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Institute For Oil & Gas Training
OGI-1156 New

Fiscal Regime Comparison & Reform Risk Training Course

Duration
5 days
CPD hours
15
Language
English
Next date
05 Oct 2026
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Overview

Objectives

Training methodology

Organisational impact

Personal impact

Who should attend

Course outline

This module establishes the foundations for Fiscal Regime Comparison and examines how different petroleum fiscal systems allocate value between governments and investors. Participants explore the principal fiscal instruments used in upstream oil and gas and develop a structured method for comparing regimes across jurisdictions.

  1. EITI Standard

    • Provides a recognised framework for transparency in the management of oil, gas and mineral resources

    • Supports disclosure and understanding of government revenues and extractive sector payments

    • Provides useful context for evaluating transparency within petroleum fiscal systems

    • Helps participants understand the broader governance environment surrounding extractive revenues

    Learning Outcomes

    • Compare major petroleum fiscal structures using a consistent analytical approach

    • Identify the principal fiscal instruments affecting upstream project economics

    • Assess differences between contractual and tax-based petroleum systems

    • Explain how government take is influenced by fiscal design

    • Apply comparative analysis to petroleum investment scenarios

This module examines how fiscal reforms affect existing licences and contractual arrangements. The focus is on petroleum act reform, grandfathering provisions, fiscal term renegotiation and transition arrangements for existing licences.

  1. Natural Resource Charter

    • Provides a recognised framework for effective natural resource governance

    • Addresses the institutional and policy environment surrounding resource development

    • Supports structured consideration of government and investor interests in resource projects

    • Provides context for evaluating petroleum sector governance and fiscal policy

    Learning Outcomes

    • Identify the commercial implications of petroleum fiscal reform

    • Assess how existing licences are treated under revised fiscal frameworks

    • Evaluate grandfathering provisions and transition arrangements

    • Identify issues requiring review during fiscal term renegotiation

    • Assess the implications of a contract conversion to new regime

    • Communicate reform impacts clearly to internal stakeholders

This module focuses on contractual protection against fiscal and regulatory change. Participants examine stabilisation clauses, their intended function, enforcement considerations and the risks associated with retrospective fiscal change.

  1. IMF Fiscal Transparency Code

    • Provides an internationally recognised framework for fiscal transparency

    • Addresses the disclosure and management of public sector fiscal risks

    • Provides context for understanding government fiscal policy and resource-related risks

    • Supports stronger analysis of the fiscal environment surrounding petroleum projects

    Learning Outcomes

    • Explain the commercial purpose of stabilisation mechanisms

    • Identify key issues affecting stabilisation clause enforcement

    • Distinguish prospective fiscal reform from retrospective fiscal change

    • Assess the contractual implications of government fiscal measures

    • Identify documentation required for effective contractual analysis

    • Recognise fiscal reform issues requiring legal and commercial escalation

This module examines the relationship between fiscal reform, contractual rights and dispute mechanisms. Participants assess arbitration and dispute exposure arising from changes to fiscal terms, legislation, taxation and contractual obligations.

  1. ICSID Convention

    • Establishes an international framework for resolving certain investment disputes

    • Provides context for understanding international investment arbitration

    • Supports awareness of dispute resolution structures relevant to cross-border investment

    • Helps participants understand the institutional environment surrounding investment disputes

    Learning Outcomes

    • Identify dispute risks associated with petroleum fiscal reform

    • Understand how contractual and fiscal issues interact in disputes

    • Assess arbitration and dispute exposure at a practical level

    • Identify relevant contractual provisions and supporting documentation

    • Improve coordination between legal, tax and commercial functions

    • Develop structured approaches to fiscal dispute risk review

This module integrates the previous modules into a practical framework for managing fiscal reform risk. Participants apply Fiscal Regime Comparison techniques to realistic petroleum investment and contract scenarios and develop structured approaches for communicating findings to decision-makers.

  1. UNCITRAL Arbitration Rules

    • Provide recognised procedural rules for international commercial arbitration

    • Establish a structured framework for arbitration proceedings

    • Provide useful context for understanding contractual dispute resolution

    • Support practical awareness of arbitration procedures relevant to cross-border commercial disputes

    Learning Outcomes

    • Integrate fiscal, contractual and regulatory analysis into a reform risk assessment

    • Compare fiscal regimes using consistent commercial criteria

    • Evaluate the implications of proposed and enacted fiscal reforms

    • Identify risks affecting existing petroleum licences

    • Assess transition, grandfathering and conversion provisions

    • Develop structured responses to fiscal reform scenarios

    • Present fiscal reform findings to senior decision-makers

    • Strengthen organisational capability for managing petroleum fiscal change

Certificate

Course dates

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £4,500

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £4,500

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £4,500

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £4,500

Fees include tuition, course materials and refreshments. Need different dates or a different city? Ask about your preferred date.

Frequently asked questions

What does the Fiscal Regime Comparison course cover?

The course covers petroleum fiscal structures, comparative fiscal analysis, petroleum act reform, fiscal term renegotiation, grandfathering provisions, contract conversion to new regime, stabilisation mechanisms, retrospective fiscal change and dispute exposure.

Who is this course designed for?

The programme is designed for petroleum tax, finance, commercial, legal, contracts, regulatory affairs, business development and senior management professionals involved in petroleum fiscal and contractual decisions.

How is the course delivered?

Institute For Oil & Gas Training uses corporate-focused presentations, case studies, comparative fiscal exercises, contract analysis, group activities and realistic reform scenarios to connect technical concepts with practical oil and gas situations.

Does the course address existing petroleum licences?

Yes. The course specifically examines transition arrangements for existing licences, grandfathering provisions, contractual protections, fiscal term renegotiation and the implications of a contract conversion to new regime.

What will participants gain from completing the course?

Participants gain practical skills for comparing petroleum fiscal regimes, assessing fiscal reform risk, reviewing contractual protections, understanding stabilisation clause enforcement and identifying arbitration and dispute exposure.

Next: 05 Oct 2026

4 dates available

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