Available Petroleum definition

Available Petroleum means all Available Crude Oil and Available Natural Gas.
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Available Petroleum means all Available Crude Oil and Available Natural Gas; “Capital Costs” has the meaning given in Clause 2.3 of Annex D;
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Available Petroleum means that portion of the Petroleum extracted from reservoirs in the Contract Area less Royalty attributable to Madagascar, which is available to the Participants for use in Petroleum Operations, for recovery of costs for the Participants and collection of Profit Petroleum for the Parties.
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Examples of Available Petroleum in a sentence

  • Sharing The amount of the Available Petroleum remaining after the deduction of the Cost Recovery Petroleum used for Cost Recovery purposes, and inclusive, should the case occur, of any Cost Recovery Petroleum not used for Cost Recovery purposes, is hereinafter referred to as “Profit Petroleum”.

  • Such maximum ______ percent (__%) of Available Petroleum used for cost recovery by Contractor (“Cost Recovery”) shall be known in general as “Cost Recovery Petroleum” and sometimes as “Cost Recovery Oil” or “Cost Recovery Gas”, as the case may be.

  • The amount of the Available Petroleum remaining after the deduction of the Cost Recovery Petroleum used for Cost Recovery purposes, and inclusive, should the case occur, of any Cost Recovery Petroleum not used for Cost Recovery purposes, is hereinafter referred to as “Profit Petroleum”.


More Definitions of Available Petroleum

Available Petroleum means all Available Crude Oil and Available Natural Gas; "Capital Costs" has the meaning given in Clause 2.3 of Annex C; "Commercial Production’’ occurs on the first day of the first period of thirty (30) consecutive days during which production is not less than the level of regular production delivered for sale determined by the Ministry as part of the approval of, or amendment to, a Development Plan, averaged over not less than twenty-five (25) days in the period;
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Available Petroleum means the amount of Petroleum (less any amount used in Petroleum Operations, flared or injected, and less any Deemed Production to which Albpetrol is entitled under this Agreement) produced, saved and metered from the Project Area at the Measurement Point.
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Available Petroleum means Available Oil and/or Available Gas. „Pridobiveni ugljikovodici” znači Pridobivena nafta i/ili Pridobiveni plin.
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Available Petroleum means Available Oil and Available Gas.
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Available Petroleum means all Available Crude Oil and Available Natural Gas; “Calendar Month” means any of one the twelve (12) months of a Calendar Year; “Calendar Year” means a period of twelve (12) months commencing on January 1 and
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Related to Available Petroleum

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • Petroleum means the crude oil removed from the earth and the oils derived from tar sands, shale, and coal.

  • Petroleum liquids means crude oil, condensate, and any finished or intermediate products manufactured or extracted in a petroleum refinery.

  • Natural Gas or "Gas" shall mean natural gas, processed, unprocessed, vaporized liquid natural gas, synthetic gas, propane-air mixture or any mixture of these gases.

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • LNG means liquefied natural gas.

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Residual disinfectant concentration means the concentration of disinfectant measured in mg/L in a representative sample of water.