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Solve clearly Given the following information for a new project The expected recoverable reserves is approximately 80 MMSTO Expected CAPEX and OPEX for the project

Solve clearly

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Given the following information for a new project The expected recoverable reserves is approximately 80 MMSTO Expected CAPEX and OPEX for the project is around 100 MME The oil price is expected to be sold at 59.1 5/bbl Assuming a PSA with Royalty/Tax system, with the below conditions Royalty of 28.5 % Maximum Cost Recovery of 42 % Oil Split of 26 % / 74 Tax layer of 23 % Answer the questions below. What will be the total cash going to the government? MMS (2 Marks) What will be the government take? (1.5 Marks) What will be the contractor gross revenue? MMS (1.5 Marks)

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