Isaac Abeson
Mar 14
What are the expenses allowable in the computation of adjusted profit of a company in upstream petroleum operation?
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Mar 14
1. Exploration and drilling costs
2. Development costs
3. Production costs
4. Depreciation and depletion expenses
5. Operating expenses
6. Administrative expenses
7. Interest expenses
8. Taxes
9. Royalties
10. Transportation and marketing costs
11. Insurance expenses
12. Environmental remediation costs
13. Abandonment and decommissioning costs
14. Other direct and indirect costs related to the upstream petroleum operation.
2. Development costs
3. Production costs
4. Depreciation and depletion expenses
5. Operating expenses
6. Administrative expenses
7. Interest expenses
8. Taxes
9. Royalties
10. Transportation and marketing costs
11. Insurance expenses
12. Environmental remediation costs
13. Abandonment and decommissioning costs
14. Other direct and indirect costs related to the upstream petroleum operation.
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