answersLogoWhite

0

First Tranche Petroleum (FTP) is the oil and gas shared by the parties in PSC before the cost recovery. Usually the FTP shared is between 10% - 20% of production. The FTP mechanism was applied for the first time in 1988 for Indonesian PSC, and for some oil and gas practitioners, FTP is treated as Quasi-Royalty.

User Avatar

Wiki User

16y ago

What else can I help you with?