Government of Manitoba

Growth, Enterprise and Trade

Science, Technology, Energy and MinesAbout Us Contact What's New for Petroleum


 

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Performance Deposit Calculation

 

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Petro Home
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Disclaimer:  Please ensure that JavaScript is turned on the view and/or calculate the below spreadsheet.

Enter information in the boxes with the * then press the calculate link at the bottom of the forms.

 

Explanatory Notes

Company Name:

  *
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Enter company name


PART A - NET REVENUE CALCULATION OIL PRODUCTION

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Number of Non Abandoned Wells:

  *
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Enter no. of non-abandoned wells for which the company is the licensee

Daily Oil Production:

  *
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Enter average calendar-day oil production for the last 6 months



REVENUE


Oil price ($m/3)

$ *
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Enter average crude oil sales price for last 6 months

6-Month Net Revenue

$
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6-month net revenue is automatically calculated as 60% of gross production revenue

12-Month Net Revenue

$
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12-month net revenue is automatically calculated as 60% of gross production revenue



PART B - ABANDONMENT & REHABILITATION COSTS
alt WELL ABANDONMENT COSTS

Number of wells:

  *
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Enter no. of non-abandoned wells with no downhole problems

Average well abandonment cost:

$ *
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Enter average well abandonment cost

Number of known "Problem" wells:

  *
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Enter no. of non-abandoned wells with downhole problems

Average "Problem" well abandonment cost:

$ *
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Enter average "Problem" well abandonment cost

Total salvage value of surface and downhole equipment:

$ *
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Enter the total salvage value of surface and downhole equipment

Total Well Abandonment cost:

$
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Spreadsheet calculates total well abandonment costs

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FACILITY ABANDONMENT COSTS


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Number of batteries:

  *
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Enter no. of non-abandoned batteries

Average battery abandonment cost:

$ *
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Enter average battery abandonment cost

Total salvage value of battery equipment:

$ *
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Enter the total salvage value of battery equipment

Total battery abandonment costs:

$
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Spreadsheet calculates total battery costs



REHABILITATION COSTS


Number of wells requiring a COA:

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Enter no. of abandoned and non -abandoned wells requiring a Certificate of Abandonment (COA)

Average well rehabilitation cost:

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Enter average well rehabilitation cost

Number of batteries requiring a COA:

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Enter no. of abandoned and non-abandoned batteries requiring a Certificate of Abandonment (COA)

Average battery rehabilitation cost:

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Enter average battery rehabilition cost

Total rehabilitation costs:

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Spreadsheet calculates total rehabilitation costs

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TOTAL ABANDONMENT &
REHABILITATION COSTS
:

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Sum of abandonment and rehabilitation costs



PART C - PERFORMANCE DEPOSIT CALCULATION


Total abandonment & rehabilitation costs:

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Sum of abandonment and rehabilitation costs from Part B

Difference from 6 month net revenue:

$
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Difference from 12 month net revenue:

$
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Actual production time needed to offset abandonment costs:

 
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Calculated in days

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DEPOSIT REQUIRED

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Calculated performance deposit:

$
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Drilling and Production Regulations Section 10(2):

 
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If you have problems with this form please contact:  christine.steele@gov.mb.ca

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