Common use of Production Sharing Clause in Contracts

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.

Appears in 2 contracts

Sources: Production Sharing Contract, Production Sharing Contract