Heavy Liquid Hydrocarbons definition

Heavy Liquid Hydrocarbons. Liquid Hydrocarbons with an API gravity less than or equal to fifteen degrees (15°API).
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Heavy Liquid Hydrocarbons. Means all Liquid Hydrocarbons with an API gravity equal to or less than fifteen degrees (15º API).
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Heavy Liquid Hydrocarbons. Liquid Hydrocarbons with an API gravity less than or equal to fifteen degrees (15°API). Non-Conventional Hydrocarbons: Hydrocarbons present in the subsoil in a state other than conventional Liquid Hydrocarbons or free gas, including gas associated with the Penalty Interest: In pesos, the maximum legal penalty rate certified and allowed by the competent authority; in US dollars, 3- month LIBOR (London Interbank Borrowing Offered Rate) prime for deposits in US dollars plus four percentage points (LIBOR Month: Period counted from any Day of a calendar month and ending on the Day prior to the same Day of the next calendar month; or, if the first Day of a month, on the last Day of the month in progress.
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Examples of Heavy Liquid Hydrocarbons in a sentence

  • If the Discovery is of Non-Associated Natural Gas or Heavy or Extra Heavy Liquid Hydrocarbons, the Contractor must also make available to the Minister the calculations and additional supporting information submitted for purposes of classification.

  • Paragraph 2: In case the discovery of Non Associated Natural Gas or Heavy Liquid Hydrocarbons or Non Conventional Hydrocarbons, and at any time during the second half of the Assessment Period, THE CONTRACTOR may request ▇▇▇ an extension of the Assessment Program for up to two (2) additional years; this term may be extended at ANH’s criteria, with the purpose of undertaking feasibility studies to build infrastructure, with regards to production methods and/ or market development.

  • Paragraph: if the Discovery is of Non-Associated Natural Gas or Heavy Liquid Hydrocarbons, THE CONTRACTOR will also deliver calculations and other supporting information presented to the Ministry of Mines and Energy for classification purposes.

  • If the Discovery is of Non- Associated Natural Gas or Heavy or Extra Heavy Liquid Hydrocarbons, the Contractor must also make available to the Minister the calculations and additional supporting information submitted for purposes of classification.

  • For the exploitation of Heavy Liquid Hydrocarbons with an API gravity lower or equal to ten degrees For Natural Gas: This right shall be paid from the fifth (5) year of commencement of the production of the field, which is stated in the approval resolution issued by the competent authority, and in the event that the price of Natural Gas of the “U.S. Gulf Coast ▇▇▇▇▇ Hub” exceeds the Po Base Price.

  • Paragraph: If he discovery is a Discovery of non Associated Natural Gas or Heavy Liquid Hydrocarbons, THE CONTRACTOR must likewise provide the estimates and other supporting evidence for classification purposes, to the Ministry of Mines and Energy or to the authority performing its duties.

  • Paragraph: If discovery is a Non-related Natural Gas or of Heavy Liquid Hydrocarbons, THE CONTRACTOR shall likewise, submit calculations and other supporting information that should have presented to the Ministry of Mines and Energy or to appropriate authority in charge, for the purpose of its classification.

  • Heavy Liquid Hydrocarbons: Liquid Hydrocar- bons with an API gravity equal or lower than fifteen degrees (15° API).

  • Paragraph: If the Discovery is of Non-Associated Natural gas or a Heavy Liquid Hydrocarbons, and at any time during the second half of the Evaluation Program, there being time remaining, THE CONTRACTOR may request ▇▇▇ to extend the Evaluation for up to two additional Years in order to conduct feasibility studies for the construction of infrastructure, production methods and/or the development of markets.

  • Paragraph 2: In the event of a discovery of Non-Associated Natural Gas or Heavy Liquid Hydrocarbons or Unconventional Hydrocarbons, and at any time during the second half of the term of the Evaluation Program, THE CONTRACTOR may ask the ▇▇▇ to extend the Evaluation Program for up to two (2) additional years, term which can be extended at the judgment of the ▇▇▇, for the purpose of conducting feasibility studies on the construction of infrastructure, on production methods and/or market development.