MFI-56 Rig-Related Costs
This document provides guidance as to how the industry should handle accounting issues associated with rig-related costs. 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.
$170.00
Description
Table of Contents
- FOREWORD
- BACKGROUND
- OVERVIEW OF CHARGEABILITY
- LONG-TERM RIG CONTRACTS
- CONSTRUCTION OVERSIGHT
- RIG MODIFICATIONS
- COMMISSIONING/INSPECTIONS
- MOBILIZATION
- LOAD-OUT
- DEAD TIME
- SUSPENDED OPERATIONS
- MAJOR MAINTENANCE
- RIG REPAIRS
- RIG MOVES
- PROGRAM MOVES
- DEMOBILIZATION
- INTERVENTION UNITS
- SUB-LEASING & RIG SHARING
- ADJUSTMENTS
- RIG CONTRACT EXTENSIONS
- RIG CONTRACT CANCELLATIONS
- ALLOCATION OPTIONS AND CONSIDERATIONS
- CONCLUSION
- GLOSSARY
- EXHIBIT A – CHARGEABILITY OF RIG-RELATED COSTS MATRIX
- EXHIBIT B – FLOWCHART OF RIG-RELATED COSTS
- APPENDIX A – OPERATING AGREEMENT – RESPONSIBILITIES OF OPERATOR
- APPENDIX B – ACCOUNTING PROCEDURES – LABOR
- APPENDIX C – ACCOUNTING PROCEDURES – CONTRACT SERVICES
- APPENDIX D – ACCTG PROCEDURES – EQUIP. AND FAC. FURNISHED BY OPERATOR
- APPENDIX E – ACCOUNTING PROCEDURES – AFFILIATES
- APPENDIX F – ACCOUNTING PROCEDURES – TRANSPORTATION
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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