Add working interest categories

To simulate farm in/out situations or complicated contracts, you can set up separate WIs for different variable categories. For example, in a joint venture between two companies, Company A is responsible for 40% and Company B for 60% of the exploration capital, but all other costs and revenues are divided between them in the proportion of 80% to 20% respectively.

Note: If a WI category is marked as optional, you must specify shares for it; otherwise, variables belonging to this category will not have net values calculated even if the default WI split is set up. To check if a category is optional, open the Regime used to create the project (see The General tab).

To set up separate category shares:

  1. On the Palantir tab on the ribbon, click on Working Interest button and the Working Interest window will be displayed.
  2. In the Working Interest window, click on the Add Category button.
  3. Select a category in the Working Interest Category List dialog and click OK
  4. A new tab named after the selected group will appear next to the Default tab.
  5. Switch to the new tab and specify the working interest. Changes to WI will be applied to that category across the life of the project.

Note: If any partner's share is 0% for a particular category, leave this partner on the diagram with the share of 0%. If you delete this partner, it will be removed from the WI setup completely.