Best Practices of the Oil Industry Sample Clauses

Best Practices of the Oil Industry. The best and safest procedures and technologies available in the Oil and Gas Industry worldwide intended to: (a) ensure the operational safety of the facilities, preserving life, physical integrity, and human health; (b) preserve the environment and protect adjacent communities; (c) prevent or reduce as much as possible the risk of spill of oil, natural gas, by-products, and other chemicals that may be hazardous to the environment; (d) preserve oil and gas resources, which implies the use of adequate methods and processes to maximize the recovery of hydrocarbons in a technical, economic, and environmentally sustainable way, with the corresponding control of the reserve decline, and to mitigate surface losses; (e) minimize consumption of natural resources in the Operations. In order to perform the Best Practices of the Oil Industry, the Concessionaires shall rely on the standards issued by ANP and other Brazilian public bodies, incorporating technical standards and recommendations of internationally recognized bodies and associations of the Oil Industry, whenever such measures increase the chances to achieve the objectives listed above.
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Best Practices of the Oil Industry. The best and safest procedures and technologies available in the oil and gas industry worldwide intended to: (i) ensure the operational safety of the facilities, preserving life, physical integrity, and human health; (ii) preserve the environment and protect adjacent communities; (iii) prevent or reduce as much as possible the risk of spill of oil, natural gas, by-products, and other chemicals that may be hazardous to the environment; (iv) preserve oil and gas resources, which implies the use of adequate methods and processes to maximize the recovery of hydrocarbons in a technical, economic, and environmentally sustainable way, with the corresponding control of the reserve decline, and to mitigate surface losses;
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Best Practices of the Oil Industry. The best and safest procedures and technologies available in the oil and gas industry worldwide intended to:
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Best Practices of the Oil Industry practices and procedures generally employed in the Oil Industry all over the world, by prudent and diligent Operators, subject to conditions and circumstances similar to those experienced with regard to appearance or relevant aspects of the Operations, aiming mainly to guarantee: (a) application of the best world Exploration and Production techniques in force; (b) conservation of oil and gas reserves, which implies the use of methods and procedures appropriate to maximize the recovery of hydrocarbons in a technical, economic and environmentally sustainable way, with the corresponding control of the decline of reserves and the minimization of losses on the surface; (c) operational safety, which requires the employment of methods and processes that ensure the safety of Operations, contributing to the prevention of incidents; (d) preservation of the environment and respect to the people, which determines the adoption of technologies and procedures associated with the prevention and mitigation of environmental damage, as well as the control and environmental monitoring of the Operations of Oil and Natural Gas Exploration and Production.
Sample 1
Best Practices of the Oil Industry the best and safest procedures and technologies available in the Oil and Natural Gas industry around the world, which: (a) guarantee the operational safety of the facilities, preserving the life, physical integrity and human health; (B) preserve the environment and protect adjacent communities; (C) prevent or reduce to a minimum the risk of spill of oil, natural gas, by-products and other chemicals that may be harmful to the environment; (D) the conservation of petroleum and natural gas resources, which involves the use of adequate methods and processes to maximize hydrocarbon recovery technically, economically and environmentally sustainable, with the corresponding control of reserves decline, and to minimize losses on the surface; (E) minimize the consumption of natural resources in Operations. For the implementation of the Best Practices of the Oil Industry, the Concessionaires must take the standards established by ANP and the other Brazilian public agencies as a starting point, incorporating technical standards and recommendations of oil industry entities and associations recognized internationally, whenever such measures increase the chances that the objectives listed above are achieved.
Sample 1
Best Practices of the Oil Industry. The best and safest procedures and technologies available in the oil and gas industry worldwide, which shall: (a) ensure the operational safety of facilities, preserving the life, physical integrity and human health; (b) preserve the environment and protect adjacent communities; (c) prevent or reduce to an accepted minimum to the risk of oil spill, natural gas, oil products and other chemicals exposure of which may be harmful to the environment; (d) the conservation of petroleum resources and gases, which implies the use of adequate methods and processes to maximize hydrocarbon in terms of technically, economically and environmentally sustainable, with a corresponding control of reserves decline, and to minimize surface losses; (e) minimize consumption of natural resources in operations. For the implementation of the Best Practices of the Oil Industry, the Concessionaires shall take the standards established by ANP and the other Brazilian government agencies as a starting point, incorporating technical standards and recommendations bodies and the oil industry associations recognized internationally, where such measures to increase possibility once the objectives listed above are achieved. Module of the Development Stage: set of operations and investments to facilitate the activities of production of a field of Oil or Natural Gas whose stage of development has been designed in an individualized way and with independent production, according to the provisions in the Development Plan. New Reserve: occurrence of new accumulations of Oil and Natural Gas in distinct horizons of those which already produce or are under Assessment.
Sample 1

Related to Best Practices of the Oil Industry

  • Best Practices The Recipient acknowledges they may or may not have access to the Owner’s Confidential Information and agrees that it shall not directly or indirectly divulge, disclose, or communicate any of the Confidential Information to any third party, except as may be required during any formal business association or dealings on behalf of the Owner for any event, with the prior written approval of the Owner. The Recipient acknowledges that no license of the Confidential Information, by implication or otherwise, is granted to the Recipient by reason of this Agreement. Additionally, the Recipient acknowledges that it may only use the Confidential Information in connection with its business dealings with the Owner and for no other purpose without the prior written consent of the Owner.

  • Good industry practices 12.1.1. SAP warrants that: a) its Services will be performed in a professional xxxxxxx-like manner by Consultants with the skills reasonably required for the Services; and

  • Best Practice 9.1 The parties agree that Best Practice is simply a better way of doing things - it is a process of constantly changing and adapting to new pressures and work methods. Best Practices are not fixed. It is the method of operation to achieve exemplary levels of performance. Best Practices are not restricted to an examination of cost, but also include quality and timely completion of work safely and efficiently.

  • FAIR PRACTICES 1. As sole bargaining agent the Association shall continue its policy of accepting into membership all eligible persons in the unit without regard to age, race, color, creed and religious creed, national origin, sex, marital status, sexual orientation, veteran’s status, handicap, genetic information, ancestry, or membership or non-membership in any political or ideological organization. The Association shall represent equally all members of the bargaining unit without regard to membership or participation in the activities of any employee organization.

  • Settlement Practices The Custodian shall provide to each Board the information with respect to custody and settlement practices in countries in which the Custodian employs an Eligible Foreign Custodian described on Schedule C at the time or times set forth on the Schedule. The Custodian may revise Schedule C from time to time, but no revision shall result in a Board being provided with substantively less information than had been previously provided on Schedule C.

  • Good Industry Practice 11.1.4 all applicable Standards; and

  • Payable Practices No Borrower or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing Date.

  • Ethical Business Practices The Contractor shall work in partnership with the State to ensure a successful and valuable contract, and ethical practices are required of State employees, Contractors, and all parties representing the Contractor. All work performed under this Contract will be subject to review by the Inspector General of the State of Florida, and any findings suggesting unethical business practices may be cause for termination or cancellation.

  • Personnel Practices Section 1. The parties agree to establish a Labor-Management Committee to consult on personnel practices. The Committee will consist of five (5) representatives selected by the County and five (5) representatives by the SEIU Local 721. The Chief Executive Officer will designate a representative from CEO/Employee Relations and Department of Human Resources who have authority to resolve issues. The Committee will meet quarterly and consult on County-wide personnel practices including, but not limited to, performance evaluations, appraisals of promotability, grievance, arbitration, appeal processes, and resolution and payment of awards.

  • Data Practices The Public Entity agrees with respect to any data that it possesses regarding the G.O. Grant, the Project, or the operation of the Real Property and, if applicable, Facility, to comply with all of the provisions and restrictions contained in the Minnesota Government Data Practices Act contained in Chapter 13 of the Minnesota Statutes that exists as of the date of this Agreement and as such may subsequently be amended, modified or replaced from time to time.

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