C5+ Condensate Definition - Law Insider
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The following is an example calculation of the mass allocation of SCO, Raw Gas, Dry Gas, Propane, Butane, C5+ Condensate, acid gas and system difference between Users for one Allocation Period.
Negative Dry Gas, Propane, Butane, C5+ Condensate and acid gas yields if generated shall be made zero and the positive yields pro-rated to equal the Raw Gas quantity.
The Secondary Allocation and Value Adjustment Procedures (the "Secondary Procedures") shall be used to calculate the mass and weight allocations to Stabilised Crude Oil (SCO), Raw Gas, Propane, Butane, C5+ Condensate and acid gas and the volume entitlements to Forties Blend between Users ("Secondary Users") whose Pipeline Liquids contribute to the commingled stream ("Commingled Stream").
The provisions of Clause 7.02 shall not apply if, due to a breach by a User of its contractual obligations to INEOS whose identity INEOS is unable to identify, any Gas Products (excluding C5+ Condensate) do not comply with the relevant specification in Attachment C and/or Forties Blend and/or C5+ Condensate does not comply with the provisions of Clause 7.02.
Negative Dry Gas, Propane, Butane, C5+ Condensate and acid gas yields if generated shall be made zero and the positive yields pro‑rated to equal the Raw Gas quantity.
Additional liquids 25bbl/MMCF would be stripped from the gas upon processing comprising 6 bbl/MMcf of C3, 9 bbl/MMcf of C4, and 10 bbl/MMcf of C5+ (Condensate).
The allocations for SCO, Raw Gas, Dry Gas, Propane, Butane, C5+ Condensate and acid gas and the entitlement to Forties Blend for the Commingled Stream shall be calculated in accordance with Attachment B Parts I and II to this Agreement.
The following is an example calculation of the mass allocation of SCO, Raw Gas, Dry Gas, Propane, Butane, C5+ Condensate and acid gas and the entitlement to Forties Blend for Secondary Users.
These Kinneil input quantities, together with the compositional data, shall be used to calculate Raw Gas, Dry Gas Propane, Butane, C5+ Condensate and acid gas allocations for each of the Secondary Users in accordance with the principles of Attachment B Part I to this Agreement.
This is repeated for acid gas and each of Dry Gas, Propane, Butane, C5+ Condensate.
Related to C5+ Condensate
Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.
Residual disinfectant concentration (“C” in CT cal- culations) means the concentration of disinfectant measured in mg/l in a representative sample of water.
Bulk gasoline plant means a gasoline storage and distribution facility with an average daily throughput of 20,000 gallons (76,000 liters) of gasoline or less on a 30-day rolling average.
Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).
Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.
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