LLM 7203

Petroleum Resources Taxation

Course ID
LLM 7203
4 CU

If you’re an educational professional who are looking to progress into management and consultancy, or an educational planning or development role, this is the best degree for you.

Module Overview

This course is designed to provide students with in-depth analyses of international taxation issues related to oil and gas and other mining activities. It starts with an overview of relevant international tax considerations in this field and how these tax risks are managed. The tension between source and residence taxation of international oil companies and their employees involved in the oil and gas and other mining activities, exploration activities, permanent establishments, and taxation of different types of income are explored in this module.


  • Discuss the functions of oil and gas taxes
  • Enumerate the criteria for assessing a good tax
  • Enumerate the different types of rent and explain each
  • Identify the different tax instruments and the characteristics of each
  • Assess how the different tax instruments interact with one another.

How you study

Lectures, Group discussions and Tutorials

Course Works – 60%
Written Examination – 40%
Total – 100%

Learning Outcomes

After successful completion of the course, students would be able to:

• Apply the criteria for assessing a good tax with which the soundness of any particular tax can be initially measured;
• Conduct qualitative assessment of main tax instruments;
• Analyze the rationale behind the royalty abolition and its effect;
• Analyze the inevitable compromises in satisfying the assessment criteria;
• Apply the principles of Petroleum Revenue Tax (PRT);