Itemization of Expenditures. (A) During the preparation of the proposed Work Programs and Budgets and Development Plans contemplated in this Article VI, Operator shall consult with the Operating Committee or the appropriate subcommittees regarding the contents of such Work Programs and Budgets and Development Plans. (B) Each Work Program and Budget and Development Plan submitted by Operator shall contain an itemized estimate of the costs of Joint Operations and all other expenditures to be made for the Joint Account during the Calendar Year in question and shall, inter alia: (1) identify each work category in sufficient detail to afford the ready identification of the nature, scope and duration of the activity in question; (2) include such reasonable information regarding Operator’s allocation procedures and estimated manpower costs as the Operating Committee may determine; (3) comply with the requirements of the Contract; and (4) contain an estimate of funds to be expended by Calendar Quarter. (C) The Work Program and Budget shall designate the portion or portions of the Contract Area in which Joint Operations itemized in such Work Program and Budget are to be conducted and shall specify the kind and extent of such operations in such detail as the Operating Committee may deem suitable.
Appears in 3 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.), Joint Operating Agreement
Itemization of Expenditures. (A) During the preparation of the proposed Work Programs and Budgets and Development Plans contemplated in this Article VI, Operator shall consult with the Operating Committee or the appropriate subcommittees regarding the contents of such Work Programs and Budgets and Development Plans.
(B) Each Work Program and Budget and Development Plan submitted by Operator shall contain an at itemized estimate of the costs of Joint Operations and all other expenditures to be made for the Joint Account during the Calendar Year in question and shall, inter alia:
(1) identify each work category in sufficient detail to afford the ready identification of the nature, scope and duration of the activity in question;
(2) include such reasonable information regarding Operator’s allocation procedures and estimated manpower costs as the Operating Committee may determine;
(3) comply with the requirements of the Contract; and
(4) contain an estimate of funds to be expended by Calendar Quarter.
(C) The Work Program and Budget shall designate the portion or portions of the Contract Area in which Joint Operations itemized in such Work Program and Budget are to be conducted and shall specify the kind and extent of such operations in such detail as the Operating Committee may deem suitable.
Appears in 2 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)
Itemization of Expenditures. (A) During the preparation of the proposed Work Programs Programmes and Budgets and Development Plans contemplated in this Article VI6, Operator shall consult with the Operating Committee or the appropriate subcommittees regarding the contents of such Work Programs Programmes and Budgets and Development Plans.
(B) Each Work Program Programme and Budget and Development Plan submitted by the Operator shall contain an itemized estimate of the costs of Joint Operations and all other expenditures to be made for the Joint Account during the Calendar Year in question and shall, inter alia:
(1) identify each work category in sufficient detail to afford the ready identification of the nature, scope and duration of the activity in question;
(2) include such reasonable information regarding the Operator’s allocation procedures and estimated manpower costs as the Operating Committee may determine;
(3) comply with the requirements of the ContractLicence; and
(4) contain an estimate of funds to be expended by Calendar Quarter.
(C) The Work Program Programme and Budget shall designate the portion or portions of the Contract Area in which Joint Operations itemized in such Work Program Programme and Budget are to be conducted and shall specify the kind and extent of such operations in such detail as the Operating Committee may deem suitable.
Appears in 1 contract
Samples: Joint Operating Agreement