Cost Gas definition

Cost Gas means the portion of the Available Gas as set out in accordance with Article 6 that the Contractor may freely retain each Calendar Year for the purposes of recovery of its Hydrocarbons Costs.

Cost Gas means the portion of the available Natural Gas that the Contractor may freely retain each Calendar Year for the purposes of recovery of its Petroleum Costs;

Cost Gas means the portion of the Available Gas, less the quantity corresponding to the value required for Royalty payment, as set out in accordance with Article 14., that the Investor may retain each Calendar Year for the purposes of recovery of its Petroleum Costs. „Troškovni plin” znači dio Pridobivenog plina, umanjenog za količine xxxxxxxx xx xxxxxxxx Xxxxxxx xx pridobivene količine ugljikovodika u skladu s člankom 14., koji Investitor može zadržati svake Kalendarske godine za potrebe povrata svojih Troškova ugljikovodika.

Examples of Cost Gas in a sentence

• The account is to be funded on a quarterly basis by the Contractor constituting the Contractor and the Government in proportion to the Contractor’s then current Participating Interest under this Contract and out of its share of ongoing Cost Oil, Cost Gas, Profit Oil and Profit Gas attributable to the Contractor and the Government entities, or by cash payment if production is insufficient.

• The well category determination, shall determine the category for that well throughout the life of that well, regardless if other zones are produced within the well at a later date, until such time as the well qualifies as a Marginal Conventional Gas Well or a Marginal High Cost Gas Well.

• Once a permit is issued, if a well is completed in two or more separately metered producing zones (sources of supply), and one or more of the producing zones are different categories, with respect to a Conventional Gas Well or a High Cost Gas Well, the well category shall be based on which zone in the well produces the larger percentage of the total well production, based on the initial back pressure tests required by General Rule D-16.

• If TPDC elects to participate, then it will be entitled to a rateable proportion of the Cost Gas and their profit share percentage increases by the Specified Proportion for that development program.TPDC has indicated that they wish to exercise their right to ‘back in’ to the field development.

• The account is to be funded on a quarterly basis by the Contractor constituting the Contractor and the Government in proportion to the Contractors then current Participating Interest under this Contract and out of its share of ongoing Cost Oil, Cost Gas, Profit Oil and Profit Gas attributable to the Contractor and the Government entities, or by cash payment if production is insufficient.

More Definitions of Cost Gas

Cost Gas has the meaning assigned in Article 36;

Cost Gas means all exploration expenses, development expenses, operating expenses, service costs and general and administrative costs recovered from a volume of natural gas produced under the Ruvuma PSA. Such fiscal terms for the production of gas are currently being negotiated with the Tanzanian authorities and expected to form part of an amended Ruvuma PSA;

Cost Gas means the portion of the Available Gas, less the quantities required for royalty payment, as set out in accordance with Article 14 that the Contractor may freely retain each Calendar Year for the purposes of recovery of its Petroleum Costs.

Cost Gas means the volume of natural gas, capped at an agreed percentage between the parties in respective agreement, which the contractor is entitled to take out of produced volume after deducting royalty due to government, and apply it to recover all recoverable contract expenses incurred under the contracted area;

Cost Gas means, the portion of the total value of Available Natural Gas from the Contract Area which the Licensee is entitled to take in a particular period, for the recovery of Contract Expenses as set out in Article 11.

Cost Gas means, the proceeds realized from the sale of Natural Gas produced from the Contract Area to enable the parties recover their respective costs incurred in carrying out Petroleum Operations with respect to non-associated gas under the SAAs.

Cost Gas shall have the meaning ascribed to it in Article 12 of this Agreement;