Operatorship definition

Operatorship means the exclusive right, privilege and obligation of exercising any rights granted by the owners or the board to act as operator of a well or drilling unit which rights are necessary and effective for prospecting for, producing, storing, allocating and distributing oil and gas extracted from a well or a drilling unit.
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Operatorship means responsibility assigned to any person, company or entity to conduct petroleum operations on behalf of the Licensee in the Licence Area.
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Operatorship has the meaning given to it in Clause 2.1(ii).
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Examples of Operatorship in a sentence

  • Nothing contained in the Agreement shall be construed to create an association, trust, Operatorship, agency or joint venture among the Parties and the Parties shall be liable to perform their respective duties and discharge their respective liabilities or obligations in accordance with the provisions of the Agreement.

  • The firm applying for C&F Operatorship should be registered in the same State (GST registration in the same state) where the subject depot is situated.

  • The firm applying for C&F Operatorship should be registered in the same State where the subject depot is situated.

  • The firm applying for COD Operatorship should be registered in the same State where the subject depot is to be situated.

  • Parent Company Guarantee of a multinational exploration and production Company of international repute with a proven track record or a corporate guarantee of a local exploration and production company having Operatorship with majority working interest in a producing field within Pakistan against its own financial commitment.

  • By the Date of Transfer of Operatorship, the Parties shall enter into the charter of the JOC which shall embody the principles set out in this JOC Heads of Agreement.

  • The BOD shall assume its duties and authorities as from the Date of Transfer of Operatorship.

  • If the proposed transfer or assignment is subject to a non-disclosure or confidentiality agreement between the operator and the transferee, the operator will indicate such on the Form 9 and the director will keep the Form 9 and any other associated information confidential pursuant to C.R.S. § 24-72-204(3)(a)(IV) until the Form 9, Transfer of Operatorship - Subsequent is filed.

  • The operator shall notify the CDD about the proposed assignment by providing COGCC Form 9, Transfer of Operatorship – Intent at least thirty (30) days, or as soon as practicable, before the anticipated transfer or assignment date.

  • Operatorship including all books and records shall be transferred to FOD.


More Definitions of Operatorship

Operatorship means the period in which a person is the Operator;
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Operatorship means the duties of the Operator as defined under the JOA.
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Operatorship has the meaning given to it in Clause 2.1(ii). 1.47 Participating Interest means (i) in relation to the Contract, as to any Party that is a party under the Contract the undivided interest of such party expressed as a percentage of the total interest of all parties in the rights and obligations in and under from the Contract; and (ii) in relation to the JOA, as to any party to the JOA, the undivided interest of such party expressed as a percentage of the total interest of all parties in the rights and obligations in and under the JOA.
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Operatorship has the meaning given to it in Clause 2.1(ii). 1.47 Participating Interest means (i) in relation to the Contract, as to any Party that is a party under the Contract the undivided interest of such party expressed as a percentage of the total interest of all parties in the rights and obligations in and under from the Contract; and (ii) in relation to the JOA, as to any party to the JOA, the undivided interest of such party expressed as a percentage of the total interest of all parties in the rights and obligations in and under the JOA. 1.48 Past Costs has the meaning given to it in Clause 4.1(iv). 1.49 Parent Company Guarantee has the meaning given to it in Clause 4.1(v). 1.50 Permits means all easements, permits, licences, certificates, servitudes, surface leases, rights-of-way and other rights pertaining to, or used or held for use in connection with the Contract and operations under the JOA. 1.51 Post Closing Termination Right has the meaning given to it in Clause 4.3. 1.52 Records means all Kenyan accounting records, tax records, agreements, documents, computer files and tapes, maps, books, records, accounts, geological, geophysical, reservoir and engineering data, environmental reports, studies and all other files of Farmor relating to the Farmout Interest, the Operatorship and the Contract. This definition shall not include any information, over which legal privilege would extend, Xxxxxx's interpretation of the Records or managerial reports and decision-making documents. 1.53 Retained Interest means the thirty five percent (35%) Participating Interest in the Contract, held by the Farmor after the transfer of the Farmout Interest. 1.54 Rules has the meaning given to it in Clause 10.2(iii). 1.55 Security means any parent company guarantee or any other guarantee which may be provided by a Party in favour of the Government, if so required by the Government, with respect to the discharge of its obligations under the Contract. 1.56 Supplementary Attributable Costs has the meaning given to in Clause 4.1(vi). 1.57 Supplementary Attributable Costs Letter of Credit means an letter of credit to be provided by the Farmor or an Affiliate to the Farmee to guarantee the repayment to the Farmee of any Supplementary Attributable Costs pursuant to Clause 3.3(vi). 1.58 3D Acquisition has the meaning given to it in Clause 4.1(ii)(b)(2). -7- 1.59 Transferring Party has the meaning given to in Clause 13.1(iii). 1.60 Transitional Agreement means the agreement to be entered i...
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Related to Operatorship

  • Wastewater facilities means the structures, equipment, and processes required to collect, carry away, and treat domestic and industrial wastes and dispose of the effluent.

  • Operators means the Access Provider and the Access Seeker collectively.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Reclamation means the United States Department of the Interior, Bureau of Reclamation.

  • Supply Agreements has the meaning set forth in Section 7.1.

  • Contracting and procuring means the systems for obtaining the supply of goods, materials, manufactured items, services, building and engineering services, works of construction and maintenance and for disposal of surplus and obsolete assets.

  • Transportation district and "district" shall mean the

  • Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Contract Area means the geographic maintenance area as negotiated between the Employer and the Province of BC.

  • Property management system means the Contractor’s system or systems for managing and controlling Government property.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Pipelines means those pipelines within the Storage Facility that connect the Tanks to one another and to the receiving and delivery flanges of the Storage Facility.

  • Coalition means an alliance of two or more political parties formed for the purpose of pursuing a common goal and is governed by a written agreement deposited with the Registrar;

  • Transportation means any land, sea or air conveyance required to Transport the Insured during an Emergency Evacuation. Transportation includes, but is not limited to, air ambulances, land ambulances and private motor vehicles.

  • Producers means the agents, general agents, sub-agents, brokers, wholesale brokers, independent contractors, consultants, affinity groups, insurance solicitors, producers or other Persons who sell the Insurance Contracts.

  • Operating Agreements means the management agreements, service contracts, supply contracts, leases (other than the Leases) and other agreements, if any, in effect with respect to the construction, ownership, operation, occupancy or maintenance of the Property. All of the Operating Agreements in force and effect as of the date hereof are listed on Exhibit E attached hereto.

  • Reclamation plan means a plan submitted by an applicant for a permit which sets forth a plan for reclamation of the proposed surface coal mining operations pursuant to subsection 2 of section 38-14.1-14.

  • Railroad facilities means right of way and related

  • Refinery means a facility used to produce motor fuel from crude oil, unfinished oils, natural gas liquids, or other hydrocarbons and from which motor fuel may be removed by pipeline, by marine vessel, or at a rack.

  • contract worker means a natural person who is —

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Mining means the mining, extracting, producing, handling, milling or other processing of Products.

  • Plant means the machinery and apparatus intended to form or forming part of the Works.

  • Health care facilities means buildings, structures, or equipment suitable and intended for, or incidental or ancillary to, use in providing health services, including, but not limited to, hospitals; hospital long-term care units; infirmaries; sanatoria; nursing homes; medical care facilities; outpatient clinics; ambulatory care facilities; surgical and diagnostic facilities; hospices; clinical laboratories; shared service facilities; laundries; meeting rooms; classrooms and other educational facilities; students', nurses', interns', or physicians' residences; administration buildings; facilities for use as or by health maintenance organizations; facilities for ambulance operations, advanced mobile emergency care services, and limited advanced mobile emergency care services; research facilities; facilities for the care of dependent children; maintenance, storage, and utility facilities; parking lots and structures; garages; office facilities not less than 80% of the net leasable space of which is intended for lease to or other use by direct providers of health care; facilities for the temporary lodging of outpatients or families of patients; residential facilities for use by the aged or disabled; and all necessary, useful, or related equipment, furnishings, and appurtenances and all lands necessary or convenient as sites for the health care facilities described in this subdivision.

  • Transportation Facilities means any physical facility that moves or assist in the movement of people or goods including facilities identified in OAR 660-012-0020 but excluding electricity, sewage, and water systems.