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 9.1.1;
Examples of Cost Petroleum in a sentence
Such cost recovery Petroleum is the "Cost Petroleum" consisting of two categories, the Cost Oil and the Cost Gas.
More Definitions of Cost Petroleum
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 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, the portion of the total value of Crude Oil, and Natural Gas produced from the Contract Area which the Contractor is entitled to take in a particular period, for the recovery of Recoverable Costs provided in Article 9;
Cost Petroleum has the meaning assigned in Article 11;
Cost Petroleum means Cost Oil and/or Cost Gas. Crude oil means produced, unrefined petroleum at a temperature of 15 °C and pressure of 1 atmosphere and the Crude Oil known as condensate and Natural Gas liquids and other Hydrocarbons obtained from Natural Gas by condensation or extraction as well as non-petroleum liquid or liquids produced in association with liquid or gaseous petroleum. Custom duties means all duties, taxes or imposts (except those charges, as may be in force from time to time, paid to the Government for actual services rendered such as normal handling and storage charges) which are payable as a result of the importation or exportation of the item or items under consideration. Decommissioning Cost has the meaning given in Article 9.1.1.