PROFIT OIL SHARING Sample Clauses

PROFIT OIL SHARING. Profit Oil Sharing The Contracting Party and the Contracted Party shall share, on a monthly basis, the volume of Oil and Gas corresponding to the Profit Oil produced in the Contract Area. The Profit Oil share applicable to the Contracting Party shall vary based on the average Xxxxx Oil price and the average daily Oil Production in the producing xxxxx in the Development Area or Field, according to the table in Annex XII. The oil price shall be the monthly average of the daily prices of Xxxxx Dated, according to the quotation published on a daily basis by Xxxxx’x Crude Oil Marketwire. The volume of Natural Gas produced shall be shared in the same percentage applied to the Oil volume sharing. Xxxxx with restricted Oil Production due to technical and operational issues and which are incurring losses shall not be taken into account in the average calculation, at PPSA’s discretion. The Oil and Gas volume corresponding to the Profit Oil shall be measured and made available according to the guidelines in Annex VII and Section Seventeen.
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PROFIT OIL SHARING. 9.1. The Contracting Party and the Contractor shall share, on a monthly basis, the volume of Oil and Gas corresponding to the Profit Oil produced in the Contract Area.
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PROFIT OIL SHARING. Profit Oil Sharing
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PROFIT OIL SHARING. Profit Oil Sharing The Contracting Party and the Contracted Party shall share, on a monthly basis, the volume of Oil and Gas corresponding to the Profit Oil produced in the Contract Area. The Consortium Members shall be entitled to the volume of Oil and Gas produced in the Co-participated Area pursuant to the Share defined in the Co-participation Agreement. The Profit Oil share applicable to the Contracting Party shall vary based on the average Xxxxx Oil price and the average daily Oil Production in the producing xxxxx in the Development Area or Field, according to the table in Annex VI. The oil price shall be the monthly average of the daily prices of Xxxxx Dated, according to the quotation published on a daily basis by Xxxxx’x Crude Oil Marketwire. The volume of Natural Gas produced shall be shared in the same percentage applied to the oil volume sharing. Xxxxx with restricted Oil Production due to technical and operational issues and which are incurring losses shall not be taken into account in the average calculation, at PPSA’s discretion. The Oil and Gas volume corresponding to the Profit Oil shall be measured and made available according to the guidelines in Annex V and Section Thirteen.
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PROFIT OIL SHARING. Profit Oil Sharing The Contracting Party and the Contractor shall share, on a monthly basis, the volume of Oil and Gas corresponding to the Profit Oil produced in the Contract Area. The Consortium Members shall be entitled to the volume of Oil and Gas produced in the Shared Deposit Area in the proportion of the share established in the Production Individualization Agreement. The Profit Oil share applicable to the Contracting Party shall vary based on the average Xxxxx Oil price and the average daily Oil Production in the producing xxxxx in the Development Area or Field, according to the table in Annex XII. The oil price shall be the monthly average of the daily prices of Xxxxx Dated, according to the quotation published on a daily basis by Xxxxx’x Crude Oil Marketwire. The volume of Natural Gas produced shall be shared in the same percentage applied to the Oil volume sharing. Xxxxx with restricted Oil Production due to technical and operational issues and that are presenting losses shall not be taken into account in calculation of the average, at PPSA’s discretion. The Oil and Gas volume corresponding to the Profit Oil shall be measured and made available according to the guidelines of Annex VII and Section Seventeen.
Sample 1

Related to PROFIT OIL SHARING

  • Profit Sharing Profit sharing, bonuses, or other similar compensation of any kind paid by CM/GC to its employees.

  • JOB SHARING 20.01 Job sharing is defined as an arrangement whereby two or more nurses share the hours of work of what would otherwise be one full-time position. If the Hospital and the Association agree to a job sharing arrangement, the introduction or discontinuance of such job sharing arrangements will be determined locally.

  • Pension All present employees enrolled in the Hospital's Pension Plan shall maintain their enrolment in the Plan subject to its terms and conditions. New employees and employees employed but not yet eligible for membership in the Plan shall, as a condition of employment, enrol in the Plan when eligible in accordance with its terms and conditions.

  • Scholarly Sharing On an ad hoc basis, Authorized Users may transmit to a third party in hard copy or electronically, minimal, insubstantial amounts of the Licensed Materials for personal use or scholarly, educational, or scientific research or professional use in the nature of collaboration, comment, or the scholarly exchange of ideas but in no case for resale or commercial purposes or in a manner that would substitute for direct access to the Licensed Materials via services offered by Licensor.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Information Sharing (a) HHSC will provide the MA Dual SNP with resources regarding the LTSS covered by Medicaid in accordance with this section.

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