Common use of Production System Clause in Contracts

Production System. A system or combination of systems on the Contract Area to develop, produce, store, distribute, and initiate the transportation of Hydrocarbons. The term includes: (a) an offshore surface structure, whether fixed, compliant, or floating; (b) a subsea structure or template designed as a guide to or to provide structural rigidity to one or more ▇▇▇▇▇; (c) any combination of the items mentioned in clauses (a) and (b); (d) any other type of structure designed to develop and produce Hydrocarbons; and (e) all associated components of the items mentioned above, including, but not limited to, a drilling rig, mooring lines, and anchor piles. Production System excludes Facilities, mobile offshore drilling units, and the facilities referred to in Article 15.2 (Facilities to Take in Kind).