Author: bomuo

The purpose of these two facilities (columns) is to separate the stabilized condensate or the LPG products into three marketable products, Propane, Butane and Naphtha

Vessel in a gas processing plant that extracts propane from rich natural gas.

Depreciation in the oil and gas exploration and development is usually charged over the lifetime of production, compared to current expense which is charged to current profits

The depreciation of an investment related to the discovery and production of proven and developed natural gas reserves is done according to the depletion method, namely during each accountancy period, the investment will be depreciated based on the amount of gas actually produced divided by the amount of estimated proven developed gas.

The reserves estimate used for calculating amortization in the depletion method.