Production Test definition
Production Test means a test to determine a well production rate; “risk assessment” means an assessment that identifies
Production Test means production test as defined in IEEE Standard 1547.
Production Test means any One-Point Test that is performed to determine PRU Deliverability which occurs after a successful One-Point Test has been performed.
Examples of Production Test in a sentence
Beginning with the Fiscal Quarter ending March 31, 2015, the Issuer shall not be required to comply with the Minimum Production Test so long as the Issuer’s Consolidated Adjusted EBITDAX is equal to or greater than $20,000,000 for the applicable Fiscal Quarter; provided that if the Issuer’s Consolidated Adjusted EBITDAX is less than $20,000,000 during any Fiscal Quarter after the Fiscal Quarter ending March 31, 2015, the Issuer shall comply with the Minimum Production Test each Fiscal Quarter thereafter.
The Platform contains three (3) accounts: Production, Test, and Demonstration.
Unless otherwise provided in this Agreement, Artest and MLIN shall invoice each other for fees for any Production Test Services provided pursuant to this agreement.
If either party materially breaches a provision and fails to cure such breach within the thirty (30) days after receiving written notice from the other party, such other party shall have the right at its option to terminate the Production Test Services portion of this Agreement.
Unless otherwise specified, the term of the Production Test Services part of the Agreement shall be for a minimum of three (3) years from the date of the execution of this Agreement.
More Definitions of Production Test
Production Test means a performance test of the Plant conducted for a consecutive thirty (30) day period in accordance with the test procedures established under the EPC Contract to measure the average daily quantity of SNG produced by the Plant; provided, however, that if during such thirty (30) consecutive day period there shall occur an event of Force Majeure which adversely affects the production of SNG, the day affected by such event of Force Majeure shall be excluded from the determination period and the thirty (30) consecutive period shall be extended by each such day that SNG production is adversely affected by Force Majeure until there are thirty (30) days in the test period; provided, further, that notwithstanding the extension provided herein for events of Force Majeure, the thirty (30) days included in the test period must occur within sixty (60) consecutive calendar days. For example if the Production Test commences on day one, and there is an event of Force Majeure that adversely affects SNG production for two (2) days, then the Production Test will be completed on day thirty-three (33) and the test results shall be calculated on the thirty (30) completed test days excluding the test days affected by Force Majeure; provided that all thirty (30) completed test days fall on or before day sixty (60).
Production Test means a test conducted to measure the rates at which fluids are produced from or injected into a well in a pool for reservoir evaluation purposes; ( essai de production )
Production Test means a performance test of the Plant conducted for a consecutive thirty (30) day period in accordance with the test procedures established under the EPC Contract to measure the average daily quantity of SNG produced by the Plant; provided, however, that if during such thirty (30) consecutive day period there shall occur an event of Force Majeure which adversely affects the production of SNG, the day affected by such event of Force Majeure shall be excluded from the determination period and the thirty (30) consecutive period shall be extended by each such day that SNG production is adversely affected by Force Majeure until there are thirty (30) days in the test period, provided, further, that notwithstanding the extension provided herein for events of Force Majeure, the thirty (30) days included in the test period must occur within sixty (60) consecutive calendar days. For example if the Production Test commences on day one, and there is an event of Force Majeure that adversely affect SNG production for two (2) days, then the Production Test will be completed on day thirty-three (33) and the test results shall be calculated on the thirty (30) completed test days excluding the test days affected by Force Majeure; provided that all thirty (30) completed test days fall on or before day sixty (60).
Production Test means the production by the Project, over a continuous period of 30 days occurring prior to the Long-Stop Date, of a total of a least 2,600 tonnes of contained nickel in oxide form and 220 tonnes of contained cobalt in carbonate form (such amounts representing 60% of the Asset’s expected capacity and the amount of 220 tonnes of cobalt being adjusted to reflect any difference between the grade of cobalt in the ore actually mined and the grade assumed by Inco). Project means the nickel-cobalt mine, Plant, and supporting infrastructure being constructed, and to be operated by the Project Manager in the South Province of New Caledonia.
Production Test means a performance test of the Plant conducted for a consecutive thirty (30) day period in accordance with the test procedures established under the EPC Contract to measure the average daily quantity of SNG produced by the Plant; provided, however, that if during such thirty (30) consecutive day period there shall occur an event of Force Majeure which adversely affects the production of SNG, the day affected by such event of Force Majeure shall be excluded from the determination period and the thirty (30) consecutive period shall be extended by each such day that SNG production is adversely affected by Force Majeure until
Production Test means an operation (other than formation fluid sampling into a container positioned by a wireline operation) carried out on a well to recover reservoir fluids for or in connection with estimating well productivity:
Production Test means a production capacity test used to determine the Well production rate;