Common use of Production Sharing Clause in Contracts

Production Sharing. (1) The remaining ----------- percent (----- %) of all Petroleum produced and saved from the Area hereunder and not used in Petroleum operations shall be divided quarterly between EGAS and the CONTRACTOR based on ▇▇▇▇▇ value and according to the following shares “Production Sharing”. i) Crude Oil and Condensate:

Appears in 1 contract

Sources: Concession Agreement

Production Sharing. (1) The remaining ----------- percent (----- %) of all the Petroleum produced and saved from the Area hereunder and not used in Petroleum operations shall be divided quarterly between EGAS and the CONTRACTOR based on ▇▇▇▇▇ value and according to the following shares “Production Sharing”shares. i) Crude Oil and Condensate:

Appears in 1 contract

Sources: Concession Agreement

Production Sharing. (1) The remaining ----------- percent (----- ( %) of all Petroleum produced and saved from the Area hereunder and not used in Petroleum operations shall be divided quarterly between EGAS and the CONTRACTOR based on ▇▇▇▇▇ value and according to the following shares (“Production Sharing”). i) Crude Oil and Condensate:

Appears in 1 contract

Sources: Concession Agreement