MFI-5 1976 Offshore Model Form Accounting Procedure Interpretation
This document provides recommendations to aid in the interpretation and application of the 1976 Offshore Model Form so there can be a common ground of understanding in negotiations. Users will read detailed recommendations and explanations for four major sections of the accounting procedure: General Provisions, Direct Charges, Overhead, and Pricing of Joint Account Material Purchases, Transfers and Dispositions. 25 pages. Pub. 1977
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Description
Table of Contents
- SPECIMEN, FORM 606 COPAS – 1976
- INTERPRETATIVE SECTION
- GENERAL PROVISIONS
- Definitions
- Statement and Billings
- Advances and Payments by Non-Operators
- Adjustments
- Audits
- Approval by Non-Operators
- DIRECT CHARGES
- Lease Rentals and Royalties
- Labor
- Employee Benefits
- Material
- Transportation
- Services
- Equipment and Facilities Furnished by Operator
- Damages and Losses to Joint Property
- Legal Expense
- Taxes
- Insurance
- Communications
- Ecological and Environmental
- Other Expenditures
- OVERHEAD
- Overhead – Drilling and Producing Operations
- Overhead – Major Construction
- Overhead – Catastrophe
- Amendment of Rates
- PRICING OF JOINT ACCOUNT MATERIAL PURCHASES, TRANSFERS AND DISPOSITIONS
- Purchases
- Transfers and Dispositions
- Premium Prices
- Warranty of Material Furnished by Operator
- INVENTORIES
COPAS POLICIES: Complaints | Cancellation & Refund Policy
Additional information
| Weight | 4.0000000035274 oz |
|---|---|
| Dimensions | 11 × 8.5 × 0.025 in |
| Format | Digital, Printed |
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