TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

BRUT ACCORD PARTICIPATION [3 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2007-08-17

English

Subject field(s)
  • Commercial Utilization (Oil and Natural Gas)
  • Black Products (Petroleum)
DEF

Oil in which the government of the production territory has a right to a share if it is a stockholder in the oil-producing company.

OBS

In Britain, oil that producers must sell to the British National Oil Corporation, which then resells it.

Key term(s)
  • buyback crude

French

Domaine(s)
  • Exploitation commerciale (Pétrole et gaz naturel)
  • Produits noirs (Pétrole)
DEF

Part du pétrole brut revenant, conformément aux accords de participation, au pays producteur, mais qui peut être rachetée par les compagnies à un prix déterminé lorsque le gouvernement de ce pays n’est pas parvenu à l’écouler lui-même sur le marché.

CONT

La production se décompose en brut de participation (quantité de pétrole dont l’État producteur est propriétaire; il est revendu aux compagnies à 93 % du prix affiché) et de concession : le prix de revient brut est la moyenne du prix de participation et du prix de concession.

Spanish

Save record 1

Record 2 2001-11-21

English

Subject field(s)
  • Oil Production
  • Gas Industry
CONT

Natural gas overlift and underlift represent gas lifted and sold by a company above or below its working interest share in properties. Settlement will be in kind when the liftings are equalized or in cash when production ceases.

French

Domaine(s)
  • Production pétrolière
  • Industrie du gaz
DEF

Tonnage de brut enlevé en dépassement du total de ses droits(dans le cadre d’un accord de participation).

DEF

Enlèvements supplémentaires des compagnies.

OBS

enlèvements excédentaires : Par opposition à «enlèvements déficitaires».

OBS

Voir fiche «enlèvement».

Spanish

Save record 2

Record 3 1988-06-17

English

Subject field(s)
  • Oil Production
CONT

... providing an outlet for Socal's share of Arabian crude acquired from Aramco to improve Socal's position as an underlifter. Socal, as a 30% shareholder in Arabian American oil (Company "Aramco"), has not been honouring its undertaking to purchase its specified percentage of crude oil.

OBS

Natural gas overlift and underlift represent gas lifted and sold by a company above or below its working interest share in properties.

French

Domaine(s)
  • Production pétrolière
OBS

«overlift» : Tonnage de brut enlevé en dépassement du total de ses droits(dans le cadre d’un accord de participation).

Spanish

Save record 3

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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