Offshore unit definition

Offshore unit means any fixed or floating offshore installation or structure engaged in gas or oil exploration, exploitation or production activities, or loading or unloading of oil;
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Offshore unit means a unit or department of a licensed commercial bank carrying on banking business, subject to the provisions of Part IV of the Banking Act, No. 30 of 1988, dealing with Offshore Banking;
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Offshore unit means any shuttle tanker, floating production, storage and offloading unit, floating, storage and offtake unit, unit for maintenance and safety, towing and offshore installation vessel, conventional tanker, other vessel and any other infrastructure- or sustainability-linked unit or vessel, whose primary purpose is the storage, transportation, utilization, processing, development or exploration and/or production (or services and/or support to the same) of crude oil, hydrocarbons, advanced fuels, renewable energy, ammonia, hydrogen, carbon mitigation, fuel cells, other infrastructure or sustainability-linked products and similar products or technologies, in each case together with all related spares, equipment and any additions or improvements thereto.
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Examples of Offshore unit in a sentence

  • Offshore unit: Installations and equipment for petroleum activity, but not supply- and auxiliary vessels, or petroleum bulk carriers.

  • The contractor shall be responsible for all statutory requirements e.g. ESI, PF, labour registrations, insurance coverage etc.

  • TTS Group has no obligation related to financing or funding of the Jiangnan company.For the offshore sector, the fall in oil price has led to a significant reduction in demand for new equipment, significantly reducing the order backlog for TTS’ Offshore unit.

  • Similarly, performance in our Nabors Offshore unit should be minimally impacted as a high number of existing rig contracts are bolstered by the deployment of our new MODS™ Rig 202 on a long-term contract in deep water.

  • The Company made the decision to offer a rental model to its customers, rather than providing the option of sold units through its Offshore unit.


More Definitions of Offshore unit

Offshore unit means any platforms and other manmade offshore structures, fixed or floating offshore installations or structure engaged in exploration, exploitation or production activities related to hydrocarbon resources or their loading or unloading;
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Offshore unit means any vessel, offshore installation, structure and/or mobile unit used in offshore exploration, construction, pipe-laying or repair, exploitation or production.
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Offshore unit means an installation or other facility used in the petroleum activity, irrespective of whether the construction is fixed or mobile. The term offshore unit also includes pipelines and cables used in the petroleum activity;
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Offshore unit meansUnits” means any vessel, offshore installation, structure and/or mobile offshore
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Offshore unit means any shuttle tanker, floating production, storage and offloading unit, floating, storage and offtake unit, unit for maintenance and safety, towing and offshore installation vessel, conventional tanker and other vessel, whose primary purpose is the storage, transportation, processing and exploration and production for crude oil or hydrocarbons, in each case together with all related spares, equipment and any additions or improvements thereto.
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Offshore unit is defined for the purposes of this Charter Party as any vessel, offshore installation, structure and/or mobile unit used in offshore exploration, construction, pipelaying or repair, exploitation or production.
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Offshore unit means any structure of whatever nature when not permanently fixed into the sea bed which
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