University:
California State University, Northridge
Course:
IS 441 | Database Management Systems
Academic year:

2023
Views:

164

Pages:

3
Author:

Danial A.

Enhanced Oil Recovery Type of Contract Technical Assistance Contract Management Pertamina Pertamina Control Body MPS Directorate Participating Interest Pertamina + Contractor Operator Contractors Term 15 Years Initial Phase Pilot phase Testing and evaluation oil field Commitment Determined in the contract Firm 2 - 3 up to 6 year After 2 years if no incremental oil Termination/ Back-out After 2 years if no incremental oil Commerciality Pertamina / Contractor Development Phase Approved work program and budget Incremental Production sharing Proceed (Oil) Yes (44%) Corporate Taxes Ceiling / Depreciation Cost Recovery Max 65% of it's year production up to 30% on advance to pertamina Past Expenditure No Investment Credit Yes Interest on Loan Yes Custom Duty Exemption Gas Entitled Domestic market obligation 0.2 US$ after 5 years Entitled to Data Yes Entitle to Equipment Property of Pertamina Operating Body Contractor Relinquishment None Primary Oil = non shareable Prod. Cost = 0 The Matrix