BUDGET STATEMENT. 10.1. The Contractor shall prepare an annual budget pursuant to Article 17 of the Agreement (the “Budget Statement”). The Budget Statement will distinguish between Exploration Costs, Development Costs and Operating Costs consistent with the individual categories specified in Sections 2 and 3 and will show the following:
Appears in 6 contracts
Samples: Model Production Sharing Agreement, Sharing Agreement, Production Sharing Agreement
BUDGET STATEMENT. 10.1. 10.1 The Contractor shall prepare an annual budget pursuant to Article 17 7 of the Agreement (the “Budget Statement”). The Budget Statement will distinguish between Exploration Costs, Development Costs and Operating Costs consistent with the individual categories specified in Sections 2 and 3 and will show the following:
Appears in 1 contract
Samples: Petroleum Agreement
