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A 30 million barrel field is developed with a total cost (tangible and intangible) of $ 129 million. The operating cost over the productive life
A 30 million barrel field is developed with a total cost (tangible and intangible) of $ 129 million. The operating cost over the productive life of the field is estimated at $110.50 million. Calculate the contractor and government share, if the royalty is 12.5% and the tax rate is 35%. Assume the crude price of $18/Stb.
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