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A contractor has signed EPSA contract with NOC on offshore oil field that produces 11,000 bbl / d of with a 10 % Royalty ,
A contractor has signed EPSA contract with NOC on offshore oil field that produces 11,000 bbl / d of with a 10 % Royalty , 30 % recovery cost , and 25 % tax Calculate the profit split in the agreement government take in terms of barrels of oil equal to the contractor ?
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