SECTION SIX – ROYALTIES. The amount of Royalties payable every month per Development Area or Field shall be determined by multiplying the equivalent to fifteen percent (15%) of the Total Oil and Gas Volume in the Development Area or Field during such month by its respective reference prices, under Annex VII.
Appears in 11 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
SECTION SIX – ROYALTIES. The amount of Royalties payable every month per Development Area or Field shall be determined by multiplying the equivalent to fifteen percent (15%) of the Total Oil and Gas Volume in the Development Area or Field during such month by its respective reference prices, under Annex VIIXxxxx XXX.
Appears in 2 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement
