CALCULATION OF THE GROSS PRODUCTION VALUE. Gross Production Value The Gross Production Value, based on which the Profit Oil shall be defined, shall be calculated for the Field or, when applicable, for each Development Module, according to the following formula: Where,
Appears in 5 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
CALCULATION OF THE GROSS PRODUCTION VALUE. Gross Production Value The Gross Production Value, based on which the Profit Oil shall be defined, shall be calculated for the Field or, when applicable, for each Module of the Development Module, Phase according to the following formula: Where,where:
Appears in 4 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
