Scale of Production Method Sample Clauses

Scale of Production Method. Pursuant to this methodology, a royalty percentage for Controlled Liquid Hydrocarbons and Controlled Natural Gas Liquids will be established and another royalty percentage will be established for the Controlled Natural Gas for each valuation period, according to the following chart. MBDC: Millions of Barrels per Calendar Day When the total average of Controlled Liquid Hydrocarbons and Controlled Natural Gas Liquids is equal to or lower than 5 MBDC, the 15% royalty will apply. When such average is equal to or higher than 100 MBDC, a 30% royalty will apply. When said average falls between 5 MBDC and 100 MBDC, the royalty percentage to be applied will result from applying a linear interpolation. The royalty paid by the Contractor for the Controlled Liquid Hydrocarbons and the Controlled Natural Gas Liquids will be the product of applying the royalty percentage obtained for such hydrocarbons to the value of controlled oil, the value of the Controlled Natural Gas Liquids and the value of the Controlled Condensates, during the corresponding Valuation Period. To determine the average in barrels per day for Controlled Natural Gas, the following equation will be used: barrels will be equivalent to the volume of Controlled Natural Gas in standard cubic feet divided by five thousand six hundred twenty six (5,626) factor. The royalty the Contractor shall pay for the Controlled Natural Gas will be the product of applying the royalty percentage calculated for such hydrocarbon to the value of Controlled Natural Gas during the respective valuation period.
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Related to Scale of Production Method

  • Particular Methods of Procurement of Goods and Works International Competitive Bidding. Goods and works shall be procured under contracts awarded on the basis of International Competitive Bidding.

  • Particular Methods of Procurement of Goods Works and Services (other than Consultants’ Services)

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  • Other Methods of Procurement of Goods and Works The following table specifies the methods of procurement, other than International Competitive Bidding, which may be used for goods and works. The Procurement Plan shall specify the circumstances under which such methods may be used: (a) National Competitive Bidding (b) Shopping (c) Direct Contracting

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  • Other Methods of Procurement of Goods and Works. The following table specifies the methods of procurement, other than International Competitive Bidding, which may be used for goods and works. The Procurement Plan shall specify the circumstances under which such methods may be used: (a) National Competitive Bidding (b) Shopping (c) Direct Contracting

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