Declaration of Commerciality definition

Declaration of Commerciality means the written notice from the Concessionaire to the ANP declaring one or more Pools as a Commercial Discovery in the Concession Area, pursuant to paragraph 7.1.

Declaration of Commerciality means a written notice delivered by Contractor to ROC stating that, in the opinion of Contractor, a certain Discovery or multiple Discoveries is a Commercial Discovery which merits preparation and submission of a Development Plan relating thereto.

Declaration of Commerciality means the date that the Contractor under the PSC has completed all of the appraisal work for a commercial discovery and notifies the JDA that it intends to develop the field and will submit for approval a proposal for a field development program.

Examples of Declaration of Commerciality in a sentence

In the case of Article 3.7(d) related costs and expenditure shall be paidentirely by Contractor, although these shall be Petroleum Costs if the Expert’sfinding is in favor of a Declaration of Commerciality.
Once the Discovery Assessment Plan approved by the ANP has been complied with, the Operational Committee may, in its sole discretion, make the Declaration of Commerciality of the Discovery.
If it has not been submitted to ANP yet, the Final Discovery Assessment Report should accompany the Declaration of Commerciality.
The RE DEVELOPER shall submit to the DEPARTMENT a Work Program for the first five (5) years from its Declaration of Commerciality and its corresponding budget thereof.
The date of commencement of production of each field must occur within a maximum time limit of 5 (five) years, which may be extended at the discretion of ANP, from the date of submission of the Declaration of Commerciality.

Declaration of Commerciality means the written declaration to YFP made in the sole discretion of Syntroleum after the completion of the drilling of either the Initial Well, the Second Well, or any of the Additional Xxxxx that the Aje Field is a commercial field and warrants the preparation and submission of a plan of development to the Approval Authorities for their approval.

Declaration of Commerciality refers to a written declaration by the RE DEVELOPER stating that the electricity to be generated from the Hydropower Resources is in Commercial Quantities;

Declaration of Commerciality refers to a written declaration by the RE DEVELOPER stating that the electricity to be generated from the Wind Energy Resources is in Commercial Quantities;

Declaration of Commerciality refers to a written declaration by the RE DEVELOPER stating that the electricity to be generated from the Geothermal Resources is in Commercial Quantities;

Declaration of Commerciality refers to a written declaration by the RE DEVELOPER stating that the electricity to be generated from the Solar Energy Resources is in Commercial Quantities;

Declaration of Commerciality or “DOC” refers to a written declaration by the RE DEVELOPER to the DEPARTMENT, stating that the electricity to be generated from the Wind Energy Resources is of Commercial Quantities;

Declaration of Commerciality refers to a written declaration by the RE DEVELOPER stating that the electricity to be generated from the Biomass Energy System is in Commercial Quantities;