Contractual Value of Crude Oil in Period t Sample Clauses

Contractual Value of Crude Oil in Period t. 𝑉𝐢𝑃,𝑑 = 𝑃𝐢𝑃,𝑑 βˆ— 𝑉𝑃𝑃,𝑑 Where: 𝑉𝐢𝑃,𝑑 = Contractual Value of Crude Oil in Period t. 𝑃𝐢𝑃,𝑑 = Contractual Price of Crude Oil in Period t: The price of crude oil produced in the Contract Area, in Dollars per Barrel, determined each Period at the Measurement Point, in accordance with mechanisms provided in the Contract. 𝑉𝑃𝑃,𝑑 = Volume of supervised Crude Oil Production in Period 𝑑.
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Contractual Value of Crude Oil in Period t.Β = , βˆ— , Where: , = Contractual Value of Crude Oil in Period t. , = Contractual Price of Crude Oil in Period t: The price of crude oil produced in the Contract Area, in Dollars per Barrel, determined each Period at the Measurement Point, in accordance with mechanisms provided in the Contract. , = Volume of supervised Crude Oil Production in Period .

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