Section 13: Use of realisable price in determining royalty and petroleum profit tax in respect of crude oil, etc.

1 The realisable price as defined in the production sharing contract established by the Corporation or the holder in accordance with the provisions of the production sharing contract, shall be used to determine the amount payable on royalty and petroleum profit tax in respect of crude oil produced and lifted pursuant to the production sharing contract.

2 The parameters for new crude oil streams produced from the contract area shall also be determined in accordance with the provisions of the production sharing contract