Preliminary Provisions. 1.1. The Contracting Party’s share of the Profit Oil, which shall not be affected by operating losses, shall be determined at the Measurement Point. 1.2. The Cost Oil and the Profit Oil shall be calculated per Field in the Contract Area.
Appears in 4 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Preliminary Provisions. 1.1. The Contracting Party’s share of the Profit Oil, which shall not be affected by operating losses, shall be determined at the Measurement Point.
1.2. The Cost Oil and the Profit Oil shall be calculated per Field in the Contract Area.
Appears in 4 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Preliminary Provisions. 1.1. The portion of the Contracting Party’s share of the Profit Oil's Oil Surplus, which shall will not be affected by operating operational losses, shall will be determined fixed at the Measurement Point.
1.2. The Oil Cost and Oil and the Profit Oil Surplus shall be calculated per in relation to each Field in arising from the Contract Agreement Area.
Appears in 1 contract
Samples: Production Sharing Agreement
Preliminary Provisions. 1.1. The Contracting Party’s share of the Profit Oil, which shall not be affected by operating losses, shall be determined at the Measurement Point.
1.2. The Oil Cost and Oil and the Profit Oil shall Surplus will be calculated per in relation to each Field in originating from the Contract Area.
Appears in 1 contract
Samples: Production Sharing Agreement
