Total Well Construction and Completion Costs

Total Well Construction and Completion Costs. Means the actual charges allocated to IOGW's Working Interest in the Project Well. in connection with the drilling and completing of a Project Well. Such costs shall include without limitations all equipment for which one hundred percent (100%) of the costs of such equipment are allocable to a single Project Well; provided, however, that no portion of Total Well Construction and Completion Costs shall ever duplicate... amounts that have been included in the Production Costs or Recompletion Costs for that same well. For purposes of calculating Schlumberger's Percentage in the First Bundle, the Total Well Construction and Completion Costs shall be calculated as the total of Schlumberger's Expenditures and the Well Costs Excluding Completion Costs set out in Exhibit I, each attributable to the applicable Evaluation Well. View More