Petroleum Contract definition

Petroleum Contract means a contract, licence or any other type of authorisation entered into or granted pursuant to Article 10;

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Petroleum Contract means any agreement signed between the National Petroleum Agency, for and on behalf of the State, and a Contractor in accordance with this Law that authorizes the performance and regulates the conduct of Petroleum Operations defined therein;

Petroleum Contract means any agreement signed between the Government, for and on behalf of the State, and a Contractor in accordance with the Fundamental Law on Petroleum Operations that authorizes the performance and regulates the conduct of applicable Petroleum Operations defined therein;

Examples of Petroleum Contract in a sentence

• Address of the Ministry of Oil for purposes of enforcement of this Guarantee: Petroleum Contract and Licensing Directorate, Ministry of Oil, Baghdad, Republic of Iraq, attention Director General.

• The costs incurred in conducting the environmental impact studies for the Petroleum Contract Area, and in taking environmental protection measures pursuant to the terms of the Contract or in compliance with environmental laws, rules and regulations.

• The Guarantor agrees that, upon request of the Beneficiary, any dispute resolution proceeding under this Guarantee may be consolidated with any arbitration instituted under the Petroleum Contract.

• Such Party withdrawing only from all exploration activities under the Petroleum Contract shall retain its rights in the Joint Property insofar as they relate to any such Exploitation Area, Commercial Discovery or Discovery.

• If the Petroleum Contract terminates, the method of an inventory to all of the remaining equipment and Materials shall be the same as mentioned above, and the gains and losses derived from such disposal shall be adjusted against the accounts of the original Investing Parties in accordance with the above mentioned methods.

More Definitions of Petroleum Contract

Petroleum Contract means a written agreement entered into by and between the Vietnam Oil and Gas Corporation and any organization or individual to carry out Petroleum Operations.

Petroleum Contract means a contract, licence, permit or other authorisation made or given pursuant to Article 10;

Petroleum Contract means a contract, licence, permit or other authorisation made or given pursuant to Article 28 of this Act;

Petroleum Contract or "KONGNAN CONTRACT" means that certain contract entered into on the 8th day of September 1997 by and between CNPC and Pan-China;

Petroleum Contract means a contract, a license or any other type of authorization entered into or granted pursuant to Article 10.

Petroleum Contract has the meaning given in Recital A; Post-Condition Date Liabilities means all claims, costs, charges, expenses, obligations and liabilities relating to or arising out of the Transferred Interests and the Operations calculated on an Accrual Basis of Accounting that are attributable to (or relate to a fact, act or omission attributable to) the period from and after the Condition Date (including for the avoidance of doubt, any Environmental Liabilities and any claims, costs, charges, expenses, obligations and liabilities in respect of any Tax so attributable), provided that:

Petroleum Contract means any contract between PVN and another party to conduct petroleum operations.