Production Sharing Agreement definition
Production Sharing Agreement means an agreement between the State and the petroleum company on how the extracted resource will be 60
Production Sharing Agreement means the University Lands Production Sharing Agreement, published by University Lands, as amended from time to time.
Production Sharing Agreement means a Petroleum Agreement which provides for the recovery of certain costs from Petroleum produced and sold from the Contract Area or from a proportionate part thereof, and for the division between the State and Contractor of the balance of petroleum remaining after the recovery of certain costs in accordance with the Petroleum Agreement.
Examples of Production Sharing Agreement in a sentence
If Developer desires to drill a Development Well, whether or not classified as an allocation well, across the Subject Lands that traverses other lands, Developer is prohibited from Commencing Drilling Operations for such Development Well until it obtains a Production Sharing Agreement or other written consent executed by University Lands, which may be granted or withheld in its sole and absolute discretion.
The subsequent execution of a Joint Operating Agreement by Licensee and [the Nominee of the Government] in relation to the Discovery Areas(s) subject hereto in accordance with the terms of said Production Sharing Agreement, is a requirement of this Licence.
More Definitions of Production Sharing Agreement
Production Sharing Agreement means an agreement between the State and the petroleum company on how the extracted resource will be shared between the State and the petroleum company;’’.
Production Sharing Agreement means an agreement made or given pursuant to Article 19, pursuant to which the Authorised Person receives a share of the Petroleum resulting from the conduct of Petroleum Operations as compensation for its activities;
Production Sharing Agreement means any petroleum mining agreement described as such and entered into by a State Party in accordance with the Petroleum Mining Act (Chapter 44);
Production Sharing Agreement means a Petroleum Agreement which provides for the recovery of Contract Costs from Petroleum produced in the Contract Area or from a proportionate part thereof, and for the division between the State and the Contractor of the balance of petroleum remaining after the recovery of Contract Costs in accordance with a scale or formula specified in the Petroleum Agreement;
Production Sharing Agreement means an agreement under which the Russian Federation grants a subject of the business activity (hereinafter referred to as investor) free of charge and for a definite period of time exclusive prospecting, exploration and production rights on mineral resources within the subsoil limits specified in the Agreement, and rights to perform related works, while the investor undertakes to perform the activities at its own expense and risk. This agreement establishes requirements with respect to the use of subsoil, including terms and procedure for production sharing between the parties to the agreement in accordance to the provisions of the Law.
Production Sharing Agreement means any Production Sharing Agreement awarded by the Government of the Republic of Georgia to the Company.
Production Sharing Agreement means an agreement made or given pursuant to Article 13, pursuant to which the Contractor receives a share of the Petroleum resulting from the conduct of Petroleum Operations as compensation for its activities;