MEEI TAX FORM 7 (New Fields-Shallow Marine) Instructions NAME OF FORM: Application for Certification of New Oil Fields in Shallow Marine Areas PURPOSE OF FORM: To determine eligibility of the field in respect of the reduced Supplemental Petroleum Tax (SPT) base rate of 25% New field means: an area within the licence, sub-licence or contract area, consisting of a petroleum reservoir or multiple petroleum reservoirs, all grouped on or related to the same individual geological structural feature or stratigraphic conditions and where recoverable reserves are not more than 50 million barrels of oil equivalent. LICENCE/CONTRACT: Licence number or block under a production sharing contract. Prepare separate submissions for each licence or contract. OPERATOR: State the name of the oil company operating the field. OTHER PARTIES: State names of joint partners and percentage ownership. (No separate application is required from joint partners) FINANCIAL YEAR: State the calendar year being reported e.g. 31st Dec 20XX FIELD NAME: State the name of the field for which reserves is being reported AVERAGE WATER DEPTH the average water depth (TVD) in metres. DATE OF FIRST PRODUCTION: State the date of first production of crude oil from this field (regardless of ownership of licence or contract at that date). INITIAL ESTIMATED RECOVERABLE RESERVES: State the total recoverable reserves of the field in barrels of oil equivalent (boe) as specified in the approved development plan.
MEEI TAX FORM 7 (New Fields-Shallow Marine) Instructions NAME OF FORM: Application for Certification of New Oil Fields in Shallow Marine Areas PURPOSE OF FORM: To determine eligibility of the field in respect of the reduced Supplemental Petroleum Tax (SPT) base rate of 25% New field means: an area within the licence, sub-licence or contract area, consisting of a petroleum reservoir or multiple petroleum reservoirs, all grouped on or related to the same individual geological structural feature or stratigraphic conditions and where recoverable reserves are not more than 50 million barrels of oil equivalent. LICENCE/CONTRACT: Licence number or block under a production sharing contract. Prepare separate submissions for each licence or contract. OPERATOR: State the name of the oil company operating the field. OTHER PARTIES: State names of joint partners and percentage ownership. (No separate application is required from joint partners) FINANCIAL YEAR: State the calendar year being reported e.g. 31st Dec 20XX FIELD NAME: State the name of the field for which reserves is being reported AVERAGE WATER DEPTH the average water depth (TVD) in metres. DATE OF FIRST PRODUCTION: State the date of first production of crude oil from this field (regardless of ownership of licence or contract at that date). INITIAL ESTIMATED RECOVERABLE RESERVES: State the total recoverable reserves of the field in barrels of oil equivalent (boe) as specified in the approved development plan.