Upcoming Seminars:
ADVANCED OIL AND GAS DEVELOPMENT
April 24 - May 5, 2017


This seminar offers an exciting opportunity for an advanced study in Oil and Gas Development and consists of a combination of two courses: Modern Petroleum Revenue Management and Natural Gas Development. Participants in this seminar will receive two certificates indicating the completion of each seminar. To see descriptions of the topical areas covered, please refer to the two previous descriptions in this booklet. In addition, the participants who enroll in this two week combination seminar will have more opportunities to network and can take part in the optional weekend sightseeing tour of Washington offered to participants who attend seminars lasting two weeks or longer at the ILI.

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Washington, DC; 10 Business Days; Tuition $3950
 

MODERN PETROLEUM REVENUE MANAGEMENT
April 24-28, 2017

Governments in petroleum economies seek to maximize revenue receipts and limit the consequences of uncertainty and instability in actual cash flows resulting from product price or volume disparity from forecast. Global experience indicates that there are a variety of alternatives to share petroleum revenues between the host government and investors. In general, there is a trade-off between revenue maximization and exposure to risk. Systems which seek to balance these between a government and investor have historically led to reservoir maximization and efficiency.

Governments have adopted the use of revenue funds to stabilize highly volatile petroleum rents; to save for future generations; or to guard against budget shortfalls. More recently, governments have recognized the need to better share petroleum wealth with local communities, especially those disrupted by petroleum operations. This advanced seminar examines the structure and the benefits and risks associated with current practices to manage and distribute petroleum revenues. Participants will receive a detailed review of modern practices and programs, and case studies of recent investment and design of petroleum revenue management programs, as well as local content development programs. Material is delivered through a variety of methods including: reference reading, in-class lecture, industry panels, and interactive group simulations and workshops.

   
Key Topics:  
     
  • Understanding the "resource curse" and how to avoid it)
  • Design of host country's petroleum revenue management policy
  • Upstream fiscal system options and government take
  • Revenue monitoring, enforcement and collection systems
  • Use of heritage funds (with case study on Timor Leste)
  • Revenue transparency (vs contract disclosure)
  • Fiscal relationships between national and subnational governments
  • Revenue sharing with treasury, state and local institutions (the case for earnings retention within SOEs)
  • Local content program best practices (with case study on Tanzania)
  • Use of petroleum revenues for renewables sector and climate change measures
  • Other energy sector benefits to local communities
 

 

NATURAL GAS DEVELOPMENT
May 1-5, 2017

Natural gas is among the fastest growing contributors to global energy demand, providing affordable and cleaner alternatives to conventional fossil fuels. However, in many countries, natural gas is a very underdeveloped resource due to poor gas development and use policies; underdeveloped gas infrastructure and markets; and unsupportive legal and commercial frameworks.

This advanced seminar examines issues using policy, legal and commercial lenses to provide a strategic level understanding of the natural gas value chain. Participants will receive a detailed review of the legal and commercial issues that must be resolved for successful sector development. Material is delivered through a variety of methods including: reference reading, in-class lectures, industry panels and interactive group simulations and workshops.

   
Key Topics:    
     
  • Natural gas role (and benefits) in meeting global primary energy needs
  • Principle-based approach to natural gas policy formation
  • Understanding the natural gas value chain
  • Special provisions for natural gas under upstream contracts
  • The role of the public and private sector in the development and governance of the sector including the establishment of a natural gas regulatory authority
  • Commercial aspects of natural gas sale and transportation agreements
  • Principle-based approach to natural gas pricing policy formation
  • Natural gas uses in the power generation sector (including support of renewables)
  • Natural gas monetization options (LNG, GTL, methanol, industrial use)
  • Managing risk in natural gas development projects
  • Gas flaring issues and initiatives
  • Climate change and natural gas
  • Natural gas infrastructure
  • Case Study -The role of the Natural Gas Company (NGC) in the development of the Republic of Trinidad and Tobago's Natural Gas Sector

 
 
 

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ABOUT THE ILI

 

The International Law Institute was founded in 1955 as part of Georgetown University. Since 1983, ILI has been an independent, non-profit training institution. ILI has a long-standing track record of assisting emerging economies and developing countries in achieving economic growth through sound governance and legal infrastructure.

ILI offers training to assist government officials, practitioners and the private sector in finding solutions to the legal and economic challenges faced by developing nations.

ILI participants are exposed to the best practices in good governance, management, and transparency standards that will give them the tools to improve the performance of government agencies, promote public accountability in government and achieve economic growth. More than 31,000 participants, from 186 countries, have been trained by ILI and its global affiliates. ILI organizes special seminars and conferences in the ILI facilities and abroad. ILI also partners with many renowned organizations to co-sponsor other events which contribute to the promotion of the rule of law and international development.

 

International Law Institute

Fostering Prosperity Through the Rule of Law
1055 Thomas Jefferson St., NW Suite M-100 Washington, DC 20007
Tel: 202.247.6006 Fax: 202.247.6010 Website:
www.ili.org

 

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