First Oil definition

First Oil means, in respect of each Development and Production Area, the date on which production of Hydrocarbons under a program of regular production, lifting and sale commences.
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First Oil shall have the meaning ascribed in Clause 3.1.2(a);
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First Oil means the event upon which Petroleum is being introduced in the process plant of the FPSO and has passed the Entry Points;
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Examples of First Oil in a sentence

  • First Oil: date at which the first measurement of volumes of Oil and Natural Gas takes place in one of the Production Measuring Points in each Module of the Development Stage.

  • For purposes of evaluation of the Local Content, the Development Phase shall start on the submission date of the Declaration of Commercial Feasibility originating the field and shall end, for each Development Module, upon the first of: the lapse of ten (10) years after the Flow of First Oil; withdrawal, by the Contracted Party, from the Development of the Development Module; or performance of the investments set forth in the Development Plan, except those related to the abandonment of the field.

  • During 2012 EnQuest acquired interests in Kraken from Nautical Petroleum plc (25%) and First Oil plc (15%).

  • For purposes of determination of the Local Content, the Development Phase shall start on the date of submission of the Declaration of Commercial Feasibility and shall end, for each Development Module, upon the first of: the lapse of ten (10) years after the Flow of First Oil; the abandonment by the Concessionaire of the Development of the Development Module; or the investments set forth in the Development Plan, except those related to field abandonment.

  • For purposes of determination of the Local Content, the Development Phase shall start on the date of submission of the Declaration of Commercial Feasibility and shall end, for each Development Module, upon the first of: the lapse of ten (10) years after the Flow of First Oil; withdrawal, by the Contractor, of the Development for the Development Module; or the investments set forth in the Development Plan, except those related to field abandonment.

  • In addition, the Group will, subject to securing funding, cover 42.85% of the capital expenditures and operating expenses of the Block to First Oil, being its 17.14% pro rata of an aggregate 40% participating interest held by it and the potential Funding Partner.

  • While the ratio nose-dived in 1975 (the First Oil Recession) and stayed at around 0.6 (i.e., only six jobs were available for every 10 job seekers), it began to increase after 1987.

  • On April 01, 2005, following handover of the Field in November 2004, Platform executed a Joint Venture Agreement with Newcross Petroleum Limited resulting in a 60/40 Equity ownership of the Field with Platform remaining the Operator.➢ The Phase I development of the Field was kicked off in August 2005, culminating in First Oil, achieved on December 01, 2007.

  • Department of Labor, Bureau of Labor Statistics, corresponding to the month of the signature of the Contract; The first update of the amounts of the prices of the Tender Protocol will be held in the month prior to the Extraction of First Oil, with the last index number published.

  • The new plan added the category of opportunistic credit and emerging market debt with the goal of further diversifying the investment of the ERB.

Related to First Oil

  • BMC has the meaning assigned thereto in the Recitals hereof.

  • Plinth means the portion of a structure between the surface of the surrounding ground and surface of the floor immediately above the ground.

  • First Horizon First Horizon Home Loan Corporation, a Kansas corporation and an indirect wholly owned subsidiary of First Tennessee National Corporation, a Tennessee corporation. Fitch: Fitch Ratings or any successor thereto. If Fitch is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 11.5(b) the address for notices to Fitch shall be Fitch, Inc., Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Residential Mortgage Surveillance Group, or such other address as Fitch may hereafter furnish to the Depositor and the Master Servicer.

  • First Storey means that part of a building having a floor area closest to grade with a ceiling height of more than 1.8 metres (6 ft.) above grade.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • CPN is a Common Channel Interoffice Signaling ("CCIS") parameter which refers to the number transmitted through a network identifying the calling party.

  • snippet means with respect to any Material Contract, a consent and agreement in favor of the Term Loan Collateral Agent (for the benefit of the Secured Parties) in substantially the form attached hereto as Exhibit F or otherwise in form and substance reasonably satisfactory to the Term Loan Collateral Agent and the Administrative Agent.","hash":"b253905eac2329f4ce5deee359573d97","id":7},{"snippetLinks":[{"key":"the-consent","type":"clause","offset":[6,17]},{"key":"dated-as-of","type":"definition","offset": [32,43]},{"key":"march","type":"clause","offset":[44,49]},{"key":"the-bank","type":"clause","offset":[72,80]},{"key":"sumitomo","type":"definition","offset":[87,95]},{"key":"heavy","type":"clause","offset":[96,101]},{"key":"industries","type":"clause","offset":[102,112]},{"key":"ltd","type":"clause","offset":[114,117]},{"key":"solely-for-purposes-of- section","type":"clause","offset":[120,150]},{"key":"borrower-and","type":"clause","offset":[173,185]},{"key":"certain","type":"clause","offset":[186,193]},{"key":"subsidiaries","type":"clause","offset":[208,220]}],"samples":[{"uri":"/contracts/8I1kKDYnIWF#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21},{"uri":"/contracts/ef30eXHgcuS#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21},{"uri":"/contracts/dwF8yXcI2kh#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21}],"size":6,"snippet":"means the Consent and Agreement dated as of March 30, 2009 by and among the Bank, SEN, Sumitomo Heavy Industries, Ltd. (solely for purposes of Section 2(b) thereunder), the Borrower and certain of Borrower’s Subsidiaries named therein.","hash":"e15b2264efd3078b83ce802817c2631f","id":8},{"snippetLinks":[{"key":"a-consent","type":"clause","offset":[6,15]},

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Natural gas company ’ means a person engaged in the transportation of natural gas in interstate commerce, or the sale in inter- state commerce of such gas for resale.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Falconry means the sport of taking quarry by means of a trained raptor.

  • Gas company means any person distributing gas within the corporate limits or authorized and proposing to so engage.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • mariner means a person who is employed under a contract of service either as a master or member of the crew of any ship or vessel, or in any other capacity on board any ship or vessel, where—

  • Junkyard means an establishment or place of business which is maintained, operated or used for storing, keeping, buying or selling junk, or for the maintenance or operation of an automobile graveyard, including garbage dumps and sanitary fills.

  • IOSCO means the International Organisation of Securities Commissions.

  • Asset management means a systematic process of operating and maintaining the state system of

  • Summer Season in any year, means the Season commencing on 01 April in that year;

  • Graywater means untreated wastewater that has not been contaminated by any toilet discharge, has not been affected by infectious, contaminated, or unhealthy bodily wastes, and does not present a threat from contamination by unhealthful processing, manufacturing, or operating wastes. "Graywater" includes, but is not limited to, wastewater from bathtubs, showers, bathroom washbasins, clothes washing machines, and laundry tubs, but does not include wastewater from kitchen sinks or dishwashers. Health and Safety Code Section 17922.12.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Falcon has the meaning set forth in the preamble to this Agreement.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Spring means a source of water where an aquifer comes in contact with the ground surface.

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Basin means a groundwater basin or subbasin identified and defined in Bulletin 118 or as modified pursuant to Chapter 3 (commencing with Section 10722).

  • Secondary Suite means an accessory dwelling unit that is attached to a single-family residential building on a lot in a zone that permits a single family residential building; (Bylaw 8036 & 8360)