Annual Royalty. 11.1 Each of the Parties shall pay the STATE an annual royalty on the value of its Percentage Interest of the Available Crude Oil and Available Natural Gas produced from each Exploitation Concession at the following rates: (a) Exploitation Concession located onshore or offshore at a water depth less than or equal to 200 meters
Appears in 4 contracts
Samples: Petroleum Agreement, Petroleum Agreement (Kosmos Energy Ltd.), Petroleum Agreement (Kosmos Energy Ltd.)
Annual Royalty. β
11.1 Each of the Parties shall pay the STATE an annual royalty on the value of its Percentage Interest of the Available Crude Oil and Available Natural Gas produced from each Exploitation Concession at the following rates:
(a) Exploitation Concession located onshore or offshore at a water depth less than or equal to 200 meters
Appears in 2 contracts
Samples: Petroleum Agreement, Petroleum Agreement
