Exploration and Production of Oil and Gas Sample Clauses

Exploration and Production of Oil and Gas. 2.1. The subject matter of this Agreement is the performance, in the Contract Area, for the account and risk of the Contractor, of:
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Exploration and Production of Oil and Gas. The subject matter of this Agreement is the performance, in the Contract Area, for the account and risk of the Contractor, of: the Exploration Operations undertaken in the Minimum Exploration Program or its attachments, under the terms of an Exploration Plan approved by ANP; the Discovery Assessment, in the event of a Discovery, at the Consortium Members’ discretion, under a Discovery Assessment Plan approved by ANP; Operations of Production of Oil and Gas, in case the commercial feasibility of the Discovery is verified by the Consortium Members, under a Development Plan approved by ANP.
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Exploration and Production of Oil and Gas. 2.1. The subject matter of this Agreement is:
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Exploration and Production of Oil and Gas. The subject matter of this Agreement is: to conduct Exploration Operations in the Concession Area undertaken in the Minimum Exploration Program or in addition thereto; in case of a Discovery, at the Concessionaire’s discretion, to perform a Discovery Assessment under a Discovery Assessment Plan approved by ANP; if the commercial feasibility of the Discovery is verified by the Concessionaire, to Produce Oil and Gas in the Concession Area under a Development Plan approved by ANP. Costs, Losses, and Risks Associated with the Execution of Operations The Concessionaire shall always and exclusively bear all costs and risks related to the execution of the Operations and its consequences. The Concessionaire shall bear all losses it may incur, including the ones resulting from an act of god or force majeure event, as well as accidents or events of nature affecting the Exploration and Production of Oil and Gas in the Concession Area. The Concessionaire shall not be entitled to any payment, redress, refund, reimbursement, or indemnification in the event of failure in the exploration or absence of commercial feasibility of any Discoveries in the Concession Area. The Concessionaire shall be the only party civilly liable for its own actions and the actions of its agents and subcontractors, as well as for the compensation for any damages caused by the Operations and their execution, regardless of fault. The Federal Government and ANP shall be reimbursed for any liens they may endure as a result of any demands motivated by acts under the responsibility of the Concessionaire, which shall bear such reimbursement. The Federal Government and ANP shall not undertake any risks or operating losses or bear costs, investments, and damages related to the execution of the Operations and its consequences. Ownership of Oil and/or Gas The Oil and Gas Deposits existing in the national territory, the continental shelf, and the exclusive economic zone belong to the Federal Government, pursuant to article 20, items V and IX, of the Constitution of the Federative Republic of Brazil, and art. 3 of Law No. 9,478/1997. The Concessionaire shall have the ownership only of the Oil and Gas that are effectively produced and granted thereto at the Production Measurement Point, through original acquisition and according to this Agreement. The Concessionaire shall be subject to charges related to the Government taxes and shares, as well as those provided for in the Applicable Laws and Regulations.
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Exploration and Production of Oil and Gas. 2.1. The subject matter of this Agreement is execution, in the Contract Area, at the Contracted Party’s account and risk, of Operations of Exploration and Production of Surplus Oil and Gas on a Transfer of Rights basis in the Contract Area, under a Development Plan approved by ANP.
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Exploration and Production of Oil and Gas. The subject matter of this Agreement is the performance, in the Contract Area, for the account and risk of the Contractor, of: the Exploration Operations undertaken in the Minimum Exploration Program or its attachments, under the terms of an Exploration Plan approved by ANP; the Discovery Assessment, in the event of a Discovery, at the Consortium Members’ discretion, under a Discovery Assessment Plan approved by ANP; Operations of Production of Oil and Gas, in case the commercial feasibility of the Discovery is verified by the Consortium Members, under a Development Plan approved by ANP. In case the Concession Agreement [enter the trade name of the concession agreement for the contracted area] of the area adjacent to the Contract Area is in the Production Phase, item “a” of paragraph 2.1, sections Ten and Eleven, and the other dispositions contained in this Agreement regarding the Operations in the Exploration Phase do not apply.
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Exploration and Production of Oil and Gas. The subject matter of this Agreement is the execution in the Concession Area: Exploration Operations committed to the Minimum Exploratory Program or additional to it, under the terms of an Exploratory Work Plan approved by the ANP; Discovery Assessment activities, in case of Discovery, at the discretion of the Concessionaire, under the terms of an Assessment Plan for Discoveries of Oil or Natural Gas approved by the ANP and additional to it under the terms of an Exploratory Work Plan approved by the ANP; and; Oil and Natural Gas Development and Production Operations, if the Discovery is verified by the Concessionaire, pursuant to a Development Plan approved by the ANP..
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Exploration and Production of Oil and Gas. The purpose of this Contract is to perform, in the Contract Area, at the risk and expense of the Contracted Parties:
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Related to Exploration and Production of Oil and Gas

  • Minerals All minerals, crops, timber, trees, shrubs, flowers and landscaping features now or hereafter located on, under or above Land;

  • Petroleum Storage Systems A. At Company’s expense, Company will at all times comply with all federal, state, and local requirements, including but not limited to, the regulations of the FDEP as stated in Chapters 62-761 and 62-762, FAC, the requirements of the Federal Oil Pollution Prevention regulation found in Title 40 of the Code of Federal Regulations Part 112 (40 CFR part 112), as well as the requirements of the Environmental Protection Commission of Hillsborough County (EPC), as may be amended or replaced, pertaining to petroleum storage tank and piping system construction, operation, inspection, and compliance monitoring programs; release detection methods and procedures; maintenance; and preventative maintenance programs. Company will be responsible for all spillage, overflow, or escape of gases, petroleum or petroleum products, and for all fines and penalties in connection therewith. All petroleum storage systems will be registered by Company, and Company will display the registration placard as required by law.

  • MINES The Contractor represents and warrants that neither it, its parent entities (if any), nor any of the Contractor’s subsidiaries or affiliated entities (if any) is engaged in the sale or manufacture of anti-personnel mines or components utilized in the manufacture of anti-personnel mines.

  • Production Lessee shall, subject to applicable laws, regulations and orders, operate and produce all xxxxx upon the leased land so long as the same are capable of producing in paying quantities, and shall operate the same so as to produce at a rate commensurate with the rate of production of xxxxx on adjoining lands within the same field and within the limits of good engineering practice, except for such times as there exist neither market nor storage therefore, and except for such limitations on, or suspensions of, production as may be approved in writing by Lessor. Lessee shall be responsible for adequate site security on all producing properties.

  • For Product Development Projects and Project Demonstrations  Published documents, including date, title, and periodical name.  Estimated or actual energy and cost savings, and estimated statewide energy savings once market potential has been realized. Identify all assumptions used in the estimates.  Greenhouse gas and criteria emissions reductions.  Other non-energy benefits such as reliability, public safety, lower operational cost, environmental improvement, indoor environmental quality, and societal benefits.  Data on potential job creation, market potential, economic development, and increased state revenue as a result of the project.  A discussion of project product downloads from websites, and publications in technical journals.  A comparison of project expectations and performance. Discuss whether the goals and objectives of the Agreement have been met and what improvements are needed, if any.

  • Development Area 10.4. The Development Area shall encompass all Deposits to be produced.

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Conformity of production The conformity of production procedures shall comply with those set out in the Agreement, Appendix 2 (E/ECE/324-E/ECE/TRANS/505/Rev.2), with the following requirements:

  • Project Area The Project Area is the incorporated area of the City of San Xxxx.

  • Manufacturing (a) The Supplier shall without limitation be responsible, at no additional cost to the Purchaser, for: sourcing and procuring all raw materials for the Products; obtaining all necessary approvals, permits and licenses for the manufacturing of the Products; providing sufficient qualified staff and workers to perform the obligations under this Purchase Agreement; implementing and maintaining effective inventory and production control procedures with respect to the Products; and handling other matters as reasonably requested by the Purchaser from time to time.

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