Field Development Program means the program of activities presented by the Contractor to the National Petroleum Agency for approval outlining the plans for the Development of a Commercial Discovery. Such activities include:
Field Development Program means the plan accepted and approved by the appropriate authority of any Person in the Joint Development Zone or the Exclusive Economic Zone to bring any oil discovery into commercial production.
Field Development Program means the program of activities presented by the Contractor to the National Petroleum Agency for approval outlining the plans for the Development of a commercial discovery under the applicable Authorization;
Examples of Field Development Program in a sentence
The expenditure for Decommissioning will be estimated on the basis of technical studies undertaken by the Contractor, to be agreed by the National Petroleum Agency, as part of each Field Development Program and revised as necessary.
More Definitions of Field Development Program
Field Development Program. – shall mean the detailed document, which, pursuant to the Treaty, the Treaty Regulations or Oil Revenue Law, as the case may be, is submitted by an oil operator for the establishment, construction and operation of facilities and services for the recuperation, processing, storage and transportation of hydrocarbons in the contracted operator’s block;
Field Development Program means the detailed document, under the terms of the Treaty, the Treaty Regulations or the Bill of Law on Oil Revenues, as the case should be, submitted by an oil operator for the establishment, construction and operation of facilities and services for the recuperation, processing, storage and transportation of hydrocarbons in the bloc of the contracted operator;