Oil & Gas
Subsea Infrastructure Capitalized
Capitalizing subsea pipelines, wellheads, manifolds, and umbilicals connecting wells to the platform.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Development Assets — Subsea Infrastructure | Asset (+) | 120,000,000.00 | - |
| Cash / Contractor Payable | Asset/Liability (-) | - | 120,000,000.00 |
💡 Accountant's Note
Subsea infrastructure connects the reservoir to surface processing. It is a development cost capitalized under the field's development plan. Depletion follows UOP based on the proven developed reserves.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.