The 24th Int. Petroleum Tax Conference 2013
The organising committee is pleased to present the programme for the 2013 International Petroleum Tax Conference. We extend a warm welcome to delegates attending the conference for the first time and appreciate the continuing support of those returning to the conference again this year.
PRESENTATIONS WILL BE READY FOR DOWNLOAD MONDAY 11 OR TUESDAY 12 NOVEMBER
2013 is proving to be a landmark year for taxation, both on the international stage where policy makers across the developed world are exercised on the subject of global ‘tax avoidance’ and domestically in Norway with the announcement of the most significant changes to the upstream tax regime for a generation. The conference programme has been structured to capture these topical issues in some depth and also place them in a broader context through a regional view of taxation trends. For the first time the conference organisers are especially pleased to have secured a speaker from the IMF ‘Fiscal Affairs’ division who will address the challenging topic of designing tax regimes in developing countries.
We anticipate that the topicality of tax in 2013 and the carefully designed conference programme will appeal to a wide range of delegates, both in Norway and overseas, with an interest in tax and petroleum economics.
The program outline on day 1 will firstly address the domestic fiscal changes in Norway with a succession of perspectives from the Minister of Petroleum and Energy, a ‘Boardroom’ presentation from EoN to be followed by an in depth analysis from Statoil.
In the afternoon these fiscal changes in Norway can be placed in a wider global context, with a global view of upstream taxation trends from Wood Mackenzie. This will be followed by a presentation on upstream fiscal evolution in Russia and subsequently on developments in the South East Mediterranean which is proving to be a prolific source of recent gas discoveries but in a regime of uniquely volatile geopolitics and fiscal uncertainty.
The IMF will in their presentation offer a rare insight into how they advise developing countries in shaping fiscal regimes and the essential design features they consider most appropriate.
The UK upstream tax regime is rarely static and a number of policy announcements have been implemented in 2013. These developments in the UK upstream regime designed to encourage investment in mature fields and bring certainty to decommissioning tax relief will be covered by ExxonMobil UK.
Finally on day 1, and as a scene setter for day 2, the current status of tax transparency disclosure (a rapidly evolving agenda), as it impacts upstream companies, will be covered by KPMG.
Day 2 of the conference commences with a high level review of the challenges facing policy makers on the broad topic of managing so called ‘tax avoidance’ and updating the tax code for the 21st century. The conference organisers are very pleased to have secured the attendance of acknowledged former and current OECD experts. The programme has scheduled two sessions, a global perspective of these challenges followed by a more in-depth analysis on the topic of ‘Base erosion and Profit shifting’.
We will also, commencing by mid-morning, delve into the familiar review of topical fiscal issues impacting the Norwegian sector in more detail.
The 24th International Petroleum Tax Conference provides a unique opportunity to hear from acknowledged experts in the fiscal and energy field on current Industry trends and challenges. The outstanding conference facilities in the Hotel Bristol present a congenial setting to promote extensive networking with colleagues from Europe and beyond.
Welcome!
The conference committee
Program
Wednesday 06. November
THE 24TH INT. PETROLEUM TAX CONFERENCE
Registration/Coffee-tea
Opening and introduction by the Chair
Norwegian Petroleum Policies
From the Board Room
Coffee/tea - networking break
GLOBAL UPSTREAM TAX TRENDS
Norwegian Tax Changes in Context - Industry View
Petroleum taxation: revenue or education?
Trends in Upstream Taxation
Lunch
REGIONAL FISCAL TOPICS
Recent Developments in the UK
Development of Petroleum Tax in Russia - Arctic shelf tax incentives
Coffee/tea – networking break
South East Mediterranean: Tax Developments and Petroleum Potential
INTERNATIONAL TAX POLICY
Designing Fiscal Regimes in Developing Countries, IMF
Transparency and Reporting
Aperitif
Conference Dinner and Entertainment
Thursday 07. November
Coffee and networking
Opening of Day 2 and introduction by the Chair
INTERNATIONAL CORPORATE TAX
Global Perspective
BEPS Base Erosion Profit Shifting
Coffee/tea – Networking Break
NORWEGIAN CURRENT TAX ISSUES
Tax Issues From the Ministry of Finance
Current Tax Issues from the Industry
2012 Tax Assessment Issues
Taxpayers Speech
Closing Remarks by Chair
Lunch
Practical information
Venue:
Hotel Bristol, Kristian IV’s gate 7, Oslo, Norway
Telephone: (+47) 22 82 60 43
Telefax: (+47) 22 82 60 04
www.bristol.no
Organiser:
Norwegian Petroleum Society (NPF), Lilleakerveien 2A, 0283 Oslo
www.npf.no
Final date of pre-registration: 28th October 2013
Conference fee:
Payment:
Payment can be done upon registration by credit card at our website. (Only Master Card and Visa)
If not paid by creditcard you will receive an invoice from Norwegian Petroleum Society by email (NPF).
NPF personal members NOK 10.900,- plus 25% vat
Non-npf-members NOK 11.900,- plus 25% vat
The fee includes:
– Conference papers
– Coffee/tea
– Lunches
– Conference Dinner
Cancellations:
Cancellations must be received in writing by 28th October 2013 and will be subject to a cancellation fee NOK 1000,- (plus 25% vat) unless a substitute delegate is offered. After this date, the full registration fee will apply, however, substitutions will still be accepted. Substitutions for registered delegates may be made at any time, but we would appreciate prior notification.
Conference paper:
Presentations from the conference will be available on Internet after end of conference. Delegates will be informed when available by e-mail.
Programme changes:
It is sometimes necessary to change timing of the programme. The conference organiser will not be liable for any such unavoidable changes.
Accommodation:
NPF has reserved a number of rooms at Hotel Bristol for NOK 1560,- per single room per night (incl. vat) including breakfast, to be paid direct to the hotel. Please make your reservation as soon as possible quoting ref. nr. 051113NORS. If fully booked you have to book at another other hotel or ask Bristol hotel to check availabiltiy at another
hotel.
Hotel Bristol, Kristian IV’sgt. 7, Oslo, Norway, Oslo City Centre
Please make your reservation by email to post@bristol.no
Telephone: (+47) 22 82 60 43
Telefax: (+47) 22 82 60 04
www.bristol.no
For more information please contact:
Project manager Geir Haugsdal
www.npf.no