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
Within thirty (30) days from the date of Declaration of Commerciality approval, each Company shall deposit into a bank account designated by ROC its respective pro-rated Participating Interest of the non-recoverable Declaration of Commerciality bonus of fifteenmillion Dollars (US$ 15,000,000).
The Development Period shall be a maximum of twenty-five (25) years commencing at the approval date of the Declaration of Commerciality.
More Definitions of 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 Wind Energy Resources is in Commercial Quantities;
Declaration of Commerciality means a written notice delivered by the Right Holders to the Minister stating that, in the opinion of the Right Holders, a certain Discovery or multiple Discoveries is a Commercial Discovery, which merits preparation and submission of a Development and Production Plan relating thereto.
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;
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;