Development Budgets. The first Budget for any Development Period shall be submitted simultaneously with the related Development Plan. Such first Budget shall include the Costs to be incurred during the remaining portion of the Calendar Year in which the relevant Commercial Discovery is declared. The Contractor shall submit the Budget for each subsequent Year no later than September 30 of the immediately preceding Year.
Appears in 6 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Development Budgets. The first Budget for any Development Period shall be submitted simultaneously with the related Development Plan. Such first Budget shall include the Costs to be incurred during the remaining portion of the Calendar Contract Year in which the relevant Commercial Discovery is declareddeclared and during the remaining portion of the Year in which such Contract Year ends. The Contractor shall submit the Budget for each subsequent Year no later than September 30 of the immediately preceding Year.
Appears in 5 contracts
Samples: Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp), Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp), Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp)
Development Budgets. The first Budget for any Development Period shall be submitted simultaneously along with the related Development Plan. Such first Budget shall include the Costs to that will be incurred during the remaining portion of the Calendar Contract Year in which the relevant Commercial Discovery Continuation of Activities Notice is declaredsubmitted, and during the remaining portion of the Year in which such Contract Year ends. The Contractor shall submit the Budget for each subsequent Year no later than September 30 of the immediately preceding Year.
Appears in 2 contracts
Samples: Contract for the Extraction of Hydrocarbons Under Production Sharing Modality, Contract for the Extraction of Hydrocarbons Under Production Sharing Modality
