Overview
This LLM International Petroleum Taxation and Finance (distance learning) from University of Dundee looks at the choices governments make in balancing resource taxes and corporate taxes and the share of production retained by the state.
In looking at the options for taxation of petroleum and natural resources, you will study the regulation of production (to see who and what is being taxed). You will also learn about the fiscal options of resource taxes and corporate taxes, and understand that the state’s share of production is also revenue for the state.
You will also learn about:
- the project financing of petroleum production through debt, forward purchases, and production payments
- how different taxes interact to create the total tax burden
- limited recourse financing of petroleum projects
- how different investors have different financing needs, and the implications for the investor group
- how governments balance the need for revenue with the need to attract investors
- dispute avoidance and resolution
You do not need to be a lawyer to take this course.
Careers
Petroleum provides a huge source of revenue for producer governments. This course looks at the choices governments make in balancing resource taxes and corporate taxes and the share of production retained by the state.
In looking at the options for taxation of petroleum and natural resources, you will study the regulation of production (to see who and what is being taxed). You will also learn about the fiscal options of resource taxes and corporate taxes, and understand that the state’s share of production is also revenue for the state.
You will also learn about:
- the project financing of petroleum production through debt, forward purchases, and production payments
- how different taxes interact to create the total tax burden
- limited recourse financing of petroleum projects
- how different investors have different financing needs, and the implications for the investor group
- how governments balance the need for revenue with the need to attract investors
- dispute avoidance and resolution
You do not need to be a lawyer to take this course.
Programme Structure
Modules include:
- International Petroleum Law and Policy by distance learning
- Mineral and Petroleum Taxation by distance learning
- Petroleum Policy and Economics by distance learning
- Risk Analysis for Energy and Mining Investment Decision Making by distance learning
- Financial and Project Analysis for Natural Resources and Energy Ventures by distance learning
- Dissertation (for full-time and by distance learning)
Key information
Duration
- Part-time
- 60 months
Start dates & application deadlines
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Language
Credits
Delivered
Disciplines
International Law Master of Laws (LLM) Natural Resource Management View 15 other Masters in Natural Resource Management in United KingdomAcademic requirements
English requirements
Other requirements
General requirements
- An honours degree in Law, Economics, Finance, Geology, Petroleum, or Mining Engineering at lower second class or above
- Consideration will also be given to applicants with other academic backgrounds who explain clearly their motivation for undertaking the relevant LLM, outlining any relevant legal work experience
Tuition Fee
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International
10500 GBP/yearTuition FeeBased on the tuition of 5250 GBP per semester during 60 months. -
National
10500 GBP/yearTuition FeeBased on the tuition of 5250 GBP per semester during 60 months.
- Fees per 60 credits
Funding
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.