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 ?
It said eventual winners are expected to be off-takers licensed to trade on Nigeria's equity crude for a 12 months period.
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.
Addax has 537 million barrels of 2P (Proved + Probable) equity crude reserves, and 738 million barrels of 3P (Proved + Probable + Possible) equity crude reserves.
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.
Apart from their equity crude entitlements, Shell and Total buy back crudes from the MOG.
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.
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.
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.
for Oil & Gas (YOG) and the Crude Oil Marketing Directorate (COMD), while the operating companies market their cost-recovery and equity crudes on their own.