Hydrocarbon Deposit definition

Hydrocarbon Deposit means a continuous accumulation of hydrocarbons in the subsoil.
Hydrocarbon Deposit shall have the meaning given to it in the DE8 Contract;

Examples of Hydrocarbon Deposit in a sentence

  • If a Hydrocarbon Deposit extends into the licence areas of several licences, the licensees shall coordinate their activities in accordance with section 27(1) of the Mineral Resources Act.

  • The appraisal programme shall include a time schedule for the work to be performed in order to provide a sufficient basis for submitting a declaration of commerciality for the relevant Hydrocarbon Deposit prior to the expiry of the Exploration Period.

  • During and after the planning and implementation of an appraisal programme in accordance with section6.04, the licensee is entitled to delineate a reasonably sized contiguous area around the discovery well comprising the anticipated Hydrocarbon Deposit (the appraisal area).

  • The appraisal programme shall include a time schedule for the work to be performed in order to provide a sufficient basis for submitting a declaration of commerciality for the relevant Hydrocarbon Deposit prior to the expiry of the exploration period.

  • Introduction to Marine Controlled Source EM (CSEM) For Hydrocarbon Deposit Exploration1.1 Brief Background of Hydrocarbon Deposit ExplorationMeasurements of electrical resistivity beneath the seafloor have traditionally played a crucial role in hydrocarbon exploration ( Eidesmo, et al., 2002).

  • During and after the planning and implementation of an appraisal programme in accordance with section 6.06, the licensee is entitled to delineate a reasonably sized contiguous area around the discovery well comprising the anticipated Hydrocarbon Deposit (the appraisal area).

  • During and after the planning and implementation of an appraisal programme in accordance with section 6.04, the licensee is entitled to delineate a reasonably sized contiguous area around the discovery well comprising the anticipated Hydrocarbon Deposit (the appraisal area).

  • Notwithstanding the provisions of sections12.02-12.03, NUNAOIL A/S shall not bear its share of costs, expenses, obligations and liability in damages regarding wells drilled for the purpose of evaluating or delineating the Hydrocarbon Deposit concerned after the cessation of NUNAOIL A/S's carried interest according to section 12.02 (last sentence), provided that such wells have been spudded before approval of the development plan etc.

  • Moved by: GERVAISThat Council accept the report on the Hydrocarbon Deposit at the Little Smoky Lagoon as information.CARRIED 8.4 FIRE GUARDIAN 2013FIRE GUARDIAN 2013MOTION: 13.03.196.

Related to Hydrocarbon Deposit

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

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • 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.

  • Imposition Deposits are defined in Section 7(a).

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Applicable Contracts has the meaning set forth in Section 2.15(a).

  • Petroleum Substances means petroleum, natural gas, natural gas liquids, related hydrocarbons and any and all other substances, whether liquid, solid or gaseous, whether hydrocarbons or not, produced or producible in association with any of the foregoing.

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

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Carbon dioxide or “CO2” means the most common of the six primary greenhouse gases, consisting on a molecular level of a single carbon atom and two oxygen atoms.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Proven Mineral Reserve means that economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].