Common use of CLASSIFICATION AND ALLOTMENT OF COSTS AND EXPENDITURE Clause in Contracts

CLASSIFICATION AND ALLOTMENT OF COSTS AND EXPENDITURE. ‌ 32.4.1 Expenditure relating to Petroleum Operations shall be classified, as follows: a) Exploration Expenditure; b) Development Expenditure; c) Production Expenditure; d) Service Costs; and e) General and Administrative expenses

CLASSIFICATION AND ALLOTMENT OF COSTS AND EXPENDITURE. ‌ 32.4.1 Expenditure 2.1 All expenditure relating to Petroleum Operations shall be classified, as follows: a) Exploration Expenditure; b) Development Expenditure; c) Production Expenditure; d) Service Costs; and e) General and Administrative expensesExpenses and shall he defined and allocated as herein below provided.