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participacion arrastrada

English translation: royalty share

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:participacion arrastrada
English translation:royalty share
Entered by: bigedsenior
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17:53 Nov 23, 2006
Spanish to English translations [PRO]
Tech/Engineering - Petroleum Eng/Sci / Swimming pool maintenance
Spanish term or phrase: participacion arrastrada
Hello - I am working from a PDF and this is for oil operations in Equatorial Guinnea written by the Government there...

State investment or participation in any Contract Area shall be established either as an 'arrastrada' or paid participation

The State shall not pay exploration costs or costs of any other type with respect to their 'arrastrada' participation. The State shall only be responsible for paying the costs of those Oil Operations generated starting on the date when the State notifies the Contractor in writing about its intention to change its 'arrastrada' participation into a participation with payment obligations. Interest payable or paid due to a 'arrastrada' participation of the State is not a recoverable cost.

It is in contrast to a paid participation. I think it is basically like futures betting.. but I really don't know how we would say it in English... Thanks for any help. Mary
Mary Bauer
Spain
Local time: 07:10
royalty share
Explanation:
...seems to me...

The lessee shall pay to the department the market value at the well of the state's royalty share of oil and other hydrocarbons except gas produced and saved ...
apps.leg.wa.gov/RCW/default.aspx?cite=79.14.190
Selected response from:

bigedsenior
Local time: 22:10
Grading comment
I used this ... it made sense in every way in the context of my translation.
2 KudoZ points were awarded for this answer



Summary of answers provided
3royalty share
bigedsenior


  

Answers


51 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
royalty share


Explanation:
...seems to me...

The lessee shall pay to the department the market value at the well of the state's royalty share of oil and other hydrocarbons except gas produced and saved ...
apps.leg.wa.gov/RCW/default.aspx?cite=79.14.190

bigedsenior
Local time: 22:10
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 242
Grading comment
I used this ... it made sense in every way in the context of my translation.
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