Common use of Exploration Costs Clause in Contracts

Exploration Costs. Exploration Costs are all direct and allocated indirect expenditures incurred in the search for Petroleum in an area which is, or was at the time when such costs were incurred, part of the Contract Area, including expenditures incurred in respect of: 2.2.1 Aerial, geophysical, geochemical, palaeontological, geological, topographical and seismic surveys, analysis and studies and their interpretation. 2.2.2 Core hole drilling and water Well drilling. 2.2.3 Labour, materials, supplies and services used in drilling Xxxxx with the object of finding Petroleum or in drilling Appraisal Xxxxx provided that if such Xxxxx are completed as producing Xxxxx or injection Well for enhancing Oil recovery, the costs of completion thereof shall be classified as Development Costs. 2.2.4 Facilities used solely in support of the purposes described in Sections 2.2.1, 2.2.2 and 2.2.3 above, including access roads, all separately identified. 2.2.5 Any Service Costs and General and Administrative Costs directly incurred on exploration activities and identifiable as such and a portion of the remaining Service Costs and General and Administrative Costs allocated to Exploration Operations determined by the proportionate share of total Contract Costs (excluding General and Administrative Costs and Service Costs) represented by all other Exploration Costs. 2.2.6 Geological and geophysical information purchased or acquired in connection with Exploration Operations. 2.2.7 Any other expenditures incurred in the search for Petroleum not covered under Sections 2.3 or 2.4.

Exploration Costs. Exploration Costs are all direct and allocated indirect expenditures incurred in the search for Petroleum in an area which is, or was at the time when such costs were incurred, part of the Contract Area, including expenditures incurred in respect of: 2.2.1 Aerial, geophysical, geochemical, palaeontological, geological, topographical and seismic surveys, analysis and studies and their interpretation. 2.2.2 Core hole drilling and water Well drilling. 2.2.3 Labour, materials, supplies and services used in drilling Xxxxx Wxxxx with the object of finding Petroleum or in drilling Appraisal Xxxxx Wxxxx provided that if such Xxxxx Wxxxx are completed as producing Xxxxx Wxxxx or injection Well for enhancing Oil recovery, the costs of completion thereof shall be classified as Development Costs. 2.2.4 Facilities used solely in support of the purposes described in Sections 2.2.1, 2.2.2 and 2.2.3 above, including access roads, all separately identified. 2.2.5 Any Service Costs and General and Administrative Costs directly incurred on exploration activities and identifiable as such and a portion of the remaining Service Costs and General and Administrative Costs allocated to Exploration Operations determined by the proportionate share of total Contract Costs (excluding General and Administrative Costs and Service Costs) represented by all other Exploration Costs. 2.2.6 Geological and geophysical information purchased or acquired in connection with Exploration Operations. 2.2.7 Any other expenditures incurred in the search for Petroleum not covered under Sections 2.3 or 2.4.

Exploration Costs. Exploration Costs are all direct and allocated indirect expenditures incurred in the search for Petroleum in an area which is, or was at the time when such costs were incurred, part of the Contract Area, including expenditures incurred in respect of: 2.2.1 Aerial, geophysical, geochemical, palaeontological, geological, topographical and seismic surveys, analysis and studies and their interpretation. 2.2.2 Core hole drilling and water Well drillingdrilling drilled as part of exploration Operations. 2.2.3 Labour, materials, supplies and services used in drilling Exploration Xxxxx with the object of finding Petroleum or in drilling Appraisal Xxxxx provided that if such Xxxxx are completed as producing Xxxxx or injection Well for enhancing Oil recovery, the costs of completion thereof shall be classified as Development Costs. 2.2.4 Facilities used solely in support of the purposes described in Sections 2.2.1, 2.2.2 and 2.2.3 above, including access roads, all separately identified. 2.2.5 Any Service Costs and General and Administrative Costs directly incurred on exploration activities and identifiable as such and a portion of the remaining Service Costs and General and Administrative Costs allocated to Exploration Operations determined by the proportionate share of total Contract Costs (excluding General and Administrative Costs and Service Costs) represented by all other Exploration Costs. 2.2.6 Geological and geophysical information purchased or acquired in connection with Exploration Operations. 2.2.7 Any other expenditures incurred for Exploration Operations in the search for Petroleum not covered under Sections 2.3 or 2.4.