Development Facilities definition
Examples of Development Facilities in a sentence
A Party in default shall have no further access to the rig, Platform or Development Facilities, any Confidential Data or other maps, records, data, interpretations, or other information obtained in connection with activities or operations hereunder or be allowed to participate in meetings.
The Participating Parties shall pay all costs necessary to connect a Non-consent Well to the Platform and/or Development Facilities and that proportionate part of the costs of operating and maintaining the Platform and/or Development Facilities applicable to the Non-consent Well.
No approval by the Parties will be necessary for Operator to proceed with the government required well abandonment, or Platform and Development Facilities removal.
Subject to Exhibit "C", regardless of whether or not the construction, acquisition, or refurbishment of a Platform and/or Development Facilities is commenced, all costs incurred by Operator, attributable to that activity, shall be paid by the Participating Parties.
The construction, acquisition, or refurbishment of an approved Platform and/or Development Facilities proposal shall be deemed to have commenced on the date the contract is awarded for the design, acquisition, fabrication, or refurbishment of the Platform and/or Development Facilities.
If approved, that proposal will be binding on all Participating Parties in that Platform and/or Development Facilities, and the Operator shall commence that expansion or modification at the sole cost and risk of all of the Participating Parties in that Platform and/or Development Facilities unless otherwise agreed.
Payment of sums under this Article 13.9.1 is not a purchase of an additional interest in the Platform or the Development Facilities.
Operator may enter into contracts with qualified and responsible independent contractors for the design, construction, installation, drilling, production or operation of wells, Platforms and Development Facilities.
Operator shall endeavor to keep the Contract Area, wells, Platforms, Development Facilities, and other equipment ▇▇▇▇ from all liens and other encumbrances occasioned by operations hereunder, except those provided in Article 8.6 (Security Rights).
When the Parties owning wells, Platforms and/or Development Facilities unanimously ag▇▇▇ ▇o dispose of the wells, Platforms and/or Development Facilities, it shall be d▇▇▇▇▇ed of by Operator in the time and manner approved by the Parties.