A 3-day PSC Virtual Course

6 Modules of 2 Hours Each
10.00AM to 12.00PM, SGT TIME and 1.00PM to 3.00PM, SGT TIME

Location: Virtual

Venue: N.A.

Starts: 01 Sep 2020

Ends: 03 Sep 2020

Type: Virtual

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The Production Sharing Contracts & International Petroleum Fiscal Systems virtual course led by Daniel Johnston & Co, provides the full cycle of petroleum operations from exploration and appraisal through development, production and site restoration.

Delivered over 6 modules of 2 hours each, the modules encompass the full range of subjects and concepts associated with petroleum fiscal system analysis and design, governing business relationships between oil companies and governments. Attendees will have the option of attending any one or multiple modules.

Delegates attending the modules will leave the course with the confidence of a complete understanding of the subjects, as the modules have been specially curated to provide key economic, financial and accounting issues associated with the variety of systems and contracts that exist worldwide in the petroleum industry.

1 – 3 September 2020
2 Sessions per day
10.00AM to 12.00PM SGT Time
1.00PM to 3.00PM SGT Time

Six Key Modules Providing State-of-the-Art Techniques in Fiscal System Analysis & Design (bookable as individual or multiple modules)

+ Module 1: Introduction - PSCs & Royalty Tax Systems

Introduction – PSCs & Royalty Tax Systems

10.00am to 12.00pm SGT

  • History of fiscal system designs
  • Legal and Philosophical Characteristics
  • Key metrics


+ Module 2: Sliding Scales

Sliding Scales

1.00pm to 3.00pm SGT

  • Definitions
  • Mechanisms (ROR, “R” Factors, others)
  • Windfall Profits Taxes


+ Module 3: Allocation & Licensing

Allocation & Licensing

10.00am to 12.00pm SGT

  • Approaches (Auctions, Negotiations, etc.)
  • Prequalification dynamics
  • Recent trends


+ Module 4: Indonesian Gross Split Design

Indonesian Gross Split Design

1.00pm to 3.00pm SGT

  • Gross Split Approach
  • Indonesia Gross Split design elements
  • Analysis of Indonesian Gross Split system


+ Module 5: Back of the envelope calculations

Back of the Envelope Calculations

10.00am to 12.00pm SGT

  • Government take
  • Effective Royalty Rate
  • Savings Index (undiscounted)
  • Evaluating sliding scales
  • Lifting entitlement ‘booking barrels’
  • Tools for auditing economic models

+ Module 6: Economic Modelling & Discounted Cash Flow Analysis

Economic Modelling & Discounted Cash Flow Analysis

1.00pm to 3.00pm SGT

  • Basics of Discounted Cash Flow Models
  • Factoring time value of money into the analysis
  • Test for Gold Plating
  • Savings Index (discounted cash flow)
  • Effective Royalty Rate (discounted)
  • Basic rules and procedures for DCF analysis
  • Analysis of key fiscal mechanisms
  • Modelling of specific country regimes

Attend the 6 Modules to Gain a Detailed Assessment of:-

  • The evolution of fiscal system designs
  • Progressive and Regressive Mechanisms
  • ROR, R-Factor, IM and other sliding scales
  • Recent trends in allocation, prequalification
  • Work Program Bidding
  • Relinquishment dynamics
  • Indonesian and other Gross Split Approaches
  • Economic metrics (e.g., Government Take, Effective Royalty Rate, Savings Index
  • Comparative Analysis of Fiscal Systems
  • Economic modelling techniques

Course Directors (At least one Course Director per module)

With guest presentations, Q&A & Discussions by Daniel Johnston


Who Should Attend

International & Government Negotiators

Corporate/Strategic Planners

Policy/Economic/Financial/Business & Accounting Analysts

Legal Advisors & In-House Counsel

Commercial/Business Development/ Marketing/ New Business/Joint Venture Mgrs

LNG/Gas Supply Mgrs

Finance Directors & Mgrs

Accountants & Financial Controllers

Tax & Finance Advisors

Loan Officers

Production & Reservoir Mgrs

Project Economic Mgr

Compliance Officers/Contract Leads

Operation/Scheduling & Shipping Mgrs


Senior Petroleum Engineers

Petroleum & Mining Economists


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This course modules can be booked individually or as multiple modules.

    Please select module/s

Contact Us

+65 6338 0064
+65 6338 4090

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