This document provides guidance as to how the industry should handle accounting issues associated with rig-related costs. The principles of the document are applicable to any kind of rig, both onshore and offshore. Notable rig-related cost topics include construction oversight, modifications, commissioning, mobilization, load-out, dead time, suspended operations, maintenance, repairs, rig moves, programs moves, demobilization and rig support costs. It also discusses how to allocate costs to the properties served over the life of the rig contract. 40 pages. 2015.
This document provides an alternative for obtaining vehicle rates charged by operators that were previously published by the Petroleum Motor Transportation Authority (PMTA) which was dissolved in 2013. The document provides guidance regarding how vehicle rates are calculated and charged to the joint account. September 2013. 6 pages.
This document addresses joint interest accounting issues related to regulations implemented by the Bureau of Safety and Environmental Enforcement (BSEE) in 2011. These regulations require operators drilling in the deepwater Gulf of Mexico to secure and have available, on standby, well containment equipment. Two companies currently provide the necessary well containment equipment and services and charge fees based upon different ownership and pricing structures. This document provides guidance as to how and when these costs can be charged to the joint account.
This document provides background information and an explanation of the model form Deepwater Accounting Procedure (MF-7), to aid those responsible for negotiation, accounting/administration, and compliance reviews of conracts using this form. The Deepwater Accounting Procedure is designed to accomany the AAPL 810-2007 Operating Agreement, so the interpretation also explains interdependencies of the deepwater model form, its other exhibits, and the Model Form Accounting Procedure. 85 pages. 2012
This document provides recommendations to aid in the interpretation and application of the 2005 Project Team Model Form so there can be a common ground of understanding in negotiations. Users will read detailed recommendations and explanations for all five major sections of the accounting procedure: General Provisions, Direct Charges, Overhead, Material Purchases Transfers & Dispositions, and Inventories of Controllable Material. 78 pages. 2005
This document explains the forms and basis of various types of awards and discusses the chargeability of awards to employees and contractors under each of the Model Forms. It includes a matrix to aid users in determining if the award is chargeable, covered by Employee Benefits, or covered by overhead. 15 pages. 2004.
This document discusses which projects qualify for overhead under the various Model Forms for both fixed rate and percentage overhead, how to calculate the proper overhead due, the various equipment types qualifying for drilling overhead, what is meant by "commence," "suspension of operations" and "Force Majeure." Numerous examples are provided explaining the concepts so users can properly calculate overhead.
This document discusses allocation methodology theory and the importance of equity and consistency in allocations. It provides a litmus test to determine if an allocation is equitable and provides numerous examples of possible boat and helicopter allocation methodologies as well as a glossary of boat and helicopter terms. 42 pages. 2000.
This document serves as the basis to equitably distribute computing and communication costs, including hardware and software, regardless of ownership and properties served, based on the use and benefit of the equipment and software. The document includes tables listing computer applications considered directly chargeable and those covered by overhead, allocation matrices showing possible allocation methods, and a glossary of computer/communication terms. 18 pages. 2000.
This document provides recommendations to aid in the interpretation and application of the 1998 Project Team Model Form so there can be a common ground of understanding in negotiations. Users willread detailed recommendations and explanations for all five major sections of the accounting procedure: General Provisions, Direct Charges, Overhead, Material Purchases Transfers & Dispositions, and Inventories of Controllable Material. 68 pages. Pub. 1998.
This document is the standard for providing suggested guidelines in pricing material transfers and dispositions. Included are comments on material costs, transportation costs, material preparation expenditures and loading, hauling and unloading costs. 38 pages. Rev. 1998.
This document addresses the chargeability of employee and contract employee training charges when the operating agreement is silent, or where there is conflict between the operator and non-operator as to the chargeability. Included are tables of chargeable and non-chargeable training costs for each vintage of Mondel Form Accounting Procedure. September 2013. 25 pages.
This document addresses the issue of the difficulty for an operator to calculate its cost of workers' compensation and employer's liability insurance when it is self-insured and provides guidance as to the manual rates chargeable for different states and offshore and for various job classifications. 4 pages. 1996.
This document provides recommendations to aid in the interpretation and application of the 1995 Model Form so there can be a common ground of understanding in negotiations. Users will read detailed recommendations and explanations for all five major sections of the accounting procedure: General Provisions, Methods of Charges to the Joint Account, Costs Incurred on the Joint Property, Costs Incurred Off the Joint Property, Overhead, Material Purchases, Transfers & Dispositions, and Inventories & Controllable Material