Examples of Available Crude Oil in a sentence

If Crude Oil is to be produced from the Contract Area, the Parties shall, in good faith and not fewer than twelve (12) months before the commencement of Production, as promptly notified by the Operator, negotiate and agree the terms of a lifting agreement based on the 2001 version of the AIPN Model Lifting Agreement to cover the offtake of Available Crude Oil produced under the Contract.
To the extent that distribution on such a basis is impracticable, a separate method for the allocation of such Available Crude Oil shall be agreed upon by the Parties.
The Realizable Price shall be based on a single weighted average price for all Available Crude Oil in the month, based on the international FOB market price at the Delivery Point.
The price of the sold Available Crude Oil in the domestic market shall be the Market Price as determined pursuant to Article 6.
This Annex D sets out the procedure for the nomination, ship scheduling and lifting of Available Crude Oil from the Contract Area.

More Definitions of Available Crude Oil

Available Crude Oil means, for each Exploitation Concession, the Crude Oil produced after deduction of the Crude Oil used in carrying out Development and Exploitation Work and Exploration Work.

Available Crude Oil means the Crude Oil won and saved from the Contract Area after deducting those amounts used in Petroleum Operations.

Available Crude Oil means for all Exploitation Concessions the Crude Oil produced inside the Area of Interest covered by each Exploitation Concession and not used for the needs of direct or assisted exploitation of the Hydrocarbon deposit after deduction of the annual royalties paid in kind;

Available Crude Oil means the Crude Oil won and saved from any Concession after deducting amounts used in petroleum operations

Available Crude Oil means Crude Oil produced and saved in the Contract Area, minus Royalty on Crude Oil as provided for in Article 9.

Available Crude Oil means for all Exploitation Concessions the Crude Oil produced inside the Area of Interest covered by each Exploitation Concession and not used for the needs of direct or assisted exploitation of the Hydrocarbon deposit aGer deduction of the annual royalties paid in kind;