Hi Dyno and H - I have the info in front of me... For PSC B the...

Hi Dyno and H - I have the info in front of me... For PSC B the contractor's share of recovery depends on flow rates. At 25000-75000 bbls/day cost recovery is up to 65% while for 75000-100000 bbls/day it's 60%.

My guess is the JV will probably not want to get above 75000, however, I'm not sure if this means they can flow at higher rates (eg 80-90000 per day) as long as they don't average more than 75000/day over the year.

Also it may not mean much in the long run if they receive up to 60% cost recovery over the year cf. 65% - my interpretation of the info is that the will end up recouping all development costs over time - it's just they'll recoup less earlier on (also the Govt has to re-imburse the contractor for 150% of past costs anyway).