Good Oilfield Practices definition
Good Oilfield Practices means all those things that are generally accepted in the international petroleum industry as good, safe, economical and efficient in exploring for and producing Hydrocarbons.
Good Oilfield Practices means any practices which are generally applied by persons involved in the exploration or production of petroleum in other countries of the world as good, safe, efficient and necessary in the carrying out of exploration operations or production operations;
Good Oilfield Practices has the meaning assigned to it in section 1(i) of the Petroleum Act;
Examples of Good Oilfield Practices in a sentence
In rendering his decision, the expert shall do so within the context of the provisions of this Agreement, the Act and the standards of Good Oilfield Practices.
More Definitions of Good Oilfield Practices
Good Oilfield Practices means good international petroleum industry practices with such degree of diligence and prudence reasonably and ordinarily exercised by experienced parties engaged in a similar activity under similar circumstances and conditions.
Good Oilfield Practices means practices followed in Petroleum Industry as defined in the Rules.
Good Oilfield Practices means all those things that are generally accepted in the international petroleum industry as good, safe, economical and efficient in exploring for and producing petroleum.
Good Oilfield Practices means all those things that are generally accepted as good, safe and efficient in the carrying on of prospecting for petroleum or, as the case may be, operations for the production of petroleum;
Good Oilfield Practices has the meaning established in the Gas Agreement. “GOT” means the Government of the United Republic of Tanzania.
Good Oilfield Practices means all those things that are generally accepted as good, safe and efficient in the carrying on of exploration or development operations;
Good Oilfield Practices means good and prudent oil and gas industry practices used under the same or similar circumstances and conditions in the country in which the relevant operations are undertaken.