Cost Oil definition

Cost Oil shall have the meaning set out in sub-clause 27(1);

Cost Oil means the quantum of Available Crude Oil allocated to the Contractor for recovery of Operating Costs after the allocation of Royalty Oil to the State;

Cost Oil means the portion of the Available Oil 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.

Examples of Cost Oil in a sentence

• Income taxes, as well as taxes levied on acquisitions and generating credits that may be used by the Contractor, are not recoverable as Cost Oil.

• In the event the expenditures incurred by the Contractor in transactions with Affiliated legal entities exceed the national and international market prices for the same services and properties, under free competition conditions, one of the effective methods provided for in the Applicable Laws and Regulations, especially those described in article 18 of Law No. 9,430/1996, shall apply to calculate the amount acceptable for recognition as Cost Oil.

• The Cost Oil shall be controlled through an information system, managed and designed by the Manager and fed by the Operator, referred to as Production Sharing Expenditure Management System (SGPP).

• If, at or following the Effective Time, a vacancy shall exist in the Board of Directors or in the position of any officer of the Surviving Corporation, such vacancy may be filled in the manner provided in the Bylaws of the Surviving Corporation.

• Expenditures for rentals, charters, and leases, exclusively during the period in which the property or right is effectively used in the Operations, are recoverable as Cost Oil.

More Definitions of Cost Oil

Cost Oil means the quantity of crude oil allocated to the Contractor in accordance with the terms of the PSC for the recovery of allowable Costs by Contractor.

Cost Oil has the meaning assigned in Article 35;

Cost Oil means the amount of produced Crude Oil allocated to Contractor for recovery of expenditures pursuant to Sub-articles 13.2, 13.3, 13.4 and 13.5.

Cost Oil means that portion of the total production of Hydrocarbons, if any, which is allocated to the Parties under the Contract for the recovery of Petroleum Costs.

Cost Oil means the quantum of Available Crude Oil allocated to an Operator to enable it to generate the proceeds to recover costs as specified in an EPA.

Cost Oil means the portion of the Available Oil, 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 „Troškovna nafta” znači dio Pridobivene nafte, umanjene za količine xxxxxxxx xx xxxxxxxx Xxxxxxx xx pridobivene količine ugljikovodika u skladu s člankom 14., koji Investitor može zadržati svake Kalendarske godine za potrebe for the purposes of recovery of its Petroleum Costs. povrata svojih Troškova ugljikovodika.

Cost Oil means a maximum percentage of available crude oil allocated to Addax Petroleum for recovery of costs, including exploration, development and production costs and expenses after the allocation of Royalty Oil;