COST RECOVERY STATEMENT. 8.1. The Contractor shall prepare with respect to each Calendar Quarter a Cost Recovery Statement containing the following information: (a) Recoverable Contract Costs carried forward from the previous Calendar Quarter, if any. (b) Recoverable Contract Costs for the Calendar Quarter in question. (c) Total Recoverable Contract Costs, which is that cost at sub-section 8.1 (a) plus that cost at Section 8.1 (b). (d) Quantity and value of Cost Oil taken and disposed of by the Contractor for the Calendar Quarter in question. (e) Contract Costs recovered for the Calendar Quarter in question. (f) Total cumulative amount of Contract Costs to be carried forward into the next Calendar Quarter. 8.2. The information to be submitted under Section 8.1 (d) and (e) above shall be given in separate statements for each Field, so as to indicate together, the Contractor's total allocation of Cost Oil as required under Article 36 of the Agreement. 8.3. The Cost Recovery Statement to be submitted under Section 8.1 shall identify the unrecovered cost of assets for the purpose of Article 24 of the Agreement.
Appears in 3 contracts
Sources: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
COST RECOVERY STATEMENT. 8.1. The Contractor shall prepare with respect to each Calendar Quarter a Cost Recovery Statement containing the following information:
(a) Recoverable Contract Costs carried forward from the previous Calendar Quarter, if any.
(b) Recoverable Contract Costs for the Calendar Quarter in question.
(c) Total Recoverable Contract Costs, which is that cost at sub-section 8.1 (a) plus that cost at Section 8.1 (b).
(d) Quantity and value of Cost Oil taken and disposed of by the Contractor for the Calendar Quarter in question.
(e) Contract Costs recovered for the Calendar Quarter in question.
(f) Total cumulative amount of Contract Costs to be carried forward into the next Calendar Quarter.
8.2. The information to be submitted under Section 8.1 (d) and (e) above shall be given in separate statements for each Field, so as to indicate together, the Contractor's total allocation of Cost Oil as required under Article 36 37 of the Agreement.
8.3. The Cost Recovery Statement to be submitted under Section 8.1 shall identify the unrecovered cost of assets for the purpose of Article 24 25 of the Agreement.
Appears in 2 contracts
Sources: Production Sharing Agreement, Production Sharing Agreement