Common use of Gross Production Value Clause in Contracts

Gross Production Value. The Gross Production Value, based on which the Profit Oil shall be defined, shall be calculated for the Field or, when applicable, for each Module of the Development Phase according to the following formula: XXXx  XXXx,x  XXx,x  VIPg,m  RPg,m where:

Appears in 6 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

AutoNDA by SimpleDocs

Gross Production Value. The Gross Production Value, based on which the Profit Oil shall be defined, shall be calculated for the Field or, when applicable, for each Module of the Development Phase according to the following formula: XXXx GPVm XXXxVIPo,x m XXxRPp,x m  VIPg,m  RPg,m where:

Appears in 2 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!