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Common use of Associated Natural Gas Clause in Contracts

Associated Natural Gas. Contractor shall have the right to produce hydrocarbon liquids found within the Contract Area and to process Associated Natural Gas produced with any such liquids in order to extract such liquids for sale, provided that such processing can be conducted in a manner that is economically justified by Contractor. Liquids saved and sold shall be treated as Crude Oil. Subject to Contractor’s right pursuant to Article 11.1 and Article 15.4, residue Associated Natural Gas from such processing shall be delivered free of charge to SOCAR at the Delivery Point.

Appears in 2 contracts

Samples: Joint Development and Production Sharing Agreement, Joint Development and Production Sharing Agreement

Associated Natural Gas. Contractor shall have the right to produce hydrocarbon liquids found within the Contract Area and to process Associated Natural Gas produced with any such liquids in order to extract such liquids for sale, provided that such processing can be conducted in a manner that is economically justified by for Contractor. Liquids saved and sold shall be treated as Crude Oil. Subject to Contractor’s right 's rights pursuant to Article 11.1 and Article 15.415.3, residue Associated Natural Gas from such processing shall be delivered free of charge to SOCAR at the Delivery Point.

Appears in 1 contract

Samples: Exploration and Production Sharing Agreement