Oil and Gas Taxation and Royalty Management (OG-062) Training Course

Oil and Gas Taxation and Royalty Management

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…

5 daysClassroom or online

14Upcoming dates

8Cities

£1,750Fees from

Course overview

Why Attend

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 LLMI 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.

Course 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

Target Audience

Tax managers in oil and gas companies

Finance and accounting staff

Government revenue officials

Auditors

Commercial staff

Consultants

Course Methodology

Worked calculations

Case studies

Compliance workshops

Discussion of fiscal regimes

Group exercises

Course outline

1Day 1: Petroleum Fiscal Systems

Fiscal instruments overview
Royalties
Corporate and petroleum taxes
Resource rent taxes
Fiscal stability
Exercise: Fiscal regime review

2Day 2: Calculating Taxes and Royalties

Royalty valuation
Taxable income
Deductions and allowances
Ring-fencing
Losses
Worked example: Tax calculation

3Day 3: Production Sharing and Special Issues

PSC fiscal terms
Decommissioning deductions
Farm-outs and transfers
Indirect taxes
Withholding taxes
Case study: Farm-out tax implications

4Day 4: Transfer Pricing

Related-party transactions
Marketing and services
Financing
Documentation
Disputes
Exercise: Transfer pricing review

5Day 5: Compliance and Audits

Tax administration
Reporting obligations
Tax audits
Dispute resolution
Tax risk management
Capstone: Tax compliance plan

Frequently asked questions

How long is the Oil and Gas Taxation and Royalty Management course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Oil and Gas Taxation and Royalty Management course?

The next public date is 16 - 20 Nov 2026 in Amsterdam. There are 14 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Amsterdam, London, Barcelona, Geneva, Rome, Cape Town, Madrid, Dubai.

Can I take Oil and Gas Taxation and Royalty Management online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,220 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £1,750 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Oil and Gas Taxation and Royalty Management

Course overview

Course outline

Dates and fees

Frequently asked questions

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