Baseline Production definition

Baseline Production for any Quarter means the deemed Net Production for the said Quarter, at the deemed Baseline Production Rate.
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Baseline Production shall have the meaning set forth in Clause 8.
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Baseline Production means, for any Month, a volume of Production of Liquid Hydrocarbons in such Month, determined as follows:
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Examples of Baseline Production in a sentence

  • Five Scenarios for thePrototype EIP Analysis The five EIP scenarios build on each other as new symbiotic relationships are added in each step.Scenario 1: Baseline Production and Trade ActivitiesFigure E-2 provides a graphical representation of the baseline scenario.3 At baseline, very few symbiotic relationships exist between these companies:➤ The refinery sells its residual oil to the asphalt company.➤ The company sells limestone to the asphalt company.

  • V-23 2-4 Marginal Abatement Cost Curve for Top 5 Emitters in 2030, Baseline Production Case...............................................................................................................................................

  • V-663-8 Global Abatement Potential in Livestock Management, Baseline Production withNo Antimethanogen: 2010, 2020, and 2030 .............................................................................

  • The SAR Baseline Production Estimate was used as the initial estimate, and the Current Estimate was used as the actual cost of weapon system development.

  • The incremental production profile shall be the production in excess of the baseline production mentioned in this Bid Document for the two Contract Areas (refer to the Annexure 2(A) for the Baseline Production).

  • For the purpose of payment of Service Fees, the Baseline Production and Incremental Production of Crude Oil shall be valued at the Export Oil Price applicable to any Iraqi standard export blend that happens to be of nearest quality to that of the Crude Oil stream(s) from the Field, pursuant to Articles 17 and 18.

  • For each Calendar Quarter, commencing with the Calendar Quarter during which the end of the Rehabilitation Period occurs under this Contract, the Maintenance Remuneration Fee shall be an amount equal to the product of the unit Maintenance Remuneration Fee applicable to such Quarter, multiplied by the Baseline Production applicable to such Quarter.

  • Pursuant to Article 19.3 (b), in any Quarter where the Incremental Production Rate is less than the Enhanced Production Target that was bid by the winning Company(s) for the Incremental Production Rate above Baseline Production Rate, the Incremental Remuneration Fee in that Quarter shall be reduced for lower performance by multiplying by the ratio of the Incremental Production Rate to the Enhanced Production Target.

  • Perform P8 v4.5.1 Baseline Performance analysis: This baseline will be conducted in the P8 v4.5.1 Baseline Production system under normal usage.

  • The "Maintenance Remuneration Fee" at a fixed unit rate of USD per Barrel that was bid by the winning Company(s) for each Barrel of Net Production at or below the Baseline Production Rate.


More Definitions of Baseline Production

Baseline Production means the average production of Petroleum in the Operation Area which has resulted in the decline of production curve so agreed by the Parties as stipulated in Exhibit - IV, which constitutes the minimum production to be produced from the Operation Area.
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Baseline Production means a lease’s average monthly production during the four highest months of production in the time period from January 1, 1996, through December 31, 1996.
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Baseline Production means, for any Quarter, a volume of Production of Liquid Hydrocarbons in such Quarter, determined as follows: * * Confidential portion has been omitted pursuant to a request for confidential treatment and filed separately with the Commission.
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Baseline Production means the average monthly production in the Operating Area represented by a curve expressed in numerical values as set forth in the table outlined in Exhibit 1 to the Amendment agreed by the PARTIES. Baseline Oil Production produced by PARTNER shall become the rights of PERTAMINA EP and shall be received by PERTAMINA EP at the Point of Export/Sale/Lifting from the time of initial production agreed by the PARTIES as stipulated in Exhibit 1 of the Amendment, without normal losses, if any. The Baseline Production consists of Baseline Oil Production and Baseline Gas Production.
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Related to Baseline Production

  • Baseline area means any intra- state area (and every part thereof) des- ignated as attainment or unclassifiable under section 107(d)(1)(A)(ii) or (iii) of the Act in which the major source or major modification establishing the minor source baseline date would con- struct or would have an air quality im- pact for the pollutant for which the baseline date is established, as follows: equal to or greater than 1 μg/m3 (an- nual average) for SO2, NO2, or PM10; or equal or greater than 0.3 μg/m3 (annual average) for PM2.5.(ii) Area redesignations under section 107(d)(1)(A)(ii) or (iii) of the Act cannot intersect or be smaller than the area of impact of any major stationary source or major modification which:

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Manufacturing Cost means [***].

  • Milk product or "dairy product" means cottage cheese, dry curd cottage cheese, reduced fat cottage cheese, lowfat cottage cheese, cream, light cream, light whipping cream, heavy cream, heavy whipping cream, whipped cream, whipped light cream, sour cream, acidified sour cream, cultured sour cream, half-and-half, sour half-and-half, acidified sour half-and-half, cultured sour half-and-half, reconstituted or recombined milk and milk products, concentrated milk, concentrated milk products, skim milk, lowfat milk, frozen milk concentrate, flavored milk, eggnog, buttermilk, cultured milk, cultured lowfat milk, cultured skim milk, yogurt, lowfat yogurt, nonfat yogurt, acidified milk, acidified lowfat milk, acidified skim milk, low-sodium milk, low-sodium lowfat milk, low-sodium skim milk, lactose-reduced milk, lactose-reduced lowfat milk, lactose-reduced skim milk, aseptically processed and packaged milk, milk products with added safe and suitable microbial organisms, and any other milk product made by the addition or subtraction of milkfat or addition of safe and suitable optional ingredients for protein, vitamin, or mineral fortification. Unless a product is considered a milk product under this subdivision, milk product does not include dietary products, infant formula, ice cream or other desserts, cheese, or butter. Milk products include the following:

  • Runtime Product means the version specific files and application program interfaces (APIs) specified in the RUNTIME.TXT file provided with SAP Crystal Reports 2008, SAP Crystal Reports for Eclipse 2.0, and SAP Crystal Reports for Visual Studio 2010.

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • Assay means a laboratory analysis of Crude Petroleum to include the following: A.P.I. Gravity, Reid vapor pressure, composition, pour point, water and sediment content, sulfur content, viscosity, distillation, hydrogen sulfide, flash/boiling point and other characteristics as may be required by Carrier.

  • Manufacturing Site means a location where a manufacturing

  • GDP or “Gross Domestic Product” for the purposes of this LOA means the expenditure side value of all goods and services produced in British Columbia for a given year as stated in the BC Economic Accounts;

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • Manufacturing operation means a process in which materials are changed, converted, or transformed into a different state or form from which they previously existed and includes refining materials, assembling parts, and preparing raw materials and parts by mixing, measuring, blending, or otherwise committing such materials or parts to the manufacturing process. "Manufacturing operation" does not include packaging.

  • Development Plan has the meaning set forth in Section 3.2.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;

  • Nicotine product means a product that contains nicotine and is not any of the following:

  • Postproduction means an activity related to the finishing or duplication of a medium described in Subsection 59-12-104(54)(a).

  • Development Phase means the period before a vehicle type is type approved.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;

  • SOFR Compounded Index means the Compounded Daily SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Product Backlog means a list of those Stories that do not form part of the current Sprint Plan at that time and which are to form the subject of a future Sprint, either in the current Release at that time or a subsequent Release;

  • Project Scope means the description or activity of work to be accomplished on the Project.