Common use of Production Bonuses Clause in Contracts

Production Bonuses. 23.1 The Working Interest Owners, other than the GHPL/ (if applicable), shall pay THE PRESIDENT on an Area basis, the following production bonuses: CUMULATIVE PRODUCTION (MMBOE) AMOUNT (US$) At the start of Commercial Production 600,000 30 1,200,000 60 2,000,000 80 5,000,000 100 7,000,000 For avoidance of doubt, the production obtained during EWT period will be treated as a part of cumulative production for the purpose of determining production bonuses as stipulated in the rules.

Production Bonuses. 23.1 The Working Interest Owners, other than the GHPL/ GHPL/PHC (if applicable), shall pay THE PRESIDENT on an Area basis, the following production bonuses: CUMULATIVE PRODUCTION (MMBOE) AMOUNT (US$) At the start of Commercial Production 600,000 30 1,200,000 60 2,000,000 80 5,000,000 100 7,000,000 For avoidance of doubt, the production obtained during EWT and/or ECP period will be treated as a part of cumulative production for the purpose of determining production bonuses as stipulated in the rules.

Production Bonuses. 23.1 The Working Interest Owners, other than the GHPL/ GHPL/PHC (if applicable), shall pay THE PRESIDENT on an Area basis, the following production bonuses: CUMULATIVE PRODUCTION (MMBOE) AMOUNT (US$) At the start of Commercial Production 600,000 30 1,200,000 60 2,000,000 80 5,000,000 100 7,000,000 For avoidance of doubt, the production obtained during EWT period will be treated as a part of cumulative production for the purpose of determining production bonuses as stipulated in the rules.