Oil & Gas
Helicopter and Offshore Logistics Cost
Monthly cost of helicopter crew changes and supply vessel logistics to an offshore platform.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Logistics & Aviation Expense (LOE) | Expense (+) | 650,000.00 | - |
| Cash / Accounts Payable (Aviation Co.) | Asset/Liability (-) | - | 650,000.00 |
💡 Accountant's Note
Offshore operations depend entirely on helicopters and supply vessels. These are major recurring LOE costs. In Jordan's nascent offshore sector or for GCC operations, this is one of the largest operational cost items.
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