Common use of Consumption in the Operations Clause in Contracts

Consumption in the Operations. The Consortium Members may use as fuel, in the Operations, Oil and Gas produced in the Contract Area, provided that in quantities authorized by ANP. The Consortium Members shall inform ANP, upon substantiated notice, any variation over fifteen percent (15%), with respect to the Annual Production Program, in the quantity of Oil and Gas consumed in the Operations, as well as the purpose of its use. The Consortium Members shall include such information in the Monthly Production Reports. The volumes of Oil and Gas consumed in the Operations shall be calculated for purposes of calculation of the Royalties provided for in Section Six.

Appears in 5 contracts

Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement

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Consumption in the Operations. The Consortium Members may use as fuel, in the Operations, Oil and Gas produced in the Contract Area, provided that in quantities authorized by ANP. The Consortium Members shall inform ANP, upon substantiated notice, any variation over fifteen percent (15%), with respect to the Annual Production Program, in the quantity of Oil and Gas consumed in the Operations, as well as the purpose of its use. The Consortium Members shall include such information in the Monthly Production Reports. The volumes of Oil and Natural Gas consumed in the Operations shall will be calculated computed for purposes the purpose of calculation of calculating the Royalties provided for referred to in Section Six.

Appears in 1 contract

Samples: Consortium Agreement

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