PO

Purchase Order

Invoice is attached to PO.

PO life cycle

1. PO is created to make any expenditure.
   1. PO is attached to AFE for CAPEX.
   2. PO is created for OPEX and G&A.
2. PO is approved in accordance with Approval Process.

PO Attributes

• Number
• Owner
• Company_Owner
• Company_Contractor
• Description
• Expenses type: CAPEX, OPEX, G&A.
• Expenses code
  • AFE code if CAPEX
  • OPEX code if OPEX

• Over budget: yes/no
• Total Cost free of VAT
• Total Cost incl. VAT
• Attached files

PO Status

• Status: Open/Closed
• Approval Status
• Budgeted: yes/no

PO Authorization

Sum	Budgeted			Unbudgeted
	AFE in place	AFE not required	AFE not in place
<$2k	Anyone Levels 1-3	Anyone Levels 1-4	1x Level 2	2x Level 2 (incl Finance)
<$10k	1x Level 2	1x Level 2	1x Level 2	2x Level 1
<$100k	1x Level 2	1x Level 2 (incl Finance)	1x Level 1	2x Level 1
<$500k	1x Level 1	1x Level 1	1x Level 1	2x Level 1
<$1m	1x Level 1	1x Level 1	Board of Directors	Board of Directors
≥$1m	2x Level 1	2x Level 1	Board of Directors	Board of Directors