Full Field Development definition

Full Field Development means the date of first commercial production of Crude Oil from the Contract Area by the Contractor other than production associated with any Early Oil Production project. "Gas Utilisation Agreement" means the Gas Utilisation Agreement between SOCAR and the Pennzoil Group for Gunashli and Neft Dashlary Fields dated 1st October 1992 as extended and amended by (a) mutual exchange of letters of 14 December 1992 and 23/25 January 1993 and (b) Additional Agreement on the Gas Utilisation Project from Gunashli and Neft Dashlary Fields dated 17th January 1994; and as it may be further amended.
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Examples of Full Field Development in a sentence

  • SOCAR and Contractor anticipate that all of the following conditions necessary for commencement of Petroleum Operations toward achieving Full Field Development will be satisfied in a timely manner.

  • NOC has 52 mmbo as the basis for the following Full Field Development plan.

  • The following table shows the Full Field Development and the Minimum Work Program costs.

  • Independent Contractor agrees to assist Venoco by providing the following consulting services ("Services"): Assisting and supporting Venoco's Full Field Development Project for a minimum of 80 hours per month, as mutually agreed upon by Venoco and Independent Contractor at Venoco's Carpinteria offices.

  • Note that the total cost for the Full Field Development includes the costs associated with the Minimum Work Program.