World Training for Oil and Gas Course leader: Pedro van Meurs IN HOUSE TRAINING COURSES: 2015-2016 Computer interactive training course available in 3-day, 4-day and 5-day programs Run over 35 years now, these world famous courses continue to be an outstanding success, providing participants with an intimate knowledge of petroleum upstream fiscal systems. The aim of the course is to teach participants: The nature and details of all important fiscal features in the world The wide variety of fiscal systems based on concessions, production sharing contracts, joint ventures, service contracts and other arrangements The underlying economic characteristics of the various fiscal systems Advanced economic analysis based on Excel Spreadsheets How government policies impact on fiscal systems Competitive world frameworks for investing in the petroleum sector Future trends in petroleum fiscal terms The courses are structured to be useful to a wide range of professions: geologists, petroleum engineers, bankers, accountants, negotiators, economists and lawyers. COURSE LEADER The course leader is Dr. Pedro van Meurs. He received his Ph.D. in economic geology (cum laude) in the University of Utrecht in the Netherlands in 1970. During the last 30 years he has worked on fiscal oil and gas issues in more than 70 countries in the world. He was lead consultant in: - Opening of the Newfoundland offshore for exploration and production - Alaska Petroleum Profits Tax and the proposed gas pipeline contract - Development of the first model contract for offshore China - Production-sharing, SPT and tax terms in Trinidad and Tobago - Capitalization of YPFB and 1996 petroleum law in Bolivia - PSC s in Gabon and Bangladesh - Creation of fiscal terms in Thailand and Pakistan - Development of service contracts in Mexico and Kuwait - New Alberta royalty system - Nigeria Petroleum Industry Bill
Six Courses are Available World Systems for Oil and Gas (WFSOG) (the course is available in a 3 day, 4 day or 4.5 day format) This is an introductory course dealing with wide variety of fiscal components, such as bonuses rentals, royalties, corporate income tax, production sharing, joint ventures, special resource taxes, windfall profit taxes and service fee concepts. The main fiscal systems, such as concessions, production sharing contracts, and risk service contracts are discussed for a wide variety of countries. The course is computer-interactive based on a student model. Advanced Unconventional Oil and Gas ( 3 day course) This is an advanced course dealing with the fiscal terms of shale oil, shale gas, oil shales, oil sands, coal bed methane and gas hydrates. The fiscal terms for all countries where currently unconventional oil and gas is of interest will be discussed. The course uses an advanced model that simulates all unconventional fiscal systems. Advanced Course in PSCs ( 3 day course) This is an advanced course dealing with every type of PSC in the world. The fiscal terms of a wide variety of PSCs is discussed and analyzed. The course uses and advanced model which simulates a large number of PSCs. Advanced Analysis for Governments (5 day course) The course is a combination of the 3-day WFSOG course plus two extra days to analyze in great detail the particular fiscal terms that the Government wishes to evaluate. Based on information to be provided by Government a specific advanced course model will be provided which simulates the fiscal terms and permits wide ranging competitiveness analysis and fiscal structure analysis during the course. Combination WFSOG and Advanced Unconventional (5 day course) Combination WFSOG and Advanced PSCs (5 day course)
World Systems for Oil and Gas (WFSOG) Detailed Course Program Day 1 Introduction Introduction to Excel based spreadsheet for stand alone analysis Review of profitability indicators, such as NPV, IRR, EMV and profitability ratios Price sensitivity and Divisible Income analysis Government take and government revenue analysis Bonuses, Rentals, Royalties Signature bonuses and bonus bidding: USA, Canada, Kazakhstan and the Netherlands Production bonuses: Bangladesh, Egypt and Nigeria Rentals and acreage management: Alberta and Cambodia Fixed and sliding scale royalties, royalties in kind and cash, alternative procedures for determining royalty values. Royalty concepts: Louisiana, China, Algeria, Nigeria, PNG, Gabon, Colombia, US Gulf of Mexico, Thailand, Nova Scotia, Trinidad and Tobago Severance Taxes: USA Mineral Extraction Tax: Russia Price Discounts: Pakistan Corporate Income Tax Consolidation and Ring-fencing: UK, Thailand and Pakistan Group taxation: USA, the Netherlands and Australia Gross revenue determination and Tax Reference Prices (Gabon) Deduction of other payments to government: Canada, Norway, Colombia and China Treatment of signature bonuses for tax purposes Deduction of operating costs and headquarter costs (Kuwait) Alternative capital depreciation methods and MACRS system Deduction of interest Loss carry forward and carry backward: Hungary, Russia, Brazil, USA, Canada. Refunds for tax value of losses (Norway) Day 2 Corporate Income Tax (continued) Depletion allowances and provisional allowances: Spain and Chad Uplifts: Nigeria and Australia Tax rates and globalization of corporate income tax Tax credits: USA and Canada World wide corporate income tax systems, tax credits, tax treaties: USA, the Netherlands, Malaysia Production Sharing The original Indonesian concept Profit Oil and sliding scales: Philippines, JDA, Egypt, Yemen, China, Malaysia, India, Azerbaijan, Guyana, Trinidad and Tobago, Brazil Pre-Salt. Cost Oil, cost oil limits and sliding scales: Vietnam, Equatorial Guinea, Turkmenistan, Syria, Oman, India, Indonesia, Nigeria, Egypt, Angola and Yemen Uplifts: Indonesia and Angola Special features: FTP, price caps, deemed interest, excess cost oil: Indonesia, Malaysia, China and Sudan Production Sharing (continued) Special terms for gas: Malaysia and Indonesia Production sharing and royalties: Malaysia, Pakistan, Gabon, Mongolia and Vietnam Production sharing and corporation income tax: Bangladesh, Egypt, Sudan, Indonesia, Angola, China, Malaysia and Nigeria Integration of royalties, taxes, PSCs example: Brazil-Pre- Salt Joint Ventures and Carried Interest Joint stock companies and joint operating agreements Joint stock companies: Venezuela, Saudi Arabia Payments upon participation Fixed rate carried interest: Colombia, Malaysia and China Sliding scale carried interest: Mauritania Special state company financing features: PNG and Gabon Carried interest and corporate income tax Carried interest and production sharing: China
Day 3 Progressive and Special Taxes and Profit Shares Special Taxes based on Gross Revenues: USA, Pakistan, Colombia and Trinidad and Tobago Surtaxes, Hydrocarbon Tax: Norway, Denmark Special Taxes based on Net Revenues: UK, Alberta oil sands, Brazil, Alaska, the Netherlands and Algeria Tax credits that can be traded: Alaska IRR based taxes: PNG, Ghana and Australia IRR based profit oil and royalties: Russia-Sakhalin, Azerbaijan, Angola, Canadian frontier royalty and Newfoundland R-factors: Peru, Azerbaijan, India and Thailand Combination of R-factors and production based profit oil: Libya One and Two way adjustments of price progressive features Special Taxes and corporate income tax Day 4 Incremental analysis Introduction to Excel based spreadsheet for incremental analysis Incremental analysis: corporate income tax Incremental analysis: royalties, production sharing and carried interest Incremental analysis: IRR and R-factor based features Analysis of goldplating: PNG and India Classification of fiscal systems Legal and Economic classification Concessions, Production Sharing Contracts, Joint ventures and Hybrid Systems. Country review of fiscal systems Alberta, USA, Argentina, Norway, Egypt, Nigeria, China, Indonesia and Columbia Day 5 Only Economic Policies Encouraging investment and re-investment Maximizing domestic economic growth and training and education Frontier/regional development Administrative Policies Revenue and cost verification Cost of administration Value Added Taxes, Import Duties and Property Taxes Value added taxes, credits, refunds: Mexico and Bolivia Value added tax problems: Russia, China, Brazil and Vietnam Import duties, Temporary importation, Exemptions:Pakistan Export duties: Russia Property Taxes: USA and Canada Service contracts Iraq 1996 single fee model Kuwait Operating Services Agreement Venezuela service contracts for marginal fields Iran service contracts of the 1970 s Iran Buy Back Agreements Mexican Multiple Service Contracts Iraq Development and Production Contracts Profit Sharing Contracts Bolivia Possible future contracts in Mexico Structure of government take Sharing of divisible income: progressive, neutral, regressive and hybrid systems Effect of incremental investments: Ireland, Norway, Egypt, PNG and Pakistan Front end and back end loading: Texas and Newfoundland Geological risk and government take: Argentina, US Gulf of Mexico and Venezuela Government take and oil and gas price variation: Argentina and Newfoundland Level of Government Take Stability: Canada and Egypt Determination of level of government take Competition among governments for investment Risk Sharing Sharing of risk between government and companies: price risk, cost overrun risk, reserve risk, economic risk and gas marketing risk Resource Policies Exploration promotion Cost effective operations Maximum recovery of reserves and marginal field development Heavy oil development and gas development Internal distribution of government take Federal, provincial/state and municipal participation in government take Participation by native groups, private land owners and consumers Worldwide Future Trends Anticipated world and petroleum industry developments Government take development Large resource access Simplification and diversification of term Impact of globalization and increased attention to the people
Advanced Unconventional Oil and Gas (3-day) Detailed Course Program Day 1 Discussion of Course Advanced Software Inputs, outputs, price and cost sensitivity Shale Oil & Shale Gas General Shale oil and shale gas geology Shale oil and oil shale definitions Production technology World Resources Environmental Issues Shale Plays Canada and United States North American well economics North American shale plays Canadian Bonuses, Rentals, Royalties Canadian terms, bonuses, rentals Canadian royalties: Alberta shale gas, British Columbia Net Profits Interest, Saskatchewan Corporate Income Tax-World Wide Consolidation and Ring-fencing Gross revenue determination Deduction of payments to government and bonuses Deduction of operating costs and capital costs Deduction of interest and loss carry forward Depletion allowances and uplifts Canadian Corporate Income Tax features Analysis of Canadian Shale Plays Canadian Shale Play analysis US Royalties and Corporate Income Tax US Royalties: Federal, Arkansas, Colorado, Louisiana, Montana, North Dakota, Pennsylvania, Texas Utah Oil Shale terms US Federal and State Corporate Income Tax terms and rates Production & Severance Taxes Property Taxes Analysis of US Shale Plays US Shale Play analysis Day 2 Coal Bed Methane General Coal bed methane geology Production technology World Resources Environmental Issues North American and Australian CBM terms Special CBM terms in Alberta, British Columbia and Nova Scotia US terms Australia Queensland CBM terms Alberta Oil Sands Geology, Technology and Environmental issues Alberta Oil Sands royalties Special features: FTP, price caps, deemed interest, excess cost oil: Indonesia, Malaysia, China and Sudan Shale Plays International General Shale oil and shale gas economics Regulatory issues Shale Plays Europe terms in the UK, Germany, France, Spain, Bulgaria, Poland Oil shales of Estonia Shale Plays Latin America terms in Colombia and Brazil Gas Plus program in Argentina Shale Oil - Russia Mineral Resource Extraction Tax Russian Export Duty Special Russian oil shale terms Joint Ventures and Carried Interest Joint Operating Agreements Farm Outs and Carried Interest provisions Participation Options Joint Operating Agreements and Corporate Income Tax. Shale Gas - Algeria Special Algeria R-factor PRT Sonatrach Participation Analysis of Algerian terms
Day 3 Production Sharing The original Indonesia Model Profit Oil, fixed and sliding scales Cost Oil, cost oil limits and cost calculation Determination of Production and Valuation Interest recovery Production sharing for Oil and Gas Shale Plays & CBM Indonesia First Tranche Petroleum Domestic Supply Obligation Analysis of Indonesian Terms Shale Plays & CBM China and India Windfall Profit Features Export Duties Terms of China and India Gas Hydrates Geology and Technology Japan test production and fiscal terms Design Worldwide development of special terms for unconventional resources Gas versus Oil terms Encouraging re-investment in unconventional resources Resource Wealth Sharing Methods of resource wealth sharing Progressive features for volume, price and costs Health Encouraging maximum resource recovery Encouraging cost efficiency Encouraging market price efficiency Gold Plating, examples of India and Algeria Timing of Government Take Front End Loading versus Back End Loading Design Exercise How to modify a PSC designed for conventional oil to a PSC that is suitable for shale oil. Stability Discussion of stability issues Level of Government Take Rating levels for shale oil Rating levels for shale gas Rating levels for CBM Unconventional Economic overview Course Participants will receive a perpetual license to the advanced course Excel based software, including the input sheets. The price of this software is included in the course fee. Below is the description of inputs and outputs of the model. Project Inputs 7 examples of typical North American shale gas wells, shale oil wells and CBM wells 7 examples of typical International shale gas, shale oil and CBM projects Alberta oil sands SAGD expansion project System Inputs Economic Outputs Analysis Outputs Algeria, Argentina (Gas Plus), Australia (Queensland), Australia (Western Australia), Brazil, Bulgaria, Canada (Alberta, Shale Gas), Canada (Alberta, CBM), Canada (Alberta, oil sands), Canada (British Columbia, NPI), China (CBM), China (General), Colombia, France, Germany, India (General), Indonesia (CBM), Indonesia (Shale Gas), Morocco, Poland, South Africa, Spain, United Kingdom (Shale Gas), United States (North Dakota), United States (Texas), United States (Wyoming). Detailed cash flow of corporate results, Results at every selected discount rate, IRR, NPV, NPV/BOE, Profit/Investment Ratio, Risk Investment Ratio, Maximum Sustainable Risk, Payout Time, NPV/Discounted BOE, Expected Monetary Value. Detailed cash flow of all government payments, Payments at every selected discount rate, Government Revenues, Discounted Government Revenues, Government Take, Discounted Government Take, Risked Government Take, Government Income and Participation, JV State Company cash flow and profitability. Price sensitivity analysis for 12 price levels for all corporate and government economic outputs, Cost sensitivity analysis for 16 cost levels for all corporate and government economic outputs, Marginal NPV, Cost Savings Index, Price Incentive Index, Front End Loading Index, Government Risk Sharing Index
Advanced Course in PSCs (economic section) Detailed Course Program Day 1 Discussion of Course Advanced Software Inputs, outputs, price and cost sensitivity PSC - Introduction The original Indonesian Model Use of PSCs in various countries Profit Oil, fixed and sliding scales Cost Oil, cost limits and cost calculation Production and valuation of production Payments in kind and in cash Interest recovery Use of Bonuses and Rentals in PSCs Signature and Production Bonuses Rentals Recovery of Bonuses and Rentals Government Take analysis Analysis of the PSC of the Philippines Government Take analysis Level of Government Take Introduction Sharing of Resource Wealth Progressive, regressive and neutral systems Volume, price a cost progressivity World overview of resource wealth sharing concepts Progressivity concepts in PSCs Volume Progressivity Volume progressivity per field or contract area Styles of volume progressivity Analysis of daily production scale of Liberia Analysis of cumulative production scale of Nigeria Price Progressivity Windfall profit style features with profit oil, Malaysia Price caps, Pakistan Analysis of PSC with volume and price progressive scales of Trinidad and Tobago Daily well production and price progressive scale of Brazil Pre-Salt Cost Progressivity Uplifts, Angola, Indonesia, deemed interest, China Excess cost oil, Analysis of the PSC of Egypt Day 2 s Profit Progressivity IRR based concepts, Russia Sakhalin, Azerbaijan Analysis of IRR scale of Angola R-factor scales, India, Nigeria, Iraq (Kurdistan) Analysis of R-factor scale of Azerbaijan Main types of PSCs considering other fiscal features-overview 12 different types of PSCs PSCs with Royalties Fixed royalties Regional differentiation of royalties, Nigeria Sliding scale based on volume, China, Vietnam Other sliding scales, Pakistan, Guatemala Inter-action of PSCs and royalties, Malaysia, Gabon, Pakistan, Egypt Analysis of PSC of Syria PSCs with Corporate Income Tax Consolidation and Ring-fencing Gross revenue determination Deduction of payments to government and bonuses Deduction of operating costs and capital costs Deduction of interest and loss carry forward, uplifts Inter-action of PSCs and Corporate Income Tax, Egypt, Cote d Ivoire, Indonesia, China, Nigeria First tranche petroleum, DMO, Analysis of PSC of Indonesia Analysis of PSC of Nigeria PSCs and JOAs JOA discussion, Carried Interest Fixed carried interests: Indonesia, Gabon, Malaysia, China Participation Options PSCs and JOA styles Analysis of PSC of Azerbaijan Analysis of PSC of Gabon Analysis of PSC of Libya PSCs and Windfall Profit Features Windfall profit features Analysis of PSC of Kenya PSCs and Export Duties Export Duties Analysis of PSC of Vietnam Analysis of PSC of Malaysia PSCs and Resource Taxes Resource Taxes, Tanzania, Timor Leste
Day 3 Resource Wealth Sharing (detailed) PSC examples of volume progressivity PSC examples of price progressivity PSC examples of cost progressivity World PSC oil production Review of world PSC oil production Health Encouraging maximum resource recovery Encouraging cost efficiency Gold Plating Analysis of PSC of Angola Analysis of PSC of India Encouraging market price efficiency PSCs and Timing of Government Take Front End and Back End Loading Front End Loading Index Analysis of Indonesian Terms PSCs and Geological Risk Geological Risk Sharing Geological Risk Sharing Index GRSI and Corporate Income Comprehensive /Economic Analysis Detailed analysis of Pre-Salt PSC of Brazil with discussion of pre-salt production and cost economics Stability Open ended and fixed systems Components of fiscal terms Methods to enhance fiscal stability Level of Government Take Mechanism to determine the level of government take Factors influencing the level of government take Rating of PSCs PSCs for Oil and for Gas Profit gas and cost gas definitions Separate terms for oil and gas Trend towards more attractive gas terms Gas pricing mechanisms Ratings of PSCs for Gas World Rating of PSCs for Oil Overview of world rating for PSCs for Oil Accounting Procedures Organization, Chart of Accounts Non-recoverable costs Revenue credits Cost Allocation Cost Control Procedures Abandonment Costs Booking of Reserves Booking of Reserves Course Participants will receive a perpetual license to the advanced course Excel based software, including the input sheets. The price of this software is included in the course fee. Below is the description of inputs and outputs of the model. Project Inputs System Inputs 6 examples of Deep Water Oil Fields, based on constant costs and scoping analysis 6 examples of Deep Water gas Fields, based on scoping analysis 6 examples of Shallow Water Oil Fields, based on constant costs and scoping analysis 6 examples of Onshore Oil Fields, based on constant costs and scoping analysis 4 estimates of the Brazil Pre-Salt Libra field Angola, Azerbaijan, Brazil (Pre-Salt), Egypt, Gabon, India, Indonesia, Kenya, Liberia, Libya, Malaysia, Nigeria, Philippines, Russia (Sakhalin), Syria, Trinidad & Tobago and Vietnam. Economic Outputs Analysis Outputs Detailed cash flow of corporate results, Results at every selected discount rate, IRR, NPV, NPV/BOE, Profit/Investment Ratio, Risk Investment Ratio, Maximum Sustainable Risk, Payout Time, NPV/Discounted BOE, Expected Monetary Value. Detailed cash flow of all government payments, Payments at every selected discount rate, Government Revenues, Discounted Government Revenues, Government Take, Discounted Government Take, Risked Government Take, Government Income and Participation, JV State Company cash flow and profitability. Price sensitivity analysis for 12 price levels for all corporate and government economic outputs, Cost sensitivity analysis for 16 cost levels for all corporate and government economic outputs, Marginal NPV, Cost Savings Index, Price Incentive Index, Front End Loading Index, Government Risk Sharing Index
Advanced Analysis for Governments Detailed Course Program Day 1, Day 2 and Day 3 are a shorter version of the introductory course WFSOG or a mixture of WFSOG and the Advanced Unconventional Oil and Gas course. The course is based on the fiscal system options that a Government wants to consider. Government is to supply the information on the fiscal system options one month in advance in order to design Day 4 and Day 5 of the course. Where fiscal options to be supplied by Government, such options will be held confidential and will only be disclosed to course participants. Day 4 Discussion of Course Advanced Specifically designed Software Inputs, outputs, price and cost sensitivity Preparation of Field Inputs Discussion of production profiles for oil or gas or both, for conventional or unconventional resources Discussion of capital cost levels and profiles Discussion of operating costs levels and profiles Discussion of possible alternative gas pricing frameworks, where applicable. Quality control on Terms A test run will be done with the model to ensure that the model provides the correct results for possible new fiscal features which the Government is considering Detailed calculations of new fiscal features will be reviewed. Initial analysis of the Field Input data base and the fiscal terms will be done to determine level of profitability and government take. Sensitivity analysis of Terms Detailed price sensitivity analysis Detailed cost sensitivity analysis Health Analysis Analysis of Marginal NPV Analysis of Cost Savings Index Analysis of Price Incentive Index Identification of possible gold plating issues, if any Structure Analysis Analysis of the Front End Loading Index Analysis of the Government Risk Sharing Index Analysis of Possible Adjustments in Terms Where problems are being identified during the fiscal health analysis and/or fiscal structure analysis, possible adjustments to the fiscal terms will be evaluated.
Day 5 s Detailed Competitiveness Analysis Evaluation of fiscal systems that would be competitive with the fiscal terms under consideration by Government. Selection of five competitive systems Comparative price sensitivity analysis Comparative cost sensitivity analysis Comparative front end loading indices Comparative geological risk sharing indices Possible Adjustments to Terms and integration in the Competitiveness Analysis Analysis of possible alternatives and integration with the detailing competitiveness analysis Worldwide Rating of Typical Fields (This part of the course requires access to internet for access to the World Model of Van Meurs Corporation) Selection of Case to be analysis for World Rating Selection of 20 or more fiscal systems for rating analysis Worldwide rating analysis Conclusions Discussion of Conclusions Possible presentation of results to decision makers Course Participants will receive a perpetual license to the advanced course Excel based software, including the input sheets. The price of this software is included in the course fee. Below is the description of inputs and outputs of the model. Project Inputs Based on information to be supplied by Government, field or project input files will be prepared for the specific analysis. System Inputs Economic Outputs Analysis Outputs Options considered by Government and based on information to be supplied by Government. input files for five fiscal systems for detailed competitiveness analysis Detailed cash flow of corporate results, Results at every selected discount rate, IRR, NPV, NPV/BOE, Profit/Investment Ratio, Risk Investment Ratio, Maximum Sustainable Risk, Payout Time, NPV/Discounted BOE, Expected Monetary Value. Detailed cash flow of all government payments, Payments at every selected discount rate, Government Revenues, Discounted Government Revenues, Government Take, Discounted Government Take, Risked Government Take, Government Income and Participation, JV State Company cash flow and profitability. Price sensitivity analysis for 12 price levels for all corporate and government economic outputs, Cost sensitivity analysis for 16 cost levels for all corporate and government economic outputs, Marginal NPV, Cost Savings Index, Price Incentive Index, Front End Loading Index, Government Risk Sharing Index
Combination WFSOG and Advanced Unconventional Detailed Course Program Day 1, Day 2 and Day 3 are a shorter version of the introductory course WFSOG. Day 4 and 5 are a shorter version of the Advanced Unconventional Oil and Gas Course.
Combination WFSOG and Advanced PSCs Detailed Course Program Day 1, Day 2 and Day 3 are a shorter version of the introductory course WFSOG. Day 4 and 5 are a shorter version of the Advanced PSC Course.
COURSE PROGRAM World Systems for Oil and Gas is available on the basis of 3-day, 4-day and 4.5-day courses. The courses on Advanced Unconventional Oil & Gas and Advanced PSCs are 3-day courses.the Combination courses are 5-day courses. The World Model course is a 2-day course. Course participants are to bring their own lap-tops. Winword, Powerpoint and Excel 2003 must be available on the laptops. COURSE FEES Dr. Pedro van Meurs is available to provide the courses on an in-house basis anywhere in the world on a mutually agreed time. The World Systems for Oil and Gas courses are also provided by Alexey Kovshin, the Vice President of Van Meurs Corporation. He also provides the 2-day the International Systems and Modelling course and the 2-day World Model Training course. Courses are being provided on a flat fee basis. The following schedule is for groups of up to 25 participants. For larger groups please contact Van Meurs Corporation for a quote. The fees quoted are net of any withholding tax or fiscal retention that may apply. Flat course fees for courses provided by Dr. van Meurs (thousand US $ ) Western Hemisphere (other than USA) World Systems for Oil and Gas Unconventional Advanced PSCs Government Combination 2-day 3-day 4-day 5-day 3-day 3-day 5-day 5-day 29 33 36 39 43 43 51 49 USA- Visa 39 42 45 48 51 51 60 58 Europe, SE Asia, 36 40 43 46 50 50 58 56 Korea, Japan Other Countries - 44 48 51 54 58 58 66 64 No Visa Other Countries Visa 57 61 64 67 71 71 79 77 The same courses are also provided by Mr. Alexey Kovshin, Vice-President of Van Meurs Energy. Following are the rates:
Flat course fees in for courses provided by Mr. Kovshin (thousand US $) World Systems for Oil and Gas International Systems and Modelling World Model Training 2-day 3-day 4-day 2-day 2-day FSU 8 11 13 8 8 Asia, Europe, Middle 14 21 23 11 11 East No Visa Other Countries - No 17 24 26 17 17 Visa Other Countries Visa 19 26 28 19 19 No Visa means for Dr. van Meurs that he will be able to enter the country on a Dutch passport without a visa or by receiving a visa on arrival at the airport. For example: UK, Singapore, Jordan or UAE. It means for Mr. Kovshin the Schengen area, the United States and countries Mr. Kovshin will be able to enter with a Russian passport or by receiving a visa on arrival at the airport, such as most Latin American countries and UAE. Visa means for Dr. van Meurs for the USA means that the client has to assist in obtaining a O1 work visa and for other countries it means that he will have to stop over on his way to the country for a period of no more than three days to obtain a visa prior to arrival. For example: Algeria. It means for Mr. Kovshin that he will be able to obtain a visa at a Moscow consulate of the respective country. In this case, the client is to provide required documentation to obtain the visa. in-house indicates that the course is, in principle, only accessible for participants from the company or the government providing the course. However, upon prior consultation with VMC, special arrangements can be made for other possible participants to attend. Fee includes: the lectures, lodging and travel and free copy of software and electronic class materials for each participant. Fee does not include: venue, computer rental, coffee/tea/lunches/dinners, etc. Liability: No liability in case of force majeure situations, such as illness or travel interruptions. CONTACT Interested parties can contact us for more information at the following address: Email - info@vanmeurs.org Phone - + 507 215-2923 For courses in the FSU : Phone - + 7 (926) 188-76-16