Common use of Exclusively Owned Property Clause in Contracts

Exclusively Owned Property. For services rendered to Petroleum Operations through the use of property exclusively owned by the Contractor, the accounts shall be charged at rates, not exceeding those prevailing in the region, which reflect the cost of ownership and operation of such property, or at rates to be agreed.

Appears in 3 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

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Exclusively Owned Property. For services rendered to Petroleum Operations through the use of property exclusively owned by the ContractorCompany, the accounts shall be charged at rates, not exceeding those prevailing in the region, which reflect the cost of ownership and operation of such property, or at rates to be agreed.

Appears in 1 contract

Samples: Production Sharing Agreement

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