Common use of VALUE FOR ROYALTY PURPOSES Clause in Contracts

VALUE FOR ROYALTY PURPOSES. 8.1 Value for all Petroleum produced and saved under a Licence or a Lease will be determined in accordance with the Rules.

Appears in 3 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement

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VALUE FOR ROYALTY PURPOSES. 8.1 Value for all Petroleum produced and saved under a Licence or a Lease will be determined in accordance with the Rules. The royalty on LPG shall be payable on its realized market value.

Appears in 2 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement

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