Development and Exploitation Works definition

Development and Exploitation Works means any operation relating to and carried out in any Exploitation Concession and, in particular, geological and geophysical works, the drilling of development xxxxx, the production of Hydrocarbons, the installation of gathering pipelines and the operations necessary for the maintenance of pressure and for primary and secondary recovery;
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Development and Exploitation Works means any operation relating to and carried out in any exploitation concession and, in particular, geological and geophysical works, the drilling of development wells, the production of hydrocarbons, the installation of collection pipes and the operations necessary for the maintenance of pressure and for primary or secondary recovery;
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Examples of Development and Exploitation Works in a sentence

  • The provisions of this Clause 12 shall apply to all drilling operations undertaken pursuant to the Petroleum Agreement and this Contract, provided however that if the drilling operations to be conducted are not part of the Development and Exploitation Works voted by the Management Committee undertaken under Exploitation Concession(s) and are proposed by PETCO, then this Clause shall only apply to PETCO and other eventual Parties, other than ONHYM and their respective Percentage Interest(s).

  • The Parties shall conduct all Exploration Works and the Development and Exploitation Works according to the rules relating to safety and the protection of the environment in conformity with Section 38 of the Law as well as Sections 32 and 33 of the Decree.

  • The Parties shall be bound by the control procedures set out by the Hydrocarbon Code for all their activities relating to Exploration Works and to Development and Exploitation Works.

  • The Parties, in accordance with the provisions of the Hydrocarbon Code, are bound by the provisions relating to the administrative control for the activities relating to Hydrocarbons Exploration, Development and Exploitation Works.

Related to Development and Exploitation Works

  • Development Area means that area to which a development plan is applicable.

  • Exploitation means to make, have made, import, export, use, have used, sell, have sold, or offer for sale, including to Develop, Commercialize, register, modify, enhance, improve, Manufacture, have Manufactured, hold, or keep (whether for disposal or otherwise), or otherwise dispose of.