Operatorship definition

Operatorship means the exclusive right, privilege and obligation of exercising any rights granted by the owners or the board to act as operator of a well or drilling unit which rights are necessary and effective for prospecting for, producing, storing, allocating and distributing oil and gas extracted from a well or a drilling unit.
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Operatorship has the meaning given to it in Clause 2.1(ii).
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Operatorship means responsibility assigned to any person, company or entity to conduct petroleum operations on behalf of the Licensee in the Licence Area.
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Examples of Operatorship in a sentence

  • By the Date of Transfer of Operatorship, the Parties shall enter into the charter of the JOC which shall embody the principles set out in this JOC Heads of Agreement.

  • The BOD shall assume its duties and authorities as from the Date of Transfer of Operatorship.

  • The JOC shall be formed within twelve (12) months after ROC's decision to form the JOC, and shall commence the conduct of Petroleum Operations on the Date of Transfer of Operatorship, which date shall be within thirty (30) days after the formation of the JOC.

  • Operatorship including all books and records shall be transferred to FOD.

  • From the Date of Transfer of Operatorship, the payment for the above administrative overhead charges shall be shared equally between Contractor and ROC.

  • The Parties agree that there will be a period from and including the Closing Date until a date to be agreed between the Parties to allow for the smooth transition of the Operatorship from the Farmor to the Farmee (the “Transitional Period”).

  • The full charter of the JOC shall be entered into no later than thirty (30) days prior to the planned Date of Transfer of Operatorship.

  • TPDC, with the approval of the Ministry, hereby appoints PanAfrican Tanzania as the Operator of the Contract Area pursuant to the same operating requirements as are contained in the Operatorship Agreement, and to conduct Petroleum Operations in the Contract Area relating to the production and sale of Additional Gas and other Petroleum.

  • The Parties specifically anticipate that PanAfrican Tanzania shall enter into (a) an Operatorship Agreement with Songas whereby PanAfrican Tanzania shall operate the Discovery Blocks within the Contract Area for and on behalf of Songas with respect to the production of Protected Gas and (b) a Joint Operations Agreement with TPDC in the event that TPDC elects to participate in Joint Operations under a Development Programme pursuant to the provisions of Section 8.1.

  • The Parties acknowledge that pursuant to the terms and conditions of the Operatorship Agreement, PanAfrican Tanzania is acting as the Operator, for and on behalf of Songas, to conduct Petroleum Operations within the Discovery Blocks for the production and sale of Protected Gas.


More Definitions of Operatorship

Operatorship has the meaning given to it in Clause 2.1(ii). 1.47 Participating Interest means (i) in relation to the Contract, as to any Party that is a party under the Contract the undivided interest of such party expressed as a percentage of the total interest of all parties in the rights and obligations in and under from the Contract; and (ii) in relation to the JOA, as to any party to the JOA, the undivided interest of such party expressed as a percentage of the total interest of all parties in the rights and obligations in and under the JOA. 1.48 Past Costs has the meaning given to it in Clause 4.1(iv). 1.49 Parent Company Guarantee has the meaning given to it in Clause 4.1(v). 1.50 Permits means all easements, permits, licences, certificates, servitudes, surface leases, rights-of-way and other rights pertaining to, or used or held for use in connection with the Contract and operations under the JOA. 1.51 Post Closing Termination Right has the meaning given to it in Clause 4.3. 1.52 Records means all Kenyan accounting records, tax records, agreements, documents, computer files and tapes, maps, books, records, accounts, geological, geophysical, reservoir and engineering data, environmental reports, studies and all other files of Farmor relating to the Farmout Interest, the Operatorship and the Contract. This definition shall not include any information, over which legal privilege would extend, Xxxxxx's interpretation of the Records or managerial reports and decision-making documents. 1.53 Retained Interest means the thirty five percent (35%) Participating Interest in the Contract, held by the Farmor after the transfer of the Farmout Interest. 1.54 Rules has the meaning given to it in Clause 10.2(iii). 1.55 Security means any parent company guarantee or any other guarantee which may be provided by a Party in favour of the Government, if so required by the Government, with respect to the discharge of its obligations under the Contract. 1.56 Supplementary Attributable Costs has the meaning given to in Clause 4.1(vi). 1.57 Supplementary Attributable Costs Letter of Credit means an letter of credit to be provided by the Farmor or an Affiliate to the Farmee to guarantee the repayment to the Farmee of any Supplementary Attributable Costs pursuant to Clause 3.3(vi). 1.58 3D Acquisition has the meaning given to it in Clause 4.1(ii)(b)(2). -7- 1.59 Transferring Party has the meaning given to in Clause 13.1(iii). 1.60 Transitional Agreement means the agreement to be entered i...
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Operatorship has the meaning given to it in Clause 2.1(ii). 1.47 Participating Interest means (i) in relation to the Contract, as to any Party that is a party under the Contract the undivided interest of such party expressed as a percentage of the total interest of all parties in the rights and obligations in and under from the Contract; and (ii) in relation to the JOA, as to any party to the JOA, the undivided interest of such party expressed as a percentage of the total interest of all parties in the rights and obligations in and under the JOA.
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Operatorship means the duties of the Operator as defined under the JOA.
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Operatorship means the period in which a person is the Operator;
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Related to Operatorship

  • Industrial wastewater means the water or liquid carried waste from an industrial process. These wastes may result from any process or activity of industry, manufacture, trade or business, from the development of any natural resource, or from animal operations such as feedlots, poultry houses, or dairies. The term includes contaminated storm water and leachate from solid waste facilities.

  • Medical marijuana waste or "waste" means unused,

  • Process Wastewater means any water which, during manufacturing or processing, comes into direct contact with or results from the production or use of any raw material, intermediate product, finished product, by-product, or waste product.

  • Operators means the Access Provider and the Access Seeker collectively.

  • Wastewater means the spent water of a community. From the standpoint of source, it may be a combination of the liquid and water-carried wastes from residences, commercial buildings, industrial plants, and institutions, together with any groundwater, surface water, and storm water that may be present.

  • Marijuana producer means a person who produces marijuana in this state.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Reclamation means the United States Bureau of Reclamation.

  • Supply Agreements has the meaning set forth in Section 7.1.

  • Contracting and procuring means the systems for obtaining the supply of goods, materials, manufactured items, services, building and engineering services, works of construction and maintenance and for disposal of surplus and obsolete assets.

  • Bulk means material that is stored or transported in a loose, unpackaged liquid, powder, or granular form capable of being conveyed by a pipe, bucket, chute, or belt system.

  • Marijuana or "marihuana" means all parts of the plant Cannabis, whether growing or not, with a THC concentration greater than 0.3 percent on a dry weight basis; the seeds thereof; the resin extracted from any part of the plant; and every compound, manufacture, salt, derivative, mixture, or preparation of the plant, its seeds or resin. The term does not include the mature stalks of the plant, fiber produced from the stalks, oil or cake made from the seeds of the plant, any other compound, manufacture, salt, derivative, mixture, or preparation of the mature stalks (except the resin extracted therefrom), fiber, oil, or cake, or the sterilized seed of the plant which is incapable of germination.

  • Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Contract Area means, on the Effective Date, the area described in Appendix-A and delineated on the map attached as Appendix B or any portion of the said area remaining after relinquishment or surrender from time to time pursuant to the terms of this Contract (including any additional area as provided under Article 11.3).

  • Property management system means the Contractor’s system or systems for managing and controlling Government property.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Landscape waste means any vegetable or plant waste except garbage. The term includes trees, tree trimmings, branches, stumps, brush, weeds, leaves, grass, shrubbery, and yard trimmings.

  • Coalition means an alliance of two or more political parties formed for the purpose of pursuing a common goal and is governed by a written agreement deposited with the Registrar;

  • Transportation means any land, sea or air conveyance required to Transport the Insured during an Emergency Evacuation. Transportation includes, but is not limited to, air ambulances, land ambulances and private motor vehicles.

  • Marijuana wholesaler means a person who purchases marijuana items in this state for resale to a person other than a consumer.

  • Retail Marijuana means all parts of the plant of the genus cannabis whether growing or not, the seeds thereof, the resin extracted from any part of the plant, and every compound, manufacture, salt, derivative, mixture, or preparation of the plant, its seeds, or its resin, including but not limited to Retail Marijuana Concentrate, that is cultivated, manufactured, distributed, or sold by a licensed Retail Marijuana Business. “Retail Marijuana” does not include industrial hemp, nor does it include fiber produced from stalks, oil, or cake made from the seeds of the plant, sterilized seed of the plant which is incapable of germination, or the weight of any other Ingredient combined with marijuana to prepare topical or oral administrations, food, drink, or other product. If the context requires, Retail Marijuana includes Retail Marijuana Concentrate and Retail Marijuana Product.

  • Producers means all LBMs, MGAs, brokers, agents, general agents, COLI specialty brokers, broker-dealers, producers or other Persons who market or produce the Policies and who (a) have been appointed by the Company, and (b) are entitled to receive Commissions from the Company.

  • Reclamation plan means a plan submitted by an applicant for a permit which sets forth a plan for reclamation of the proposed surface coal mining operations pursuant to subsection 2 of section 38-14.1-14.

  • Railroad facilities means right of way and related