Daywork Basis definition

Daywork Basis means Contractor shall furnish equipment, labor, and perform services as herein provided, for a specified sum per day under the direction, supervision and control of Operator (inclusive of any employee, agent, consultant or subcontractor engaged by Operator to direct drilling operations). When operating on a Daywork Basis, Contractor shall be fully paid at the applicable rates of payment and assumes only the obligations and liabilities stated herein. Except for such obligations and liabilities specifically assumed by Contractor, Operator shall be solely responsible and assumes liability for all consequences of operations by both parties while on a Daywork Basis, including results and all other risks or liabilities incurred in or incident to such operations.
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Daywork Basis means Contractor shall furnish equipment, labor and perform services as herein provided, for a specified sum per day under the direction and supervision of Company.
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Daywork Basis means Contractor shall furnish equipment, labor, and perform services as herein provided, for a specified sum per day under the direction, supervision and control of Operator (inclusive of any employee, agent, consultant or subcontractor engaged by Operator to direct drilling operations). When operating on a Daywork Basis, Contractor shall perform in a good and workmanlike manner, with due diligence and dispatch, in accordance with good oilfield practices and shall be fully paid at the applicable rates of payment and assumes only the obligations and liabilities stated herein. Except for such obligations and liabilities specifically assumed by Contractor, Operator shall be solely responsible and assumes liability for all consequences of operations by both parties while on a Daywork Basis, including results and all other risks or liabilities incurred in or incident to such operations.
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Examples of Daywork Basis in a sentence

  • In the event the hole should be lost or damaged while Contractor is performing Work on a Daywork Basis, Company shall assume liability for damage to or destruction of Contractor’s in-hole equipment, including, but not limited to, drill pipe, drill collars, and tool joints, and Company shall reimburse Contractor for the value of any such loss or damage; the value to be determined by agreement between Contractor and Company as current repair or replacement cost of such equipment delivered to the wellsite.

  • The setting of any string of casing below the Turnkey Depth and not specified as part of Contractor's turnkey obligation shall be performed on a Daywork Basis under the direction of Operator, and Operator shall pay Contractor for all time so consumed at the applicable daywork rate.

  • If during such operations the mud weight requirement, in Contractor's sole opinion, exceeds that anticipated, work shall immediately convert from a Turnkey Basis to a Daywork Basis.

  • While operations are being performed on a Daywork Basis, or after Turnkey Depth is reached, Contractor agrees to use its best efforts to maintain the straight hole specifications, if any, set forth in Appendix C, but all risk and expense of maintaining such specifications or restoring the hole to a condition suitable to Operator shall be assumed by Operator.

  • Contractor shall measure the total length of drill pipe in service with a steel tape at the point where the Turnkey Depth has been reached, and when requested by Operator, on a Daywork Basis, before setting casing or liner and after reaching final depth.

  • During operations on a Daywork Basis, Operator shall have the right to control the mud program.

  • If work is terminated by either Operator or Contractor as a result of loss of or damage to the hole while Contractor is working on a Daywork Basis prior to reaching Turnkey Depth, Operator shall pay Contractor the Turnkey Price specified in Appendix A less the amount calculated pursuant to the proration formula specified in Appendix A, less the cost of any logs not run which were specified in Appendix C, plus payment for work performed at the applicable daywork rates.

  • Regardless of whether the work is being performed on a Turnkey Basis or a Daywork Basis, Contractor shall at all times be responsible for and hold harmless and indemnify Operator for damage to or destruction of Contractor's surface equipment, and Operator shall be under no liability to reimburse Contractor for any such loss except for such loss or damage provided in Paragraphs 605 and 1005.

  • In the event the hole should be lost or damaged while Contractor is working on a Daywork Basis, Operator shall be responsible for and hold harmless and indemnify Contractor for such damage to or loss of the well, including the casing therein, as well as for cost of control of any wild well.

  • If, in the opinion of Operator, it becomes advisable to obtain the use of an additional slope test instrument and accessory equipment for the purpose of either checking previous readings or of determining the direction of the drift, the rental charges therefor shall be paid by Operator, and the running of same shall be on a Daywork Basis.


More Definitions of Daywork Basis

Daywork Basis means [Palmer] shall furnish equipment, labor, and perform services as herein provided, for a specified sum per day under the direction, supervision and control of [Primrose]. Except for such obligations and liabilities specifically assumed by [Palmer, Primrose] shall be solely responsible and assumes liability for all consequences of operations by both parties while on a daywork basis, including results and all other risks or liabilities incurred in or incident to such operations.
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Related to Daywork Basis

  • Additional Book Basis means the portion of any remaining Carrying Value of an Adjusted Property that is attributable to positive adjustments made to such Carrying Value as a result of Book-Up Events. For purposes of determining the extent that Carrying Value constitutes Additional Book Basis:

  • Additional Book Basis Derivative Items means any Book Basis Derivative Items that are computed with reference to Additional Book Basis. To the extent that the Additional Book Basis attributable to all of the Partnership’s Adjusted Property as of the beginning of any taxable period exceeds the Aggregate Remaining Net Positive Adjustments as of the beginning of such period (the “Excess Additional Book Basis”), the Additional Book Basis Derivative Items for such period shall be reduced by the amount that bears the same ratio to the amount of Additional Book Basis Derivative Items determined without regard to this sentence as the Excess Additional Book Basis bears to the Additional Book Basis as of the beginning of such period.

  • Dayworks means Work inputs subject to payment on a time basis for labour and the associated materials and plant.

  • Book Basis Derivative Items means any item of income, deduction, gain or loss that is computed with reference to the Carrying Value of an Adjusted Property (e.g., depreciation, depletion, or gain or loss with respect to an Adjusted Property).

  • Share of Additional Book Basis Derivative Items means in connection with any allocation of Additional Book Basis Derivative Items for any taxable period, (i) with respect to the Unitholders holding Common Units, Class B Units or Subordinated Units, the amount that bears the same ratio to such Additional Book Basis Derivative Items as the Unitholders’ Remaining Net Positive Adjustments as of the end of such period bears to the Aggregate Remaining Net Positive Adjustments as of that time, (ii) with respect to the General Partner (as holder of the General Partner Units), the amount that bears the same ratio to such Additional Book Basis Derivative Items as the General Partner’s Remaining Net Positive Adjustments as of the end of such period bears to the Aggregate Remaining Net Positive Adjustment as of that time, and (iii) with respect to the Partners holding Incentive Distribution Rights, the amount that bears the same ratio to such Additional Book Basis Derivative Items as the Remaining Net Positive Adjustments of the Partners holding the Incentive Distribution Rights as of the end of such period bears to the Aggregate Remaining Net Positive Adjustments as of that time.