Available Oil definition

Available Oil means Crude Oil produced and saved hereunder and not used in Hydrocarbons Operations.
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Available Oil means the volume of Crude Oil including Condensate and LPG defined for production sharing in Article 6.1 hereof.
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Available Oil shall have the meaning set forth in Article 14.2.
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Examples of Available Oil in a sentence

  • Available Oil and Cost Recovery Oil shall include LPG and Condensate.

  • Test or experimental production shall require approval in accordance with the Rules and all Available Oil and all Available Gas produced therefrom shall be allocated as set forth herein.

  • Any Available Oil and/or any Available Gas produced from the Hydrocarbon Operations conducted in accordance herewith shall be shared between the Parties as set out in this Article 8 and the Contractor shall be entitled to take and receive and freely export its Cost Oil and Cost Gas and share of Profit Oil and Profit Gas.

  • The remaining Available Oil, after the Contractor has taken the Cost Oil pursuant to the provisions of Article 8.2 (hereinafter referred to as "Profit Oil") shall be shared between the Republic and the Contractor according to Crude Oil production tiers and according to Crude Oil price as follows: Crude Oil production tier (in Barrels per day) Crude Oil price (in Dollars per Barrel) Range 1 Range 2 Range 3 less than .....

  • Therefore the portion of Available Oil which the Contractor is entitled to, pursuant to the provisions of Article 8, shall be net of corporate tax.


More Definitions of Available Oil

Available Oil means Crude Oil produced and saved from the Exploitation Area hereunder and not used in Petroleum Operations, to the extent permitted under the provisions of Article 14. „Pridobivena nafta” znači Sirova nafta eksploatirana i sačuvana iz Eksploatacijskog polja u skladu s ovim Ugovorom koja se ne upotrebljava za Rudarske radove, u mjeri dozvoljenoj u skladu s odredbama članka 14.
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Available Oil means Crude Oil produced and saved hereunder and not used in Petroleum Operations, to the extent permitted under the provisions of Article 14.
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