FIELD DEVELOPMENT Clause Samples
The FIELD DEVELOPMENT clause outlines the obligations and procedures for planning, constructing, and operating facilities necessary to extract and produce resources from a designated field. It typically details the requirements for submitting development plans, obtaining necessary approvals, and adhering to technical and environmental standards throughout the project lifecycle. This clause ensures that field development is conducted efficiently, safely, and in compliance with regulatory and contractual expectations, thereby minimizing operational risks and clarifying responsibilities between parties.
FIELD DEVELOPMENT. 17.1 When all the Parties have given notice of their accession to a development plan, or when a development is adopted as a sole risk project pursuant to Article 19, the development shall take place on behalf of the participating Parties. After the Ministry's approval of the plan, the development shall be carried out with no undue delay.
17.2 If the Ministry has not approved the development plan within six (6) months after having received the application for approval of the development plan, or a proposed sole risk development, a Party may withdraw his accession to the development plan unless contracts for delivery or renting of production facilities or other major equipment have been entered into with his consent. If no contracts for delivery or renting of production facilities or other major equipment have been entered into within two (2) years after the development plan has been approved, a Party may withdraw his accession to the development plan. V SOLE RISK OPERATIONS
FIELD DEVELOPMENT. 33
17.1 When all the Parties have given notice of their accession to a PDO, or when a development is adopted as a sole risk project pursuant to Article 19, the development shall take place on behalf of the participating Parties. 33
17.2 If the Ministry has not approved the PDO within six (6) months after having received the application for approval of the PDO, or a proposed sole risk development, a Party may withdraw his accession to the PDO unless contracts for delivery or renting of production facilities or other major equipment have been entered into with his consent. If no contracts for delivery or renting of production facilities or other major equipment have been entered into within two (2) years after the PDO has been approved, a Party may withdraw his accession to the PDO. 33
FIELD DEVELOPMENT. Connection of the ▇▇▇▇▇▇ ▇▇▇▇▇ platform to the ▇▇▇▇▇ pipeline (via UHGP) for gas export Suite of Main Agreements (Refer to Note 1) Stream Crude oil Gas Condensate NGLs Produced Water Notes
FIELD DEVELOPMENT. Connection of the ▇▇▇▇ ▇▇▇▇▇ platform to the ▇▇▇▇▇ pipeline (via UHGP) for gas export Suite of Main Agreements (Refer to Note 1) Notes
FIELD DEVELOPMENT. Sub-sea tie-back to Alvheim FPSO, wet gas evacuation route via a sub-sea tie-in to ▇▇▇▇▇ pipeline Suite of Main Agreements (Refer to Note 1) Ref: Commercial Arrangement/Agreement title The Alvheim TPA Agreement for the Transportation and Processing of Alvheim Export Gas through the SAGE System The Alvheim CTA Construction, installation and tie-in agreement with respect to the transportation and processing of Alvheim export gas through the SAGE system Field Details Field Name Alvheim Licence PL088BS, PL036C, PL203 Block Number 24/6, 25/4, 25/7 Operator Marathon Petroleum Norge AS Partners Marathon Petroleum Norge AS , Marathon Petroleum Company (Norway), Norske ConocoPhillips AS, ▇▇▇▇▇▇ Norway AS Field Streams/Characteristics Stream Crude oil Gas Condensate NGLs Produced Water Relevant (Y/N) Y Y Unique characteristics (refer to Note 2) Reserves 200 GCF Initial Rate 15 MMscfd Plateau 2 years Plateau/Peak production 30 MMscfd