Common use of RECOVERY OF COST PETROLEUM Clause in Contracts

RECOVERY OF COST PETROLEUM. 15.1 The Contractor shall be entitled to recover Contract Costs out of a percentage of the total value of Petroleum Produced and Saved from the Contract Area in the Year in accordance with the provisions of this Article.

Appears in 21 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Contract

AutoNDA by SimpleDocs

RECOVERY OF COST PETROLEUM. 15.1 The Contractor shall be entitled to recover Contract Costs out of a percentage of the total value of Petroleum Produced and Saved from the Contract Area in the Year in accordance with the provisions of this Article.

Appears in 2 contracts

Samples: Production Sharing Contract, Production Sharing Contract

AutoNDA by SimpleDocs

RECOVERY OF COST PETROLEUM. 15.1 The Contractor shall be entitled to recover Contract Costs out of a percentage of the total value of Petroleum Produced produced and Saved saved from the Contract Area in the Year in accordance with the provisions of this Article.

Appears in 1 contract

Samples: Production Sharing Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!