Abandonment Costs means the costs incurred for resources acquired and abandoned pursuant to

Abandonment Costs means, subject to Article 7.13 of PSA and expressly includes a cost, expense or other amount incurred in closing down, decommissioning, abandoning, or wholly or partly removing assets in the Contract Area, keeping assets in the Contract Area in a safe condition following cessation of production pending abandonment and restoration of land or seabed in the Contract Area. A cost, expense or other amount shall constitute an Abandonment Cost only to the extent that it is a cost, expense or other amount that is performed in accordance with good international Petroleum industry practice or expressly approved by the DGPC for inclusion as an Abandonment Cost of the Contractor for the Contract Area, and is incurred prior to, or within reasonable time after the cessation of Commercial Production as per approved Abandonment Plan and Budget;

Abandonment Costs means all of the costs to be incurred to perform Abandonment Work;

Examples of Abandonment Costs in a sentence

In case that the funds in the Abandonment Trust are insufficient to cover all Abandonment Costs, the Contractor shall be responsible to cover the missing amount.
In the Abandonment Trust contract it shall be established that, in case of a residual in the fund and once the Abandonment Costs have been covered, the resources shall be delivered to the Contractor, prior authorization by the CNH that certifies the total compliance with the Abandonment obligations in terms of this Contract and the approved Development Plans.
WORKSHEET FOR SITE CLOSUREPart A: Personnel Costs - See Note 1Section 1: Office Costs Section 2: Field Personnel CostsPart B: Well Plugging and Abandonment Costs - See Note 3 Part C: Other Costs - See Note 3 Part D: Travel Costs - See Note 4 Notes: 1: Please refer to Appendix A, Part 1 for a breakdown of personnel costs.
In case the funds of the Abandonment Fund are insufficient to cover all the Abandonment Costs, the Contractor will be responsible for covering the amount.
If, after ninety (90) days of receipt of the LICENSEE's estimate, AKBN has failed to forward comments to the LICENSEE in writing, the estimated Abandonment Costs proposed by the LICENSEE will be deemed to have been approved by AKBN.

More Definitions of Abandonment Costs

Abandonment Costs means the estimated costs to abandon the pipeline systems and associated facilities, including the costs of abandonment planning, as updated from time to time and as approved by or filed with the NEB.

Abandonment Costs means, subject to Article 35 any cost, expense or other amount incurred in closing down, decommissioning, abandoning, or wholly or partly removing assets in the Contract Area, keeping assets in the Contract Area in a safe condition following cessation of production pending abandonment and restoration of land or seabed in the Contract Area. A cost, expense or other amount shall constitute an Abandonment Cost only to the extent that it is a cost, expense or other amount that is incurred in accordance with good international Petroleum industry practice or expressly approved by Petrobangla and / or Government for inclusion as an Abandonment Cost of the Contractor for the Contract Area, and is incurred prior to or within a reasonable time after the cessation of Commercial Production as per approved Abandonment Plan.

Abandonment Costs has the meaning provided in Exhibit R.2(c)(i)(A).

Abandonment Costs means all fees, costs, and expenses incurred in connection with any Asset proposals or development pursued by the Company, the Manager, or a Series that do not proceed to completion.

Abandonment Costs means any and all costs arising from or relating to abandoning, decommissioning, temporary and permanently plugging of xxxxx and site restoration pursuant to Article 41 and Accounting Procedure;

Abandonment Costs means costs and expenditures (whether of a capital or operational nature) incurred or to be incurred in connection with the Abandonment of facilities or equipment.