For a period of one year, calculate the crude oil entitlements in USD to: (i) Government, (ii) National Oil Company (NOC), and (iii) Contractor if the production sharing contract fiscal terms are given in Table 1 below. the oil price is USD 45/bbl. IVINCI Average Production 25,000 rate, b/d Royalty 10% Cost Oil Ceiling 20% Actual Cost Oil Ceiling Used for Cost 90% Recovery Sliding Scale Profit Oil Splits: 1st 10,000 b/d 70% C 2nd 10,000 b/d 60% C Above 20,000 b/d 40% C Np > 50 MMSTB 40% C C = Contractor; Np = Cumulative production For a period of one year, calculate the crude oil entitlements in USD to: (i) Government, (ii) National Oil Company (NOC), and (iii) Contractor if the production sharing contract fiscal terms are given in Table 1 below. the oil price is USD 45/bbl. IVINCI Average Production 25,000 rate, b/d Royalty 10% Cost Oil Ceiling 20% Actual Cost Oil Ceiling Used for Cost 90% Recovery Sliding Scale Profit Oil Splits: 1st 10,000 b/d 70% C 2nd 10,000 b/d 60% C Above 20,000 b/d 40% C Np > 50 MMSTB 40% C C = Contractor; Np = Cumulative production