Cost Recovery Oil - Percentage of Production. In any Calendar Quarter the amount of Crude Oil distributed in accordance with Sub-articles 13.2, 13.3 and 13.4 shall not exceed eighty percent (80%) of Gross Production after all Royalties have been paid, denoted as the Cost Oil ceiling.
Appears in 4 contracts
Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract (Kosmos Energy Ltd.)
