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Study-Unit Description
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CODE GSC5209

 
TITLE Fiscal Regimes and Resources Law

 
LEVEL 05 - Postgraduate Modular Diploma or Degree Course

 
ECTS CREDITS 5

 
DEPARTMENT Geosciences

 
DESCRIPTION - Petroleum legislation, regulations;
- Licence -Tax Regimes, Royalty;
- Production Sharing Agreements - offshore & onshore regimes;
- Petroleum Economics, profitability indicators;
- Risks & COS;
- Environmental Impact Assessments, morphology, sites of ecological & scientific importance, hydrology, protected areas;
- Health & Safety, international regulations;
- Decommissioning of fields and site restoration;
- Public relations, guarantees;
- Continental Shelf, international conventions & protocols, UNCLOS, EU Directives;
- Delimitation, bilateral agreements, disputes, resolutions, recourse to 3rd party settlement.

Study-unit Aims:

The study-unit aims to provide knowledge of the various fiscal regimes applicable to petroleum exploration and production and a knowledge of the formulation of the contracts related to such regimes in order to develop the understanding of the business aspects of petroleum exploration and production, both onshore and offshore.

Learning Outcomes:

1. Knowledge & Understanding:


By the end of the study-unit the student will be able to understand the concepts of petroleum legislations and the Law of the Sea and the rights and obligations deriving from such, understand the legal framework of contracts and fiscal regimes, the terminology of accounting, negotiation practice, risk and threshold field size analysis, health and safety issues and the environment of petroleum, both offshore and onshore.

2. Skills:

By the end of the study-unit the student will be able to formulate contract terms related to a particular legal framework, undertake a financial risk analysis of a given onshore or offshore oil & gas asset, assess any health & safety and environmental issues associated with the asset, and provide remedial measures to allow for both sustained development and environmental conservation. The successful student will also be able to identify legal issues relating to the petroleum legislations and the Law of the Sea and will be able to seek the appropriate legal response strategy in negotiation.

Main Text/s and any supplementary readings:

- B G Taverne (1994) An Introduction to the Regulation of the Petroleum Industry: Laws, Contracts and Conventions, Kluwer Law International.
- UN (1994) The Law of the Sea: Definition of the Continental Shelf - An Examination of the Relevant Provisions of the United Nations Convention on the Law of the Sea, United Nations.
- D Johnston (1994) International Petroleum Fiscal Systems and Production Sharing Contracts, PennWell Books.
- M R Bennett, P Doyle (1997) Environmental Geology: Geology and the Human Environment, Wiley - Blackwell.
- S Oppong (2011) Health & Safety: Theory and Practice in the Oil & Gas Sector, VDM Verlag.

 
ADDITIONAL NOTES Pre-requisite Qualifications: Honours degree, 2nd upper or above, in Science, Engineering or a related discipline

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Resit Availability Weighting
Assignment Yes 20%
Examination (2 Hours) Yes 80%

 
LECTURER/S John Brown
James Munro
Christopher Attard
Albert Caruana (Co-ord.)
Godwin Debono

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the study-unit description above applies to the academic year 2017/8, if study-unit is available during this academic year, and may be subject to change in subsequent years.
Calendar
Notices
MSc (Research) and PhD application deadlines
Application Deadlines for Academic Year 2017/18 
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