National Database of the Ministry of Mines and Hydrocarbons Clause Samples

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National Database of the Ministry of Mines and Hydrocarbons. The Contractor shall transfer to the Ministry one hundred thousand Dollars ($100,000) per Calendar Year during the Exploration Period and shall transfer to the Ministry three hundred thousand Dollars ($300,000) per Calendar Year during the Development and Production Period, and provide other reasonable non-monetary assistance as may be requested by the Ministry from time to time with the implementation and development of the a data base of seismic and well data in the petroleum industry of Equatorial Guinea and in accordance with the Hydrocarbons Law. The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract.
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