This two-day course describes the economic aspects of Production Sharing Contracts (PSC) in the international upstream petroleum industry with a combination of lectures, worked examples and a computer based practical workshop. This short course is unique in that it offers the following:
• A study of the fiscal structure of PSC’s worldwide and how they are applied to economic modelling
• How to interpret PSC’s in an economics context
• How to model and calculate the participant cash flows and economic metrics for a PSC;
• A modelling workshop based on the fiscal terms of the Libya EPSA IV PSC. Delegates will be guided through the model structuring and taught the Excel algorithms required to be able to build their own model
Delegates will take away from the course
• an understanding of the fiscal structure of PSC’s
• the techniques to be able to apply this understanding to PSC modelling worldwide
• An understanding of how to apply the economic model in a variety of contexts; commercial negotiation, licence bidding, asset acquisition/divestment
• An Excel-based Libya EPSA IV economic model solution
• A comprehensive manual containing both the economic and fiscal theory and an illustration of the variety of PSC structures worldwide
The course is suitable for delegates of all technical and commercial disciplines from oil & gas companies, governments, banks, legal and accounting organisations.
For full details contact Bev Reader on 0870 402 1264 or email at b.reader@fugro.com
Start Date Tuesday, June 10, 2008
End Date Wednesday, June 11, 2008
Posted by Fugro Robertson Ltd on Friday, May 16, 2008 09:07
Location Wallingford, Oxfordshire, UK
Category Training Courses
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