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:

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: