First Oil definition

First Oil means, in respect of each Development and Production Area, the date on which production of Hydrocarbons under a program of regular production, lifting and sale commences.
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First Oil means the first date on which any Petroleum (as defined in the Contract) is produced and saved under the Contract.
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First Oil shall have the meaning ascribed in Clause 3.1.2(a);
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Examples of First Oil in a sentence

  • First Oil: date at which the first measurement of volumes of Oil and Natural Gas takes place in one of the Production Measuring Points in each Module of the Development Stage.

  • For purposes of determination of the Local Content, the Development Phase shall start on the date of submission of the Declaration of Commercial Feasibility and shall end, for each Development Module, upon the first of: the lapse of ten (10) years after the Flow of First Oil; the abandonment by the Concessionaire of the Development of the Development Module; or the investments set forth in the Development Plan, except those related to field abandonment.

  • After the First Oil Crisis in 1973, district heating based on Combined Heat and Power (CHP) plants was one of the instant measures to fight the crisis and increase the overall system efficiency.

  • These in spite of the efforts expended by the Public Procurement Regulatory Authority (PPRA) to ensure compliance to procedures established under the Act through publications of gazette notices and use other avenues.

  • First Oil: date of the first measurement of volumes of Oil and Natural Gas at one of the Production Measurement Points, in each Development Module.

  • During 2012 EnQuest acquired interests in Kraken from Nautical Petroleum plc (25%) and First Oil plc (15%).

  • On April 01, 2005, following handover of the Field in November 2004, Platform executed a Joint Venture Agreement with Newcross Petroleum Limited resulting in a 60/40 Equity ownership of the Field with Platform remaining the Operator.➢ The Phase I development of the Field was kicked off in August 2005, culminating in First Oil, achieved on December 01, 2007.

  • The unwinding of discount on the other receivable of US$509,000 is included within finance income for the six months 30 June 2014 (30 June 2013: US$866,000).Other liabilityThe consideration for the acquisition of 40% of the Kraken field from Nautical and First Oil in 2012 was through development carries.

  • For purposes of determination of the Local Content, the Development Phase shall start on the date of submission of the Declaration of Commercial Feasibility and shall end, for each Development Module, upon the first of: the lapse of ten (10) years after the Flow of First Oil; withdrawal, by the Contractor, of the Development for the Development Module; or the investments set forth in the Development Plan, except those related to field abandonment.

  • While the ratio nose-dived in 1975 (the First Oil Recession) and stayed at around 0.6 (i.e., only six jobs were available for every 10 job seekers), it began to increase after 1987.


More Definitions of First Oil

First Oil means the event upon which Petroleum is being introduced in the process plant of the FPSO and has passed the Entry Points;
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Related to First Oil

  • BMC means Buckeye Management Company, a Delaware corporation.

  • Plinth means the portion of a structure between the surface of the surrounding ground and surface of the floor immediately above the ground.

  • First Horizon First Horizon Home Loan Corporation, a Kansas corporation and an indirect wholly owned subsidiary of First Tennessee National Corporation, a Tennessee corporation. Fitch: Fitch Ratings or any successor thereto. If Fitch is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 11.5(b) the address for notices to Fitch shall be Fitch, Inc., Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Residential Mortgage Surveillance Group, or such other address as Fitch may hereafter furnish to the Depositor and the Master Servicer.

  • First Storey means that part of a building having a floor area closest to grade with a ceiling height of more than 1.8 metres (6 ft.) above grade.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • CPN is a Common Channel Interoffice Signaling ("CCIS") parameter which refers to the number transmitted through a network identifying the calling party.

  • snippet shall have the meaning set out at Recital A;","hash":"813a6ffb30076cb349f66a8364b0fb3a","id":6},{"size":1,"snippetLinks":[{"key":"meaning","type":"clause","offset":[8,15]},{"key":"set","type":"clause","offset":[16,19]},{"key":"the-recitals","type":"clause","offset": [29,41]}],"samples":[{"uri":"/contracts/jhwMa33a02i#assignment-letter","label":"License and Supply Agreement (Vivus Inc)","score":21}],"snippet":"has the meaning set forth in the Recitals.","hash":"8147307746bce1e7e7ce0d9d9441a89a","id":7},{"size":1,"snippetLinks":[{"key":"the-particulars","type":"clause","offset":[6,21]},{"key":"assignment- to","type":"clause","offset":[29,42]},{"key":"performed-by","type":"clause","offset":[46,58]},{"key":"associate","type":"clause","offset":[63,72]}],"samples":[{"uri":"/contracts/kaNWrTtfjki#assignment-letter","label":"Agreement and Terms of Business","score":21}],"snippet":"means the particulars of the Assignment to be performed by the Associate.","hash":"bd75f1727aae028050aeece2ac32060a","id":8},{"size":1,"snippetLinks":[{"key":"that-certain","type":"definition","offset":[6,18]},{"key":"assignment","type":"clause","offset":[19,29]},{"key":"side-letter","type":"clause","offset":[30,41]},{"key":"dated-as-of","type":"definition","offset":[43,54]},{"key":"date- hereof","type":"clause","offset":[59,70]},{"key":"borrower","type":"clause","offset":[78,86]},{"key":"administrative-agent-and-lenders","type":"clause","offset":[88,120]}],"samples":[{"uri":"/contracts/84rXUsuvT9Q#assignment-letter","label":"Financing Agreement (TherapeuticsMD, Inc.)","score":21}],"snippet":"means that certain Assignment Side Letter, dated as of the date hereof, among Borrower, Administrative Agent and Lenders.","hash":"542ac5f8004066ce75a5a5108ba840c2","id":9}],"nextCurs":""}} id=pagination-first-page> , known to be the person(s) who executed the previous instrument.

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Natural gas company ’ means a person engaged in the transportation of natural gas in interstate commerce, or the sale in inter- state commerce of such gas for resale.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Falconry means the sport of taking quarry by means of a trained raptor.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • mariner means a person who is employed under a contract of service either as a master or member of the crew of any ship or vessel, or in any other capacity on board any ship or vessel, where—

  • Junkyard means an establishment or place of business which is maintained, operated or used for storing, keeping, buying or selling junk, or for the maintenance or operation of an automobile graveyard, including garbage dumps and sanitary fills.

  • IOSCO means the International Organisation of Securities Commissions.

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Summer Season in any year, means the Season commencing on 01 April in that year;

  • Graywater means untreated wastewater that has not been contaminated by any toilet discharge, has not been affected by infectious, contaminated, or unhealthy bodily wastes, and does not present a threat from contamination by unhealthful processing, manufacturing, or operating wastes. “Graywater” includes, but is not limited to, wastewater from bathtubs, showers, bathroom washbasins, clothes washing machines, and laundry tubs, but does not include wastewater from kitchen sinks or dishwashers. Health and Safety Code Section 17922.12.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Spring means a source of water where an aquifer comes in contact with the ground surface.

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Basin means a groundwater basin or subbasin identified and defined in Bulletin 118 or as modified pursuant to Chapter 3 (commencing with Section 10722).

  • Secondary Suite means an accessory dwelling unit that is attached to a single-family residential building on a lot in a zone that permits a single family residential building; (Bylaw 8036 & 8360)

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.