Examples of Development and Production Operations in a sentence
Each Annual Work Program and corresponding Annual Budget shall be broken down into the various Exploration Operations and, as applicable, the Appraisal operations for each Appraisal Area and the Development and Production Operations for each Development and Production Area.
In case of a Commercial Discovery, the Concessionaire shall establish an operating company in the Federation responsible for the Development and Production Operations.
The Licensee shall diligently and in good faith carry on all Exploration Operations, Appraisal Operations, Development and Production Operations, other Petroleum Operations and any other activities, operations or obligations pursuant to this Licence or in the Licence Area in accordance with the Best Industry Practice and the relevant approved Work Programme and Budget.
That analysis has shown that issuance of this permit would not have a significant impact on a substantial number of small entities.Attachment A December 5, 2012 FACT SHEET Proposed National Pollutant Discharge Elimination System (“NPDES”)General Permit No. CAG280000 for Offshore Oil and Gas Exploration, Development and Production Operations off Southern California.
In the event there are facilities and equipment in an area adjacent to or near the Contract Area which have excess capacity that could be utilized by Contractor, the Ministry may, considering the efficiency and economic management of existing resources, cause such facilities and equipment to be made available to Contractor for any Development and Production Operations, provided, however, that such Development and Production Operations shall not interfere with the ongoing operations in that area.
Domestic Development and Production Operations In the first half of 2018, in its development of oil and gas fields, the Group continued to push forward the steady production of crude oil by formulating production plans in a scientific way, intensifying the classified management of oil reserves and strengthening the organisation and production of such key capacity projects as Mahu and Huaqing.
In the exercise of this right, THE CONTRACTOR will perform the activities and conduct the operations that are the purpose of this Agreement, at its sole cost and risk, providing all necessary resources to project, prepare and perform all activities and Exploration, Assessment, Development and Production Operations in the Contract Area.
Such assignment, transfer, or other disposition shall be subject to the payment of a non-recoverable, non-deductible fee (“Transfer Fee”) of (i) one percent (1%) of Book Value of the assignment, transfer, or disposition when such occurs during the Exploration Periods, and (ii) two percent (2%) of Book Value of the assignment, transfer, or disposition when such occurs during Development and Production Operations, and other non-monetary requirements stipulated in the authorization issued by the Ministry.
All eligible expenditures incurred by the Contractor in respect of Petroleum Operations on Exploration, Development and Production Operations done under this Contract which are allowable as deduction u/s 42 of Income Tax Act, 1961 or under equivalent provisions in subsequent acts/ laws for the purpose of computation of Taxable income shall be allowed as deduction.
Domestic Development and Production Operations In the first half of 2019, the Group made every effort to focus on the improvement of production output of key areas and fields such as Southwest Shale Gas, Xinjiang Mahu and Jimsar, Dagang Oilfield, etc., and vigorously implemented the control of decline rate of old oilfields and enhanced oil recovery projects to ensure that the output of crude oil has risen steadily and that of natural gas has increased rapidly.