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Cost Petroleum definition

Cost Petroleum means, the portion of the total value of Petroleum Produced and Saved from the Contract Area which the Contractor is entitled to take in a particular period, for the recovery of Contract Costs as provided in Article 15.
Cost Petroleum means the portion of the total volume of Petroleum produced and saved from the Contract Area which the Contractor is entitled to take from the Contract Area in a particular period for the recovery of Contract Costs as provided in Article 13.
Cost Petroleum has the meaning set out in sub-clause 10.1;

Examples of Cost Petroleum in a sentence

  • Michalek, (2010), ‘Optimal Plug-in Hybrid Electric Vehicle Design and Allocation for Minimum Life Cycle Cost, Petroleum Consumption, and Greenhouse Gas Emissions,’ ASME Journal of Mechanical Design, September 132.

  • To the extent that Recoverable Costs in any Quarter exceed the value of Cost Petroleum available in that quarter, the unrecovered excess shall be carried forward for recovery in the next succeeding Quarter or Quarters until fully recovered.

  • The Right Holder shall exclusively be reimbursed for Recoverable Costs incurred by means of the Right Holder’s entitlement to quantities of Petroleum referred to as Cost Petroleum as stipulated by the Exploration and Production Agreement .

  • Area upto the date of first Commercial Production shall be aggregated, and the Contractor shall be entitled to recover the aggregate of such Exploration Costs out of the Cost Petroleum at the rate of one hundred percent (100%) per annum of such Exploration Costs beginning from the date of such Commercial Production.

  • The Right Holder's Cost Petroleum, Profit Petroleum and operating cost calculations shall be done for each quarter.


More Definitions of Cost Petroleum

Cost Petroleum means Cost Oil and/or Cost Gas. „Troškovni ugljikovodici” znači Troškovna nafta i/ili Troškovni plin.
Cost Petroleum means the portion of Petroleum Produced available to the Concessionaires to cover the costs and expenses incurred in carrying out the Petroleum Operations as stipulated in the EPC.
Cost Petroleum means Petroleum out of which Contractor may recover the costs and expenses of the Petroleum Operations pursuant to Section 9.4.
Cost Petroleum means the portion of the total value of Crude Oil Condensate and Natural Gas produced and saved from the Contract Area which the Contractor is entitled to take in a particular period, for the recovery of Contract Costs as provided in Article 15.
Cost Petroleum has the meaning assigned in Article 11;
Cost Petroleum means the portion of the Total Available Production that is equal to the costs incurred by the Parties that are recoverable in accordance with the Accounting Procedure. Crude Oil shall have the meaning ascribed in the Contract. Day means a Gregorian calendar day unless otherwise specifically provided. Decommissioning means all work required for the abandonment of Joint Property (or, as provided under Article 10.3, property of Exclusive Operations) in accordance with generally accepted practices of the international petroleum industry and applicable legal obligations, including, where required, plugging of xxxxx, abandonment, disposal, demolition, removal and/or cleanup of facilities, and any necessary site remediation and restoration. Decommissioning Costs means the costs of Decommissioning. Decommissioning Response Deadline means as to each Party the thirtieth (30th) Day after receipt of Operator’s notice of Decommissioning under Article 10.1.A.
Cost Petroleum means Cost Oil and Cost Gas.