Production Bonuses. The Contractor shall pay to the State by deposit into the National Petroleum Account production bonuses based on attainment of cumulative Production of Petroleum from each Development Area as follows: Cumulative Production (millions of Barrels or Barrels equivalent) Bonus (US$ million) 150 10 350 15
Production Bonuses. 23.1 The Working Interest Owners, other than the GHPL/ (if applicable), shall pay THE PRESIDENT on an Area basis, the following production bonuses: CUMULATIVE PRODUCTION (MMBOE) AMOUNT (US$) At the start of Commercial Production 600,000 30 1,200,000 60 2,000,000 80 5,000,000 100 7,000,000 For avoidance of doubt, the production obtained during EWT period will be treated as a part of cumulative production for the purpose of determining production bonuses as stipulated in the rules.
Production Bonuses. 32.3 In the event of a Crude Oil Commercial Discovery, the CONTRACTOR shall pay the following relevant Crude Oil Production Bonus to the GOVERNMENT within thirty (30) days of the following relevant occurrence:
Production Bonuses. Production Bonuses (if any) shall be charged to the Joint Account if there is no Hydrocarbon production from an Exclusive Operation at the time they are incurred. If there is Hydrocarbon production from one or more Exclusive Operations, then any Production Bonus which becomes payable under the Contract shall be borne by each Exploitation Area in the proportion that its cumulative production of Hydrocarbons bears to the total cumulative production of Hydrocarbons from the Contract Area. The Parties in an Exploitation Area shall bear any Production Bonus allocated to that Exploitation Area in accordance with their Participating Interests in that Exploitation Area as of the date on which liability for the production bonus was incurred. Only types and grades of Hydrocarbons used for the determination of any Production Bonus under the Contract shall be utilized in the calculations in this Article 7.9.
Production Bonuses. The Operator, on behalf of the Participants, shall pay OMNIS the following production bonuses - ……….. US Dollars when the average production reaches boe per day for a period of 90 consecutive days. - ……….. US Dollars when the average production reaches boe per day for a period of 90 consecutive days. - ……….. US Dollars when the average production reaches boe per day for a period of 90 consecutive days. In case of Natural Gas Discovery, the calorific equivalence of the production mentioned above shall be applied.
Production Bonuses. The Concessionaire shall pay the following production bonuses to the Government, which shall not be a recoverable cost for the purposes of Annex “C” of this EPC: Production Bonuses payable in US Dollars At the Commencement of Initial Commercial Production $ ------.00 When production from the EPC Area first reaches 25,000 BOE per day average for a month $ ------.00 When production from the EPC Area first reaches each further tranche of 25,000 BOE per day average for a month $ ------.00 For the purpose of this Article:
Production Bonuses. During each full year of the Employment Term commencing on the Effective Date, Employer shall pay to Employee a bonus equal to 25% of the net profit earned by the Oklahoma Branch during such 12-month period in excess of $400,000 earned by the branch during such period.
Production Bonuses. 24.1 Contractor shall pay the President on a Contract Area basis, the following Production bonuses: Cumulative Production Amount (US$) Within 90 Days of start of Commercial Production 600,000 Upon reaching 60 MMBOE 1,200,000 Upon reaching 120 MMBOE 2,000,000 Upon reaching 160 MMBOE 5,000,000 Upon reaching 200 MMBOE 7,000,000
Production Bonuses. Production bonuses shall be charged to the Joint Account if there is no production of Hydrocarbons from an Exclusive Operation at the time they are incurred. If there is production of Hydrocarbons from one (1) or more Exclusive Operations, then any production bonus which becomes payable under the Concession shall be borne by each Development Lease in the proportion that its average daily production of Hydrocarbons bears to the total average daily production of Hydrocarbons from the Concession Area during the ninety (90) Day period preceding the date on which the liability for the production bonus was incurred. West Xxxxxx XXX 20F The Parties in a Development Lease shall bear the production bonus allocated to that Development Lease in accordance with their Participating Interests in the Development Lease as of the date on which liability for the production bonus was incurred. West Xxxxxx XXX 20F
