Exploitation Concession definition

Exploitation Concession means any Exploitation Concession granted to the Parties pursuant to the Hydrocarbon Code and this Agreement, which derives from the Exploration Permits.
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Exploitation Concession means the Concession granted under the Geological and Mining Law for the Exploitation of Natural Gas and Oil of the type referred to in Article 15.2 of the Geological and Mining Law.
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Exploitation Concession means any Exploitation Concession granted to PETCO and ONHYM pursuant to the Hydrocarbon Code and the Petroleum Agreement which originates from one or more of the Exploration Permits;
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Examples of Exploitation Concession in a sentence

  • Any production in excess of 300 million cubic meters from an Exploitation Concession shall be subject to royalty at the rate of five percent (5%).

  • The production of the first 300 million cubic meters from an Exploitation Concession is exempt from the payment of royalty.

  • NATURAL GAS · For Natural Gas from an Exploitation Concession with a water depth less than or equal to 200 metres: the production of the first 300 million m(3) originating from each Exploitation Concession is exempted from the royalty payment; production above the first 300 millions m3 originating from each Exploitation Concession is subject to an annual royalty charge of 5%.

  • In the event of establishment of a joint operating company (“JO”), the Operator in the context of this Accounting Procedure will mean the JO with respect to the any Exploitation Concession, and PETCO or any successor Private Party to PETCO, with respect to the Exploration Permits.

  • This payment has to be made within thirty (30) days of the official granting of the Exploitation Concession.

  • KOSMOS shall contribute a further thirty thousand US dollars (US $30,000) for each twelve (12) month period for each additional Exploitation Concession up to a maximum aggregate amount of two hundred and fifty thousand dollars (US $250,000).

  • Unigold applied to convert the Xxxxx Sur area into an Exploitation Concession in early 2022.

  • The maximum term of the Exploitation Concession shall be for twenty­five (25) years.

  • The annual contribution to training shall be increased by twenty-five thousand US Dollars (US $25,000) each time an Exploitation Concession is granted, not to exceed a total annual amount of one hundred thousand US Dollars (US$100,000).

  • The purpose of this Agreement (of which the Appendices form part) is to specify the rights and obligations of the Parties resulting from the Exploration Permits and any Exploitation Concession which might derive there from.


More Definitions of Exploitation Concession

Exploitation Concession means any Exploitation Concession granted to KOSMOS and to ONHYM, pursuant to the Hydrocarbon Code and to this Agreement and which derives from the Exploration Permits;
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Exploitation Concession means the Concession granted under the Geological and Mining Law for the Exploitation of Natural Gas and Oil of the type referred to in Article 15.2 of the Geological and Mining Law. 1.2.5 'Concession Effective Date" as to any particular Concession means the date on which the Minister signs the Concession.
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Related to Exploitation Concession

  • Exploitation means to make, have made, import, export, use, have used, sell, have sold, or offer for sale, including to Develop, Commercialize, register, modify, enhance, improve, Manufacture, have Manufactured, hold, or keep (whether for disposal or otherwise), or otherwise dispose of.

  • Adult exploitation means the illegal use of an incapacitated adult or his resources for another's

  • exploration licence means an exploration licence under Part 2 of the Mineral Resources Development Act 1990; S. 3(1) def. of "fish" inserted by No. 40/2002 s. 3(a).

  • Concession means the granting of a license or right to act for or on behalf of the Board, or to provide a service requiring the approval or endorsement of the Board, and which may or may not involve a payment or exchange, or provision of services by or to the Board, provided that the term concession will not include vending machines.

  • Marijuana concentrate means any type of marijuana product consisting wholly or in part of

  • Medical marijuana concentrate means a specific subset of Medical Marijuana that was produced by extracting cannabinoids from Medical Marijuana. Categories of Medical Marijuana Concentrate include Water-Based Medical Marijuana Concentrate, Food-Based Medical Marijuana Concentrate and Solvent-Based Medical Marijuana Concentrate.

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

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Marijuana producer means a person who produces marijuana in this state.

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “Xxx Xxxxx‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • Cannabinoid concentrate means a substance obtained by separating cannabinoids from marijuana by:

  • Natural channel design concepts means the utilization of engineering analysis and fluvial geomorphic processes to create, rehabilitate, restore, or stabilize an open conveyance system for the purpose of creating or recreating a stream that conveys its bankfull storm event within its banks and allows larger flows to access its bankfull bench and its floodplain.

  • Marijuana products means concentrated marijuana products and marijuana products that are comprised of marijuana and other ingredients and are intended for use or consumption, such as, but not limited to, edible products, ointments, and tinctures.

  • Sexual exploitation means any actual or attempted abuse of a position of vulnerability, differential power, or trust for sexual purposes. It includes profiting monetarily, socially, or politically from sexual exploitation of another.

  • Marijuana product means marijuana as defined in 50-32-101 and marijuana-infused products

  • Dining club license means a license issued in accordance with Chapter 5, Retail

  • Concessions means assent to repayment of a debt on terms more favorable to an individual than the terms of the contract between the individual and a creditor.

  • Tetrahydrocannabinol means the natural or synthetic equivalents of the substances contained in the plant, or in the resinous extractives of, Cannabis sativa, or any synthetic substances, compounds, salts, or derivatives of the plant or chemicals and their isomers with similar chemical structure and pharmacological activity.

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Generation Licence means an electricity generation licence granted or treated as granted pursuant to section 6(1)(a) of the EA 1989 that authorises a person to generate electricity;

  • Petroleum product means gasoline, gasoline−alcohol fuel blends, kerosene, fuel oil, burner oil, diesel fuel oil or used motor oil.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Minerals means any and all ores (and concentrates derived therefrom) and minerals, precious and base, metallic and non-metallic, in, on or under the Property which may lawfully be explored for, mined and sold.

  • Mineral means gas, oil, and coal; other gaseous, liquid, and solid hydrocarbons; oil shale; cement material; sand and gravel; road material; building stone; chemical raw material; gemstone; fissionable and nonfissionable ores; colloidal and other clays; steam and other geothermal resources; and any other substance defined as a mineral by a law of this state.