PRODUCTION STATEMENT. 5.1. Upon commencement of production of Petroleum from the Contract Area, the Contractor shall submit a monthly Production Statement to the Minister showing the following information separately for each Field and in aggregate for the Contract Area. (a) The gross quantity of Crude Oil and Natural Gas produced. (b) The quantities of Crude Oil and Natural Gas used for the purpose of carrying on Petroleum Operations including drilling and Production Operations and pumping to Field storage. (c) Quantities of Crude Oil and Natural Gas lost. (d) The quantities of Natural Gas flared. (e) The quantity of Crude Oil produced and sold. (f) The quantity of Natural Gas produced and sold. (g) The quantity of stocks of Crude Oil held at the beginning of the Calendar Quarter in question. (h) The quantity of stocks of Crude Oil held at the end of the Calendar Quarter in question. (i) The number of days in the Quarter during which Petroleum was produced from each Field. (j) The average daily production rate for each Field. 5.2. The Production Statement for each Calendar Quarter shall be submitted to the Minister not later than thirty (30) calendar days after the end of such Calendar Quarter.
Appears in 2 contracts
Sources: Production Sharing Agreement, Production Sharing Agreement
PRODUCTION STATEMENT. 5.1. Upon commencement of production of Petroleum from the Contract Area, the Contractor shall submit a monthly Production Statement to the Minister showing the following information separately for each Field and in aggregate for the Contract Area.
(a) The gross quantity of Crude Oil and Natural Gas produced.
(b) The quantities of Crude Oil and Natural Gas used for the purpose of carrying on Petroleum Operations including drilling and Production Operations and pumping to Field storage.
(c) Quantities of Crude Oil and Natural Gas lost.
(d) The quantities of Natural Gas flared.
(e) The quantity of Crude Oil produced and sold.
(f) The quantity of Natural Gas produced and sold.
(g) The quantity of stocks of Crude Oil held at the beginning of the Calendar Quarter in question.
(h) The quantity of stocks of Crude Oil held at the end of the Calendar Quarter in question.
(i) The number of days in the Quarter during which Petroleum was produced from each Field.
(j) The average daily production rate for each Field.
5.2. The Production Statement for each Calendar Quarter shall be submitted to the Minister not later than thirty (30) calendar days after the end of such Calendar Quarter.
Appears in 2 contracts
Sources: Production Sharing Agreement, Production Sharing Agreement
PRODUCTION STATEMENT. 5.1. Upon commencement of production of Petroleum from the Contract Area, the Contractor shall submit a monthly Production Statement to the Minister showing the following information separately for each Field and in aggregate for the Contract Area.
(a) The gross quantity of Crude Oil and Natural Gas produced.
(b) The quantities of Crude Oil and Natural Gas used for the purpose of carrying on Petroleum Operations including drilling and Production Operations and pumping to Field storage.
(c) Quantities of Crude Oil and Natural Gas lost.
(d) The quantities of Natural Gas flared.
(e) The quantity of Crude Oil produced and sold.
(f) The quantity of Natural Gas produced and sold.
(g) The quantity of stocks of Crude Oil held at the beginning of the Calendar Quarter in question.
(h) The quantity of stocks of Crude Oil held at the end of the Calendar Quarter in question.
(i) The number of days in the Quarter during which Petroleum was produced from each Field.
(j) The average daily production rate for each Field.
5.2. The Production Statement for each Calendar Quarter shall be submitted to the Minister not later than thirty (30) calendar days after the end of such Calendar Quarter.
Appears in 2 contracts
Sources: Production Sharing Agreement, Production Sharing Agreement