Production Licence definition

Production Licence means a licence issued under section 50 and includes any renewal of such licence;
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Production Licence means a Production Licence as defined in section 1(1) of the Petroleum Act;
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Production Licence has the meaning provided in the Petroleum Act.
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Examples of Production Licence in a sentence

  • If the Operator or a Party is of the opinion that activities should be terminated or the use of a facility should cease before the Production Licence expires, it may within the same time limits propose to the management committee that an abandonment plan for the activities or the facility be prepared.

  • Unless otherwise specified in the Production Licence, the amount to be contributed by each Party shall be calculated in accordance with the Participating interest at the time the payment is made.

  • The activities shall be carried out in accordance with the terms of this Agreement, the decisions of the management committee, the conditions specified in the Production Licence, applicable law and other resolutions made by the authorities.

  • The Operator may charge the Joint Account only for expenses necessary to properly wind up the activities after the Production Licence has been surrendered.

  • Before the obligatory work commitment pursuant to the Production Licence has been carried out a Party cannot, without the consent of the management committee, assign its Participating interest or part thereof to others than an Affiliated company.


More Definitions of Production Licence

Production Licence means a production licence granted or renewed under Division 4 of Part II;
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Production Licence has the meaning provided in the Petroleum Act. Property means all property, whether real or personal, which is owned, leased, held, developed, constructed, produced or acquired by the Operator solely for the conduct of Operations.
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Production Licence means a petroleum production licence granted pursuant to Section 22 of the Act and the provisions of this Agreement.
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Production Licence means a licence to carry out operations for the recovery of petroleum granted under the provisions of section 26;
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Production Licence means the licence applied for by BevCanna Opco under the Cannabis Act that if and when issued by Health Canada, will designate BevCanna Opco as a Licensed Producer, allowing BevCanna Opco to cultivate and process cannabis on the Premises.
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Production Licence means a licence issued under section 62; “production licensee” means the holder of a production licence; “prospecting”, in relation to petroleum –
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Production Licence means a licence for the exploration, exploration drilling and production of petroleum deposits in areas covered by the licence awarded in accordance with the Petroleum Act (Act no. 72/1996) Section 3-3.
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