Common use of INTANGIBLE CAPITAL COSTS Clause in Contracts

INTANGIBLE CAPITAL COSTS. The intangible capital costs will be the ongoing costs incurred in the purchase of movable goods and services directly related to Oil Operations and will be recognised as expenses at the moment they are incurred. These costs/expenses will include the following: (a) the costs of aeromagnetic, airborne gravimetry, topographical, geological, geophysical and geochemical studies, costs of interpretation and reinterpretation of technical data, labour required for exploration and similar costs: (b) drilling costs of Exploration Xxxxx and Evaluation Xxxxx: costs of services provided to drill Development and Evaluation xxxxx, chemical products, leasing costs (of helicopters, lighters, boats, tugs etc.), transport, warehousing facilities, accommodation, technical services for mud control, Well geology, controlled directional drilling of Xxxxx, diving service, mud control, Well geology tests, hardening and related costs; (c) drilling costs of Development Xxxxx such as mobilisation and demobilisation of platforms and drilling equipment, drilling contracts and hire of platforms and drilling equipment, labour for platform facilities and infrastructure, fuel, water, drivers, drill bits, drilling tubes, hire of equipment, production test equipment, Christmas tree for production and mud tests and components, chemical products, hire costs (of helicopters, lighters, boats, tugs, etc.), transport, warehousing facilities, accommodation, technical services for mud control, Well location geology, directional drilling of Xxxxx, diving service, production and evaluation test, culmination and supervision; (d) the acquisition or purchase costs of goods and services such as transport costs, operating costs, verification of equipment, costs of on site installation, maintenance costs and fuel costs; (e) general services (electrical registers, vertical seismic profile [VSP], mud control, sample collection, Well geology tests, hardening, production test, supervision and similar costs), delineation services, all leasing of heavy engineering machinery and other expenses incurred abroad; (f) materials, reconstruction of access roads and other types of roads and other intangible goods for construction, public services and construction support; and (g) other Exploration Costs, auxiliary or temporary installations with a working life of less than one (1) Year.

INTANGIBLE CAPITAL COSTS. The intangible Intangible capital costs will shall be the such ongoing costs incurred in for the purchase of movable goods moveable assets and services directly related to Oil the Petroleum Operations and will they shall not be recognised as expenses at the moment they are incurreddepreciated. These Such costs/expenses will shall include the following: (a) the costs of aeromagneticaerial magnetic, airborne gravimetryaerial gravimetric, topographicaltopographic, geological, geophysical and geochemical studiessurveys, costs of interpretation interpreting and reinterpretation of reinterpreting technical datadata costs, labour required for exploration Exploration labor and similar costs:; (b) drilling costs of drilling Exploration Xxxxx and Evaluation Appraisal Xxxxx: all costs of services provided to drill Development rendered for drilling Exploration and Evaluation xxxxxAppraisal Xxxxx, chemical products, leasing rental costs (of for helicopters, lightersflatbeds, boatsships, tugs tow barges, etc.)) transportation, transport, warehousing storage facilities, accommodation, technical services for mud control, Well geology, controlled directional drilling of XxxxxWell drilling, diving servicedivers, mud control, Well well geology teststesting, hardening cementing and related similar costs; (c) drilling costs of drilling Development Xxxxx Xxxxx, such as mobilisation rig and demobilisation of platforms platform mobilization and drilling equipmentdemobilization, rig and platform drilling contracts and hire of platforms leases, platform and drilling equipment, labour for platform facilities and infrastructureinfrastructure installations labor, fuel, water, driversconductors, drill bits, drilling tubesdrill pipe, hire of equipmentequipment rental, production test testing equipment, Christmas tree for production testing, mud and mud tests and its components, chemical products, hire rental costs (of for helicopters, lightersflatbeds, boatsships, tugstow barges, etc.), transporttransportation, warehousing storage facilities, accommodation, technical services for mud control, Well location placement geology, directional drilling of XxxxxWells, diving servicedivers, production and evaluation testappraisal tests, culmination completion and supervision; (d) the costs of acquisition or purchase costs of goods and services such as transport transportation costs, operating operation costs, verification of equipmentequipment checks, costs of on on-site installation, maintenance costs and fuel costs; (e) general services (electrical registerselectric logs, vertical seismic profile [(VSP]), mud control, sample collectioncore sampling, Well geology tests, hardeningcementing, production testtests, supervision and similar costs), delineation services, all leasing of any heavy engineering machinery leasing, and other expenses incurred abroad; (f) materials, reconstruction of access roads and other types of roads roads, and other intangible goods for construction, public services and construction support; and (g) other Exploration Costs, auxiliary support or temporary installations facilities with a working useful life of less than one (1) Year.

INTANGIBLE CAPITAL COSTS. The intangible Intangible capital costs will shall be the such ongoing costs incurred in for the purchase of movable moveable goods and services directly related to Oil the Petroleum Operations and will they shall not be recognised depreciated, but shall be tax deductible as expenses at the moment they are incurred. These Such costs/expenses will shall include the the: following: (a) the costs of aeromagneticaerial magnetic, airborne gravimetryaerial gravimetric, topographicaltopographic, geological, geophysical and geochemical studiessurveys, costs of interpretation interpreting and reinterpretation of reinterpreting technical datadata costs, labour required for exploration Exploration labor and similar costs:; (b) drilling costs of drilling Exploration Xxxxx and Evaluation Appraisal Xxxxx: all costs of services provided to drill Development rendered for drilling Exploration and Evaluation xxxxxAppraisal Xxxxx, chemical products, leasing rental costs (of for helicopters, lightersflatbeds, boatsships, tugs tow barges, etc.)) transportation, transport, warehousing storage facilities, accommodation, technical services for mud control, Well geology, controlled directional drilling of XxxxxWell drilling, diving servicedivers, mud control, Well well geology teststesting, hardening cementing and related similar costs; (c) drilling costs of drilling Development Xxxxx Xxxxx, such as mobilisation rig and demobilisation of platforms platform mobilization and drilling equipmentdemobilization, rig and platform drilling contracts and hire of platforms leases, platform and drilling equipment, labour for platform facilities and infrastructureinfrastructure installations labor, fuel, water, driversconductors, drill bits, drilling tubesdrill pipe, hire of equipmentequipment rental, production test testing equipment, Christmas tree for production testing, mud and mud tests and its components, chemical products, hire rental costs (of for helicopters, lightersflatbeds, boatsships, tugstow barges, etc.), transporttransportation, warehousing storage facilities, accommodation, technical services for mud control, Well location placement geology, directional drilling of XxxxxWells, diving servicedivers, production and evaluation testappraisal tests, culmination completion and supervision; (d) the costs of acquisition or purchase costs of goods and services such as transport transportation costs, operating operation costs, verification of equipmentequipment checks, costs of on on-site installation, maintenance costs and fuel costs; (e) general services (electrical registerselectric logs, vertical seismic profile [(VSP]), mud control, sample collectioncore sampling, Well geology tests, hardeningcementing, production testtests, supervision and similar costs), delineation services, all leasing of any heavy engineering machinery leasing, and other expenses incurred abroad; (f) materials, reconstruction of access roads and other types of roads roads, and other intangible goods for construction, public services and construction support; and (g) other Exploration Costs, auxiliary support or temporary installations facilities with a working useful life of less than one (1) Year.

INTANGIBLE CAPITAL COSTS. The intangible capital costs will be the ongoing costs incurred in the purchase of movable goods and services directly related to Oil Operations and will be recognised as expenses at the moment they are incurred. These costs/expenses will include the following:76 (a) the costs of aeromagneticaerial magnetic, airborne gravimetryaerial gravimetric, topographicaltopographic, geological, geophysical and geochemical studiessurveys, costs of interpretation interpreting and reinterpretation of reinterpreting technical datadata costs, labour required for exploration Exploration labor and similar costs:; (b) drilling costs of drilling Exploration Xxxxx and Evaluation Appraisal Xxxxx: all costs of services provided to drill Development rendered for drilling Exploration and Evaluation xxxxxAppraisal Xxxxx, chemical products, leasing rental costs (of for helicopters, lightersflatbeds, boatsships, tugs tow barges, etc.)) transportation, transport, warehousing storage facilities, accommodation, technical services for mud control, Well geology, controlled directional drilling of XxxxxWell drilling, diving servicedivers, mud control, Well well geology teststesting, hardening cementing and related similar costs; (c) drilling costs of drilling Development Xxxxx Xxxxx, such as mobilisation rig and demobilisation of platforms platform mobilization and drilling equipmentdemobilization, rig and platform drilling contracts and hire of platforms leases, platform and drilling equipment, labour for platform facilities and infrastructureinfrastructure installations labor, fuel, water, driversconductors, drill bits, drilling tubesdrill pipe, hire of equipmentequipment rental, production test testing equipment, Christmas tree for production testing, mud and mud tests and its components, chemical products, hire rental costs (of for helicopters, lightersflatbeds, boatsships, tugstow barges, etc.), transporttransportation, warehousing storage facilities, accommodation, technical services for mud control, Well location placement geology, directional drilling of XxxxxWells, diving servicedivers, production and evaluation testappraisal tests, culmination completion and supervision; (d) the costs of acquisition or purchase costs of goods and services such as transport transportation costs, operating operation costs, verification of equipmentequipment checks, costs of on on-site installation, maintenance costs and fuel costs; (e) general services (electrical registerselectric logs, vertical seismic profile [(VSP]), mud control, sample collectioncore sampling, Well geology tests, hardeningcementing, production testtests, supervision and similar costs), delineation services, all leasing of any heavy engineering machinery leasing, and other expenses incurred abroad; (f) materials, reconstruction of access roads and other types of roads roads, and other intangible goods for construction, public services and construction support; and (g) other Exploration Costs, auxiliary support or temporary installations facilities with a working useful life of less than one (1) Year.

INTANGIBLE CAPITAL COSTS. The intangible Intangible capital costs will be the ongoing costs incurred in the purchase of movable goods and services directly related to Oil Petroleum Operations and will be recognised as expenses at the moment they are incurred. These costs/expenses will include the following: (a) the costs of aeromagnetic, airborne gravimetry, topographical, geological, geophysical and geochemical studies, costs of interpretation and reinterpretation of technical data, labour required for exploration and similar costs: (b) drilling costs of Exploration Xxxxx and Evaluation Appraisal Xxxxx: costs of services provided to drill Development and Evaluation xxxxxAppraisal Xxxxx, chemical products, leasing costs (of helicopters, lighters, boats, tugs etc.), transport, warehousing facilities, accommodation, technical services for mud control, Well geology, controlled directional drilling of Xxxxx, diving service, mud control, Well geology tests, hardening and related costs; (c) drilling costs of Development Xxxxx such as mobilisation and demobilisation of platforms and drilling equipment, drilling contracts and hire of platforms and drilling equipment, labour for platform facilities and infrastructure, fuel, water, drivers, drill bits, drilling tubes, hire of equipment, production test equipment, Christmas tree for production and mud tests and components, chemical products, hire costs (of helicopters, lighters, boats, tugs, etc.), transport, warehousing facilities, accommodation, technical services for mud control, Well location geology, directional drilling of Xxxxx, diving service, production and evaluation test, culmination and supervision; (d) the acquisition or purchase costs of goods and services such as transport costs, operating costs, verification of equipment, costs of on site installation, maintenance costs and fuel costs; (e) general services (electrical registers, vertical seismic profile [VSP], mud control, sample collection, Well geology tests, hardening, production test, supervision and similar costs), delineation services, all leasing of heavy engineering machinery and other expenses incurred abroad; (f) materials, reconstruction of access roads and other types of roads and other intangible goods for construction, public services and construction support; and (g) other Exploration Costs, Appraisal costs, auxiliary or temporary installations with a working life of less than one (1) Year.

INTANGIBLE CAPITAL COSTS. The intangible capital costs will be the ongoing costs incurred in the purchase of movable goods and services directly related to Oil Operations and will be recognised as expenses at the moment they are incurred. These costs/expenses will include the following:77 (a) the costs of aeromagneticaerial magnetic, airborne gravimetryaerial gravimetric, topographicaltopographic, geological, geophysical and geochemical studiessurveys, costs of interpretation interpreting and reinterpretation of reinterpreting technical datadata costs, labour required for exploration Exploration labor and similar costs:; (b) drilling costs of drilling Exploration Xxxxx and Evaluation Appraisal Xxxxx: all costs of services provided to drill Development rendered for drilling Exploration and Evaluation xxxxxAppraisal Xxxxx, chemical products, leasing rental costs (of for helicopters, lightersflatbeds, boatsships, tugs tow barges, etc.)) transportation, transport, warehousing storage facilities, accommodation, technical services for mud control, Well geology, controlled directional drilling of XxxxxWell drilling, diving servicedivers, mud control, Well well geology teststesting, hardening cementing and related similar costs; (c) drilling costs of drilling Development Xxxxx Xxxxx, such as mobilisation rig and demobilisation of platforms platform mobilization and drilling equipmentdemobilization, rig and platform drilling contracts and hire of platforms leases, platform and drilling equipment, labour for platform facilities and infrastructureinfrastructure installations labor, fuel, water, driversconductors, drill bits, drilling tubesdrill pipe, hire of equipmentequipment rental, production test testing equipment, Christmas tree for production testing, mud and mud tests and its components, chemical products, hire rental costs (of for helicopters, lightersflatbeds, boatsships, tugstow barges, etc.), transporttransportation, warehousing storage facilities, accommodation, technical services for mud control, Well location placement geology, directional drilling of XxxxxWells, diving servicedivers, production and evaluation testappraisal tests, culmination completion and supervision; (d) the costs of acquisition or purchase costs of goods and services such as transport transportation costs, operating operation costs, verification of equipmentequipment checks, costs of on on-site installation, maintenance costs and fuel costs; (e) general services (electrical registerselectric logs, vertical seismic profile [(VSP]), mud control, sample collectioncore sampling, Well geology tests, hardeningcementing, production testtests, supervision and similar costs), delineation services, all leasing of any heavy engineering machinery leasing, and other expenses incurred abroad; (f) materials, reconstruction of access roads and other types of roads roads, and other intangible goods for construction, public services and construction support; and (g) other Exploration Costs, auxiliary support or temporary installations facilities with a working useful life of less than one (1) Year.