Hydrocarbon Assets definition

Hydrocarbon Assets means, from time to time, each Hydrocarbon Licence and block or other oil and gas accumulations in which any Group Company holds an ownership interest (either directly or through interests in production sharing contracts or similar), including the Atrush Assets and the Sarsang Assets.
View Source
Hydrocarbon Assets means, from time to time, each Hydrocarbon Licence and block or other oil and gas accumulations in which any Group Company holds an ownership interest (either directly or through interests in production sharing contracts or similar).
View Source
Hydrocarbon Assets means, at any time, all hydrocarbon (oil and/or gas) fields owned or held by any Group Company. Hydrocarbon Assets at the date of the Original Bond Agreement are listed under “Field Assets” in Attachment 4 (Fields and Hydrocarbon Licences).
View Source

Examples of Hydrocarbon Assets in a sentence

  • The amount of such Advance shall not exceed the actual amount invoiced by the Beneficiary for such shipment of Hydrocarbon Assets.

  • If the Bank agrees to make an Advance, it shall pay the amount thereof directly to the Beneficiary as full payment for the applicable shipment of Hydrocarbon Assets.

  • PBF HOLDING COMPANY LLC By: Name: Title: In consideration of you issuing this Standby Letter of Credit (“L/C”) under our full liability guaranteeing the purchase price of the above-mentioned Hydrocarbon Assets, we hereby grant to you, BNP Paribas (Suisse) SA, Geneva, a first priority security interest in such Hydrocarbon Assets.

  • Notwithstanding anything to the contrary in this Agreement, the Bank may refuse to make an Advance, regardless of whether a Borrowing Request has been delivered, if a Client has informed the Bank or the Bank otherwise has knowledge that the Beneficiary has received payment for the applicable Hydrocarbon Assets.

  • In consideration of the Bank’s financing for our account the purchase of the Hydrocarbon Assets described above, we hereby grant to you, BNP Paribas (Suisse) SA a first priority security interest in such Hydrocarbon Assets.

  • The Vendor makes no representations or warranties to the Purchaser as to transferability or assignability of operatorship of any Hydrocarbon Assets the Vendor currently operates.

  • The Borrower undertakes that it shall not incur any exploration expenditure relating to any Hydrocarbon Assets after the date hereof, save to the extent paid out of proceeds from the Dividend and Distributions Account.

  • At Closing, the Vendor will notify the co owners of those Hydrocarbon Assets that the Vendor currently operates, that the Vendor is resigning as operator.

  • To the extent that any other assets currently owned by the Vendor are located at any owned or leased real property constituting part of the Hydrocarbon Assets, the Purchaser will grant to the Vendor and its representatives reasonable access to such property from and after the Closing Date for a reasonable period of time not to exceed 365 days in order to permit the Vendor and its representatives to review and remove such assets and make any other appropriate arrangements with respect thereto.

  • The Purchaser will bear all Taxes, including sales Taxes, excise Taxes, severance or other production Taxes, ad valorem Taxes and any other federal, provincial, local or tribal Taxes attributable to ownership or operation of the Hydrocarbon Assets at and after the Effective Time, and all deductions, credits and refunds pertaining to the aforementioned Taxes, no matter when received, belong to the Purchaser.


More Definitions of Hydrocarbon Assets

Hydrocarbon Assets means, collectively, the Hydrocarbon Interests, the Miscellaneous Interests and the Tangibles Interests.
View Source

Related to Hydrocarbon Assets

  • Hydrocarbon Interests means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature.

  • Hydrocarbon means a compound consisting of hydrogen and carbon, which, when naturally occurring, may also contain other elements such as sulphur;

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil ▇▇▇▇▇, gas ▇▇▇▇▇, injection ▇▇▇▇▇ or other ▇▇▇▇▇, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • Oil and Gas Interests means: (a) direct and indirect interests in and rights with respect to oil, gas, mineral and related properties and assets of any kind and nature, direct or indirect, including, without limitation, working, royalty and overriding royalty interests, mineral interests, leasehold interests, production payments, operating rights, net profits interests, other non-working interests, contractual interests, non-operating interests and rights in any pooled, unitized or communitized acreage by virtue of such interest being a part thereof; (b) interests in and rights with respect to Hydrocarbons and other minerals or revenues therefrom and contracts and agreements in connection therewith and claims and rights thereto (including oil and gas leases, operating agreements, unitization, communitization and pooling agreements and orders, division orders, transfer orders, mineral deeds, royalty deeds, oil and gas sales, exchange and processing contracts and agreements and, in each case, interests thereunder), and surface interests, fee interests, reversionary interests, reservations and concessions related to any of the foregoing; (c) easements, rights-of-way, licenses, permits, leases, and other interests associated with, appurtenant to, or necessary for the operation of any of the foregoing; (d) interests in oil, gas, water, disposal and injection ▇▇▇▇▇, equipment and machinery (including well equipment and machinery), oil and gas production, gathering, transmission, compression, treating, processing and storage facilities (including tanks, tank batteries, pipelines and gathering systems), pumps, water plants, electric plants, gasoline and gas processing plants, refineries and other tangible or intangible, movable or immovable, real or personal property and fixtures located on, associated with, appurtenant to, or necessary for the operation of any of the foregoing; and (e) all seismic, geological, geophysical and engineering records, data, information, maps, licenses and interpretations.