Net Crude Oil. The quantity of Total Disposable Production remaining every Year after the deduction of Royalties and Cost Recovery Oil will hereafter be referred to as Net Crude Oil, which will be shared between the State and the Contractor in the following proportions: Accumulated Total Production (Million Barrels) Entitlement of the State (%) Entitlement of the Contractor (%) 0 to ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●
Appears in 3 contracts
Samples: s3.amazonaws.com, www.resourcecontracts.org, www.droit-afrique.com
Net Crude Oil. The quantity of Total Disposable Production remaining every Year after the deduction of Royalties and Cost Recovery Oil will hereafter be referred to as Net Crude Oil, which will be shared between the State and the Contractor in the following proportions: Accumulated Total Production (Million Barrels) Entitlement of the State (%) Entitlement of the Contractor (%) 0 to ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●– 70 20 80 70 – 140 30 70 140 – 200 35 65 200 – 400 40 60 over 400 50 50
Appears in 2 contracts
Samples: Annex a Contract (Kosmos Energy Ltd.), Annex a Contract (Kosmos Energy Ltd.)
Net Crude Oil. The quantity of Total Disposable Production remaining every Year after the deduction of Royalties and Cost Recovery Oil will hereafter be referred to as Net Crude Oil, which will be shared between the State and the Contractor in the following proportions: Accumulated Total Production (Million Barrels) Entitlement of the State (%) Entitlement of the Contractor (%) 0 to ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●
Appears in 1 contract
Samples: www.resourcecontracts.org
Net Crude Oil. The quantity of Total Disposable Production remaining every Year after the deduction of Royalties and Cost Recovery Oil will hereafter be referred to as Net Crude Oil, which will be shared between the State and the Contractor in the following proportions: Accumulated Total Production (Million Barrels) Entitlement of the State (%) Entitlement of the Contractor (%) 0 to ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●70 — 140 30 70 140 — 200 35 65 200 — 400 40 60 over 400 50 50
Appears in 1 contract
