Production Sharing. The Compensation Oil shall be shared between the STATE and the CONTRACTOR as a function of the value of the "R" factor defined hereafter: Values of « R » Profit Oil Sharing For the application of this Article, for a given Calendar Year, "R" refers to the ratio of "Net Cumulative Revenue" over "Cumulative Investments" calculated at the close of the preceding Calendar Year, where :
Appears in 3 contracts
Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract
Production Sharing. The Compensation Oil shall be shared between the STATE and the CONTRACTOR as a function of the value of the "R" factor defined hereafter: Values of « R » Profit Oil Sharing For the application of this Article, for a given Calendar Year, "R" refers to the ratio of "Net Cumulative Revenue" over "Cumulative Investments" calculated at the close of the preceding Calendar Year, where :
Appears in 2 contracts
Samples: Production Sharing Contract, Production Sharing Contract
Production Sharing. The Compensation Oil shall be shared between the STATE and the CONTRACTOR as a function of the value of the "“R" ” factor defined hereafter: Values of « R » Profit Oil Sharing For the application of this Articlearticle, for a given Calendar Year, "“R" ” refers to the ratio of "“Net Cumulative Revenue" ” over "“Cumulative Investments" ” calculated at the close of the preceding Calendar Year, where :
Appears in 1 contract
