Training Courses

Van Meurs Corporation, in association with London Petro Academy, offers various training courses. The courses, conducted by industry expert Dr. Pedro van Meurs, have proven to be very popular and fill up quickly. Please contact us if you are interested in registering for a course.

In addition to the public offerings, Van Meurs Corporation also offers in-house versions of all courses. Please contact us to discuss how we can help you.

Economic Analysis, Design and Modelling of Petroleum Fiscal Systems London, UKFeb 18 - 20, 2018 $USD2,400
World Fiscal Systems for Oil & Gas SingaporeMar 12 - 15, 2018 $USD3499
World Fiscal Systems for Oil & Gas London, UKJul 2 - 5, 2018 $USD3,499
World Fiscal Systems for Oil & Gas DubaiNov 4 - 7, 2018 $USD3,499
The World Fiscal Systems for Oil & Gas course can be customized into a 3, 4, or 5-day in-house course tailored to your organization's individual needs.
Please see the in-house course fee schedule for more information.

Dr. van Meurs has conducted this five-day course for over twenty years and it is always a hit. Topics include: royalties, production sharing, concessions, joint venture agreements, service agreements, administration of fiscal systems, and stand-alone vs. incremental analysis.

The course is interactive and relies on two powerful economic Excel spreadsheets designed by Dr. van Meurs. With these spreadsheets, participants will understand how various economic factors can impact a fiscal system from both the government and corporate point of view.

Following on from the internationally renowned World Fiscal Systems for Oil & Gas course, comes the new Advanced programme. Utilising the skills and information you have learnt from the original programme, will allow you to use the 'World Fiscal Systems' developed by Dr Pedro van Meurs.

The model will facilitate the simulation and analysis of various fiscal regimes from across the globe. The model will be used throughout the course, however the personal license agreement will also allow you to use the model when you return to the office.

In addition to the comprehensive teachings of Dr Pedro van Meurs, you will also have the opportunity to analyse your own fiscal system or project that you have brought from your company. This will allow you to return to the office with developments that can be directly applied to your company.

PSAs are used in key oil & gas producing countries, each of these have different approaches and levels of complexity. New PSAs have also been recently adopted and developed in some key jurisdictions, such as Brazil and Mexico.

These complex agreements include a number of clauses that have particular legal interpretation and accompanying fiscal formulas. Therefore, it is crucial to have the correct understanding of the terms in order to calculate the formulas correctly and ensure a smooth agreement implementation.

This 3 day course will focus on both the legal and fiscal aspects of key PSA clauses in the context of other host government contracts. Through a detailed analysis of the issues, clauses and comparative case studies, this course will provide sophisticated insight and further enhance participant’s legal and fiscal knowledge of PSAs.

Oil and gas prices fluctuate widely. Governments offer petroleum contracts to investors that continue for terms of 20 years or more. Volatile costs and prices influence investment decisions. Fiscal terms have a big impact on the outcome of these decisions. As a result the investors and resource-holders need to have a full understanding of how fiscal systems respond to different economic environments.

Governments need to ensure that the state receives its fair share of economic rent/profits from current prices through their fiscal terms, whilst simultaneously maintaining a structure where it is competitive and economically attractive to the investors explore and produce petroleum. Investors also need to know how stable a fiscal system is likely to be.

As unconventional oil and gas projects develop around the world, energy companies are looking into the ways that they can become commercially viable. The course provides participants with an intimate knowledge of fiscal systems of unconventional oil and gas resources. By using a computer spreadsheet, participants will be able to identify the challenges, opportunities and strategies to lower the cost of unconventional projects and maximise their profitability.

This workshop will provide you with detailed, independent economic and legal analysis of Mexico’s petroleum opportunities. It will include an analysis of the emerging Mexican petroleum regime for all the types of petroleum awards to be made, together with a focus on the upcoming first shallow water bid round based on the final terms to be published on May 29, 2015. Participants will study the key clauses within the model PSC contract and identify how to mitigate risks and create long lasting relationships. You will also calculate the effect that the fiscal frameworks will impact on your potential projects including joint ventures and farmouts with Pemex. The detailed focus of this unique workshop will help participants to prepare for the Round One Bids. Cost of the workshop is £1500. If you attend only the first day, the cost is £1000
The course deals in detail with the fiscal terms now applicable in Mexico, including the royalties, taxes and special profit and production sharing as well as the special fiscal terms for onshore Mexico. The course also focuses on “international fiscal systems under low oil prices” indicating countries that have fiscal systems that are best structured to deal with low oil prices and the steps governments can take to maintain foreign investment in the upstream sector.

Government Strategies Under Low Oil Prices & Climate Change

Developed with the Government Oil & Gas Strategy Advisors

The Montcalm Hotel London Marble Arch, London, UK

This course will include all the elements of our World Fiscal Systems for Oil & Gas course with an additional special focus on Mexico’s Hydrocarbon Revenue Law. This interactive, computer-based training course provides participants with an intimate knowledge of petroleum upstream fiscal systems with a special, in-depth focus on Mexico’s new Hydrocarbon Revenue Law. Topics will include royalties, production sharing, concessions, joint venture agreements, service agreements, administration of fiscal systems as well as standalone vs. incremental analysis in Mexico and case studies from around the world. Utilising powerful spreadsheet models, participants will understand how various economic factors can impact a fiscal system both from a government and investor perspective. Run for over 30 years, this course continues to equip participants with the knowledge to negotiating better contracts and concessions and identifying the optimal investment opportunities.