Oil Field means, within the Contract Area, an Oil Reservoir or a group of Oil Reservoirs within a common geological structure or feature.
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
RE: Road Use Agreement for Construction, Intensive Truck Haul, Oil Field Activity, etc.
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 has the same meaning as in OTA 1975,
Oil Field means a Field producing predominantly Crude Oil; “Operating Costs” means those costs so categorized in Annex C; “Operator” shall have the meaning assigned to it in Article 2.2(a);
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, within the Contract Area, an Oil Reservoir or a group of Oil Reservoirs within a common geological structure or feature. 10 Ministry of Petroleum & Natural GasGovernment of India
Oil Field means an accumulation of Crude Oil, or several accumulations of Crude Oil superposed vertically in the Contract Area and having a commercial value established in accordance with Good Oilfield Practices.