4. Current Operating Costs: All non-capital expenses incurred after the commercial Production Day by a Petroleum Industry shall be treated as Current Operating Costs, including the following expenses: (a) Labour, materials and services used directly in day-to-day Petroleum Operations including surveys, development, production treatment, transfer, storage, handling and delivery of Petroleum and repair,  maintenance, and analogous activities. (b) General … Continue reading 4. Current Operating Costs