PO

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

• 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