Depletion Contract

A Depletion Contract is usually for smaller amounts of gas or oil sales contract in which the sale volumes are essentially governed by the performance of a gas field. (Opposite of the Supply Contract)

Related Definitions in the Project: The Project Contract

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ThePD (The Project Definition)

ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.