Sharing Point. The Oil and Gas Sharing Points shall be defined for each Module of the Development Phase in the Development Plan and shall coincide with the place where the Consortium shall physically provide the Production share corresponding to each Consortium Member or to whom it indicates. Measurement at the Sharing Points shall be inspected by ANP. Any possible difference in volume between the Measurement Point and the Sharing Point shall be deemed an operating loss under the sole responsibility of the Contracted Party and not recoverable as Cost Oil, except for the provisions in paragraph 13.8.
Appears in 4 contracts
Sources: Transfer of Rights Surplus Production Sharing Agreement, Transfer of Rights Surplus Production Sharing Agreement, Transfer of Rights Surplus Production Sharing Agreement
Sharing Point. The Oil and Gas Sharing Points shall be defined for each Module of the Development Phase in the Development Plan and shall coincide with the place where the Consortium shall physically provide the Production share corresponding to each Consortium Member or to whom it indicates. Measurement at the Sharing Points shall be inspected by ANP. Any possible difference in volume between the Measurement Point and the Sharing Point shall be deemed an operating loss under the sole responsibility of the Contracted Party Contractor and not recoverable as Cost Oil, except for the provisions in paragraph 13.8Erro! Fonte de referência não encontrada.8.
Appears in 4 contracts
Sources: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Sharing Point. The Oil and Gas Sharing Points shall be defined for each Module of the Development Phase in the Development Plan and shall coincide with the place where the Consortium shall physically provide the Production share corresponding to each Consortium Member or to whom it indicates. Measurement at the Sharing Points shall be inspected by ANP. Any possible difference in volume between the Measurement Point and the Sharing Point shall be deemed an operating loss under the sole responsibility of the Contracted Party and not recoverable as Cost Oil, except for the provisions in paragraph 13.817.8.
Appears in 4 contracts
Sources: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Sharing Point. The Oil and Natural Gas Sharing Points shall will be defined for each Module of the Development Phase in the Development Plan and shall Plan. They will coincide with the place where the Consortium shall will physically provide make available the portion of Production share corresponding to each Consortium Member or to whom it indicates. Measurement ANP will carry out the inspection of the measurement at the Sharing Points shall be inspected by ANPPoints. Any possible difference in volume between the Measurement Point and the Sharing Point shall will be deemed considered an operating operational loss under the sole of exclusive responsibility of the Contracted Party and Contractors, not recoverable as Cost OilOil Cost, except for the provisions as provided in paragraph 13.817.8.
Appears in 2 contracts
Sources: Production Sharing Agreement, Production Sharing Agreement
Sharing Point. The Oil and Natural Gas Sharing Points shall will be defined for each Module of the Development Phase Stage in the Development Plan and shall will coincide with the place where the Consortium shall will physically provide make available the portion of the Production share corresponding to each Consortium Member or to whom it indicates. Measurement The inspection of the measurement at the Sharing Points shall will be inspected carried out by the ANP. Any possible difference in volume that may occur between the Measurement Point and the Sharing Point shall will be deemed considered an operating operational loss under the sole responsibility of the Contracted Party and Parties, not recoverable as Cost Oilan Oil Cost, except for the provisions as provided in paragraph 13.817.8.
Appears in 1 contract
Sources: Production Sharing Agreement