Principles of Classification. The Hydrocarbons Costs shall be classified in accordance with the purpose for which such expenditures are made, and under the categories defined in this Article 2. Such classification shall be used in each Work Programme and Budget. The records shall be maintained in such a way as to enable proper allocation to each Field with respect to each Exploitation Area.
Appears in 4 contracts
Samples: Exploration and Production Sharing Contract, Exploration and Production Sharing Contract, Model Exploration and Production Sharing Contract
Principles of Classification. The Hydrocarbons Costs shall be classified in accordance with the purpose purposes for which such expenditures are made, and under the categories defined in this Article 2. Such classification shall be used in each Annual Work Programme and Budget. The records shall be maintained in such a way as to enable proper allocation to each Field with respect to each Exploitation Area.
Appears in 1 contract
Samples: Production Sharing Contract
