Petroleum Industry definition

Petroleum Industry means the persons in Zimbabwe who are engaged in the business of procuring, selling or producing petroleum products;

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Petroleum Industry means the upstream, midstream and downstream petroleum industry in Nigeria;

Petroleum Industry means the International Petroleum Industry.

Examples of Petroleum Industry in a sentence

• All Abandonment and site restoration activities shall be performed in accordance with Best International Petroleum Industry Practices.

• As used herein, the terms “proved reserves”, “proved developed reserves”, “proved developed producing reserves”, “proved developed nonproducing reserves” and “proved undeveloped reserves” shall be determined in accordance with Petroleum Industry Standards.

• The reporting requirements to the Minister shall be consistent with Good International Petroleum Industry Practice.

• The Contractor shall promptly run tests after completion of drilling, as it may determine to be required under Modern Oil Field and Petroleum Industry Practices in respect of such Discovery, to determine whether the Discovery is of potential commercial interest and submit the informationin relation to the particulars of such Discoveryin writing as per the prescribed format within one hundred and eighty(180) days fromthe initial notification of the Discovery to the Management Committee.

• In that event, the Minister and the Contractor shall meet as soon as possible in order to consider the proposed revisions or modifications in light of Good International Petroleum Industry Practice.

• The Concessionaire shall plan, prepare, execute and control the Operations in a diligent, efficient and appropriate manner, in accordance with Applicable Law and Petroleum Industry Best Practices, respecting the provisions of this Agreement and not engaging in any act that constitutes or may constitute an infringement of the economic order.

• The balance of any amounts which remain unpaid more than thirty (30) days after they are due to UFRF shall accrue interest until paid at the rate of the lesser of [***] percent ([***]%) per month or [***].

• In general, Contractor shall make available appropriate managerial and technological skills and personnel to the FOD with a view to ensuring that Petroleum Operations can be performed in accordance with Best International Petroleum Industry Practices.

• The notice shall include all relevant information on the Discovery and particulars on any testing programme which the Contractor intends to carry out, in accordance with Good International Petroleum Industry Practice, to contribute to the evaluation of the Hydrocarbons encountered during drilling.

• Development ▇▇▇▇▇ shall be spaced in a manner so as to ensure, in accordance with Good International Petroleum Industry Practice, the maximum economic recovery of the Hydrocarbons contained in the Field in question.

More Definitions of Petroleum Industry

Petroleum Industry means the industrial cluster that manufactures, imports, wholesales, distributes and retails Liquid Fuels, together with such associated industries as may be considered integral to the execution of those goals;

Petroleum Industry means a Contractor conducting Petroleum Operations pursuant to the Nepal Petroleum Act, 2040 (1983).

Petroleum Industry means the discoverers and producers, refiners and traders of fuels, as well as

Petroleum Industry has the meaning specified Section 113.

Petroleum Industry. - means any operation directly incident to:

Petroleum Industry means the industry engaged in the exploration for, and production of, petroleum in New Zealand, and other associated industries.