Common use of EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR Clause in Contracts

EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. Operator shall charge the Joint Account for use of Operator-owned equipment and facilities, including Shore Base and/or Offshore Facilities, at rates commensurate with costs of ownership and operation. Such rates may include labor, maintenance, repairs, other operating expense, insurance, taxes, depreciation, and interest on gross investment less accumulated depreciation not to exceed Ten percent (10%) per annum. In addition, for platforms only, the rate may include an element of the estimated cost of platform dismantlement. Such rates shall not exceed average commercial rates currently prevailing in the immediate area of the Joint Property.

EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. A Operator shall charge the Joint Account for use of Operator-owned equipment and facilitiesFacilities, including Shore Base and/or Base/and or Offshore Facilities, at rates commensurate with costs of ownership and operation. Such rates may include labor, maintenance, repairs, other operating expense, insurance, taxes, depreciation, depreciation and interest on gross investment less accumulated depreciation not to exceed Ten percent twelve Percent (1012 %) per annum. In annum fit addition, for platforms only, the rate may include an element of the estimated cost of platform dismantlement. Such rates shall not exceed average commercial rates currently prevailing in the immediate area of the Joint Property.

EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. Operator shall charge the Joint Account for use of Operator-owned equipment and facilities, including Shore Base and/or Offshore Facilities, at rates commensurate with costs of ownership and operation. Such rates may include labor, maintenance, repairs, other operating expense, insurance, taxes, depreciation, depreciation and interest on gross investment less accumulated depreciation not to exceed Ten eight percent (108%) per annum. In addition, for platforms only, the rate may include an element of the estimated cost of platform dismantlement. Such rates shall not exceed average commercial rates currently prevailing in the immediate area of the Joint Property.