Barrels definition

Barrels means 42 United States gallons at sixty degrees (60°) Fahrenheit.
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Barrels means a volume of forty-two (42) U.S. gallons corrected for temperature to 60 degrees Fahrenheit and 1 atmospheric pressure; One Cubic Meter (M3) shall consist of 6.29297 Barrels.
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Barrels as herein used means forty-two (42) U.S. gallons at sixty degrees Fahrenheit (60°F) and equilibrium vapor pressure.
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Examples of Barrels in a sentence

  • Such equivalent Barrels shall be calculated on the basis of the provisions of Article VII (c) relating to the valuation of Cost Recovery Crude Oil.

  • Payments in kind shall be calculated by converting the value of Gas and LPG to which CONTRACTOR is entitled into equivalent Barrels of Crude Oil to be taken concurrently by CONTRACTOR from the Area, or to the extent that such Crude Oil is insufficient, Crude Oil from CONTRACTOR's other concession areas or such other areas as may be agreed.

  • SELLER is willing to enter into crude oil sales and purchase contract with BUYER for the sale of Barrels per day of specified Nigerian crude oil for a period of ……………………………… subject to the terms and conditions specified under Part I and Part II of this Contract.

  • Metric units and Barrels shall be employed for measurements required under this Annex.


More Definitions of Barrels

Barrels or "bbls" means a volume equivalent to 0.158987 cubic metres (m3) at a temperature of fifteen degrees Celsius (15°C) and at a pressure of 101.325 kiloPascals (kPa) absolute.
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Barrels shall have the meaning assigned to such term in Section 1.01 of the Master Export Contract.
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Barrels means a standard barrel of forty-two (42) United States gallons corrected to sixty degrees (60°) Fahrenheit and equilibrium vapor pressure.
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Barrels means 42 United States standard gallons of 231 cubic inches per gallon at 60 degrees Fahrenheit.
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Barrels means forty-two (42) gallons of 231 cubic inches per gallon at sixty degrees Fahrenheit (60°F).
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Barrels or “Bbl” means that quantity of liquid hydrocarbons which, at fifteen degrees (15°) Celsius and a pressure of one (1) bar, occupies the volume of point one five eight nine eight eight (0.158988) cubic metres;
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Barrels means forty-two (42) U.S. gallons.
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