Rules for accounting. 5.1.1 According to the provisions of Articles 12.1.1, 12.1.2 and 12.1.3 of the Contract, all development costs and operating costs of the Parties as well as the Contractor's exploration costs shall be recorded in the Joint Account separately. The Operator shall establish and maintain three separate accounts, namely:
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Samples: resourcecontracts.org, Production Sharing Contract (Far East Energy Corp), Production Sharing Contract (Far East Energy Corp)
Rules for accounting. 5.1.1 According to the provisions of Articles 12.1.1, 12.1.2 and 12.1.3 of the Petroleum Contract, all development costs Development Costs and operating costs of the Parties as well as the Contractor's exploration costs Operating Costs incurred shall be recorded in the Joint Account separately. The Operator shall establish and maintain three two separate accounts, namely:
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