Common use of PRODUCTION STATEMENT Clause in Contracts

PRODUCTION STATEMENT. Without prejudice to the rights and obligations of the Parties under the Contract, as from the initial date of commencement of commercial Production from the Contract Area, the Contractor shall submit a monthly Production statement to the Ministry showing the following information, which shall be separated by each Commercial Field as well as in aggregate for the Contract Area: (a) the quantity of Crude Oil produced and saved; (b) the quality characteristics of such Crude Oil produced and saved; (c) the quantity of Natural Gas produced and saved; (d) the quality characteristics of such Natural Gas produced and saved; (e) the quantities of Crude Oil and Natural Gas used for the purposes of carrying out drilling and Production operations; (f) the quantities of Crude Oil and Natural Gas unavoidably lost; (g) the quantities of Natural Gas flared and vented; (h) the size of Hydrocarbon stocks held at the beginning of the calendar month in question; (i) the size of any Hydrocarbon stocks held at the end of the calendar month in question; (j) the quantities of Natural Gas re-injected into the Hydrocarbon reservoir; and (k) the quantities of Hydrocarbons delivered and sold. All quantities shown in such statement shall be expressed in both volumetric terms (barrels of Crude Oil [bbls] and cubic meters of Natural Gas [M3]) and in weight (metric tons [MT] and long tons [LT]). The Production statement for each calendar month, and the technical report on each Well shall be submitted to the Ministry no later than a period of fifteen (15) days after the end of such calendar month.

PRODUCTION STATEMENT. Without prejudice to the rights and obligations of the Parties under as per the Contract, as from the initial date of commencement the start of commercial Production from in the Contract Area, the Contractor shall submit will present the Ministry with a monthly Production statement to containing the Ministry showing the following information, which shall be information listed below separated by each Commercial Field as well as in aggregate and consolidated for the Contract Area: (a) the quantity amount of Crude Oil produced and savedconserved; (b) the quality characteristics of such the Crude Oil produced and savedconserved; (c) the quantity amount of Natural Gas produced and savedconserved; (d) the quality characteristics of such this Natural Gas produced and savedconserved; (e) the quantities amounts of Crude Oil and Natural Gas used for the purposes of carrying out to perform drilling and Production operationsOperations; (f) the quantities amounts of Crude Oil and Natural Gas unavoidably lost; (g) the quantities amounts of Natural Gas flared burned off and ventedflared; (h) the size amounts of Hydrocarbon stocks held Hydrocarbons in existence at the beginning start of the calendar month in question; (i) the size amounts of any Hydrocarbon stocks held Hydrocarbons in existence at the end of the calendar month in question; (j) the quantities amounts of Natural Gas re-injected reinjected into the Hydrocarbon reservoirdeposits; and (k) the quantities amounts of Hydrocarbons delivered and sold. All quantities shown amounts indicated in such this statement shall will be expressed both in both volumetric volume terms (barrels of Crude Oil [bbls] and cubic meters metres of Natural Gas [M3]) and in weight (metric tons [MT] and long tons [LT]). The Production statement for each calendar month, month and the technical report on for each Well shall will be submitted presented to the Ministry no later than a period of fifteen thirty (1530) days after the end of such the said calendar month.

PRODUCTION STATEMENT. Without prejudice to the rights and obligations of the Parties under as per the Contract, as from the initial date of commencement the start of commercial Production from in the Contract Area, the Contractor shall submit will present the Ministry with a monthly Production statement to containing the Ministry showing the following information, which shall be information listed below separated by each Commercial Field as well as in aggregate and consolidated for the Contract Area: (a) the quantity amount of Crude Oil produced and savedconserved; (b) the quality characteristics of such the Crude Oil produced and savedconserved; (c) the quantity amount of Natural Gas produced and savedconserved; (d) the quality characteristics of such this Natural Gas produced and savedconserved; (e) the quantities amounts of Crude Oil and Natural Gas used for the purposes of carrying out to perform drilling and Production operationsOperations; (f) the quantities amounts of Crude Oil and Natural Gas unavoidably lost; (g) the quantities amounts of Natural Gas flared burned off and ventedflared; (h) the size amounts of Hydrocarbon stocks held Hydrocarbons in existence at the beginning start of the calendar month in question; (i) the size amounts of any Hydrocarbon stocks held Hydrocarbons in existence at the end of the calendar month in question; (j) the quantities amounts of Natural Gas re-injected reinjected into the Hydrocarbon reservoirdeposits; and (k) the quantities amounts of Hydrocarbons delivered and sold. All quantities shown amounts indicated in such this statement shall will be expressed both in both volumetric volume terms (barrels Barrels of Crude Oil [bbls] and cubic meters metres of Natural Gas [M3]) and in weight (metric tons [MT] and long tons [LT]). The Production statement for each calendar month, month and the technical report on for each Well shall will be submitted presented to the Ministry no later than a period of fifteen thirty (1530) days after the end of such the said calendar month.