Section 114

(1) The realisable price as defined in the production sharing contract Use of
established by the holder in accordance with the provisions of the production realiable
price in
sharing contract, shall be used to determine the amount payable on royalty and
determining
petroleum profits tax in respect of crude oil produced and lifted under the
royalty and
production sharing contract. petroleum
(2) The parameters for new crude oil streams produced from the con-
tract area shall also be determined in accordance with the provisions of the
production sharing contract.