Course description
The country’s oil and gas reserves are significant. Therefore, the prosperity of the nation’s economy owes a great deal to the oil and gas sector. While having access to plentiful oil and gas supplies is certainly advantageous, it does not guarantee a country’s success or prominence on the global stage. Conversely, a country’s or organization’s potential for success is influenced by its ability to successfully extract, mine, process, and deliver these resources to areas with strong demand. Accidents and dangers are likely to occur in this workplace. Therefore, the many parts involved in the extraction and production of oil and gas must be carefully attended to.
The Oil and Gas Taxation Certificate by Rcademy is a great way to introduce O&G professionals to the many facets of corporate taxes, including strategic planning, cash management, corporate finance, and risk analysis. The responsibility of taxes is not systematically emphasized in most basic taxation courses, although they might provide an analysis of the factors that affect an organization’s decision-making. Furthermore, standard tax accounting programs overlook the complex context in which the tax element operates.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Certificate in Oil and Gas Taxation Course by Rcademy is ideal for:
- Oil and Gas Professionals
- Chief Financial Officers
- Finance Directors
- Finance Controllers
- Finance Professionals
- Content Investors in the oil and gas industry
- Legal and Taxation Advisers
- Internal and External Auditors
- Vendors and Suppliers
- Corporate treasurers
Outcome / Qualification etc.
The objectives of The Certificate in Oil and Gas Taxation Course by Rcademy are to enable professionals to:
- Understand the national and local government services and infrastructure
- Understand the tax framework in Oil and Gas companies
- Understand various ways of ethical tax saving and planning
- Determine how to create the best practices for tax management
- Understand the essential functions of taxation
- Understand the fundamental concepts of tax management
Training Course Content
Module 1: Tax Structure
- A particular goal of the taxation structure
- Tax policy
- Control and measurement of treasury
- Tax organization
- Aspects and design of taxation
Module 2: Knowing Taxation
- Types of tax
- What qualifies as a tax?
- Various methods to evaluate tax
- Categories of tax
- The alternative tax systems
Module 3: Oil and Gas Industry Primary Resources
- Natural gases
- Crude oil
- Condensates
Module 4: Oil and Gas Industry Activities of the Midstream Sector
- Storage
- Distribution
- Marketing
- Fractionation
- Processing
Module 5: Oil and Gas Industry Processes in the Upstream Sector
- Drilling
- Exploration
- Production
Module 6: Oil and Gas Utility Systems
- Water systems
- Telecom
- Chemical and additives
- The atmosphere and flare ventilation
- Power generation, driver, and distribution
- Digital oilfield
- Control system process
Module 7: Oil and Gas Industry Activities in the Downstream Sector
- Trading and Supply
- Oil refining
- Product marketing (retail and wholesale)
Module 8: Significant Issues that Face the Oil and Gas Industry
- Increased performance to promote asset valorization
- Lowering prices to continue being competitive
- Increased environmental footprint to attain the strict standards
Module 9: Risk Control in the Oil and Gas Industry
- Identification of the different types of risks (financial, non-financial, internal, and external)
- Assessing the risk
- Understanding the industry
Module 10: Reporting and Auditing
- The audit board and committee
- Legal Requirements
- Creation of the strategy for organization growth and stability
- Roles and duties of the audit board and committee
Module 11: Various Types of Taxation
- Value-added tax
- Income tax
- Income vs taxable income
- Corporation tax
- Deferred tax and timing difference
- Exercise and customs duty
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