PO

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Purchase Order

PO life cycle

  1. PO is created to make any expenditure.
    1. PO is issued against AFE for CAPEX.
    2. PO is created for OPEX and G&A.
  2. PO is approved in accordance with Approval Process.
  3. Invoices are attached to the PO.
  4. PO closes

PO Attributes

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

PO Status

PO Authorization

SumBudgeted   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