Daniel Johnston, President & Founder of Daniel Johnston & Co.
Daniel Johnston, President & Founder of Daniel Johnston & Co., is an independent financial consultant to the international petroleum industry. For the past 25 years he has worked in 44 countries working with both International Oil Companies (IOCs) and National Oil Companies (NOCs) on contract analysis and design, negotiations, disputes, and renegotiations. He has a Bachelor of Science Degree in Geology from Northern Arizona University and an M.B.A. (Finance) from the University of Texas at Austin. Daniel founded Daniel Johnston & Co., Inc. in 1985. He writes a column for the Petroleum Accounting and Financial Management Journal (Institute of Petroleum Accounting @ University of North Texas) and is author of a number of books including: International Petroleum Fiscal Systems and Production Sharing Contracts PennWell Books (1994) Economic Modeling and Risk Analysis Handbook University of Dundee (2002) Maximum Efficient Production Rate University of Dundee (2002) International Exploration Economics, Risk and Contract Analysis PennWell Books (2003). Introduction to Oil Company Financial Analysis PennWell Books (2006).
David Johnston, Partner, Daniel Johnston & Co.
David Johnston, is a Director with Daniel Johnston & Co., working with Governments and oil companies on upstream exploration, development, Enhanced Oil Recovery, and marginal field development contracts worldwide. His work includes contract design, economic/financial analysis, negotiations, and expert witness work. David teaches courses in Economic Modeling and Risk Analysis, and International Petroleum Fiscal System Analysis and Design at the University of Dundee and has published two books through the University, Economic Modeling and Risk Analysis Handbook, and Maximum Efficient Production Rate. He has also published Introduction to Oil Company Financial Analysis (2006) ˜best seller with PennWell Books, and has written a number of articles on the subjects of energy and technology. He holds a Bachelor of Science degree in Electrical Engineering from the University of Rochester, Rochester, New York.
"The course offers a very good starting point to help understand PSC for anyone with very little background knowledge"
- Sales, TRC Consultants
"Exposure to many different fiscal systems worldwide"
- JPDA Director, National Authority for Petroleum & Minerals
"Able to provide real life historical context for why+how PSC’s have evolved and changed. David is an
excellent presenter and provides real life stories to keep students engaged. This is not just a course based on theoretical concepts"
- Commercial Manager/ Osaka Gas Australia
"Excellent and great insight with the determination of Government take in a production sharing contract"
- Exploration Geosciences Team Lead, Chevron
"Experienced, knowledgeable and
is very good at simplifying his explanations"
- Head of Petroleum Economics, Timor Gap, E.P
“Very good on discovery of PSC’s & especially simplifying them”
- Senior Petroleum Engineer
“The Course Director is very good at delivering the concepts and making sure you understand”
- Mubadala Petroleum, Analyst, M & As
“Managed to cover a lot of fiscal terms which I was not too
comfortable with before”
- Petroleum Brunei, Legal Manager
“Provided a great overview of all aspects of the subject. Learning government position was very useful”
- Shell Products & Technology, Petroleum Engineer
“Comprehensive course plus a good instructor who makes everything so simple”
- Philodrill Corporation, Lawyer
“Outstanding comprehensive expertise”
- ENI, Head of Legal
“Excellent teaching style and wealth of experience around the globe”
- Chevron, Manager
“Good balance of high level & depth, plus providing useful “rule of thumb” principles and industry statistics”
- New Business Commercial, Petronas, Head
“The course was impressive and exceeded my expectations”
- Kuwait Energy Company, Portfolio Analyst
“Broad exposure to help bring up pertinent questions”
- Anadarko Petroleum, Commercial Engineer, International Business Services
(Module 2) “Only through the computer can you put all the pieces together and get an understanding
of the impact of the time value of money” –