Plateau Production Target definition

Plateau Production Target means (a) in the case of an Oil Field, the Net Oil Production Rate, or (b) in the case of a Gas Field, the Net Dry Gas Production Rate to be achieved and sustained for the Plateau Production Period in the relevant approved Development Plan.
Plateau Production Target means the Net Production Rate that is to be achieved and sustained for the Plateau Production Period, as bid and as specified in Article 2.2(a)(ii).
Plateau Production Target is a bid parameter under this Contract and is the Net Gas Production Rate that is to be achieved and sustained for the Plateau Period, pursuant to Article 2.2(a)(ii).

Examples of Plateau Production Target in a sentence

  • For the avoidance of doubt, if Contractor fails substantially to achieve the Plateau Production Target or Plateau Production Period for reasons including inadequate investment and/or failure to observe and apply Best International Petroleum Industry Practices, ROC may consider this to be a failure within the context of this Article and exercise its rights under this Contract.

  • As seen in Figure 9, when the contractual plateau production target is set to 2.95 million barrels per day instead of the 2.85 million barrels per day that was specified in the Rumaila TSC, the deadweight loss decreases from 1.1% relative to the first-best under “TSC Optimal”, to 0.72% relative to the first-best under “TSC Optimal, Contractual Plateau Production Target = 2.95 million barrels/day”.

  • Development Plans submitted by Contractor for approval must contemplate achieving the Plateau Production Target within such time period.

  • It is understood that the Plateau Production Target shall only include production from producing reservoirs as defined in Annex D, and is to be achieved, subject to Article 12.2, not later than six (6) Years from the Effective Date.

  • DCCP Staff will appropriately notify all property owners within the District boundary and the City will publish the notice of the hearing in a daily newspaper for five days as required by State Statute.

  • Buildout under the proposed Specific Plan would not alter the alignment or otherwise reconfigure streets surrounding the campus, but it would change the configuration of on‐ campus vehicular, bicycle, and pedestrian circulation.

  • For the avoidance of doubt, if Contractor fails substantially to achieve the Plateau Production Target or Plateau Production Period for reasons including inadequate investment and/or failure to observe and apply Best International Petroleum Industry Practices, NOC may consider this to be a failure within the context of this Article and exercise its rights under this Contract.

  • The Enhanced Redevelopment Plan (and any Revision) submitted by Contractor for approval must contemplate achieving the Plateau Production Target within the designated time periods.

  • Operations in a manner that is designed to achieve the Improved Production Target and the Plateau Production Target.

  • The Enhanced Redevelopment Plan (and any Revision) submitted by Contractor for approval must contemplate achieving the Plateau Production Target.

Related to Plateau Production Target

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • Collaboration Compound means any of the following: (a) FG-4592, (b) any HIF Compound (other than FG-4592) that is added to this Agreement pursuant to Section 3.6, and (c) any salts, esters, complexes, chelates, crystalline and amorphous morphic forms, pegylated forms, enantiomers (excluding regioisomers), prodrugs, solvates, metabolites and catabolites of any of the foregoing ((a) or (b)).

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

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  • Nicotine product means a product that contains nicotine and is not any of the following:

  • Licensed Compound means [***].

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Phase I Clinical Study means a human clinical study of a product, the principal purpose of which is a preliminary determination of safety in healthy individuals or patients, as described in 21 C.F.R. 312.21(a).

  • Product Candidate means any pharmaceutical product developed, manufactured and/or tested by or on behalf of the Company that has not received a Regulatory Authorization for commercial distribution other than in connection with pre-clinical or clinical trials.

  • Lead Compound means any compound of lead other than galena which, when treated in the manner described below, yields to an aqueous solution of hydrochloric acid a quantity soluble lead compound exceeding, when calculated as lead monoxide, five percent of the dry weight of the portion taken analysis.

  • Product Category means the applicable category which best describes the product as listed in this Section 94508.

  • Drug Substance means an active ingredient that is intended to furnish pharmacological activity or other direct effect in the diagnosis, cure, mitigation, treatment, or prevention of disease or to affect the structure or any function of the human body, but does not include intermediates used in the synthesis of such ingredient.

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;

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  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

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