D

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oftheContractor’stotalexpenditures; (d) adetaileddescriptionoftheproceduresadoptedduringtheYeartoidentifyandpurchasegoodsand servicesfromIndiansuppliers;and 8.2 The local procurement statement shall be submitted to the Government within sixty (60) days after the endofeach Year.
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82 APPENDIX- D PRODUCTION PRICE MATRIX CALCULATION OF GOVERNMENT / CONTRACTOR’S PRODUCTION SHARE 1. The Government's Revenue Share of Crude Oil and/or Natural Gas shall be determined based on a two dimensional production-price matrix, where Government’s Revenue Share with the Contractor (s) shall be linked to the average daily production in a month and average oil and gas prices in a month. In the matrix production is linked to sliding scale (incremental) production tranche and price is linked to fixed scale price band. It is clarified that this Annexure D has to be read together with the provisions of Article 15 to determine the total value of the Government’s Revenue Share in a particular month. 2. The Government's Revenue Share for a Calendar Month from the Contract Area shall be determined separately for Crude Oil and Natural Gas in accordance with the production - price matrix by reference to the applicable price band and production tranche of the table(s) as detailed hereunder. 3. Production – Price matrix table for Crude Oil and Natural Gas is separate for onland, shallow water, deep water areas, and CBM, as detailed under. The Price Matrix tables provided as 3.1.1, 3.1.2, 3.1.3, 3.1.4, 3.1.5, 3.1.6, and 3.1.7 shall be as bidby the Contractor. 3.1.1 ONLAND and TYPE S - OIL PRODUCTION-PRICE MATRIX DAILY AVERAGE PRODUCTION TRANCHE (BOPD) CRUDE OIL PRICE BAND (US$/BBL) BAND-A BAND-B BAND-C BAND-D ≤ 100 >100to ≤ 125 >125to ≤ 150 >150 GOVERNMENT SHARE OF PRODUCTION (%) TRANCHE- 1 ≤ 10000 TRANCHE- 2 > 10000 to ≤ 20000 TRANCHE- 3 > 20000 to ≤ 30000 TRANCHE- 4 > 30000 to ≤ 40000
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83 TRANCHE- 5 > 40000 3.1.2 ONLAND and TYPE S – GAS PRODUCTION - PRICE MATRIX DAILY AVERAGE PRODUCTION TRANCHE (MMSCMD) NATURAL GAS PRICE BAND (US$/MMBTU) BAND-A BAND-B BAND-C BAND-D ≤ 6.00 > 6.00 to ≤ 10.00 >10.00 to ≤ 14.00 >14.00 GOVERNMENT SHARE OF PRODUCTION (%) TRANCHE- 1 ≤ 1.42 TRANCHE- 2 > 1.42 to ≤ 2.83 TRANCHE- 3 > 2.83 to ≤ 4.25 TRANCHE- 4 > 4.25 to ≤ 5.66 TRANCHE- 5 > 5.66 3.1.3 SHALLOW WATER - OIL PRODUCTION-PRICE MATRIX DAILY AVERAGE PRODUCTION TRANCHE (BOPD) CRUDE OIL PRICE BAND (US$/BBL) BAND-A BAND-B BAND-C BAND-D ≤ 100 >100to ≤ 125 >125to ≤ 150 >150 GOVERNMENT SHARE OF PRODUCTION (%) TRANCHE- 1 ≤ 25000 TRANCHE- 2 > 25000 to ≤ 50000 TRANCHE- 3 > 50000 to ≤ 75000
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84 TRANCHE- 4 > 75000 to ≤ 100000 TRANCHE- 5 > 100000 3.1.4 SHALLOW WATER – GAS PRODUCTION - PRICE MATRIX DAILY AVERAGE PRODUCTION TRANCHE (MMSCMD) NATURAL GAS PRICE BAND (US$/MMBTU) BAND-A BAND-B BAND-C BAND-D ≤ 6.00 > 6.00 to ≤ 10.00 >10.00 to ≤ 14.00 >14.00 GOVERNMENT SHARE OF PRODUCTION (%) TRANCHE- 1 ≤ 4.25 TRANCHE- 2 > 4.25 to ≤ 8.5 TRANCHE- 3 > 8.5 to ≤ 12.7 TRANCHE- 4 > 12.7 to ≤ 17.0 TRANCHE- 5 > 17.0 3.1.5 DEEPWATER and ULTRA DEEPWATER - OIL PRODUCTION-PRICE MATRIX DAILY AVERAGE PRODUCTION TRANCHE (BOPD) CRUDE OIL PRICE BAND (US$/BBL) BAND-A BAND-B BAND-C BAND-D ≤ 100 >100to ≤ 125 >125to ≤ 150 >150 GOVERNMENT SHARE OF PRODUCTION (%) TRANCHE- 1 ≤ 50000 TRANCHE- 2 > 50000 to ≤ 100000 TRANCHE- 3 > 100000 to ≤ 150000
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85 TRANCHE- 4 > 150000 to ≤ 200000 TRANCHE- 5 > 200000 3.1.6 DEEPWATER and ULTRA DEEPWATER – GAS PRODUCTION - PRICE MATRIX
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  • Winter '14
  • Bijay K Behra
  • Government, Petroleum Operations, Contract Area

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