First tranche petroleum
WebFeb 2, 2024 · CALGARY, AB, Feb. 2, 2024 /CNW/ - Horizon Petroleum Ltd. (" Horizon " or the " Company ") (TSXV: HPL.H) is pleased to announce that the first tranche private placement of Units announced on ... WebFTP stands for First Tranche Petroleum (energy sharing) Suggest new definition. This definition appears frequently and is found in the following Acronym Finder categories: Military and Government. Business, finance, etc. See other definitions of FTP. Other Resources: We have 194 other meanings of FTP in our Acronym Attic. Link/Page Citation.
First tranche petroleum
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WebFIRST TRANCHE PETROLEUM. Sample Clauses. FIRST TRANCHE PETROLEUM. 6.3.1 Notwithstanding anything to the contrary elsewhere contained in this Contract, the … WebOct 13, 2024 · There are no First Tranche Petroleum (FTP), nor Cost Recovery. All expenses is under contractor self control [5]. PSC-Gross-Split revenue distribution for Gross Revenue of 8,759 MUS will give Total Government Take is 4,799 MUS$ from 90% of Gross Revenue, Total Contractor Take is 540 MUS$ from 10% of Gross Revenue (Figure 2).
WebApr 2, 2024 · A number of provisions which exist in current generation PSCs will need to be removed or modified in order to reflect the principles prescribed in the Gross-Split PSC Regulation. While some of these are implicit (such as the removal of sections pertaining to the recovery of Operating Costs or First Tranche Petroleum), some are more nuanced. WebVIRGINIA PETROLEUM STORAGE TANK FUND DEQ offers a reimbursement fund, the Virginia Petroleum Storage Tank Fund, from which a homeowner may be able to …
Web1. First Tranche Petroleum (FTP) 2. Investment Credit (IC) 3. Cost Recovery 4. Sharing Split (Equity to be Split) 5. Domestic Market Obligation (DMO) 6. Tax Structure 7. … WebFirst Tranche Petroleum is 20% of project volume. The contractor and the National Oil Company split this according to their profit sharing rates for both oil and gas. 100% of production after FTP is available for cost recovery. FTP is unrecoverable. The oil and gas costs are recovered first with their own revenues individually.
WebFirst Tranche Petroleum/Royalty and Oil/Gas Revenue - All Projects This document is part of the source library for NRGI's 2024 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries.
WebSep 20, 2024 · First tranche petroleum (royalty) PSC production sharing PSC cost recovery Investment credit PSC profit sharing Specific profit sharing terms Additional petroleum taxes Domestic market obligation (DMO) Corporate income tax Ring fencing Base Rate Payment schedule Fiscal treatment of decommissioning costs Sample Cash … birthday card wishes for daughter in lawWebNov 3, 2024 · The production output of the traditional cost recovery PSC is subject to a first tranche petroleum (FTP) requirement where 10 per cent of oil and gas production shall … danish pop bandsWebFirst Tranche Investment. definition. First Tranche Investment means the 37,089,883 Common Shares issued to Rio Tinto on October 27, 2006 under the Private Placement … birthday card wikipediaWebJun 17, 2024 · AMI – area of mutal interest. AMV – annulus master valve [3] ANACO – analysis of core logs report. ANARE – analysis report. AOF – absolute open flow. AOFP – absolute open-flow potential. AOL – Arrive on location. APD – application for permit to drill. API – American Petroleum Institute: organization which sets unit standards ... birthday card wishes ideasWebFirst tranche petroleumof 20%, with the remainder available for cost recovery.• Pre-tax government-contractor split set at 73% to 27%.• Domestic market obligation of up to 25% of share oil after cost recovery. First tranche petroleumrevenue is currently accumulated in a Special Timor Sea Account. danish poppyWebFirst Tranche Petroleum and Investment Credits As a natural consequence of these adjustments, we expect that the Gross Split PSC will also do away with: (i) the First Tranche Petroleum structure, which was designed to ensure the State receives a share of production without having to wait until all approved costs were first recovered from pro- birthday card with badgeWebFeb 5, 2024 · With this, the retail price of petroleum products saw an increase of at least PHP 1 per liter and is still expected to rise even further. ... In the year 2024, the first tranche of the TRAIN law came into effect, which caused an upsurge on the fuel prices. The 2024 fuel excise tax with Value Added Tax (VAT) was PHP 7.84 per liter for gasoline ... danish pop music