Common use of PRODUCTION STATEMENT Clause in Contracts

PRODUCTION STATEMENT. From the date of first production of Petroleum from the Contract Area the Contractor shall submit a monthly Production Statement to Government showing the following information separately of each producing Field and in aggregate for the Contract Area:

Appears in 8 contracts

Sources: Production Sharing Contract (Geoglobal Resources Inc), Production Sharing Contract (Geoglobal Resources Inc.), Production Sharing Contract (Geoglobal Resources Inc)

PRODUCTION STATEMENT. From the date of first production of Petroleum from the Contract Area Development Area, the Contractor shall submit a monthly Monthly Production Statement to Government showing the following information separately of for each producing Field Development Area and in aggregate for the Contract Area:

Appears in 1 contract

Sources: Production Sharing Contract (Geoglobal Resources Inc.)