Final Investment Decision definition

Final Investment Decision or “FID” means the Board has affirmatively voted or consented to undertake construction of the Project and the Company has given a full notice to proceed under an EPC Contract.

Final Investment Decision means the date which is the earlier of:

Final Investment Decision or “FID” means that stage in the project planning process where decisions to make a major financial commitment is taken. Such FID point is presumptively reached by the placing of major equipment orders or the signing of EPC contracts.

Examples of Final Investment Decision in a sentence

• At the completion of FEED, a determination will be made regarding whether to make a Final Investment Decision (FID).

• That number will be refined and confirmed by early works Front End Engineering and Design (FEED) efforts prior to presenting a Final Investment Decision (FID) recommendation.

• The signature of these agreements marked an important step towards the Final Investment Decision, which was concluded in December at a ceremony attended by Commissioner Oettinger and several heads of state and government.

• Upon Final Investment Decision ("FID"), Maersk may be obligated to carry AOC for an additional amount of up to $405.0 million dependent upon meeting certain thresholds of resource growth and timing of first oil.On February 22, 2016, the Company completed the Ethiopian portion of the farmout with Maersk whereby Maersk acquired 50% of the Company’s interests in the South Omo and Rift Basin blocks in Ethiopia.

• Subsequently, on April 26, Repsol and its partners in the project signed the Final Investment Decision (FID), launching the development phase of the project which is forecast to begin production in late 2019.

More Definitions of Final Investment Decision

Final Investment Decision means the final approval and sanction by the owners of a New Project or Expansion Project;

Final Investment Decision means the final approval

Final Investment Decision means the decision taken at the level of an undertaking to definitively earmark funds for the investment phase of a project;”

Final Investment Decision means a decision by the board of directors (or equivalent body in the case other than a company) of the Capacity Provider, and (where relevant) of each other Joint Owner, to fully proceed with the investment for the project, including the decision that sufficient financial resources are available to meet the Total Project Spend;

Final Investment Decision means the Resolution to Construct, which is the Final Investment Decision within the meaning of section 4.1.5 of the FJO;

Final Investment Decision or “FID” means the board of directors of Parent has affirmatively voted or consented to undertake construction of a Project and the Company, acting through its Chief Executive Officer, President or any other officer of the Company authorized by the board of directors of Parent, has given a full notice to proceed under an EPC Contract.

Final Investment Decision means a positive final investment decision by the Company, of the definition of Driftwood LNG Project — Phase I, as declared by the Company, which final investment decision shall be subject to the satisfaction of the following conditions: the Partnership and its subsidiaries shall have (i) received all material approvals necessary to construct and operate the Driftwood LNG Terminal and the Driftwood pipeline (excluding any approvals which cannot be issued until after construction is commenced) ; (ii) received authorization by the U.S. Department of Energy for the export of LNG to countries with which the United States of America does not have an applicable free trade agreement; (iii) obtained sufficient executed firm commitment of financing in a form allowing non-recourse financing for Purchaser or its group for its share of the project’s debt; and (iv) secured sufficient equity financing (including the Company Subsidiary Investment) superior or equal to $6 billion, representing at least 12 MTPA; provided that with respect to subpart (iii) of the definition of Driftwood LNG Project — Phase I above, such Final Investment Decision may still be subject to Company obtaining all regulatory approvals, in which case the closing condition set forth in Section 5(a)(iii) will be deemed fulfilled even though all regulatory approvals have not been obtained.