Common use of Auditing by the Ministry Clause in Contracts

Auditing by the Ministry. 16.3.1 After notifying the Contractor, the Ministry may have experts of its choice or its own agents examine and audit any records and books relating to Petroleum Operations. The Ministry has a period of three (3) years from the date the Contractor presents its records and books to the Ministry in accordance with Article 16.2, to conduct examinations or audits with respect to that Calendar Year and submit its objections to the Contractor for any contradictions or errors found during the examinations or audits.

Appears in 4 contracts

Samples: Guarantee Agreement (Kosmos Energy Ltd.), Kosmos Energy Ltd., eiti-ge.org

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