exploration cost first no. is 2

Example Nool cheuren oil company is explowing and prodrecing heary oil in onan. estimated available barrels in the field. is a round 410600,000 barrels. The estimated economic life of the field is to years. The Exploration cost is a 100,000,000 & which accounts for 15% of the cast and Residual value of 10%. exploration of oil is projeded to be 14% annually for the 1st 4 years and 15% for The yere (5+ 6+ 7); Proudled fied Dev. 1%. Requnich (A) Find out the Depletion amount ou annual bonis. (B) What would be the case of the field witnens developmel in year. 8. 10 Assignment- No:ol. Natural Resouces and Depletion Chevron oil company ecos) is exploring and producing heavy oil in . The estoniated available barvels in The resovviow of the oil field is. around 410,000,000 barrels. The estimated economie Life of the oil field is years. The exploration cost CEC) is $2,100, 3,000,000 which accounts for 15 percent of The total cast and residual value of 10 percent. The extraction of oil propected to be 14% annually for the 1st 4 yeas and 15% for the years( 66 and 7) annually provided thal. the field will develop by 1 % in year 7. Required: (A) Find out the depletian Baxi CDB) Depletion Rate CDR) and The 7 depelion amount on annual bans. produce a Depletion schedule. is (BJ what would be the case if the oil field by act of nature witnesses development in year 8. (Assune 2o percent. Equations: DR = Costa Residual value DR cost Avalate Est. Uniks Example Nool cheuren oil company is explowing and prodrecing heary oil in onan. estimated available barrels in the field. is a round 410600,000 barrels. The estimated economic life of the field is to years. The Exploration cost is a 100,000,000 & which accounts for 15% of the cast and Residual value of 10%. exploration of oil is projeded to be 14% annually for the 1st 4 years and 15% for The yere (5+ 6+ 7); Proudled fied Dev. 1%. Requnich (A) Find out the Depletion amount ou annual bonis. (B) What would be the case of the field witnens developmel in year. 8. 10 Assignment- No:ol. Natural Resouces and Depletion Chevron oil company ecos) is exploring and producing heavy oil in . The estoniated available barvels in The resovviow of the oil field is. around 410,000,000 barrels. The estimated economie Life of the oil field is years. The exploration cost CEC) is $2,100, 3,000,000 which accounts for 15 percent of The total cast and residual value of 10 percent. The extraction of oil propected to be 14% annually for the 1st 4 yeas and 15% for the years( 66 and 7) annually provided thal. the field will develop by 1 % in year 7. Required: (A) Find out the depletian Baxi CDB) Depletion Rate CDR) and The 7 depelion amount on annual bans. produce a Depletion schedule. is (BJ what would be the case if the oil field by act of nature witnesses development in year 8. (Assune 2o percent. Equations: DR = Costa Residual value DR cost Avalate Est. Uniks