Production Availability definition
Examples of Production Availability in a sentence
Each month, the Oil and Natural Gas produced in the Contract Area shall be shared in the proportion established in the report on calculation of the Contracting Party’s Profit Oil for the immediately preceding month, and such rule shall be included in the Oil or Gas Production Availability Agreement to be entered into by and between the Consortium Members.
The Contracted Party shall be ensured the free use of the volumes of Oil and Gas granted thereto, except for the provisions in paragraph 13.7. The Oil and Gas volumes produced shall be made available in compliance with the Oil or Gas Production Availability Agreement to be entered into by and between the Consortium Members before the beginning of the Production and the Extended Well Tests.
The Contracted Party shall be ensured the free use of the volumes of Oil and Gas granted thereto, except for the provisions in paragraph 17.7. The Oil and Gas volumes produced shall be made available in compliance with the Oil or Gas Production Availability Agreement to be entered into by and between the Consortium Members before the beginning of the Production and the Extended Well Tests.
If Production Availability falls below 99%, it shall be considered a minor failure; and if Production Availability falls below 98%, it shall be considered a major failure.
If NetWitness fails to meet the Production Availability standard in any two months within a three month rolling period (commencing from the month where the Production Availability standard first failed), then NetWitness shall issue to the Customer a service credit in an amount equal to the percentage by which NetWitness missed the Production Availability standard of the total fees received for the Service Offering for each of the months during which such failures were measured.
NetWitness shall measure and report on minutes of Potential Production Uptime, Production Downtime, and Production Availability for the Service Offering in the Production Environment.
The Natural Gas Production Availability Agreement, if necessary will dispose, at least, on: The right and the obligation of each Contracted Party and the Managing Party to remove and dispose of its share of Natural Gas produced in the Field.
The Contractors are assured the free availability of the volumes of Oil and Natural Gas granted to them, except as provided in paragraph 17.7. The availability of the volumes of Oil and Natural Gas produced will be carried out in accordance with the Oil or Natural Gas Production Availability Agreement to be entered into between the Consortium Members before the start of Production, including Extended Well Tests.
The Production Availability Agreement of the Oil Production will dispose, at least, on: The right and the obligation of each Consortium Member in removing and disposing of its share of Oil produced in the Field.
If RSA fails to meet the Production Availability standard in any two months within a three month rolling period (commencing from the month where the Production Availability standard first failed), then RSA shall issue to the Customer a service credit in an amount equal to the percentage by which RSA missed the Production Availability standard of the total fees received for the Service Offering for each of the months during which such failures were measured.