non-capital costs definition
non-capital costs means the non-capital costs (as defined in the Code), but excluding alternative option costs, to be incurred by Western Power with regards to works.
non-capital costs means the non-capital costs (as defined in the Code), but excluding
non-capital costs means those operating costs incurred that relate directly to the current calendar year's operations in the contract area, excluding exploration costs and capital costs. Non-capital costs include, but are not limited to the following:
(a) costs of labor, materials and services used in day to day well operations, field production facilities operations, secondary recovery operations, storage handling, transportation and delivery operations, gas processing auxiliaries and utilities, and other operating activities, including repairs and maintenance;
(b) costs of office, services and general administration directly related to the petroleum operations carried out in the contract area including technical and related services, office supplies, office rentals and other rentals of services and property, and personnel expenses;
(c) costs of production drilling in the contract area including labor, materials and services used in drilling ▇▇▇▇▇ with the object of penetrating a proven reservoir such as the drilling of delineation ▇▇▇▇▇ as well as redrilling, deepening or recompleting ▇▇▇▇▇;
(d) costs of feasibility studies and environmental impact assessments directly related to petroleum operations in the contract area;
(e) application fees, contract service fees, and registration fees directly related to petroleum operations in the contract area;
(f) premiums paid for insurance normally required to be carried for the petroleum operations carried out by the contract operator under this contract;
(g) closing down costs, being those expenditures incurred at the end of the production life of a petroleum pool in the contract area which could include the costs of:
(i) removal of all production facilities including the removal of platforms and associated facilities;
(ii) environmental restoration including any feasibility studies; and
(h) costs of purchased geological and geophysical information.
More Definitions of non-capital costs
non-capital costs means those operating costs incurred that relate directly to the current calendar year’s operations in the contract area, excluding exploration costs and capital costs. Non-capital costs include, but are not limited to the following:
non-capital costs means all Operating Costs incurred by the Joint Venture pursuant to this JOA that are NOT "Capital Costs" as defined elsewhere herein and are subject to definition and treatment as defined in the PSC and the PSC Accounting Procedure, Section-2.2;
non-capital costs means those operating costs incurred that relate directly to the current calendar year’s activities in the contract area, excluding exploration costs and capital costs. Non- capital costs include, but are not limited to the following:
(a) costs of labor, materials and services used in day to day well activities, field production facilities activities, secondary recovery activities, storage handling, transportation and delivery activities, gas processing auxiliaries and utilities, and other operating activities, including repairs and maintenance;
(b) costs of office, services and general administration directly related to the petroleum activities carried out in the contract area including technical and related services, office supplies, office rentals and other rentals of services and property, and personnel expenses;
(c) costs of production drilling in the contract area including labor, materials and services used in drilling ▇▇▇▇▇ with the object of penetrating a proven reservoir such as the drilling of delineation ▇▇▇▇▇ as well as redrilling, deepening or recompleting ▇▇▇▇▇;
(d) costs of feasibility studies and environmental impact assessments directly related to petroleum activities in the contract area;
(e) application fees, contract service fees, and registration fees directly related to petroleum activities in the contract area;
(f) premiums paid for insurance normally required to be carried for the petroleum activities carried out by the contract operator under this contract;
(g) closing down costs, being those expenditures incurred at the end of the production life of a petroleum pool in the contract area which could include the costs of:
(i) removal of all production facilities including the removal of platforms and associated facilities;
(ii) environmental restoration including any feasibility studies; and
(h) costs of purchased geological and geophysical information. CAPITAL COSTS
non-capital costs. Means those expenditures incurred for the performance of the Operating Services, established as such according to Clause 18 hereunder, provided that any such Non- Capital Costs have been incurred after the Production Date and are included in the approved Budget or have been approved in writing by THE AFFILIATE.
non-capital costs has the meaning ascribed to in paragraph-19 of this JV Accounting Procedure;