Available Petroleum definition

Available Petroleum means all Available Crude Oil and Available Natural Gas.

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Available Petroleum means Available Oil, Available Natural Gas, Available Condensate and Available Natural Gas Liquids collectively.

Available Petroleum means all Available Crude Oil and Available Natural Gas; “Capital Costs” has the meaning given in Clause 2.3 of Annex D;

Examples of Available Petroleum in a sentence

• Available Petroleum remaining after the deduction of Royalty in accordance with Article 14.1.1 and the deduction of Petroleum Costs in accordance with Article 14.2.2 shall be deemed Profit Petroleum.

• Expenses incurred by the Operator to accommodate a Party's separate disposition of Available Petroleum which are not common to all parties shall be charged to and borne by such Party.

• Sharing The amount of the Available Petroleum remaining after the deduction of the Cost Recovery Petroleum used for Cost Recovery purposes, and inclusive, should the case occur, of any Cost Recovery Petroleum not used for Cost Recovery purposes, is hereinafter referred to as “Profit Petroleum”.

• Deposits in approved accounts shall be made on a quarterly basis in arrears commencing with the first Calendar Quarter in which there is Available Petroleum.

• After Oil and/or Gas have been discovered in commercial quantities and jointly-owned facilities are available for storage and/or transportation thereof, the Operating Committee shall determine an appropriate lifting procedure in the event any Party wishes to separately dispose of its share of Available Petroleum.

• The amount of the Available Petroleum remaining after the deduction of the Cost Recovery Petroleum used for Cost Recovery purposes, and inclusive, should the case occur, of any Cost Recovery Petroleum not used for Cost Recovery purposes, is hereinafter referred to as “Profit Petroleum”.

More Definitions of Available Petroleum

Available Petroleum means all Available Crude Oil and Available Natural Gas; "Capital Costs" has the meaning given in Clause 2.3 of Annex C; "Commercial Production’’ occurs on the first day of the first period of thirty (30) consecutive days during which production is not less than the level of regular production delivered for sale determined by the Ministry as part of the approval of, or amendment to, a Development Plan, averaged over not less than twenty-five (25) days in the period;

Available Petroleum means the amount of Petroleum (less any amount used in Petroleum Operations, flared or injected, and less any Deemed Production to which Albpetrol is entitled under this Agreement) produced, saved and metered from the Project Area at the Measurement Point.

Available Petroleum means Available Oil and/or Available Gas. „Pridobiveni ugljikovodici” znači Pridobivena nafta i/ili Pridobiveni plin.

Available Petroleum means that portion of the Petroleum extracted from reservoirs in the Contract Area less Royalty attributable to Madagascar, which is available to the Participants for use in Petroleum Operations, for recovery of costs for the Participants and collection of Profit Petroleum for the Parties.

Available Petroleum means all Available Crude Oil and Available Natural Gas; “Calendar Month” means any of one the twelve (12) months of a Calendar Year; “Calendar Year” means a period of twelve (12) months commencing on January 1 and

Available Petroleum means Available Oil and Available Gas.