Common use of RECOVERY OF PETROLEUM COSTS AND PRODUCTION SHARING Clause in Contracts

RECOVERY OF PETROLEUM COSTS AND PRODUCTION SHARING. 14.1 From the start of Commercial Production, the Contractor shall market the Total Production of Crude Oil and Natural Gas obtained from each Exploitation Area in accordance with the provisions hereinafter defined, subject to the right of the State under Article 14.7 to elect to take certain production in kind.

RECOVERY OF PETROLEUM COSTS AND PRODUCTION SHARING. 14.1 16.1 From the start of Commercial Production, the Contractor shall market the Total Production of Crude Oil and Natural Gas obtained from each Exploitation the Delimited Area in accordance with the provisions hereinafter defined, subject to the right of the State NOCAL under Article 14.7 16.7 to elect to take certain production in kind.