Atrush Block PSC definition

Atrush Block PSC means the Production Sharing Contract in respect of the Atrush Block, Kurdistan Region entered into between KRG and GEP and dated November 10, 2007.
Sample 1Sample 2Sample 3
Atrush Block PSC means the Production Sharing Contract in respect of the Atrush Block, the KRG entered into between the KRG and GEP dated November 10, 2007 and as further amended by the (i) Atrush Block First PSC Amendment, (ii) Atrush Block Second PSC Amendment, (iii) Atrush Block Third PSC Amendment, (iv) Atrush Block Fourth PSC Amendment, and (v) Atrush Block Fifth PSC Amendment.
Sample 1Sample 2Sample 3

Examples of Atrush Block PSC in a sentence

  • Under the terms of the PSC, upon the exercise of the right the KRG would assume up to a 25% undivided interest in the petroleum operations and all the other rights, duties, obligations and liabilities of the Contractors from the date the block has first been declared commercially viable.Under the terms of the Atrush Block PSC the development period is for 20 years with an automatic right to a five year extension and the possibility to extend for an additional five years.

  • GEP, MOKDV and TAQA together are “the Contractors” to the PSC.On March 12, 2013 the KRG communicated its intention to exercise a right to acquire an interest in the Atrush Block PSC in accordance with the terms of the PSC.

  • Production Sharing Contracts (“PSC”)ShaMaran holds 33.5% of the issued shares of General Exploration Partners Inc (“GEP”) which holds an 80% working interest in the Atrush Block PSC.

  • As at March 31, 2016 the outstanding commitments of the Company were as follows:For the year ended March 31, 201720182019ThereafterTotalAtrush Block development and PSC49,5881601602,41452,322Office and other60‐‐‐60Total commitments49,6481601602,41452,382Amounts relating to the Atrush Block represent the Company’s unfunded share of the approved work program and other obligations under the Atrush Block PSC.

  • ShaMaran and OSIL exercised their option on July 27, 2011 to convert that agreement into the PSC.ShaMaran holds 33.5% of the issued shares of General Exploration Partners Inc (“GEP”) which holds an 80% working interest in the Atrush Block PSC.

  • Refer also to notes 6, 12 and 19.On December 31, 2012 the Company acquired control of GEP and, in accordance with IFRS 3 which requires the Company to record the fair value on the date of acquisition of the net identifiable assets and liabilities of GEP, recorded the addition of $300.5 million of exploration and evaluation assets relating to the Atrush Block PSC.

  • As part of its normal business the Company continues to evaluate new opportunities.As at the date of this AIF, the Company holds a 27.6% working interest in the Atrush Block PSC.

  • The loans were provided in accordance with the terms of the Atrush Block PSC and are related to the Company’s share of funding provided by the Non-Government Contracting Entities (“NGCEs”) for the construction of the Atrush Feeder Pipeline on the KRG’s behalf and for the Company’s share of NGCE funding of the KRG’s share of certain Atrush development costs.

  • Refer also to note 9.On December 31, 2012 the Company acquired control of General Exploration Partners Inc resulting in the addition of $300.5 million of exploration and evaluation assets relating to the Atrush Block PSC.

  • As a result of such sale, the respective participating interests in the Atrush Block PSC are TAQA at 47.4%, the KRG at 25% and GEP at 27.6%.

Related to Atrush Block PSC

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Clean coal SNG facility means a facility that uses a

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).

  • Storm water management plan means a comprehensive plan designed to reduce the discharge of pollutants from storm water after the site has under gone final stabilization following completion of the construction activity.

  • Large municipal separate storm sewer system means all municipal separate storm sewers that are either:

  • Sponsor Management Agreement means the Management Agreement between certain of the management companies associated with the Sponsors and the Borrower.

  • Municipal Separate Storm Sewer System Management Program means a management program covering the duration of a state permit for a municipal separate storm sewer system that includes a comprehensive planning process that involves public participation and intergovernmental coordination, to reduce the discharge of pollutants to the maximum extent practicable, to protect water quality, and to satisfy the appropriate water quality requirements of the CWA and regulations, and this article and its attendant regulations, using management practices, control techniques, and system, design, and engineering methods, and such other provisions that are appropriate.

  • APN means the Apple Push Notification service that Apple may provide to You to enable You to transmit Push Notifications to Your Application or for use as otherwise permitted herein.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Plug-in Hybrid Electric Vehicle (PHEV) means a vehicle that is similar to a Hybrid but is equipped with a larger, more advanced battery that allows the vehicle to be plugged in and recharged in addition to refueling with gasoline. This larger battery allows the car to be driven on a combination of electric and gasoline fuels.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • Easement Agreement means any conditions, covenants and restrictions, easements, declarations, licenses and other agreements which are Permitted Encumbrances and such other agreements as may be granted in accordance with Section 19.1.

  • Public water supply means all mains, pipes and structures through which water is obtained and distributed to the public, including wells and well structures, intakes and cribs, pumping stations, treatment plants, reservoirs, storage tanks and appurtenances, collectively or severally, actually used or intended for use for the purpose of furnishing water for drinking or general domestic use and which serve at least 15 service connections or which regularly serve at least 25 persons at least 60 days per year. A public water supply is either a "community water supply" or a "non-community water supply".

  • Stationary beam radiation therapy means radiation therapy without displacement of one or more mechanical axes relative to the patient during irradiation.

  • Stormwater management measure means any practice, technology, process, program, or other method intended to control or reduce stormwater runoff and associated pollutants, or to induce or control the infiltration or groundwater recharge of stormwater or to eliminate illicit or illegal non-stormwater discharges into stormwater conveyances.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III. Network Operating Committee:

  • Public resources means water, fish, and wildlife and in addition means capital improvements of the state or its political subdivisions.

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • Investment Management Agreement means the Investment Management Agreement made

  • Sub-acute facility means a facility that provides intermediate care on short-term or long-term basis.

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.