Production Sharing. (1) The remaining ----- ------- percent (---%) of Petroleum shall be divided between EGPC and CONTRACTOR based on Xxxxx xxxxx and according to the following shares: Such shares shall be taken and disposed of pursuant to Article VII (e) .
Production Sharing. The Compensation Oil shall be shared between the STATE and the CONTRACTOR as a function of the value of the "R" factor defined hereafter: Values of « R » Profit Oil Sharing STATE Share CONTRACTOR Share For the application of this Article, for a given Calendar Year, "R" refers to the ratio of "Net Cumulative Revenue" over "Cumulative Investments" calculated at the close of the preceding Calendar Year, where :
Production Sharing. 6.1 All Crude Oil/LPG/Condensate and Natural Gas produced and saved from the Contract Area and not used in the Petroleum Operations (hereinafter referred to as "Available Oil" or "Available Gas") shall be measured at the applicable Measurement Point and allocated as set forth hereinafter. Test or experimental production shall require approval in accordance with the Rules and all Available Oil and all Available Gas produced therefrom shall be allocated as set forth herein.
Production Sharing. 6.2.1 The quantity of produced Hydrocarbons remaining after the Contractor has taken from the Available Hydrocarbons the portion permitted under Article
Production Sharing. 1. The total Crude Oil produced and saved in a Quarter from each Commercial Discovery and its Development Area and not used in Petroleum Operations less the Cost Recovery Crude Oil from the same Development Area, as provided in Article 11, shall be referred to as “Development Area Profit Oil” or “Profit Oil” and shall be shared between Sonangol and Contractor Group according to the after tax, nominal rate of return achieved at the end of the preceding Quarter by Contractor Group in the corresponding Development Area as follows: Contractor Group's rate of return for each Development Area (% per annum) Sonangol Share - % Contractor Group Share - % Less than to less than to less than to less than or more
Production Sharing. 13.1 After the cost recovery specified in paragraph 12.2, the following Government/Licensee split will apply on the remaining total daily production (Profit Oil).
Production Sharing. 8.2.1 From the first day of production and as and when Hydrocarbons are being produced, the Contractor shall be entitled to take a percentage share of Profit Oil and/or Profit Gas, in consideration for its investment in the Hydrocarbons Operations, which percentage share shall be determined in accordance with Article 8.2.4.
Production Sharing. The Compensation Oil shall be shared between the STATE and the CONTRACTOR as a function of the value of the “R” factor defined hereafter: Value « R » STATE Share, % CONTRACTOR Share, % Less than 0.25 15 85 From 0.25 to 0.50 20 80 From 0.50 to 1.00 25 75 From 1.00 to 1.50 40 60 From 1.50 to 2.00 45 55 From 2.00 to 2.50 50 50 More than 2.50 65 35 For the application of this article, for a given Calendar Year, “R” refers to the ratio of “Net Cumulative Revenue” over “Cumulative Investments” calculated at the close of the preceding Calendar Year, where :
Production Sharing. In any Month where Contractor is recovering costs and expenses under Article 14.4 of this Contract, the Petroleum remaining after Cost Recovery, including any portion of Cost Recovery Petroleum not required to cover costs (hereinafter referred to as "Profit Petroleum") shall be allocated between Petrobangla and Contractor in the proportions as shown in Table 14.6; based on total average daily Production over the Month.
Production Sharing. (1) The remaining ----------- percent (----- %) of the Petroleum shall be divided quarterly between EGAS and the CONTRACTOR based on Xxxxx value and according to the following shares.
