Total Disposable Production definition
Total Disposable Production means all Hydrocarbons produced and saved from a Development and Production Area less the quantities used for Petroleum Operations.
Total Disposable Production means all Hydrocarbons produced and saved from a Development and Production Area less the quantities used for Petroleum Operations. Unassociated Natural Gas means all gaseous Hydrocarbons produced from Natural Gas reservoirs, and includes wet gas, dry gas and residual gas remaining after the extraction of liquid Hydrocarbons from wet gas. Well means any opening in the ground or seabed made or being made by drilling or boring, or in any other manner, for the purpose of exploring and/or discovering, evaluating or producing Crude Oil or Natural Gas, or
Examples of Total Disposable Production in a sentence
However, should the State so require, the Contractor shall be obliged to purchase all or part of the State’s share of Total Disposable Production, subject to the provisions of Article 7.5.
However, should the State so require, the Contractor shall be obliged to purchase all or part of the State’s share of Total Disposable Production, subject to the provisions of Article 7.5.
The Contractor shall be free from all responsibility with respect to such Crude Oil from the time it has been delivered, However, should the State so require, the Contractor shall be obliged to purchase all or part of the State’s share of Total Disposable Production, subject to the provisions of Article 7.5.