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 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, for any Month, a volume of Production of Liquid Hydrocarbons in such Month, determined as follows: (a) for a new well or re-work or re-drill of an existing well which was previously shut in or was a non-producing well, such Baseline Production shall be zero so that all Production from such a well shall be Incremental Production. (b) [commercial terms omitted]
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Examples of Baseline Production in a sentence

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

  • INFORMATIONRepresentatives from the Lou Ruvo Brain Institute will make a presentation on the progress of the Lou Ruvo Brain Institute, the Institute’s relationship with the NSHE and the Institute’s plans for the future.

  • In the event that period as describe in point-b is continuing nevertheless PARTNER’s Baseline Production shortfall in point-b has not been fully settled, then PARTNER shall pay Baseline Production shortfall to PERTAMINA EP minimum of *** percent (***%) of Incremental Oil production.

  • If within a certain period, the production of Crude Oil is lesser than the Baseline Production, PARTNER has to meet and to deliver such shortfall to PERTAMINA EP as a first priority from Incremental Oil.

  • In the event the Baseline Production shortfall in point-c above has not been fully settled, thus PARTNER has the right to terminate this Agreement pursuant to clause 15.16 of the Article XV of this Agreement and PARTNER shall be released from the obligation of Baseline Production shortfall.

  • In the event the Incremental Oil production is less than Baseline Production, then PARTNER shall settle Baseline Production shortfall to PERTAMINA EP minimum of *** percent (***%) of Incremental Oil production.

  • Baseline Production Forecast Barrels of oil equivalent per day (*) % growth based on mid point of guidance 2007 Cash Flow From Operations Outlook The 2007 Cash Flow From Operations Outlook was developed using the above Baseline Production Forecast, a dated Brent oil price of $55.00/Bbl and a gas price of C$7.50/Mcf.

  • Except as provided in the following paragraph, the volumes of Production reported on such official reports for the three months in such immediately preceding Quarter will be conclusive and binding in determining Initial Baseline Production.

  • A methodology for calculation of energy saving certificate is as given below: SEC in Baseline year: 10 TOE/unit of production Baseline Production: 10000 unitsTarget: 4% reduction in SEC SEC in the target year: 9.6 TOE/unit productions The industry has to save the energy equivalent to the amount of 4000 TOE.

  • In addition, under no circumstances, will the amount of the Baseline Production Decline Factor be subject to review, discussion or modification.


More Definitions of Baseline Production

Baseline Production shall have the meaning set forth in Clause 8.
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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.
Sample 1
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. 2.2. Amending clause 2.2.1 of the Agreement to read as follows: 2.2.1 Unless terminated earlier under the terms of this Agreement, as of the Effective Date, this Agreement shall remain in effect until the expiration of PERTAMINA EP KKS on September 16, 2035. 2.3. Amending clause 4.1.20, sub-paragraph i, third paragraph of the Agreement to read as follows:
Sample 1
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.
Sample 1

Related to Baseline Production

  • 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).

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • 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;

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

  • 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: