Frequency. The Contractor shall keep a permanent inventory in both quantity and value of all property used in Petroleum Operations and he shall, with reasonable frequency, and not less than once a year, proceed to take a physical inventory as required by the Parties.
Appears in 11 contracts
Sources: Exploration and Production Contract (Kosmos Energy Ltd.), Exploration and Production Contract, Exploration and Production Contract (Kosmos Energy Ltd.)
Frequency. The Contractor shall keep a permanent inventory in both quantity of quantities and value values of all property assets used in for the Petroleum Operations and he shalland, with at reasonable frequencyintervals, and not less than once a year, proceed to take a shall carry out physical inventory inventories as required by the PartiesParties in accordance with the Best Industry Practice in the international petroleum industry.
Appears in 6 contracts
Sources: Hydrocarbons Production Sharing Agreement, Production Sharing Agreement (Kosmos Energy Ltd.), Production Sharing Agreement (Kosmos Energy Ltd.)
Frequency. The Contractor shall keep a permanent and cost inventory in both quantity and value of all property the goods used in Petroleum for the Oil Operations and he shallshall conduct at reasonable intervals, with reasonable frequency, and not less than at least once a per year, proceed to take a physical inventory inventories as required by the Parties.
Appears in 4 contracts
Sources: Hydrocarbon Exploration and Production Sharing Contract, Hydrocarbon Exploration and Production Sharing Contract (Kosmos Energy Ltd.), Hydrocarbon Exploration and Production Sharing Contract (Kosmos Energy Ltd.)
Frequency. The Contractor shall keep a permanent inventory of all materials used in the Petroleum Operations both in quantity and value of all property used in Petroleum Operations and he shallshall proceed at reasonable intervals, with reasonable frequency, and not less than at least once a year, proceed to take a with such physical inventory inventories as may be required by the Parties.
Appears in 1 contract
Sources: Exploration Production Contract (Kosmos Energy Ltd.)
Frequency. The Contractor shall keep a permanent and cost inventory in both quantity and value of all property the goods used in Petroleum for the Oil Operations and he shall, with shall conduct at reasonable frequency, and not less than intervals at least once a per year, proceed to take a physical inventory inventories as required by the Parties.
Appears in 1 contract
Sources: Contract for Research and Hydrocarbon Production Sharing