RE: Monthly Payment4 Mar 2023 12:38
That's incorrect PUTUP,
That portion of future production (and thus resources) legally accruing to an entity
under the terms of the development and production contract or license. Under the terms of PSCs, the producers have an entitlement to a portion of the production.
This entitlement, often referred to as “net entitlement” or “net economic interest,”
is estimated using a formula based on the contract terms incorporating costs and
profits.
I hope that helps.