Oil Field definition

Oil Field means, within the Contract Area, an Oil Reservoir or a group of Oil Reservoirs within a common geological structure or feature.

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Oil Field means an area which the appropriate authority (within the meaning of paragraph 1(2) of Schedule 1 to the Oil Taxation Act 1975) has determined to be an oil field for the purposes of Part 1 of that Act,

Oil Field means an area consisting of a single Reservoir or multiple Reservoirs all grouped on, or related to, a common geological structure or stratigraphic feature, from which Crude Oil may be producedand which is designated as such by ROC.

Examples of Oil Field in a sentence

The Contractor shall maintain physical and accounting controls of all materials and equipment in stock in accordance with Good Oil Field Practice.
The transitional arrangements for the Bayu-Undan Gas Field and the Kitan Oil Field are implemented in accordance with the Exchange of Correspondence on Bayu-Undan and Kitan Transitional Arrangements.
The relevant Timor-Leste statutory authority shall provide information to the Governance Board established under Article 7 of Annex B of this Treaty on an annual basis regarding the operation and decommissioning of the Bayu-Undan Gas Field and the decommissioning of the Kitan Oil Field.
For transportation cost from points other than Eastern ▇▇▇▇▇, the 30,000 pound Oil Field Haulers Association interstate truck rate shall be used.
The plans shall be reviewed annually and amended from time to time as may be necessary to ensure its continuing compliance with Good Oil Field Practice.

More Definitions of Oil Field

Oil Field means a field from which more than fifty (50) percent of the estimated reserves comprise Crude Oil.

Oil Field means an accumulation of Petroleum within the Contract Area composed of one or several overlapping oil-bearing zones, within one trap or within associated traps of the same independent geological structure, which may or may not be complicated by faulting, and which has been determined to be of commercial value.

Oil Field means, within the Contract Area, an oil reservoir or a group of oil reservoirs within a common geological structure(s) or feature(s).

Oil Field has the same meaning as in OTA 1975,

Oil Field means a Field containing primarily Oil.

Oil Field means any area where any operation for the purpose of obtaining natural gas or petroleum, or both, crude oil, partially refined oil and any of the products of petroleum in liquid form or solid State is be, or is to being carried on;

Oil Field means an area within the Contract Area consisting of a single Oil Reservoir or multiple Oil Reservoirs all grouped on or related to the same individual geological structure, or stratigraphic conditions, designated by agreement between the Companies and the Licensee and approved by the Management Committee (to include the maximum area of potential productivity in the Contract Area in one or more simple geometric shapes) in respect of which a Commercial Discovery has been declared and a Development Plan has been approved in accordance with Article 9 hereof and a reference to an Oil Field shall include a reference to the production of Associated Natural Gas from that Oil Field as if such Associated Natural Gas was being produced from a separate Field.