Final Decommissioning definition

Final Decommissioning. Means, with respect to the Oil & Gas Interests: (i) ending oil and gas operations; (ii) permanently plugging and abandoning all ▇▇▇▇▇ or re-abandonment of any well in accordance with all of the requirements of Section 7.2; (iii) removing the Ram ▇▇▇▇▇▇ Platform and all other platforms, equipment, and facilities, including without limitation the Platforms & Facilities; (iv) decommissioning all platforms, equipment and facilities, including without limitation the Platforms & Facilities; (v) decommissioning all pipelines, including without limitation the Pipelines; (vi) clearing the seafloor of all obstructions created by lease and pipeline operations; (vii) restoring and remediating the surface, sea floor and subsurface sites; (viii) performing any other activities necessary for decommissioning, abandonment and restoration; (ix) securing all approvals needed for the above from the BOEM/BSEE and other regulatory agencies; and (x) submitting all reports required by the BOEM/BSEE and other regulatory agencies, all of the foregoing being done in compliance with, and to the extent required to comply with, the Environmental Obligations and the requirements of the BOEM/BSEE and other regulatory agencies.
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Examples of Final Decommissioning in a sentence

  • One year prior to the commencement of the Decommissioning Phase of the Development Agreement (as per Section 2.1.3 of the Development Agreement) , the Developer will submit to MIRA a Final Decommissioning Plan.

  • Likewise, upon Purchaser’s or Affiliates performance of the Final Decommissioning for the entire Unit, Sellers shall release any remaining Seller Bonds, BOEM Bonds, and, if applicable, any Backstop Letters of Credit only if (i) Sellers and BSEE confirm the Final Decommissioning for the Unit is completed; (ii) BOEM agrees to release any remaining BOEM Bonds; and (iii) Purchaser requests in writing Sellers’ release of any remaining Seller Bonds, BOEM Bonds, and/or Backstop Letters of Credit.

  • Likewise, if Sellers have drawn down or called a Seller Bond or Backstop Letter of Credit for Unit Final Decommissioning work and Sellers complete the Unit’s Final Decommissioning work, then Sellers shall, promptly, remit to Surety or the relevant financial institution, the remaining proceeds of such Seller Bond or Backstop Letter of Credit that have not been spent or incurred on Unit Final Decommissioning work.

  • Upon Purchaser’s or its Affiliate’s performance of the Final Decommissioning for a Lease, Sellers shall release the BOEM Bond and, if applicable, any Backstop Letter of Credit for such Lease only if (i) Sellers and BSEE confirm the Final Decommissioning for the Lease is completed; (ii) BOEM agrees to release the BOEM Bond for the Lease; and (iii) Purchaser requests in writing Sellers’ release of the BOEM Bond, and/or Backstop Letter of Credit for the Lease.

  • This Final Decommissioning Plan will include a Scope of Work and Schedule of the Final Decommissioning of the CEF.

  • Purchaser shall pay all costs and expenses associated with any such plugging and abandoning, removal, restoration and decommissioning, including Final Decommissioning.

  • Purchaser assumes full responsibility and liability for all plugging, abandonment, re-abandonment, removal, restoration and decommissioning obligations with respect to the Oil & Gas Interests (including without limitation all those obligations defined in this Agreement as Final Decommissioning and all obligations under 30 CFR 250.1700 et seq.

  • CdA Contractor 1 year prior to completion of Construction No 22 Final Decommissioning PS 1l PS 3 Objective: To ensure that areas used for the operation period are returned as far as possible to their previous state and no ongoing environmental liabilities are left.

  • This document will identify: o TAC comments the recipient proposes to incorporate into the Final Decommissioning Readiness Assessment Plan.