BG's PMT royalty and profit petroleum estimates

Vol 7, PW 8 (02 Jul 03) Exploration & Production
     

BRITISH GAS has drawn up its estimates of royalty and government share of profit petroleum from Panna, Mukta and Tapti for 2003-04 based on the above work programme and budget and its oil and gas production forecast for the current year.

PETROWATCH learns the estimates were sent to the oil ministry and DGH late May 2003. Royalty oil from Panna-Mukta works out to Rs62.6cr ($13.2m) while royalty gas amounts to Rs53.7cr ($11.32m).

The government share of profit petroleum from Panna and Mukta for 2003-04 will be Rs54.7cr ($11.5m). From the Tapti gasfield royalty on gas and condensate will be Rs106cr ($22.4m) while the government's share of profit petroleum works out to Rs155cr ($32.7m).

Below isthe month-wise break-up. BG's estimates of royalty and profit petroleum for 2003-04.

Figures in thousand rupees Panna-Mukta Tapti Month Royalty oil Royalty gas Profit petroleum Royalty (gas + condensate) Profit petroleum April Nil Nil 59,951.99 Nil 92,844.28 May 186,144.11 157.193.50 87,721.80 305,381.10 102,805.86 June 48,022.36 38,807.80 58,360.78 78,157.39 136,267.89 July 43,382.85 37,144.06 42,401.67 75,691.64 137,296.47 August 44,783.14 38,445.19 39,162.35 78,157.39 132,965.06 September 44,223.25 38,445.19 40,456.85 78,157.39 137.296.47 October 43,338.44 37,391.49 40,160.12 75,691.64 137,296.47 November 44,693.93 38,722.48 39,267.58 78,157.39 132,965.06 December 43,194.67 37,553.60 40,532.21 75,691.64 137,296.47 January 2004 44,077.26 36,807.60 39,227.29 78,157.39 132,965.06 February 2004 43,609.90 36,824.67 40,228.85 76,075.58 137,296.47 March 2004 40,277.68 36,329.26 39,978.11 59,625.39 133,639.56 Total 625,777.69 537,665.24 547,499.62 1,068,943.91 1,550,935.11