Decommissioning Security Agreement definition

Decommissioning Security Agreement means an agreement between the Designated Authority and the Contractor as mentioned in sub-Article 4.15;
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Decommissioning Security Agreement means the Decommissioning Security Agreement approved by the Ministry or Designated Authority, as the case may be, under a Petroleum Agreement;
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Decommissioning Security Agreement means the Decommissioning Security
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Examples of Decommissioning Security Agreement in a sentence

  • Accordingly, the issue was brought and eventually dealt with in a separate, independent form which was generally referred to as a Decommissioning Security Agreement.

  • Oil & Gas UK, Decommissioning Security Agreement Guidance Notes (March 2009), 38.

  • P&A liabilities in the North Sea are also a concern; however, governmental authorities under the Decommissioning Security Agreement of October 2015 (the “DSA”) do not require supplemental bonding until the P&A liability exceeds the estimated discounted present value of the underlying reserves.

  • Without limiting the foregoing, in the event an AUTHORIZED CLAIMANT notifies the CLAIMS ADMINISTRATOR that he or she believes that a settlement check has been lost or stolen, the CLAIMS ADMINISTRATOR shall immediately stop payment on such check.

  • First Oil’s 32.8 % share of Anglia field decommissioning costs are ring fenced under the Anglia Field Decommissioning Security Agreement.

  • Failure of the Contractor to provide Security and otherwise to fulfil its obligations under the Decommissioning Security Agreement, shall be a breach of this Agreement.

  • Group Company 2021£’000 The restricted cash primarily relates to amounts held in trust as security for future decommissioning liabilities under a standard Decommissioning Security Agreement (DSA) covering the Athena asset being £6,471,000 (2020: £5,714,000).The Directors consider that the carrying amount of these assets approximates to their fair value.

  • Security pursuant to the Decommissioning Security Agreement shall be provided in an amount equal to the sum of provisions for Decommissioning Costs made, and taken as Recoverable Costs, in all previous years together with interest on such Recoverable Costs calculated to the end of the previous Calendar Year at the actual rate of Uplift.

  • Decommissioning security agreement (DSA)What is a DSA?A Decommissioning Security Agreement is a contractual agreement between parties to agree the total value and apportioned shares of decommissioning liability.

  • During the year, £1.8 million was transferred into security deposit account to meet the requirement of SBRF Decommissioning Security Agreement.


More Definitions of Decommissioning Security Agreement

Decommissioning Security Agreement means an agreement between the PETRONATIL and the Contractor as mentioned in Section 5.15;
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Decommissioning Security Agreement means an agreement between the Designated Authority and the Contractor as mentioned in sub-Article 4.13;
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Decommissioning Security Agreement means the Decommissioning Security Agreement referred to in clause 26.3 as it may be amended from time to time.
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Related to Decommissioning Security Agreement

  • Project Funding Agreement means an agreement in the form of Schedule F that incorporates the terms of this Agreement and enables the LHIN to provide one-time or short term funding for a specific project or service that is not already described in Schedule A;

  • Interconnection Agreement means the Agreement between the Parties entitled “Interconnection Agreement Under §§251 and 252 of the Telecommunications Act of 1996,” dated July 16, 1996.

  • Privatization contract or “contract” means an agreement or

  • Master Services Agreement means the master services agreement dated as of the date hereof, among the Service Providers, the Partnership, the Holding LP, the Holding Entities and others;

  • Contract Amendment means a written document signed by the Procurement Officer that is issued for the purpose of making changes in the Contract.

  • Transportation Service Agreement means the contract between KUB and the Customer whereby KUB agrees to provide transportation gas service to the Customer.

  • Construction Agreement as used in this subsection means an agreement between Seller and any contractor or subcontractor to install the System;