Petroleum Revenue Management (Day 1)
Course Objective
- The main objective of this course provide answers to the main issues that typically arise in managing and allocating revenue generated from upstream oil and gas activities.
- Specifically, it addresses issues around good practice in petroleum revenue management.
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Petroleum Revenue Management (Day 2)
Elements of Production Sharing Contract
- Many aspects of the government/contractor relationship may be negotiated but some are normally determined by legislation.
- Those elements that are not legislated must be negotiated.
- Usually, the more aspects that are subject to negotiation, the better.
- This is true for the government agency responsible for negotiations as well as for the oil companies.
- Flexibility is required to offset differences between basins, regions, and license areas within a country.
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Petroleum Revenue Management (Day 4)
ECONOMIC GROWTH
Economic growth is an increase in the total output of the economy. It occurs when a society acquires new resources or when it learns to produce more by using existing resources.
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