Gas and LPG. (i) The Cost Recovery, Production Sharing and excess cost recovery , if any, Gas Price for local market will be agreed upon between CONTRACTOR and EGPC or EGAS after the Commercial Discovery and before converting an area to a Development Lease(s). Production Sharing Gas Price for export will be valued at Netback Price.
Gas and LPG. (i) The Cost Recovery and Profit Shares of Gas subject to a Gas Sales Agreement between EGPC and CONTRACTOR (as sellers) and EGPC (as buyer) entered into pursuant to
Gas and LPG. For the purpose of calculating Production Sharing of Gas and LPG and the purpose of Production bonuses, all quantities of LPG produced shall convert into equivalent quantities of Gas and to be added to the quantities of Gas produced from the Area. XXXXX XXXXX US$/bbl Gas and LPG produced and saved under this Agreement and not used in Petroleum operations. Standard Cubic Feet per Day (SCFPD)(quarterly average). EGAS’s SHARE (percent %) CONTRACTOR’S SHARE (percent %) Less than or equal to 40 US$ That portion or increment less than or equal to 100 Million SCFPD --------- (----) --------- (----) That portion or increment more than 100 Million SCFPD and less than or equal to 250 Million SCFPD --------- (----) --------- (----) That portion or increment more than 250 Million SCFPD and less than or equal to 500 Million SCFPD --------- (----) --------- (----) That portion or increment more than 500 Million SCFPD --------- (----) --------- (----) More than 40 US$ and less than or equal to 60 US$ That portion or increment less than or equal to 100 Million SCFPD --------- (----) --------- (----) That portion or increment more than 100 Million SCFPD and less than or equal to 250 Million SCFPD --------- (----) --------- (----) That portion or increment more than 250 Million SCFPD and less than or equal to 500 Million SCFPD --------- (----) --------- (----) That portion or increment more than 500 Million SCFPD --------- (----) --------- (----) More than 60 US$ and less than or equal to 80 US$ That portion or increment less than or equal to 100 Million SCFPD --------- (----) --------- (----) That portion or increment more than 100 Million SCFPD and less than or equal to 250 Million SCFPD --------- (----) --------- (----) That portion or increment more than 250 Million SCFPD and less than or equal to 500 Million SCFPD --------- (----) --------- (----) That portion or increment more than 500 Million SCFPD --------- (----) --------- (----) That portion or increment less than or equal to 100 Million SCFPD --------- (----) --------- (----) More than 80 US$ and less than or equal to 100 US$ That portion or increment more than 100 Million SCFPD and less than or equal to 250 Million SCFPD --------- (----) --------- (----) That portion or increment more than 250 Million SCFPD and less than or equal to 500 Million SCFPD --------- (----) --------- (----) That portion or increment more than 500 Million SCFPD --------- (----) --------- (----) More than 100 US$ and less than or equal t...
Gas and LPG i- The Cost Recovery, Production Shares and excess Cost Recovery, if any, of Gas which is disposed of for local market, according to the Gas Sales Agreement between EGAS and CONTRACTOR (as sellers) and EGAS (as buyer) entered into pursuant to Article VII(e) shall be valued, delivered to and purchased at a price, to be agreed upon by EGAS and CONTRACTOR, based on technical and economic factors for developing the area (including but not limited to water depth, reservoir depth, the actual expenditure and expected investments over the Development project lifetime, proven and probable Gas reserves, internal rate of return on investment to achieve the interests of the parties and the prevailing applicable Gas price in comparable concession areas having similar conditions). Such agreed Gas price shall be stated in the relevant development lease before the Minister of Petroleum’s approval according to Article III(d)(ii).
Gas and LPG i- The Cost Recovery, Production Shares and Excess Cost Recovery , if any, which is disposed of for local market, according to a Gas Sales Agreement between GANOPE and CONTRACTOR (as sellers) and GANOPE or EGPC or EGAS (as buyer) entered into pursuant to Article VII (e) shall be valued, delivered to and purchased at a price, which should be agreed upon between GANOPE and CONTRACTOR based on technical and economic factors for developing the area (including but not limited to water depth, reservoir depth, the actual expenditure and expected investments over the Development project lifetime, proven and probable Gas reserves, internal rate of return on investment to achieve the interests of the parties and the prevailing applicable Gas price in comparable concession areas having similar conditions). Such agreed Gas price shall be stated in the relevant development lease before the Minister of Petroleum’s approval according to Article III(d)(ii).
Gas and LPG. (i) The Cost Recovery and Production Shares of Gas subject to a Gas Sales Agreement between EGPC and CONTRACTOR (as sellers) and EGPC (as buyer) entered into pursuant to Article VII (e) shall be valued, delivered to and purchased by EGPC at a price determined monthly according to the following formula: F X H ----------- PG = 0.85 X 42.96 X 106 Where: PG = the value of the Gas in U.S. Dollars per thousand standard cubic feet (MSCF). F = a value in U .S. Dollars per metric ton of the Crude of Gulf of Suez blend priced "FOB Ras Shukheir" calculated by referring to "Xxxxx'x Oilgram Price Report" during a month under the heading "Spot Crude Price Assessment for Suez Blend". This value reflects the total averages of the published high and low values for a Barrel during such month divided by the number of days in such month for which such values were quoted. The value per metric ton shall be calculated on the basis of a conversion factor to be agreed upon annually between EGPC and CONTRACTOR. H = the number of British Thermal Units (BTU's) per thousand standard cubic feet (MSCF) of the Gas based on gross calorific value. In the event that the value of F cannot be determined because Xxxxx'x Oilgram Price Report is not published at all during a month, EGPC and CONTRACTOR shall meet and agree the value of F by reference to other published sources. In the event that there are no such published sources or if the value of F cannot be determined pursuant to the foregoing for any other reason, EGPC and CONTRACTOR shall meet and agree to a value of F. Such evaluation of Gas under a formula providing for a fifteen percent (15%) discount is based upon delivery at the delivery point specified in Article VII (e) (2) (ii) hereinafter and is to enable EGPC to finance and maintain the portions of the pipeline distribution system to be provided by EGPC. 28 Central Sinai Concession 20-F <PAGE> (ii) The Cost Recovery and Production Shares of LPG produced from a plant constructed and operated by or on behalf of EGPC and CONTRACTOR shall be separately valued for Propane and Butane at the outlet of such LPG plant according to the following formula (unless otherwise agreed between EGPC and CONTRACTOR): PLPG = 0.95 PR - ( J X 0.85 X F ) ------------ 42.96 X 10(6) Where: PLPG = LPG price (separately determined for Propane and Butane) in U.S. Dollars per metric ton. PR = the average over a period of a month of the figures representing the mid-point between the high and low prices in U.S. ...
Gas and LPG. (i) The Cost Recovery and Profit Shares of Gas subject to a Gas Sales Agreement between E.G.P.C. and CONTRACTOR (as sellers) and E.G.P.C. (as buyer) entered into pursuant to Article VII (e) shall be valued, delivered to and purchased by E.G.P.C. at a price determined monthly according to the following formula:
Gas and LPG. (i) The Cost Recovery and Production Shares of Gas subject to a Gas Sales Agreement between EGPC and CONTRACTOR (as sellers) and EGPC (as buyer) entered into pursuant to Article VII (e) shall be valued, delivered to and purchased by EGPC at a price determined monthly according to the following formula : PG= F x H Where : PG = the value of the Gas in U.S. Dollars per thousand cubic feet (MCF). H = the number of British Thermal Units (BTU’s) per thousand cubic feet (MCF) of Gas. F = a value in U.S. Dollars per million British Thermal Units (mmbtu) determined monthly set as follows : The price of Gas produced from EAST WADI ARABA Concession Agreement will be based on the Concession Agreement formula and defining the Gulf of Suez Blend price per barrel as equal to Xxxxx crude price per barrel minus US$ 2.00 (two United States Dollars) with minimum (floor) and maximum (ceiling) price according to the following table : Price of Xxxxx ( US$ / barrel ) F ( US$ / mmbtu ) Less than or equal to 12 1.50 Greater than or equal to 24 2.50 27 Between the minimum and maximum Gas Price , following formula shall be applied : PG = 0.0233 x B (6.33 - { 0.07725 X B } ) x D Where : PG = The same definition of PG above B = Barrel Xxxxx xxxxx in U.S. Dollars D = The number in Millions British Thermal Units (MMBTU’s) per thousand cubic feet of Gas ( The number of British Thermal Units per 1000 standard cubic feet) Where Xxxxx is the monthly average price expressed in US Dollars per barrel for XXXXX (DTD) quoted in “Xxxxx’x Oilgram Price Report” for “Spot Crude Price Assessment - International” for the month in question. In the event that the value of F cannot be determined because Xxxxx’x Oilgram Price Report is not published at all during a month, the Parties shall meet and agree the value of Xxxxx by reference to other published sources. In the event that there are no such published sources or if the value of Xxxxx cannot be determined pursuant to the foregoing for any other reason, the Parties shall meet and agree a value of Xxxxx.
Gas and LPG. Gas and LPG produced and saved under this Agreement and not used in Petroleum Operations by MMSCFD (quarterly average). EGPC share: seventy-five percent (75%) CONTRACTOR share: twenty-five percent (25% )
Gas and LPG. Gas and LPG produced and saved under this Agreement and not used in petroleum operations Barrels oil equivalent per day (BOEPD) (Quarterly average) EGPC CONTRACTOR SHARE SHARE That portion or increment up to 5000 sixty-five percent thirty-five percent BOEPD (65%) (35%) That portion or increment in excess of seventy percent thirty percent 0000 XXXXX and up to 10,000 BOEPD (70%) (30%) That portion or increment in excess of seventy-five percent twenty-five percent 10,000 BOEPD and up to 15,000 BOEPD (75%) (25%) That portion or increment in excess of eighty percent twenty percent 15,000 BOEPD and up to 25,000 BOEPD (80%) (20%) That portion or increment in excess of eighty-five percent fifteen percent 25,000 BOEPD (85%) (15%)
