Difference between revisions of "AFE"

Latest revision as of 09:35, 6 December 2018

AFE - Authority for CAPEX expenditures.

@@ Line 3: / Line 3: @@
 [[AFE]] - Authority for [[CAPEX]] expenditures.
-[[PO]] is attached to [[AFE]].
+===AFE life cycle===
+#[[AFE]] is created for [[CAPEX]] projects by the [[AFE]] Owner.
+#[[AFE]] is approved in accordance with the [[Approval Process]].
+#[[PO]]s are created and attached to [[AFE]] to order things for the project.
+#[[Invoice]]s are attached to the [[PO]]s to pay for the ordered things.
+#Project finished, [[AFE]] closes
+#[[AFE]] actual duration is compared with planned duration
+#[[AFE]] actual cost is compared with planned cost
 ===AFE Attributes===
 *Number
 *Code
-*[[CAPEX code|CAPEX]]
+*[[CAPEX|CAPEX code]]
 *Description
 *Total Cost free of VAT
@@ Line 23: / Line 30: @@
 ===AFE Authorization===
 <table border="1" >
-  <tr><td>1</td><td>    Well construction</td></tr>
+  <tr><td>Sum</td><td>Budgeted</td><td>Unbudgeted</td></tr>
-  <tr><td>1a</td><td>    Production well construction</td></tr>
+ <tr><td>0-100</td><td>[[Authority Levels]]</td><td>[[Authority Levels]]</td></tr>
-  <tr><td>1b</td><td>    Exploration well construction</td></tr>
+  <tr><td>100-200</td><td>[[Authority Levels]]</td><td>[[Authority Levels]]</td></tr>
-</table>
+  <tr><td>etc</td><td>[[Authority Levels]]</td><td>[[Authority Levels]]</td></tr>
+ </table>
 [[Category:E&P Finance]]
+{{#seo:
+|title=AFE
+|titlemode= replace
+|keywords=AFE
+|description=AFE - Authority for CAPEX expenditures.
+}}