Common use of Quarterly Statement Clause in Contracts

Quarterly Statement. The Contractor shall prepare a Quarterly Petroleum Operations Costs statement showing those Petroleum Operations Costs incurred by the Contractor with respect to the Contract Area, as provided under this Accounting Procedure. Any Development and Production Costs shall be separately identified for each Commercial Field, if such is the case, and the Contractor shall specify the basis of allocation of shared costs. If the Ministry is not satisfied with the itemization shown within the categories, the Contractor shall provide a more detailed breakdown. Any Exploration Costs shall be shown separately. The Petroleum Operations Costs statement for each Quarter shall be submitted to the Ministry no later than a period of thirty (30) days after the end of each Quarter.

Quarterly Statement. The Contractor shall prepare a Quarterly Petroleum Operations Costs statement showing those Petroleum Operations Costs incurred by the Contractor with respect to the Contract Area, as provided under this Accounting Procedure. Any Development and Production Costs shall be separately identified for each Commercial Field, if such is the case, and the Contractor shall specify the basis of 83 allocation of shared costs. If the Ministry is not satisfied with the itemization shown within the categories, the Contractor shall provide a more detailed breakdown. Any Exploration Costs shall be shown separately. The Petroleum Operations Costs statement for each Quarter shall be submitted to the Ministry no later than a period of thirty (30) days after the end of each Quarter.

Quarterly Statement. The Contractor shall will prepare a Quarterly Petroleum statement of thePetroleum Operations Costs statement showing those listing the Petroleum Operations Costs incurred by the Contractor with respect to the Contract Area, as provided under established in this Accounting Procedure. Any Each Development Cost and Production Costs shall Cost will be separately identified broken down for each Commercial Field, if such is the caserelevant, and the Contractor shall will specify the basis of allocation of for allocating shared costs. If the Ministry is not satisfied with the itemization shown breakdown indicated within the categories, the Contractor shall will provide a more detailed breakdown. Any All Exploration Costs shall must be shown indicated separately. The statement of costs of Petroleum Operations Costs statement for each Quarter shall will be submitted presented to the Ministry no later than a period of thirty (30) days after the end of each the said Quarter.

Quarterly Statement. The Contractor shall prepare a Quarterly Petroleum Operations Costs statement showing those Petroleum Operations Costs incurred by the Contractor with respect to the Contract Area, as provided under this Accounting Procedure. Any Development and Production Costs shall be separately identified for each Commercial Field, if such is the case, and the Contractor shall specify the basis of 84 allocation of shared costs. If the Ministry is not satisfied with the itemization shown within the categories, the Contractor shall provide a more detailed breakdown. Any Exploration Costs shall be shown separately. The Petroleum Operations Costs statement for each Quarter shall be submitted to the Ministry no later than a period of thirty (30) days after the end of each Quarter.