first production definition
first production means, with respect to a development area, the moment when commercial production of crude oil or non-associated natural gas (as the case may be) first commences from that development area, by flowing at the rate forecast in the development plan without interruption for a minimum of forty-eight (48) hours;
first production means the moment when Commercial Production of Crude Oil or Non-Associated Natural Gas (as the case may be) first commences, by flowing at the rate forecast in the Development Plan without interruption for a minimum of forty eight (48) hours. Force Majeure is defined in Article 40.2. Gas Development is defined in Article 14.10.
first production for each limited liability company, the date on which the first sale or delivery of Products occurs, either within the borders of Mali or by export, excluding any operations carried out by way of trial.
Examples of first production in a sentence
The Purchaser will provide the Supplier with written notice on the same day as the occurrence of each of: (i) First Production and (ii) the Commencement of Commercial Production.
More Definitions of first production
first production means, in respect of Block 58, the date on which production of Crude Oil first commences after approval of a development plan therefor under the Block 58 Production Sharing Contract; it being understood that the Republic shall promptly notify the Oil-linked Securities Trustee and the Holders of the occurrence of First Production, and in any event within 5 Business Days of its occurrence, in accordance with paragraph 15 (Notices) hereto.
first production means and shall be deemed to have been achieved on the day on which the Production Facility has commenced operations and there has been production of Lithium Products.