Development Costs incurred. by the Contractor in the Contract Area upto the date of first Commercial Production shall be aggregated, and the Contractor shall be entitled to recover out of the Cost Petroleum the aggregate of such Development Costs at the rate of one hundred percent (100%) per annum of such Development Costs beginning from the date of such Commercial Production.
Appears in 24 contracts
Samples: Production Sharing Contract, Production Sharing Agreement, Production Sharing Agreement
Development Costs incurred. by the Contractor in the Contract Area any Development Area, upto the date of first Commercial Production from such Development Area shall be aggregated, . and the Contractor shall be entitled to recover out of the Cost Petroleum from that Development Area the aggregate of such Development Costs at the rate of one hundred percent (100%) per annum of such Development Costs beginning from the date of such Commercial ProductionProduction from the said Development Area.
Appears in 1 contract
Samples: Production Sharing Contract (Geoglobal Resources Inc.)
