Gas Production definition
Examples of Gas Production in a sentence
Exclusively in case of a Commercial Discovery, the Contractor shall be entitled to receive, as Cost Oil, a share of the Oil and Gas Production, according to the deadlines, criteria, and conditions established in Annex VII.
Up to the fifth business day of each month as of the month following the one in which the Natural Gas Production Start Date for the Field falls, each Contractor shall inform the Manager and ANP the amounts sold, the sale prices, the expenditures incurred with Transportation of the Natural Gas produced, and the amount of the Reference Price of Natural Gas for the previous month.
The Production share to which the restriction on free use applies shall be determined every month with respect to the proportion of the Contractor’s share in the domestic Oil and Gas Production for the immediately preceding month.
The Production share to which the restriction on free use applies shall be determined every month with respect to the proportion of the Contracted Party’s share in the domestic Oil and Gas Production for the immediately preceding month.
The Production share to which the restriction on free use applies shall be determined every month with respect to the proportion of the Concessionaire’s share in the domestic Oil and Gas Production for the immediately preceding month.
Up to the fifth business day of each month, as of the month following the one in which the Natural Gas Production Start Date for the Field falls, each Contracted Party shall inform the Manager and ANP the amounts sold, the sale prices, the expenditures incurred with Transportation of the Natural Gas produced, and the amount of the Reference Price of Natural Gas for the previous month.
Each month, the Oil and Natural Gas produced in the Contract Area shall be shared in the proportion established in the report on calculation of the Contracting Party’s Profit Oil for the immediately preceding month, and such rule shall be included in the Oil or Gas Production Availability Agreement to be entered into by and between the Consortium Members.
The Contracted Party shall be ensured the free use of the volumes of Oil and Gas granted thereto, except for the provisions in paragraph 13.7. The Oil and Gas volumes produced shall be made available in compliance with the Oil or Gas Production Availability Agreement to be entered into by and between the Consortium Members before the beginning of the Production and the Extended Well Tests.
The Contracted Party, in case of Oil and Gas Production, shall be entitled to receive, as Cost Oil, a share of the Oil and Gas Production, according to the terms, criteria, and conditions established in Annex V.
The Contracted Party shall be ensured the free use of the volumes of Oil and Gas granted thereto, except for the provisions in paragraph 17.7. The Oil and Gas volumes produced shall be made available in compliance with the Oil or Gas Production Availability Agreement to be entered into by and between the Consortium Members before the beginning of the Production and the Extended Well Tests.