Production Sharing Agreement means an agreement between the State and the petroleum company on how the extracted resource will be 60
Production Sharing Agreement means a Petroleum Agreement which provides for the recovery of certain costs from Petroleum produced and sold from the Contract Area or from a proportionate part thereof, and for the division between the State and Contractor of the balance of petroleum remaining after the recovery of certain costs in accordance with the Petroleum Agreement.
Production Sharing Agreement means an agreement between the State and the petroleum company on how the extracted resource will be shared between the State and the petroleum company;’’.
More Definitions of Production Sharing Agreement
Production Sharing Agreement means the University Lands Production Sharing Agreement, published by University Lands, as amended from time to time, a copy of which may be found at xxxx://xxxxxxxxxxxxxxx.xxxxxxxx.xxx/Content/Documents/Contracts/PSA_Sample.pdf.
Production Sharing Agreement means an agreement made or given pursuant to Article 19, pursuant to which the Authorised Person receives a share of the Petroleum resulting from the conduct of Petroleum Operations as compensation for its activities;
Production Sharing Agreement means any petroleum mining Agreement described as such and entered into by a State Party in accordance with the Petroleum Mining Act (Chapter 44);
Production Sharing Agreement means an agreement made or given pursuant to Article 13, pursuant to which the Contractor receives a share of the Petroleum resulting from the conduct of Petroleum Operations as compensation for its activities;
Production Sharing Agreement means any Production Sharing Agreement awarded by the Government of the Republic of Georgia to the Company.
Production Sharing Agreement means the Agreement concluded by and between the Government and the Investor after the Licence for the Exploration and Production of Hydrocarbons has been issued, in accordance with the provisions of this Act, based on the division of recovered quantities off Hydrocarbons between the Government and the Investor that remain after the payment of the Fee for the recovered quantities of Hydrocarbons and the recovery of the Investor’s Hydrocarbon Exploration and Production costs.
Production Sharing Agreement means an agreement under which the Russian Federation grants a subject of the business activity (hereinafter referred to as investor) free of charge and for a definite period of time exclusive prospecting, exploration and production rights on mineral resources within the subsoil limits specified in the Agreement, and rights to perform related works, while the investor undertakes to perform the activities at its own expense and risk. This agreement establishes requirements with respect to the use of subsoil, including terms and procedure for production sharing between the parties to the agreement in accordance to the provisions of the Law.