Company Name:

  *

Enter company name

PART A - NET REVENUE CALCULATION OIL PRODUCTION

Number of Non Abandoned Wells:

 *

Enter no. of non-abandoned wells for which the company is the licensee

Daily Oil Production:

 *

Enter average calendar-day oil production for the last 6 months

REVENUE

Oil price ($m/3)

$*

Enter average crude oil sales price for last 6 months

6-Month Net Revenue

$

6-month net revenue is automatically calculated as 60% of gross production revenue

12-Month Net Revenue

$

12-month net revenue is automatically calculated as 60% of gross production revenue

PART B - ABANDONMENT & REHABILITATION COSTS WELL ABANDONMENT COSTS

Number of wells:

  *

Enter no. of non-abandoned wells with no downhole problems

Average well abandonment cost:

$*

Enter average well abandonment cost

Number of known "Problem" wells:

  *

Enter no. of non-abandoned wells with downhole problems

Average "Problem" well abandonment cost:

$*

Enter average "Problem" well abandonment cost

Total salvage value of surface and downhole equipment:

$*

Enter the total salvage value of surface and downhole equipment

Total Well Abandonment cost:

$

Spreadsheet calculates total well abandonment costs

FACILITY ABANDONMENT COSTS

Number of batteries:

  *

Enter no. of non-abandoned batteries

Average battery abandonment cost:

$*

Enter average battery abandonment cost

Total salvage value of battery equipment:

$*

Enter the total salvage value of battery equipment

Total battery abandonment costs:

$

Spreadsheet calculates total battery costs

REHABILITATION COSTS

Number of wells requiring a COA:

  *

Enter no. of abandoned and non -abandoned wells requiring a Certificate of Abandonment (COA)

Average well rehabilitation cost:

$*

Enter average well rehabilitation cost

Number of batteries requiring a COA:

  *

Enter no. of abandoned and non-abandoned batteries requiring a Certificate of Abandonment (COA)

Average battery rehabilitation cost:

$*

Enter average battery rehabilition cost

Total rehabilitation costs:

$

Spreadsheet calculates total rehabilitation costs

TOTAL ABANDONMENT &
REHABILITATION COSTS:

$

Sum of abandonment and rehabilitation costs

PART C - PERFORMANCE DEPOSIT CALCULATION

Total abandonment & rehabilitation costs:

$

Sum of abandonment and rehabilitation costs from Part B

Difference from 6 month net revenue:

$

Difference from 12 month net revenue:

$

Actual production time needed to offset abandonment costs:

Calculated in days

DEPOSIT REQUIRED

Calculated performance deposit:

$

Drilling and Production Regulations Section 10(2):