Exploitation Concession definition

Exploitation Concession means any Exploitation Concession granted to the Parties pursuant to the Hydrocarbon Code and this Agreement, which derives from the Exploration Permits.
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Exploitation Concession means the Concession granted under the Geological and Mining Law for the Exploitation of Natural Gas and Oil of the type referred to in Article 15.2 of the Geological and Mining Law.
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Exploitation Concession means any Exploitation Concession granted to PETCO and ONHYM pursuant to the Hydrocarbon Code and the Petroleum Agreement which originates from one or more of the Exploration Permits;
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Examples of Exploitation Concession in a sentence

  • Any production in excess of 300 million cubic meters from an Exploitation Concession shall be subject to royalty at the rate of five percent (5%).

  • The production of the first 300 million cubic meters from an Exploitation Concession is exempt from the payment of royalty.

  • NATURAL GAS · For Natural Gas from an Exploitation Concession with a water depth less than or equal to 200 metres: the production of the first 300 million m(3) originating from each Exploitation Concession is exempted from the royalty payment; production above the first 300 millions m3 originating from each Exploitation Concession is subject to an annual royalty charge of 5%.

  • In the event of establishment of a joint operating company (“JO”), the Operator in the context of this Accounting Procedure will mean the JO with respect to the any Exploitation Concession, and PETCO or any successor Private Party to PETCO, with respect to the Exploration Permits.

  • This payment has to be made within thirty (30) days of the official granting of the Exploitation Concession.

  • KOSMOS shall contribute a further thirty thousand US dollars (US $30,000) for each twelve (12) month period for each additional Exploitation Concession up to a maximum aggregate amount of two hundred and fifty thousand dollars (US $250,000).

  • Unigold applied to convert the Xxxxx Sur area into an Exploitation Concession in early 2022.

  • The maximum term of the Exploitation Concession shall be for twenty­five (25) years.

  • The annual contribution to training shall be increased by twenty-five thousand US Dollars (US $25,000) each time an Exploitation Concession is granted, not to exceed a total annual amount of one hundred thousand US Dollars (US$100,000).

  • The purpose of this Agreement (of which the Appendices form part) is to specify the rights and obligations of the Parties resulting from the Exploration Permits and any Exploitation Concession which might derive there from.


More Definitions of Exploitation Concession

Exploitation Concession means any Exploitation Concession granted to KOSMOS and to ONHYM, pursuant to the Hydrocarbon Code and to this Agreement and which derives from the Exploration Permits;
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Exploitation Concession means the Concession granted under the Geological and Mining Law for the Exploitation of Natural Gas and Oil of the type referred to in Article 15.2 of the Geological and Mining Law. 1.2.5 'Concession Effective Date" as to any particular Concession means the date on which the Minister signs the Concession.
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Related to Exploitation Concession

  • 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.

  • Concession means the granting of a license or right to act for or on behalf of the Board, or to provide a service requiring the approval or endorsement of the Board, and which may or may not involve a payment or exchange, or provision of services by or to the Board, provided that the term concession will not include vending machines.

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • Sexual exploitation means any actual or attempted abuse of a position of vulnerability, differential power, or trust for sexual purposes. It includes profiting monetarily, socially, or politically from sexual exploitation of another.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.