Contractual Value of Crude Oil in Period t Sample Clauses

Contractual Value of Crude Oil in Period t. 𝑉𝐶𝑃,𝑡 = 𝑃𝐶𝑃,𝑡 ∗ 𝑉𝑃𝑃,𝑡 Where: 𝑉𝐶𝑃,𝑡 = Contractual Value of Crude Oil in Period t. 𝑃𝐶𝑃,𝑡 = Contractual Price of Crude Oil in Period t: The price of crude oil produced in the Contract Area, in Dollars per Barrel, determined each Period at the Measurement Point, in accordance with mechanisms provided in the Contract. 𝑉𝑃𝑃,𝑡 = Volume of supervised Crude Oil Production in Period 𝑡.
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Contractual Value of Crude Oil in Period t. = , ∗ , Where: , = Contractual Value of Crude Oil in Period t. , = Contractual Price of Crude Oil in Period t: The price of crude oil produced in the Contract Area, in Dollars per Barrel, determined each Period at the Measurement Point, in accordance with mechanisms provided in the Contract. , = Volume of supervised Crude Oil Production in Period .

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