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 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.
Production Sharing Agreement means the University Lands Production Sharing Agreement, published by University Lands, as amended from time to time, a copy of which may be found at xxxx://xxxxxxxxxxxxxxx.xxxxxxxx.xxx/Content/Documents/Contracts/PSA_Sample.pdf.
Examples of Production Sharing Agreement in a sentence
If Lessee desires to drill a well, whether or not classified as an allocation well, across the Leased Premises which traverses leases or units off the Leased Premises, Lessee is prohibited from commencing Drilling Operations for such well until it obtains a Production Sharing Agreement executed by Lessor, which may be granted or withheld in Lessor’s sole discretion.
Conakry: 2002 For the Republic of Guinea: Dr. Xxxxx Xxxx XXXXXX MinistreDirector de Particuleir President de la Republic de Guinea Date: , 2002 (Seal) For the Contractor: Date: , 2002 Royalty and Production Sharing Agreement between Republic of Guinea and USOil Corporation 2002 (Seal) APPENDIX A #1 Attached to and made part of this Contract between the Government of the Republic of Guinea and the Contractor.
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 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.
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 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;
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.