Offshore Facilities definition

Offshore Facilities means platforms and support systems such as oil and gas handling facilities, living quarters, offices, shops, cranes, electrical supply equipment and systems, fuel and water storage and piping, heliport, marine docking installations, communication facilities, navigation aids, and other similar facilities necessary in the conduct of offshore operations.

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Offshore Facilities means any facilities, seaward of the outer harbor line, floating or supported on a pier or piers, used to transfer or assemble materials or for construction purposes, except aquacultural facilities and structures, research and scientific monitoring facilities.

Offshore Facilities means platforms and support systems such as oil and gas handling facilities, living quarters, offices, shops, cranes, electrical supply equipment and systems, fuel and water storage and piping, heliport, marine docking installations communication facilities, navigation aids, And other similar facilities necessary in the conduct of offshore operations

Examples of Offshore Facilities in a sentence

• Operator shall charge the Joint Account for use of Operator-owned equipment and facilities, including Shore Base and/or Offshore Facilities, at rates commensurate with costs of ownership and operation.

• The Parties to this Contract are Operators of or intend to be the Operators of Offshore Facilities used in connection with exploration for or production of oil and gas.

• Operator shall charge the Joint Account for use of Operator-owned equipment and facilities, including but not limited to production facilities, Shore Base Facilities, Offshore Facilities, and Field Offices, at rates commensurate with the costs of ownership and operation.

• The Offshore Facility Application shall cover both Offshore Facilities and in form and substance satisfactory to the Offshore Finance Parties.

• A Operator shall charge the Joint Account for use of Operator-owned equipment and Facilities, including Shore Base/and or Offshore Facilities, at rates commensurate with costs of ownership and operation.

• Each Party and applicant to become a Party shall provide to the Association evidence of its financial responsibility to fulfil its obligations under Clause IV of OPOL in accordance with the criteria and in the form set out in Form B of these Rules (subject to such changes as the Association may prescribe in cases where the Association has agreed that OPOL does not apply to all Offshore Facilities of which that Party and applicant is or becomes the Operator).

• The interest rate in respect of the Offshore Facilities is 2.65% plus Hong Kong Interbank Offered Rate or USD London Interbank Offered Rate.

• Notwithstanding any other provision of this Contract or any provision of the Rules, the Association may in its absolute discretion accept such an application on the basis that this Contract shall be applicable to one or more Offshore Facilities of which that Party is or becomes the Operator but shall not be applicable to all Offshore Facilities of which that Party is or becomes the Operator.

• The proceeds from the drawdown of the Offshore Facilities will primarily be used (a) to fund the settlement of the outstanding consideration for the transfer of the equity interests in the Project Companies; (b) as interest reserve; and (c) to fund the settlement of fee and expenses in relation to the Offshore Facilities.

• Such fee does not include the salaries and wages and associated burdens and benefits of SELLER's field employees directly employed in the operation of the Oil & Gas Interests, SELLER's employees directly employed on Shore Base Facilities or other Offshore Facilities serving the Oil and Gas Interests, first level supervisors of the aforementioned field employees located at or near the Oil & Gas Interests, and technical employees directly employed on the Oil & Gas Interests.

More Definitions of Offshore Facilities

Offshore Facilities means all offshore sites, installations and facilities operated by a Client in waters off the coast of Western Australia or the Northern Territory.

Offshore Facilities means the offshore site/s, installation/s, facility/s where Demolition and Removal Work is occurring.

Offshore Facilities means all offshore sites, installations, facilities and or systems whether fixed or floating or semi-submersible including offshore vessels or FPSO, FSO or FLNG for the purpose of production, processing, piping and distribution of hydrocarbons or other ancillary products however described to or from oil and gas fields. Off Duty Period means a period in a Work Cycle during which an Employee does not have rostered shifts. Days during an Off-duty Period are unpaid non-working days. The Off-duty Period shall commence on the day of demobilisation from the Offshore Facility. On Duty Period means a period in a Work Cycle during which an Employee has rostered shifts, being either day or night shifts. The On-duty Period shall commence on the arrival at the Offshore Facility. Onshore Rate of Pay means the amount paid when an Employee is considered to be working onshore which includes the base hourly rate of pay contained in Schedule 1, applicable allowances and excludes the Offshore Allowance.

Offshore Facilities has the meaning set forth in Section 2.12.

Offshore Facilities means platforms, surface and subsea Development Systems and Production