Operating Account. Subject to the provisions of the Contract and these Accounting Procedures, Contractor shall charge the Operating Account with Petroleum Costs and Remuneration. Pursuant to Article 19, Petroleum Costs shall start be charged as from the Effective Date, while Remuneration shall start to be charged as from the Eligibility Date. Remuneration shall be computed pursuant to Article 19 of the Contract and charged accordingly to the Operating Account. Petroleum Costs shall be prepared on a cash basis and shall include, but not be limited to, the following items:
Appears in 4 contracts
Samples: Development and Production Contract, Development and Production Contract, Development and Production Contract
Operating Account. Subject to the provisions of the Contract and these Accounting Procedures, Contractor shall charge the Operating Account with Petroleum Costs and Remuneration. Pursuant to Article 19, Petroleum Costs shall start be charged as from the Effective Date, while Remuneration shall start to be charged as from the Eligibility DateDate referenced in Article 19.5 (a). Remuneration shall be computed pursuant to Article 19 of the Contract and charged accordingly to the Operating Account. Petroleum Costs shall be prepared on a cash basis and shall include, but not be limited to, the following items:
Appears in 2 contracts
Samples: Exploration, Development and Production Contract, Exploration, Development and Production Contract
Operating Account. Subject to the provisions of the Contract and these Accounting Procedures, Contractor shall charge the Operating Account with Petroleum Costs, Supplementary Costs and Remuneration. Pursuant to Article 19, 19 of Petroleum Costs and Supplementary Costs shall start be being charged as from the Effective Date, while Remuneration shall start to be being charged as from the Eligibility DateFirst Commercial Production. Remuneration shall be computed pursuant to Article 19 of the Contract and charged accordingly to the Operating Account. Petroleum Costs shall be prepared on a cash basis and shall include, but not be limited to, the following items:
Appears in 2 contracts
Samples: Development and Production Service Contract, Development and Production Service Contract
Operating Account. Subject to the provisions of the Contract and these Accounting Procedures, Contractor shall charge the Operating Account with Petroleum Costs, Supplementary Costs and Remuneration. Pursuant to Article 19, 19 of Petroleum Costs and Supplementary Costs shall start be being charged as from the Effective Date, while Remuneration shall start to be being charged as from the Eligibility Dateachievement of First Commercial Production. Remuneration shall be computed pursuant to Article 19 of the Contract and charged accordingly to the Operating Account. Petroleum Costs shall be prepared on a cash basis and shall include, but not be limited to, the following items:
Appears in 1 contract
