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Segment 064 de Oil and Gas, A Practical Handbook
Segment 064 de Oil and Gas, A Practical Handbook
7.3
Unitised substances
The agreement will typically refer to all the hydrocarbons produced as a result of the
unit operations as unitised substances, and this will include crude oil and/or gas.
There may be instances where both crude oil and gas are present in the field, but only
one is subject to unit operations for instance, if crude oil is only found in one part
of the field, attributable to only one licensee group. However, this is not typical.
7.4
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