Meaning Entitlement production
What does Entitlement production mean? Here you find 2 meanings of the word Entitlement production. You can also add a definition of Entitlement production yourself
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Entitlement productionThe production that the contractor or concession holder is entitled to physically receive. In a concession, this equates to concessionaire's working interest production excluding any royalty payments. In a PSC, this equates to the contractor's share of cost oil/gas and profit oil/gas. In a Risk Service Contact, it is the contractor cash f [..]
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Entitlement productionThe production that the contractor or concession holder is entitled to physically receive. In a concession, this equates to concessionaire's working interest production excluding any royalty paym [..]
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