Oil Mining definition

Oil Mining means operations associated with the production of oil or gas from reservoir access holes drilled from underground shafts or tunnels.
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Examples of Oil Mining in a sentence

  • Per the agreement, the exploration period is for 5 years after which the OPL converts to an Oil Mining License for a period of 20 years.

  • Under the terms of the agreement, the Company will acquire a 47% interest in the Ogedeh Marginal Field Award on the Farmed-Out Area within the Oil Mining License 90 (“OML 90 Project”) in Nigeria.

  • NAFCON National Fertilizer Company of Nigeria BTU British Thermal Unit NAOC Nigeria Agip Oil Company NEPA National Electric Power Authority NGC Nigerian Gas Company NGL Natural Gas Liquids NNPC Nigerian National Petroleum Corporation NPDC Nigerian Petroleum Development Company OML Oil Mining Lease OPL Oil Prospecting Licence Petrochem.

  • Under paragraphs 8, 9, 10, 11, 12 and 13 of the 1st schedule, petroleum act, the holder of Oil Mining Lease enjoys all the rights of an OPL holder.

  • The primary assets of Prime are an indirect 8% interest in Oil Mining Lease ("OML") 127 and an indirect 16% interest in OML130.

  • It is an investment made to acquire lasting interest in enterprises operating outside the economy of the investor (IMF, 1993).

  • The main asset of Eland Oil and Gas Plc is Oil Mining Lease 40 located in the Niger Delta.

  • OPERATIONS UPDATE Prime - Nigeria The main assets of Prime are an indirect 8% interest in Oil Mining Lease ("OML") 127 and an indirect 16% interest in OML 130.

  • In 2015, a native oil firm, Belema Oil, was authorized by some Ogoni community leaders to start oil extraction from the Oil Mining Lease (OML II) which is one of the biggest onshore oil blocks in Nigeria, comprising of 33 oil and gas fields, but MOSOP and some civil society groups disallowed the authorization (Yakubu, 2017; Umar & Othman, 2017).

  • In June 2014, CINRL was selected as the winning bidder for a 45% participating interest in active Oil Mining Lease 25 (“OML 25”) in the Niger Delta region, offered by joint venture partners The Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and Nigerian AGIP Oil Company Limited (collectively the “Shell JV”).

Related to Oil Mining

  • Mining means the mining, extracting, producing, handling, milling or other processing of Products.

  • Oil shale means a group of fine black to dark brown shales containing kerogen material that yields petroleum upon heating and distillation.

  • Oil and gas means petroleum, natural gas and other related hydrocarbons or minerals or any of them and all other substances produced or extracted in association therewith.

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Natural uranium means uranium with the naturally occurring distribution of uranium isotopes, which is approximately 0.711 weight percent uranium-235, and the remainder by weight essentially uranium-238.

  • Oil sands means impregnated bituminous sands that:

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Refining means removing or separating a desirable product from raw or contaminated materials by distillation or physical, mechanical, or chemical processes.

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Geothermal resources shall collectively mean the matter, substances and resources defined in subparagraph 21(a) that are not subject to this Lease but are located on adjacent land or lands in reasonable proximity thereto;

  • Coal means high-grade, medium-grade and low-grade category A and B coal within the meaning of the international codification system for coal established by the United Nations Economic Commission for Europe and clarified in the Council decision of 10 December 2010 on State aid to facilitate the closure of uncompetitive coal mines;

  • Ocean transportation means any transportation aboard a ship, vessel, boat, barge, or ferry through international waters.

  • Oil ’ means oil of any kind or in any form, including, but not limited to, petroleum, fuel oil, sludge, oil refuse, and oil mixed with wastes other than dredged spoil;

  • Fossil fuel means natural gas, petroleum, coal, or any form of solid, liquid, or gaseous fuel derived from such material.

  • Shellfish means those species of marine and freshwater

  • Mineral means gas, oil, and coal; other gaseous, liquid, and solid hydrocarbons; oil shale; cement material; sand and gravel; road material; building stone; chemical raw material; gemstone; fissionable and nonfissionable ores; colloidal and other clays; steam and other geothermal resources; and any other substance defined as a mineral by a law of this state.

  • cogeneration means the simultaneous generation in one process of thermal energy and electrical or mechanical energy;

  • Watercourse means a channel in which a flow of water occurs, either continuously or intermittently.

  • Bedrock means continuous rock that underlies the soil or is exposed at the surface. Bedrock is generally considered impervious, but if fractured or deteriorated, it may allow effluent to pass through without adequate treatment.

  • Mine means to carry on an operation with a view to, or for the purpose of—

  • Hydroelectric energy means water used as the sole source of energy to produce electricity.

  • Minerals means any and all ores (and concentrates derived therefrom) and minerals, precious and base, metallic and nonmetallic, in, on or under the Property which may lawfully be explored for, mined and sold.

  • Oil and Gas Business means the business of exploiting, exploring for, developing, acquiring, operating, producing, processing, gathering, marketing, storing, selling, hedging, treating, swapping, refining and transporting hydrocarbons and other related energy businesses.

  • Geothermal fluid means water in any form at temperatures greater than 120

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

  • 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