Profit Petroleum means, the total value of Petroleum Produced and Saved from the Contract Area in a particular period, as reduced by Cost Petroleum and calculated as provided in Article 16.
Profit Petroleum has the meaning given in Article 9.1(c);
Profit Petroleum means Profit Crude Oil and Profit Natural Gas;
Examples of Profit Petroleum in a sentence
A Party’s share of Profit Petroleum in any Year, shall be calculated on the basis of the Investment Multiple actually achieved by the Contractor at the end of the preceding Year for the Contract Area as provided in Appendix-D.
Generally, the purpose of this Accounting Procedure is to set out principles and procedures of accounting which will enable the Government of India to monitor effectively the Contractor’s costs, expenditures, production and income so that the Government’s entitlement to Profit Petroleum can be accurately determined pursuant to the terms of the Contract.
More Definitions of Profit Petroleum
Profit Petroleum means all Petroleum produced and saved from the Contract Area in a particular period as reduced by Cost Petroleum and calculated as provided in Article 14.
Profit Petroleum shall have the meaning given to it in Article 11.6.
Profit Petroleum means that portion allocated to the Parties of extracted Petroleum as described in this PSC, less the volumes of Petroleum designated for Royalty and recovery of Petroleum Costs pursuant to the terms and provisions of this Contract.
Profit Petroleum means that portion of Disposable Petroleum, in excess of Cost Petroleum, which is allocated to the Parties under the terms of the EPC.
Profit Petroleum means Profit Oil and/or Profit Gas. „Dobit u uglji- kovodicima” znači Dobit u nafti i/ili Dobit u plinu.
Profit Petroleum has the meaning given in Article 9.4.
Profit Petroleum has the meaning set out in schedule SCHEDULE 8: ;