Development and Production Operations definition

Development and Production Operations means all operations, other than Exploration Operations, conducted to facilitate the Development and Production of Hydrocarbons from the Contract Area to the Delivery Point, but excluding the refining and distribution of Hydrocarbon products.

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Development and Production Operations means all operations other than Exploration Operations conducted to facilitate the extraction and the production of Crude Oil and Natural Gas.

Development and Production Operations means those operations or activities undertaken to commence Production or to sustain Production once Production has commenced (as the case may be), including the drilling and completion of Development and Production Wells but excluding Exploration Operations and Appraisal Operations and the word “Development” shall be construed accordingly.

Examples of Development and Production Operations 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.
Petroleum Costs for Exploration, Development and Production Operations as detailed above shall be separately identified for each Development and Production Area.
THE CONTRACTOR will begin said Development and Production Operations in accordance with the schedule presented.
THE CONTRACTOR will, in the exercise of this right, perform the activities and conduct the operations that are the matter of the same at its sole cost and risk, providing all resources required to project, prepare and perform activities and Exploration, Evaluation, Development and Production Operations in the Contract Area.
In the event there are facilities and equipment in an area adjacent to or near the Contract Area which have excess capacity that could be utilized by Contractor, the Ministry may, considering the efficiency and economic management of existing resources, cause such facilities and equipment to be made available to Contractor for any Development and Production Operations, provided, however, that such Development and Production Operations shall not interfere with the ongoing operations in that area.
In the exercise of this right, THE CONTRACTOR will perform the activities and conduct the operations that are the purpose of this Agreement, at its sole cost and risk, providing all necessary resources to project, prepare and perform all activities and Exploration, Assessment, Development and Production Operations in the Contract Area.
The Development and Production Operations of the Annual Operations Plan mentioned in letter (a) above are of mandatory performance.
Such assignment, transfer, or other disposition shall be subject to the payment of a non-recoverable, non-deductible fee (“Transfer Fee”) of (i) one percent (1%) of Book Value of the assignment, transfer, or disposition when such occurs during the Exploration Periods, and (ii) two percent (2%) of Book Value of the assignment, transfer, or disposition when such occurs during Development and Production Operations, and other non-monetary requirements stipulated in the authorization issued by the Ministry.
That certain Unit Agreement for Exploration, Development, and Production Operations on the Beta Unit, San ▇▇▇▇▇ Bay Area, Outer Continental Shelf, Offshore California dated to be effective as of April 15, 1983, as amended.
With regards to the Production Area, a period of up to twenty-four (24) years and its extensions if any, starting on the corresponding Declaration of Marketability, during which THE CONTRACTOR must undertake the Development and Production Operations.

More Definitions of Development and Production Operations

Development and Production Operations means operations for or in connection with the production of petroleum;

Development and Production Operations means, all operations and related administrative and other activities, within or outside the Contract Area, which are carried out following approval of a Development Plan for a Development and Production Area in connection with the extraction, separation, processing, gathering, transportation, storage, treatment and disposition of Petroleum from such Development and Production Area.

Development and Production Operations shall include but not be limited to: (i) all the operations and activities under the „Razrada” ili „Razradni i eksploatacijski radovi” uključuje, bez ograničenja: (i) sve radove i aktivnosti iz ovog Ugovora u vezi s izradom Agreement with respect to the drilling of ▇▇▇▇▇ other than Exploration ▇▇▇▇▇ and Appraisal ▇▇▇▇▇, the deepening, reworking, plugging, completing, and equipping of such ▇▇▇▇▇, together with the design, construction and, installation of such equipment, pipeline or lines, installations, production units and all other systems relating to such ▇▇▇▇▇ as may be necessary in compliance with the verified Development and Production Plan referred to in Article 7.2 of the Agreement; and (ii) all operations and activities relative to the servicing and maintenance of pipelines, lines, installations, production units, and all related activities for Production and management of ▇▇▇▇▇ conducted to facilitate and enable the extraction and the production of Petroleum. bušotina, osim Istražnih i Ocjenskih bušotina, produbljivanjem, čepljenjem, izradom bočnih kanala tih bušotina, uključujući projektiranje, izradu i ugradnju opreme, cjevovoda ili vodova, postrojenja, eksploatacijskih jedinica i svih drugih sustava koji se odnose na te bušotine i mogu biti potrebni u skladu s provjerenim Planom razrade i eksploatacije iz članka 7.2 Ugovora; i (ii) sve radove i aktivnosti koji se odnose na usluge servisiranja i održavanja cjevovoda, vodova, instalacija, eksploatacijskih jedinica i sve povezane aktivnosti za Eksploataciju i upravljanje bušotinama koje se izvode kako bi se omogućilo pridobivanje Ugljikovodika.

Development and Production Operations means those operations or activities undertaken to commence Production or to sustain Production once Production has commenced (as the case may be), including the drilling and completion of Development and Production Wells but exc▇▇▇▇▇g Exploration Operations and Appraisal Operations.