Examples of Development Work Program and Budget in a sentence
Thereafter, no later than 1 October in each Calendar Year, the CONTRACTOR shall submit to the Management Committee updates in respect of its Development Work Program and Budget.
Operating Costs are, in respect of a Development Area and after the commencement of Commercial Production from it, those costs of an operating nature which directly relate to its Development, or to the Production of Petroleum therefrom, and are incurred in respect of activities carried out substantially in accordance with an approved Development Work Program and Budget, but without prejudice to Article 5.3 of the Contract.