Enhancing Production and Offtake Arrangements

Production Sharing Model Investment Multiple HOEC Aggregate value of Net Cash Income Aggregate value of Investments *Aggregate value to be taken from the production/investments year when first incurred Net Cash Income Cost Petroleum + Profit Petroleum + Companies' all incidental income arising from petroleum operations Companies' production costs and royalty payments Investments Companies' exploration cost + Companies' development cost Profit Petroleum shall be shared between Government and Contractor in accordance with value of Investment Multiple earned by the Contractor 17

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