Bentu & Korinci PSC's
|
| |
|
| |
| Gross Reserves & Resources |
| Bentu |
|
|
|
| |
Reserves |
Contingent |
| |
1P |
2P |
3P |
Resources |
|
|
Oil (mmbbls) |
|
- |
- |
- |
- |
|
|
Gas (mmboe) |
|
24 |
48 |
76 |
- |
|
|
Total (mmboe) |
|
24 |
48 |
76 |
0 |
|
|
| Korinci Baru |
|
|
|
| |
Reserves |
Contingent |
| |
1P |
2P |
3P |
Resources |
|
|
Oil (mmbbls) |
|
- |
- |
- |
- |
|
|
Gas (mmboe) |
|
2 |
12 |
17 |
- |
|
|
Total (mmboe) |
|
2 |
12 |
17 |
- |
|
|
|
| |
| Fiscal Terms |
 |
| |
Bentu |
Korinci |
|
| Profit split |
|
|
| Gas |
|
|
| Oil |
|
|
 |
| First trance petroleum |
20% |
20% |
|
| Inv. credit |
0% |
0% |
|
| DMO |
NA |
NA |
|
| Depreciation |
|
|
| Gas |
DB - 50% 8 yrs |
DDB - 50% 8 yrs |
| Oil |
|
|
|
| Effective tax rate |
48% |
44% |
|
| Production bonus |
US$ 1 mn = 6 mmboe |
US$ 0.5 mn = 6 mmboe |
| |
US$ 5 mn = 20 mmboe |
US$ 1 mn = 15 mmboe |
| |
US$ 10 mn = 40 mmboe |
US$ 2 mn = 20 mmboe |
|
| Abandonment fund |
|
|
|
|
| |
|
