UNIT NO-IC IC NO-IC IC

Contr Split After Tax D % 15% 15% 15% 15%

Effective Tax Rate E % 48% 48% 48% 48%
Contractor Split (before tax) F 28.85% 0.2885 0.2885 0.2885
Govt Split (before tax) G 71.15% 0.7115 0.7115 0.7115
FTP H % 20% 20% 20% 20%
DMO I % 25% 25% 25% 25%
DMO fee (new oil = J % 100% 100% 100% 100%
100%Price)
Cost to be Recovered A M$ 10,000 10,000 20,000 20,000
Lifting B Mbbl 1,000 ### ### 1,000
Price C $/bbl 20 20 20 20
Gross Revenue K M$ 20,000 20,000 20,000 20,000
FTP L M$ 4,000 4,000 4,000 4,000
Gross Revenue after FTP M M$ 16,000 16,000 16,000 16,000
Investment Credit (IC) N M$ 0 2000 0 0
Cost Recovery (Recoverable O M$ 10,000 10,000 16,000 16,000
Cost)

Unrecovered Cos P M$ 0 0 4,000 4,000

Cost Recovery + IC Q M$ 10,000 12,000 20,000 20,000
ETS R M$ 6,000 4,000 0 0
CONTRACTOR SHARE S M$ 2,885 2,308 1,154 1,154
Contr FTP S1 M$ 1,154 1,154 1,154 1,154
Contr Equity S2 M$ 1,731 1,154 0 0
DMO T M$ 1,442 1,443 0 0
DMO fee (new oil = U M$ 1,442 1,443 0 0
100%Price))

Taxable Share V M$ 2,885 4,308 1,154 1,154

Govt.Tax W M$ 1,385 2,068 554 554
Net Contractor Share X M$ 1,500 2,240 600 600
Total Contractor Take Y M$ 11,500 12,240 16,600 16,600
Govt FTP Z1 M$ 2,846 2,846 2,846 2,846
Govt Equity Z2 M$ 4,269 2,846 0 0
Total Indonesia Take WZ M$ 8,500 7,760 3,400 3,400
RAKHATIWA WISSESA

IC CR+IC

14000
12980
1220400
11800 11500
10000 10000
8000
6000
4000
2000
123456 0
CR+IC Total CT
16000
16000 16000

14000 13720
12980
12760
Years 1 2
Contr Split After Tax % 15% 15%
Effective Tax Rate % 48% 48%
Contractor Split (before tax) 0.2885 0.2885
Govt Split (before tax) 0.7115 0.7115
FTP % 20% 20%
DMO % 25% 25%
DMO fee (new oil = % 100% 100%
100%Price))
Capital Cost M$ 15,000 0
Capital Cost Depreciation M$ 6,000 3,600
Non Capital Cost M$ 14,000 10,000
Lifting Mbbl 1,000 1,500
Price $/bbl 20 20
Cost to be Recovered M$ 20,000 17,600
Gross Revenue M$ 20,000 30,000
FTP M$ 4,000 6,000
Gross Revenue after FTP M$ 16,000 24,000
Investment Credit M$ 0 0
Cost Recovery (Recoverable M$ 16,000 17,600
Cost)
Unrecovered Cost M$ 4,000 0
Equity to be Split M$ 0 6,400
CONTRACTOR SHARE M$ 1,154 3,577
Contr FTP M$ 1,154 1,731
Contr Equity M$ 0 1,846
DMO M$ 0 2,163
DMO fee (new oil = M$ 0 2,163
100%Price))
Taxable Share M$ 1,154 3,577
Govt.Tax M$ 554 1,717
Net Contractor Share M$ 600 1,860
Total Contractor Take M$ 16,600 19,460
Contr.Cash Flow M$ -12,400 9,460
Govt FTP M$ 2,846 4,269
Govt Equity M$ 0 4,554
Total Indonesia Take M$ 3,400 10,540
Contractor split after tax % 15% 15% 15%
Gov't TAX % 44% 44% 44%
Contractor split before tax % 26.79% 26.79% 26.79%
FTP % 20% 20% 20%
DMO % 25% 25% 25%
Cost to be recovered M$ 40500 40500 40500
Total Lifting Mbbl 1000 1000 1000
Oil Price US$.bbl 90 40 52
Investment Credit M$ 0 0 0
COMPUTATION IN
Mbbl :
Cost to be recovered Mbbl 450 1013 779
Total Lifting Mbbl 1000 1000 1000
FTP Mbbl 200 200 200
Investment Credit Mbbl 0 0 0
Cost Recovery Mbbl 450 800 779
Unrecovered Cost Mbbl 0 213 0
Equity to be Split Mbbl 350 0 21
Contractor Equity Share Mbbl 94 0 6
Total Contractor Share Mbbl 147 54 59
DMO (normal) Mbbl 67 67 67
DMO Delivered Mbbl 67 0 59