Contracts

The Contracts tool allows you to model simple project participation contracts. You can define general Working Interests (WI) at the asset level for all partners involved and have PetroVR automatically calculate economic model results for all participants. In addition, you can define Net Interest (NI). Net Interest is the share of production. If Net Interest is not defined, the Working Interest is applied to both expenditures and production.

When the contract is calculated, the Working and Net Interests are automatically applied to the economic model to calculate partner economics. The results are displayed in two ways:

• The Deterministic Results Tab (Contracts)and Probabilistic Results Tab (Contracts) tabs of the root node offer a general view of the economic results of all partners.
• The Partner Node can be expanded to display all results obtained for that partner.