Development and Production Area definition

Development and Production Area means an area within the Contract Area encompassing the geographical extent of a Commercial Discovery subject to a Development and Production Plan in accordance with Article 5.5.
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Development and Production Area means that portion of the Contract Area reasonably determined by Contractor (or by GNPC if a Sole Risk Operation pursuant to Article 9) on the basis of the available seismic and well data to cover the areal extent of an accumulation of Petroleum constituting a Commercial Discovery, enlarged in area by ten percent (10%), such enlargement to extend uniformly around the perimeter of such accumulation; and further enlarged by the area covering any extension of the accumulation which is revealed by further development work provided such extension is within the Contract Area;
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Development and Production Area means that part of the Contract Area containing a Commercial Field, as defined in the Development Plan pursuant to Sub-article 9.5.
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Examples of Development and Production Area in a sentence

  • Each Annual Work Program and corresponding Annual Budget shall be broken down into the various Exploration Operations and, as applicable, the Appraisal operations for each Appraisal Area and the Development and Production Operations for each Development and Production Area.

  • For the Calendar Year in which any Development and Production Area is granted the surface rental set forth in Article 11.4.1(a) and (b) shall be prorated from the date in which such Development and Production Plan is approved up to 31 December of said Calendar Year, and the additional sum shall be paid within thirty (30) days after the approval of the Development and Production Area.

  • Contractor shall have the right to use Natural Gas produced from any Development and Production Area for Petroleum Operation within the Contract Area such as reinjection for pressure maintenance and/or power generation.

  • In the event that Contractor declines to develop said Discovery, Contractor shall relinquish the Development and Production Area established by the Appraisal Programme conducted by GNPC under Article 9.1.

  • The Development and Production Period may, at the absolute discretion of the Commissioner, on application by the Licensee made not later than 12 months before the date on which the Development and Production Period would otherwise expire, be extended by the Commissioner in respect of the Development and Production Area for ten (10) years on such terms and conditions as he or she may determine.


More Definitions of Development and Production Area

Development and Production Area means one or more Discovery Areas as delineated in an Approved Development and Production Plan.
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Development and Production Area means the acreage covering one or more Reservoir identified for Development and Production as stipulated in the plan for Development and Production that has been approved by the Council of Ministers.
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Development and Production Area means that area covering one or more discovered Petroleum Accumulations as delineated in an Approved Development and Production Plan.
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Development and Production Area means that portion of the Licence Area reasonably determined by Licensee on basis of the available seismic and well data
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Development and Production Area means the area or areas established by CONTRACTOR in accordance with Section 8.3 at any time prior to the expiration of the Exploration Period by notifying MOGE in writing that CONTRACTOR has made a Commercial Discovery and furnishing a map describing an area comprised of all or a portion of the Discovery Area believed by CONTRACTOR to contain the Commercial Discovery. Once designated, a Development and Production Area shall extend to all depths within its lateral boundaries.
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Development and Production Area means the area subject to an approved development plan;
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Development and Production Area means the area as defined in the Development Plan in accordance with Article 7.2.1 or a revised Development Plan. Once designated, the Development and Production Area shall extend to 200m depth below the deepest oil water contact within its lateral boundaries.
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