Petroleum Costs means those expenditures made and obligations incurred by the Contractor in carrying out Petroleum Operations hereunder, determined in accordance with this Contract and the Accounting Procedure attached hereto in Appendix "B" and made a part hereof;
Petroleum Costs means costs incurred by the CONTRACTOR and by the STATE, if applicable, for the performance of Petroleum Operations pursuant to this Contract and to the Accounting Procedure.
Petroleum Costs means recoverable costs and expenditures incurred and payments made by Contractor and/or Operator in connection with or in relation to the conduct of Petroleum Operations (except corporate income taxes paid in the Republic of Iraq or elsewhere, or as otherwise stipulated herein) determined in accordance with the provisions of this Contract and the Accounting Procedures.
Examples of Petroleum Costs in a sentence
The Contractor shall be entitled to recover the Petroleum Costs incurred and paid by the Contractor pursuant to the provisions of the Agreement and duly entered in the Contractor's books of accounts, by taking and separately disposing of an amount equal in value to a maximum of [70%] of Crude Oil and [80%] of Natural Gas produced from the Contract Area during that Fiscal Year and not used in Petroleum Operations after the payment of all royalties due to the government.
More Definitions of Petroleum Costs
Petroleum Costs means expenditure made and obligations incurred and paid by the contractor in carrying out upstream petroleum operations hereunder, determined in accordance with the accounting procedure attached hereto in Appendix “B” and made a part hereof;
Petroleum Costs means costs and expenses incurred by the Parties and allowed to be recovered pursuant to the Contract.
Petroleum Costs means all expenditures incurred by a Contractor in conducting Petroleum Operations and which are defined in a Petroleum Agreement.
Petroleum Costs means all expenditures made and costs incurred, both within and outside Ghana, in conducting Petroleum Operations hereunder determined in accordance with the Accounting Guide attached hereto as Annex 2;
Petroleum Costs means all expenditures incurred by Contractor in the conduct of Petroleum Operations under this Agreement and as defined in Chapter 7.
Petroleum Costs means all expenditures incurred by the parties to a Contract that such parties are entitled to recover in accordance with the relevant Contract;
Petroleum Costs means all costs and expenses incurred in carrying out the Petroleum Operations under this Contract.