Common use of PRODUCTION STATEMENT Clause in Contracts

PRODUCTION STATEMENT. After production begins, a monthly production statement shall be submitted within no more than fifteen (15) days after the end of each month. For each month, it shall present details of the production of each Field, and especially the quantities of Hydrocarbons: a) in stock at the beginning of the month; b) lifted during the month; c) lost and used for the needs of the Petroleum Operations; d) in stock at the end of the month. Attached to and forming an integral part of this Agreement between the Republic of Côte d’Ivoire and the Contractor. BANK GUARANTEE This bank guarantee is issued on this (indicate issuance date) ……………… by the company ……………… (indicate name of BANK), a joint-stock company with share capital of …………., registered under number…………, with registered office in ………….., represented herein by Mr ……………. ,………………..(indicate capacity of signer), hereinafter referred to as the “Bank”,