2P definition

2P means Proved Plus Probable reserves.

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2P means Total Proved + Probable

2P means the Sum of Proved Reserves plus Probable Reserves

Examples of 2P in a sentence

• Form OC CE 2D is used only for development-related items, and form OC CE 2P is used only for procurement-related items.

• Form OC CE 2P should be completed and filed by the bidder, offeror, quoter, or respondent, and, if applicable, their authorized agent.

• The Relationship Disclosure Form (form OC CE 2D and form OC CE 2P) is a form created pursuant to the County’s Local Code of Ethics, codified at Article XIII of Chapter 2 of the Orange County Code, to ensure that all development-related items and procurement items presented to or filed with the County include information as to the relationship, if any, between the applicant and the County Mayor or any member of the Board of County Commissioners (BCC).

• Attachment F FAQS OC CE FORM 2P Date Submitted FOR PROCUREMENT-RELATED ITEMS (November 5, 2010) Date Updated FOR USE WITH PROCUREMENT ITEMS, EXCEPT THOSE WHERE THE COUNTY IS THE PRINCIPAL OR PRIMARY APPLICANT For procurement items that will come before the Board of County Commissioners for final approval, this form shall be completed by the bidder, offerer, quoter or respondent and shall be submitted to the Procurement Division by the bidder, offerer, quoter or respondent.

• Form OC CE 2P should be completed and filed by the proposer, offeror, quoter, or respondent, and, if applicable, their authorized agent.

More Definitions of 2P

2P means separate pointings for the two components, “1p” means one combined pointing

2P output service” means any service provided by a provider of service located in the taxable territory but shall not include a service,

2P has the meaning given in Appendix A: Glossary of Terms Used In Resource Evaluations of the PRMS.

2P. Unlawful Association’ means any association, -

2P output service” means any taxable service, excluding

2P means proved plus probable reserves; “3P” means proved plus probable plus possible reserves; “barrel(s)” or “bbl(s)” means a unit of volume measurement used for petroleum and its products; “boe” means barrels of oil equivalent; “F&D” means finding and development; “mmbbl” means million barrels; “possible reserves” means an incremental category of estimated recoverable volumes associated with a defined degree of uncertainty. Possible reserves are those additional reserves which analysis of geoscience and engineering data suggest are less likely to be recoverable than probable reserves. The total quantities ultimately recovered from the project have a low probability to exceed the sum of proved plus probable plus possible (3P), which is equivalent to the high estimate scenario; “probable reserves” means an incremental category of estimated recoverable volumes associated with a defined degree of certainty. Probable reserves are those additional reserves that are less likely to be recovered than proved reserves but more certain to be recovered than possible reserves. It is equally likely that actual remaining quantities recovered will be greater than or less than the sum of the estimated proved plus probable reserves (2P); “proved reserves” means in many cases, external regulatory reporting and/or financing requires that, even if only the proved reserves estimate for the project is actually recovered, the project will still meet minimum economic criteria; “PSC” means production sharing contract; and

2P tenant" means any person by whom or on whose account or behalf the rent of any building is, or but for special contract would be, payable and includes (in the event of his death the surviving spouse, or any son, or unmarried daughter or father or mother who has been living with him as a member of his family upto the date of his death and) a sub-tenant and also any person continuing in possession after the termination of his tenancy, but shall not include any person against whom any order or decree for eviction has been made."