Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Taxes and royalties represent a major share of the value generated by oil and gas projects. Companies and governments must understand how petroleum fiscal instruments are calculated, administered and audited.
This Aractech course covers royalties, petroleum income taxes, windfall and resource rent taxes, production sharing fiscal terms, cost deductibility, ring-fencing, transfer pricing in the energy sector, tax administration and audits. Participants work through calculations and compliance scenarios.
The course provides general guidance and does not constitute tax advice.
What you will achieve
Learning objectives
- Explain petroleum fiscal instruments
- Calculate royalties and petroleum taxes
- Understand deductibility and ring-fencing
- Apply transfer pricing in oil and gas
- Manage tax compliance and reporting
- Prepare for and manage tax audits
Who should attend
Target audience
- Tax managers in oil and gas companies
- Finance and accounting staff
- Government revenue officials
- Auditors
- Commercial staff
- Consultants
Methodology
Learning approach
- Worked calculations
- Case studies
- Compliance workshops
- Discussion of fiscal regimes
- Group exercises
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Petroleum Fiscal Systems
- Fiscal instruments overview
- Royalties
- Corporate and petroleum taxes
- Resource rent taxes
- Coffee break
- Resource rent taxes (continued)
- Fiscal stability
- Exercise: Fiscal regime review
Day 2
Calculating Taxes and Royalties
- Royalty valuation
- Taxable income
- Deductions and allowances
- Coffee break
- Deductions and allowances (continued)
- Ring-fencing
- Losses
- Worked example: Tax calculation
Day 3
Production Sharing and Special Issues
- PSC fiscal terms
- Decommissioning deductions
- Farm-outs and transfers
- Indirect taxes
- Coffee break
- Indirect taxes (continued)
- Withholding taxes
- Case study: Farm-out tax implications
Day 4
Transfer Pricing
- Related-party transactions
- Marketing and services
- Financing
- Documentation
- Coffee break
- Documentation (continued)
- Disputes
- Exercise: Transfer pricing review
Day 5
Compliance and Audits
- Tax administration
- Reporting obligations
- Tax audits
- Coffee break
- Tax audits (continued)
- Dispute resolution
- Tax risk management
- Capstone: Tax compliance plan
FAQ
Frequently asked questions
What does Oil and Gas Taxation and Royalty Management (OG-062) cover?
This course covers Oil and Gas through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Tax managers in oil and gas companies, Finance and accounting staff, Government revenue officials
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Amsterdam, London, Barcelona, Geneva, Rome, Cape Town, Madrid, Dubai.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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