Petroleum production definition
Examples of Petroleum production in a sentence
Until such time as the total availability to the Government of Crude Oil and Condensate from all Petroleum production activities in India meets the total national demand, each Company comprising the Contractor, shall be required to sell in the domestic market in India all of the Company's entitlement to Crude Oil and Condensate from the Contract Area in order to assist in satisfying the national demand.
Until such time as the total availability to the Government of Crude Oil and Condensate from all Petroleum production activities in India meets the total national demand, each Company comprising the Contractor, shall be required to sell in the domestic market in India all of the Company’s entitlement to Crude Oil and Condensate from the Contract Area in order to assist in satisfying the national demand.
Petroleum production shall be measured at the point of tanker loading.
If there is any ambiguity or uncertainty in the foregoing subclauses, then the parties intend that such ambiguity or uncertainty be resolved in a manner that most fairly and accurately results in a determination of the value of Petroleum production at the first onshore meter, so that the Royalty may be computed and paid on the basis of the value at the first onshore meter.
All taxes and rates of every kind and nature, except taxes which are measured by the income of the parties, assessed or levied upon the Joint Venture, the Operator or in connection with the JV Property, the JV Activities, or the Petroleum production or the Permit or arising therefrom or pertaining to any taxes paid by the Operator for the benefit of the Parties pursuant to Indonesian Tax Law.
Subject to the requirements of Sub-section 5.2.24 of Section V, SKK MIGAS with the assistance of CONTRACTOR shall perform record reflecting Petroleum production as well as monies received from the sale of Petroleum and financial report, consistent with Petroleum industry practices.
Participants with a score of 5 or higher are regarded as highly transition ready, and they have the best chance of viral suppression one year after transitioning to adult care.
However, in the event the Government requires Contractor to produce Petroleum from the Contract Area at less than the Maximum Efficient Rate Contractor will reduce production, subject to the express condition that such reduction in Petroleum production shall in no event be greater than can be borne entirely from SOCAR's share of Petroleum remaining after satisfying all other SOCAR obligations hereunder.
Until such time as the total availability of Natural Gas from all Petroleum production activities in India meets the total national demand as determined by the Government, each Company comprising the Contractor, shall sell in the domestic market in India (domestic sale obligation) all of the Company’s entitlement to Natural Gas from the Contract Area .
Except as expressly provided in Article 13.1(c)(iv) concerning the risk of loss of Petroleum production, the transfer of title to each Contractor Party of the share of the Petroleum production to which such Contractor Party is entitled shall be made at the Delivery Point.