Petroleum Rights definition

Petroleum Rights means a permit, licence and lease issued under these rules;
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Petroleum Rights means the sub-licences referred to in Clause 6(1)(b) hereof.
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Petroleum Rights means all of Quaneco’s interest in and to the Leases, to the extent applicable to the Option Lands, as set forth in Schedule “A”;
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Examples of Petroleum Rights in a sentence

  • Section 3 of the Petroleum Act, Chapter 62:01 of the Laws of the Republic of Trinidad and Tobago (hereinafter referred to as “the Act”)provides that Public Petroleum Rights (as defined in the Act) are vested in the State and are exercisable by the President on behalf of the State.

  • The areas available for the purpose of awarding Petroleum Rights to conduct Petroleum Activities are divided into blocks delimited by coordinates and points according to meridians and parallels, unless boundaries with other nation states or other circumstances warrant otherwise.

  • The State shall undertake a strategic environmental assessment study before any Petroleum Rights are awarded or Petroleum Activities are initiated in areas where such rights have not previously been awarded or activities permitted.

  • The obligation to implement the approved plan for the cessation of Petroleum Activities and decommissioning of Facilities is applicable even if the plan or the Petroleum Rights to be implemented are approved after the expiry of the Exploration and Production Agreement.

  • In connection with individual administrative decisions, conditions other than those stipulated by the Lebanese Offshore Petroleum Resources Law, these Regulations and the individual documents awarding or granting Petroleum Rights may be stipulated, when such conditions pursuant to the said law are appropriately linked with the Petroleum Activities to which such special conditions relate.

  • The Right Holder shall acquire, prepare, store and disclose to the Petroleum Administration the material and documentation necessary for ensuring and proving the safe and effective performance of Petroleum Activities, as described in these Regulations and the relevant Petroleum Rights documents.

  • A delay penalty shall be payable on any amount due pursuant to the Offshore Petroleum Resources Law governing Petroleum Activities or Petroleum Rights, and shall be equivalent to the delay penalty paid on withholding tax, according to the Tax Procedures Law.

  • The Minister may, based on the opinion of the Petroleum Administration, issue guidelines and establish standards to supplement and implement these Regulations when such are needed for the implantation, monitoring and control pursuant to these Regulations or individually awarded Petroleum Rights.

  • Lebanese laws, including provisions relating to Petroleum Rights, and consents or approvals required according to such legislation, shall be applicable to Petroleum Activities.

  • The provisions of this chapter relating to Reconnaissance plan, notification, Data, samples analysis and reports shall apply similarly to Reconnaissance conducted under an Exploration and Production Agreement or other Petroleum Rights.


More Definitions of Petroleum Rights

Petroleum Rights means rights to petroleum to be extracted or to interests in, or to the benefit of, petroleum;
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Petroleum Rights means all right, title, interest and estate of the Partnership, whether absolute or contingent, legal or beneficial, present or future, vested or not, and whether or not an “interest in land”, in or to any of the following, by whatever name the same are known:
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Related to Petroleum Rights

  • Petroleum and Natural Gas Rights means the Vendor’s entire interest in those Petroleum Substances underlying the Lands in the respective formations to the extent that the same are described in Schedule “A” and are granted by the Leases, subject to the Permitted Encumbrances, and includes the interest and right of the Vendor in any lands or leases with which those Petroleum Substances have been pooled or unitized;

  • Petroleum refinery means each facility engaged in producing gasoline, kerosene, distillate fuel oils, residual fuel oils, lubricants, or other products through distillation of petroleum or through redistillation, cracking, extracting, or reforming of unfinished petroleum derivatives.

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

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

  • Petroleum liquids means crude oil, condensate, and any finished or intermediate products manufactured or extracted in a petroleum refinery.

  • Petroleum Substances means petroleum, natural gas, natural gas liquids, related hydrocarbons and any and all other substances, whether liquid, solid or gaseous, whether hydrocarbons or not, produced or producible in association with any of the foregoing.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • 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;

  • Petroleum product means crude oil, petroleum, refined petroleum products, byproducts and intermediate feed stocks, and other energy-related commodities, including, without limitation, blend components commonly used in the petroleum industry to improve characteristics of, or meet governmental or customer specifications for, petroleum or refined petroleum products.

  • Mineral Rights mean the mineral and oil and gas rights, interest and leases, pipelines and pipeline rights of way situated on and under the Real Property.

  • Petroleum means the crude oil removed from the earth and the oils derived from tar sands, shale, and coal.

  • 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;

  • 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.

  • Surface Rights is defined in Section 2.2(h).

  • Mining Rights means, without limitation, freehold title, fee title, leases, concessions, patented mining claims and millsites, unpatented mining claims and millsites, prospecting and exploration rights, mining and mineral rights, in respect of the Material Properties, or other conventional property or proprietary interests or rights, recognized in the jurisdiction in which the Material Properties are located.

  • Approved Petroleum Engineers means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers reasonably acceptable to the Administrative Agent.

  • 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.

  • exploration licence means an exploration licence under Part 2 of the Mineral Resources Development Act 1990; S. 3(1) def. of "fish" inserted by No. 40/2002 s. 3(a).

  • Oil and Gas Leases means all leases, subleases, licenses or other occupancy or similar agreements (including any series of related leases with the same lessor) under which a Person leases, subleases or licenses or otherwise acquires or obtains rights to produce Hydrocarbons from real property interests.

  • Petroleum Industry Standards means the Definitions for Oil and Gas Reserves promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question.

  • Approved Petroleum Engineer means any reputable firm of independent petroleum engineers as shall be selected by Borrower and approved by Administrative Agent, such approval not to be unreasonably withheld.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Hydrocarbon Interests means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature.

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

  • 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.

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.