Question Tag: Government Take

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AT – Nov 2023 – L3 – Q5b – Petroleum operations

Compute the government take from royalty, carried interest, and additional participation interest in petroleum operations.

Nananom Petroleum Ghana Ltd produced 3,000,000 barrels of oil per month. The crude oil was sold at $70 per barrel. Royalty due is 5%, Carried Interest of 11%, and Additional Interest of 3.75%.

Required:
Compute the state or government take in the following:
i) Royalty
ii) Carried interest
iii) Additional participation interest

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AT – Nov 2023 – L3 – Q5b – Petroleum operations

Compute the government take from royalty, carried interest, and additional participation interest in petroleum operations.

Nananom Petroleum Ghana Ltd produced 3,000,000 barrels of oil per month. The crude oil was sold at $70 per barrel. Royalty due is 5%, Carried Interest of 11%, and Additional Interest of 3.75%.

Required:
Compute the state or government take in the following:
i) Royalty
ii) Carried interest
iii) Additional participation interest

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