil and gas industry and their commonalities and be able to interpret them.
Identify the various types of oil and gas expenditures and their classification especially for tax purposes.
Recognise and distinguish classes of lease and oil and gas property sale and their tax implications.
Distinguish between a tax-free sharing arrangement and a taxable transfer of oil and gas properties.
Indicative Contents
Indicative Contents
Identifying the variety in legal agreements within the oil & gas industry.
Joint ventures and Strategic Alliance.
Memorandum of Understanding.
Confidentiality Agreements.
Joint Bidding Agreements.
Ownership of Mineral Rights.
Joint operating agreements.
Crude oil & gas sales agreement.
International Petroleum Regimes.
Common features of host government contracts e.g Production Sharing Contracts, Service contracts, Carry Agreements.
Buy backs or exploration of risk in service contracts.
Acquisition of oil and gas properties.
Farm-in and Farm-outs agreements.
Share sale and asset sale agreements including transfer of participating interests.
The nature of oil and gas industry and property acquisitions.
Exploration for oil and gas – Geological & Geophysical costs.
Development of oil and gas properties.
Depletion of oil and gas properties.
Depreciation of oil and gas leases and well equipment.
Conveyances, Deal structuring and Financing issues.
International Taxation of oil & gas activities and its management.
Reviews
Be the first to write a review about this course.
Write a Review
Zenith Professional Training (ZPT) has carved an enviable reputation as a leading provider of corporate training in marketing, management, Leadership, Accounting, Public relations and Security Management. We provide creative leadership and management solutions aimed at giving our participants and their employers a competitive edge in an ever dynamic business world.
Courses delivered by the Zenith Professional Training are endorsed by Chartered Institute of Management Accountants (CIMA). Some of the Centre’s courses also lead to certification by Highfield Awarding Body for Compliance (HABC). Zenith Professional Training is accredited by the British Accreditation Council (BAC) as a short course provider, this accreditation covers courses delivered in UK only. ...
The Centre also design and deliver tailor made courses to meet specific needs of employees/organizations. ZP Training operates from both London and Manchester two of United Kingdom most cosmopolitan cities (London and Manchester) as well as Dubai (UAE), Houston, Texas (USA) and Accra (Ghana).
Our clients cut across the globe, from Nigeria to Mauritius, Gambia to United Arab Emirates, and Pakistan to St Lucia. Every year, individuals, organizations and Governments benefit from our highly resourced course leaders and facilitators.
Courses delivered by the Zenith Professional Training are endorsed by Chartered Institute of Management Accountants (CIMA). Some of the Centre’s courses also lead to certification by Highfield Awarding Body for Compliance (HABC). Zenith Professional Training is accredited by the British Accreditation Council (BAC) as a short course provider, this accreditation covers courses delivered in UK only. ...
Related Courses
Zenith Professional Training
Balanced Approach
PIP Services Ltd
Woodward SHE Ltd
