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
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Production Sharing Agreement means the University Lands Production Sharing Agreement, published by University Lands, as amended from time to time.
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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.
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Examples of Production Sharing Agreement in a sentence

  • The Consortium Members may terminate this Agreement, as long as they have previously reached an agreement and performed their obligations in the Production Sharing Agreement.

  • Each Consortium Member is free to sell its share of the Production at the price and under the terms and conditions it deems applicable, pursuant to the provisions of the Production Sharing Agreement and the Applicable Laws and Regulations.

  • The Consortium Members shall have an undivided share of the rights and obligations arising from the Production Sharing Agreement, in the proportions established below, hereinafter referred to as Proportional Shares or Proportional Share.

  • The subject matter of this Consortium Agreement is the association of the Parties to comply with Production Sharing Agreement for Exploration and Production of Oil and Gas No. __________________, hereinafter referred to as Production Sharing Agreement.

  • The Production Sharing Agreement provides for a five-year exploration period plus an additional 4 year exploration period.


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;’’.
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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;
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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);
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Production Sharing Agreement means the Agreement concluded by and between the Government and the Investor after the Licence for the Exploration and Production of Hydrocarbons has been issued, in accordance with the provisions of this Act, based on the division of recovered quantities off Hydrocarbons between the Government and the Investor that remain after the payment of the Fee for the recovered quantities of Hydrocarbons and the recovery of the Investor’s Hydrocarbon Exploration and Production costs.
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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;
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Production Sharing Agreement means the agreement of even date herewith among the Borrower, TPDC, and PanAfrican Energy for the exploration, production and delivery of gas from the Songo Songo gas field;
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Production Sharing Agreement means any Production Sharing Agreement awarded by the Government of the Republic of Georgia to the Company.
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