Common use of Exploration Petroleum Costs Clause in Contracts

Exploration Petroleum Costs. They are the Petroleum Costs incurred in the exploration Petroleum Operations inside an Exploration Perimeter, included in an Annual Work Program approved pursuant to the provisions of the Contract, and they shall include, without limitation:

Exploration Petroleum Costs. They These are the Petroleum Costs incurred in relating to the exploration Petroleum Operations inside carried out for exploration purposes within an Exploration Perimeter, included in an Annual Work Program approved Perimeter incurred pursuant to the provisions of the Contract, and they shall include, without limitationincluding but not limited to the following: