Common use of Production Sharing Clause in Contracts

Production Sharing. 6.1 All Crude Oil/LPG/Condensate and Natural Gas produced and saved from the Contract Area and not used in the Petroleum Operations (hereinafter referred to as "Available Oil" or "Available Gas") shall be measured at the applicable Measurement Point and allocated as set forth hereinafter. Test or experimental production shall require approval in accordance with the Rules and all Available Oil and all Available Gas produced therefrom shall be allocated as set forth herein.

Production Sharing. 6.1 All Crude Oil/LPG/Condensate and Natural Gas produced and saved from the Contract Area and not used in the Petroleum Operations (hereinafter referred to as "Available Oil" or "Available Gas") shall be measured at the applicable Measurement Point and allocated as set forth hereinafter. Test or experimental production Production shall require approval in accordance with the Rules and all Available Oil and all Available Gas produced therefrom shall be allocated as set forth hereinRules.