Petroleum resources definition

Petroleum resources means petroleum or natural gas.
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Petroleum resources means petroleum, petroleum
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Petroleum resources means petroleum, petroleum byproducts and natural gas.
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Examples of Petroleum resources in a sentence

  • Contractor has the technical knowledge and experience, the administrative and managerial expertise, and financial resources to efficiently develop and produce the Petroleum resources of the Contract Area, and desires to contract with SOCAR for that purpose.

  • The object of this Decree-Law is to regulate Petroleum Operations in respect of Onshore Petroleum resources pursuant to Article 31 of the Petroleum Activities Law.

  • BAPEX is vested with all rights free from all encumbrances and liabilities whatsoever to assign, develop, produce, process, refine and distribute 100% (One hundred percent) of all Petroleum resources from or with within the territory of the Marginal/Abandoned gas fields of Chattak & Feni […] 14.

  • As a result of the Devolution Agreement and related legislation, the Commissioner has administration and control of Petroleum resources Onshore in the Northwest Territories.

  • The IRC has certain ownership and management and administrative rights, interests and obligations in respect of the ISR pursuant to the IFA that affect, or could be affected by, the management and administration of Petroleum resources in the ISR.

  • The Right Holder and the Operator shall provide training to Government employees involved in the management of Petroleum resources or monitoring of Petroleum Activities and related activities.

  • It is the intention of the Parties that the Petroleum resources of the Contract Area should be produced at the optimum rate which is to be fully consistent with the then current economic conditions, and the principles of sound reservoir management according to international Petroleum industry practice, in order to provide for the most economically efficient recovery of Petroleum ("Maximum Efficient Rate").

  • Each Right Holder shall co-operate with the Minister in giving a mutually agreed number of Government civil servants and personnel associated with Government entities in charge of Petroleum resources management, Petroleum Activity monitoring and control, the opportunity to participate in training activities provided for the employees of the Right Holder or any of its Affiliated Companies.

  • It is not certain when the monitoring body will be established, but the Ministry of Petroleum resources works with NNPC and the Energy Commission of Nigeria to handle all matters relating to bio-fuels in Nigeria.

  • For greater certainty, this Agreement does not limit the ability of a Party to enter into any other agreement or arrangement, with any person or party, with regard to the management, administration and development of Petroleum resources in the ISR that is not inconsistent with or in conflict with the terms of this Agreement.


More Definitions of Petroleum resources

Petroleum resources means petroleum, petroleum by-products or natural gas.
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Petroleum resources means crude oil, natural gas and hydrocarbons whether in natural liquid, gaseous, solid or semisolid state hydrates of oil and gas, sulfur and other similar substances associated with hydrocarbons that are in situ or recovered by petroleum operations;
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Petroleum resources means oil and gas in their natural state and the revenue or other entitlement accruing to Govern- ment from it;
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Petroleum resources means oil and gas in their natural state and the revenue or other entitlement accruing to Government from it;
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Petroleum resources means petroleum in whatever physical state located on or under the territory of Belize or in areas of the Continental Shelf in which rights of exploration and exploitation are exercisable by Belize;
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Petroleum resources means petroleum, petroleum byproducts, or natural gas. Section 215.473(1)(q), F.S.
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Related to Petroleum resources

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • 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;

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Historic resource means a publicly or privately owned historic building, structure, site, object, feature, or open space located within an historic district designated by the national register of historic places, the state register of historic sites, or a local unit acting under the local historic districts act, 1970 PA 169, MCL 399.201 to 399.215, or that is individually listed on the state register of historic sites or national register of historic places, and includes all of the following:

  • 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;