Production Operations definition
Examples of Production Operations in a sentence
The expenditure incurred in respect of Development Operations, other than drilling operations, and Production Operations will be allowable as per the provisions of the Income-tax Act, 1961.
In case the Facility Decommissioning Program indicates a prospect of additional Production after the end of the effectiveness of the Agreement, the Contracting Party may, based on ANP’s opinion, determine the actions for ensuring continuity of the Production Operations.
Similar provisions shall apply in respect of Development Operations and Production Operations.
The Government has identified the Program Manager, Production Operations Manager and Supply Chain Manager as Key Personnel, all of whom shall be 100% dedicated to the contract.
Production Costs are expenditures incurred on Production Operations after the start of production from the Field (which are other than Exploration and Development Costs).