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Common use of Quarterly Statement Clause in Contracts

Quarterly Statement. The Contractor shall prepare with respect to each Quarter a Statement of Expenditure and Receipts. The Statement will distinguish between Exploration, Appraisal, Capital and Operating Costs and will identify major items within these categories. The Statement will show the following: (a) actual expenditures and receipts for the Quarter in question; (b) cumulative expenditure and receipts for the Calendar Year in question; (c) latest forecast cumulative expenditures at the Calendar Year end; (d) variations between budget forecast and latest forecast and explanations thereof. The Statement of Expenditure and Receipts of each Quarter shall be submitted to the Designated Authority no later than fifteen (15) days after the end of such Quarter.

Appears in 5 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

Quarterly Statement. The Contractor Operator shall prepare with respect to each Quarter a Statement of Expenditure and Receipts. The Statement statement will distinguish between Exploration, Appraisal, Capital and Operating Costs and will identify major items within these categories. The Statement statement will show the following: (a) actual expenditures and receipts for the Quarter in question; (b) cumulative expenditure and receipts for the Calendar Calender Year in question; (c) latest forecast cumulative expenditures at the Calendar Calender Year end; (d) variations between budget forecast and latest forecast and explanations thereof. The Statement of Expenditure and Receipts of each Quarter shall be submitted to the Designated Authority Ministry no later than fifteen (15) days after the end of such Quarter.

Appears in 4 contracts

Samples: Offshore Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

Quarterly Statement. The Contractor shall prepare with respect to each Quarter a Statement of Expenditure and Receipts. The Statement will distinguish between Exploration, Appraisal, Capital and Operating Costs and will identify major items within these categories. The Statement will show the following: (a) actual expenditures and receipts for the Quarter in question; (b) cumulative expenditure and receipts for the Calendar Year in question; (c) latest forecast cumulative expenditures at the Calendar Year end; (d) variations between budget forecast and latest forecast and explanations thereof. The Statement of Expenditure and Receipts of each Quarter shall be submitted to the Designated Authority no later than fifteen (15) days after the end of such Quarter.

Appears in 4 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

Quarterly Statement. The Contractor Operator shall prepare with respect to each Quarter a Statement of Expenditure and Receipts. The Statement statement will distinguish between Exploration, Appraisal, Capital and Operating Costs and will identify major items within these categories. The Statement statement will show the following: (a) actual Actual expenditures and receipts for the Quarter in question; (b) cumulative Cumulative expenditure and receipts for the Calendar Year in question; (c) latest Latest forecast cumulative expenditures at the Calendar Year end; (d) variations Variations between budget forecast and latest forecast and explanations thereof. The Statement of Expenditure and Receipts of each Quarter shall be submitted to the Designated Authority Ministry no later than fifteen (15) days after the end of such Quarter.

Appears in 2 contracts

Samples: Production Sharing Contract, Production Sharing Contract

Quarterly Statement. The Contractor Operator shall prepare with respect to each Quarter a Statement of Expenditure and Receipts. The Statement statement will distinguish between Exploration, Appraisal, Capital and Operating Costs and will identify major items within these categories. The Statement statement will show the following: (a) actual expenditures and receipts for the Quarter in question; (b) cumulative expenditure and receipts for the Calendar Calender Year in question; (c) latest forecast cumulative expenditures at the Calendar Calender Year end; (d) variations between budget forecast and latest forecast and explanations thereof. The Statement of Expenditure and Receipts of each Quarter shall be submitted to the Designated Authority ANP no later than fifteen (15) days after the end of such Quarter.

Appears in 1 contract

Samples: Production Sharing Contract

Quarterly Statement. The Contractor Operator shall prepare with respect to each Quarter a Statement of Expenditure and Receipts. The Statement statement will distinguish between Exploration, Appraisal, Capital and Operating Costs and will identify major items within these categories. The Statement statement will show the following: (a) actual Actual expenditures and receipts for the Quarter in question; (b) cumulative Cumulative expenditure and receipts for the Calendar Year in question; (c) latest Latest forecast cumulative expenditures at the Calendar Year end; (d) variations Variations between budget forecast and latest forecast and explanations thereof. The Statement of Expenditure and Receipts of each Quarter shall be submitted to the Designated Authority ANPM no later than fifteen (15) days Days after the end of such Quarter.

Appears in 1 contract

Samples: Production Sharing Contract

Quarterly Statement. The Contractor Operator shall prepare with respect to each Calendar Quarter a Statement of Expenditure and Receipts. The Statement statement will distinguish between Exploration, Appraisal, Capital and Operating Costs and will identify major items within these categories. The Statement statement will show the following: (a) actual Actual expenditures and receipts for the Calendar Quarter in question; (b) cumulative Cumulative expenditure and receipts for the Calendar Year in question; (c) latest Latest forecast cumulative expenditures at the Calendar Year end; (d) variations Variations between budget forecast and latest forecast and explanations thereof. The Statement of Expenditure and Receipts of each Calendar Quarter shall be submitted to the Designated Authority ANPM no later than fifteen (15) days Days after the end of such Calendar Quarter.

Appears in 1 contract

Samples: Production Sharing Contract