equity crude
equity crude
[′e·kwəd·ē ‚krüd] (petroleum engineering)
Crude produced which belongs to an oil company that owns a concession jointly with a host government.
References in periodicals archive
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Apart from their equity crude entitlements, Shell and Total buy back crudes from the MOG.
As the Chinese firm has no retail or significant upstream operations in the Atlantic Basin, the deal seems clearly tied to its trading ambitions, giving it a source of gasoline and diesel as well as a buyer for some of the over 600,000 bpd equity crude production from parent company CNPC's overseas operations.
9 million arising substantially from the sale of 120,577 bbls of equity crude oil exported from Tunisia in May 2008.
The federal government stated that it had signed 50 Annual Term Contracts for equity crude oil lifting with Lifters/Traders.
85% in a unitised development of Agbami, which gives the Norwegian firm about 40,000 b/d of equity crude oil output.
When completed we will have a strategic partner with significant refining expertise that is integrated upstream with very strong equity crude positions.
Addax has 537 million barrels of 2P (Proved + Probable) equity crude reserves, and 738 million barrels of 3P (Proved + Probable + Possible) equity crude reserves.
Capitalizing on the relatively stable asphalt market in California, this acquisition will further strengthen the natural hedge resulting from the consolidation of our refinery and equity crude oil and gas production.
85% in a unitized development of Agbami, which will give the Norwegian firm about 40,000 b/d of equity crude at the field's plateau level.
Whitten was responsible for scheduling Indonesian equity crude streams.
AIOC sells its cost-recovery crude and most of equity crude through the terminal of Supsa, in Georgia.
CanOxy's volume includes both equity crude and cost-recovery oil, involving a larger quantity than in the case of the Hunt-led partnership for Maarib/Jawf because the latter have long recovered their exploration and development costs.
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