Contractual Value of the Hydrocarbons definition

Contractual Value of the Hydrocarbons means the sum of the Contractual Value of the Crude Oil, the Contractual Value of the Natural Gas and the Contractual Value of the Condensates, determined as provided in Annex 3.
View Source

Examples of Contractual Value of the Hydrocarbons in a sentence

  • For the purposes of calculating the Consideration, the Contractual Value of the Hydrocarbons for each Month shall be determined in accordance with Annex 3.

  • VCHt = Contractual Value of the Hydrocarbons during Period CRt = Recovery of Costs in Period t.

  • The proportion of the net volume of each Hydrocarbon received by the State will be equal to the percentage which results from dividing the sum of the monetary value of the Royalties and the percentage of the Operating Profit corresponding to the State by the Contractual Value of the Hydrocarbons in the Period (VCHt).

  • The proportion of the net volume of each Hydrocarbon received by the State will be equal to the percentage which results from dividing: the sum of the monetary value of the Royalties and the percentage of the Operating Profit corresponding to the State by the Contractual Value of the Hydrocarbons in the Period (VCHt).

  • The proportion of the net volume of each Hydrocarbon received by the State will be equal to the percentage which results from dividing the sum of the monetary value of the Royalties and the percentage of the Operating Profit corresponding to the State by the Contractual Value of the Hydrocarbons in the Period ().

  • For the purposes of calculating the Considerations, the Contractual Value of the Hydrocarbons for each Month shall be determined in accordance with Annex 3.

  • VCHt = Contractual Value of the Hydrocarbons during Period CRt = Recovery of Costs during Period t.

Related to Contractual Value of the Hydrocarbons

  • Value of Contract means the sum accepted or the sum calculated in accordance with the prices accepted in Tender and/or the Contract rates as payable to the Contractor for the entire execution and full completion of the work.