Exploration – Knowsia

OGMT – Aug 2020 – L1 – Q1 – Petroleum Holding Fund

Explain the Petroleum Holding Fund and its disbursement process.

Question

(a). Write short notes on Petroleum Holding Fund (PHF) and how funds are disbursed from the PHF.

(b). The petroleum industry has three different but related operations and/or activities. Mention the three operations and explain the activities involved in each operation.

Answer

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Tags: Downstream, Exploration, Midstream, Petroleum Operations, Production, Upstream
Level: Level 1

Topic: Gas & Other Minerals Taxation
Series: AUGUST 2020

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

Question

Nigerian National Petroleum Corporation (NNPC) is a major regulatory body in Nigeria’s Oil and Gas sector, executing various functions through its subsidiaries.

Requirements:

a) State any FIVE activities of the Nigerian Petroleum Development Company (NPDC), a subsidiary of NNPC. (5 Marks)

b) State the importance of an Oil Mining Lease and an Oil Prospecting Lease. (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exploration, NPDC, Oil and gas, Oil Mining Lease, Oil Prospecting Lease, Production
Level: Level 3

Topic: Taxation of Specialized Businesses

OGMT – Aug 2020 – L1 – Q1 – Petroleum Holding Fund

Explain the Petroleum Holding Fund and its disbursement process.

Question

(a). Write short notes on Petroleum Holding Fund (PHF) and how funds are disbursed from the PHF.

(b). The petroleum industry has three different but related operations and/or activities. Mention the three operations and explain the activities involved in each operation.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Downstream, Exploration, Midstream, Petroleum Operations, Production, Upstream
Level: Level 1

Topic: Gas & Other Minerals Taxation
Series: AUGUST 2020

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

Question

Nigerian National Petroleum Corporation (NNPC) is a major regulatory body in Nigeria’s Oil and Gas sector, executing various functions through its subsidiaries.

Requirements:

a) State any FIVE activities of the Nigerian Petroleum Development Company (NPDC), a subsidiary of NNPC. (5 Marks)

b) State the importance of an Oil Mining Lease and an Oil Prospecting Lease. (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exploration, NPDC, Oil and gas, Oil Mining Lease, Oil Prospecting Lease, Production
Level: Level 3

Topic: Taxation of Specialized Businesses

Question Tag: Exploration

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OGMT – Aug 2020 – L1 – Q1 – Petroleum Holding Fund

Explain the Petroleum Holding Fund and its disbursement process.

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

OGMT – Aug 2020 – L1 – Q1 – Petroleum Holding Fund

Explain the Petroleum Holding Fund and its disbursement process.

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

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OGMT – Aug 2020 – L1 – Q1 – Petroleum Holding Fund

Explain the Petroleum Holding Fund and its disbursement process.

You're reporting an error for "OGMT – Aug 2020 – L1 – Q1 – Petroleum Holding Fund"

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

You're reporting an error for "ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses"

OGMT – Aug 2020 – L1 – Q1 – Petroleum Holding Fund

Explain the Petroleum Holding Fund and its disbursement process.

You're reporting an error for "OGMT – Aug 2020 – L1 – Q1 – Petroleum Holding Fund"

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

You're reporting an error for "ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses"

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