Common use of VALUATION OF PETROLEUM Clause in Contracts

VALUATION OF PETROLEUM. 19.1 The Contractor shall have the right to use Petroleum produced from the Contract Area for the purpose of Petroleum Operations including reinjection for pressure maintenance in Oil Fields, gas lifting and captive power generation required for Petroleum Operations. Provided that the Contractor shall submit at the end of each month the records relating to the quantity of Petroleum used for the purposes of Petroleum Operations to the Government for its information and records.

Appears in 6 contracts

Samples: Model Revenue Sharing Contract, Model Revenue Sharing Contract, Model Revenue Sharing Contract

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VALUATION OF PETROLEUM. 19.1 The Contractor shall have the right to use Petroleum produced from the Contract Area for the purpose of Petroleum Operations including reinjection for pressure maintenance in Oil Fields, gas lifting and captive power generation required for Petroleum Operations. Provided that the Contractor shall submit at the end of each month the records relating to the quantity of Petroleum used for the purposes of Petroleum Operations to the Government Management Committee for its information and records.

Appears in 1 contract

Samples: www.dghindia.gov.in

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VALUATION OF PETROLEUM. 19.1 The Contractor shall have the right to use Petroleum produced from the Contract Area for the purpose of Petroleum Operations including reinjection for pressure maintenance in Oil Fields, gas lifting and captive power generation required for Petroleum Operations. Provided that the Contractor shall submit at the end of each month year the records relating to the quantity of Petroleum used for the purposes of Petroleum Operations to the Government Management Committee for its information and recordsinformation.

Appears in 1 contract

Samples: online.dghindia.org

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