Tight Gas Policy definition

Tight Gas Policy means the Pakistan Tight Gas (Exploration and Production) Policy, 2011. “Trakker” means Trakker Energy (Private) Limited.
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Tight Gas Policy means the Tight Gas (Exploration & Production) Policy 2011.
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Tight Gas Policy means the Tight Gas Policy applicable at the date of signing of this Agreement.
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Examples of Tight Gas Policy in a sentence

  • Based on the criteria defined in the Tight Gas Policy, Zarghun South Paleocene reservoirs qualify for the incentives under the Tight Gas Policy.

  • In June 2011, the GoP promulgated the Tight Gas Policy, under which tight gas reservoirs, subject to third party certification, would be eligible for an increased gas price.

  • The manner in which the entire process of documentation took place was to invite people from a particular area to meet over certain dates.

  • A supplemental GPA for gas pricing under the Tight Gas Policy, draft supplemental amendments to the Zarghun South PCA and a supplemental Lease deed incorporating the Tight Gas Policy terms are pending GoP approval, which is expected in the ordinary course.

  • Accordingly, DeGolyer was engaged for the purposes of certification and, in its report dated April 30, 2012, DeGolyer certified the Zarghun South gas field reserves as follows: (i) gas initially in place (proved plus probable) of 102 Bcf; (ii) recoverable gas reserves of 68.70 Bcf; (iii) gas reserves eligible for Tight Gas Policy pricing of 58.10 Bcf; and (iv) conventional gas reserves eligible for Petroleum Policy 2001 pricing of 10.6 Bcf.

  • Following this certification, a supplemental development plan seeking a revised Lease under the Tight Gas Policy was submitted to the GoP for approval in April 2012.

  • Government has recently introduced a new Petroleum Policy, a Liquid Petroleum Gas (LPG) Policy a Liquid Natural Gas (LNG) Policy and Tight Gas Policy.

  • The Government has also introduced Tight Gas Policy 2011 to extract gas from tight gas reservoir by offering additional gas price.

  • In order to fast track development and production of tight gas, an additional 10% premium was also offered for volumes that are brought into production within two years of announcement of the Tight Gas Policy.

  • Annual Report of Mari Gas Company Limited for the year ended June 30, 2012 Development Activities for Zarghun South Gas Field under Tight Gas Policy Zarghun Gas Field was discovered by Bolan JV in 1998.

Related to Tight Gas Policy

  • R&W Policy means that certain representations and warranties insurance policy issued by the R&W Insurer to the Buyer.

  • 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;

  • Gas public utility means a public utility, as that term is defined

  • Environmental Guidelines means the environmental guidelines and occupational health and safety standards of the World Bank Group as in effect on [Bid Date].

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • Stormwater runoff means water flow on the surface of the ground or in storm sewers, resulting from precipitation.

  • Stormwater Pollution Prevention Plan or "SWPPP" means a document that is prepared in accordance with good engineering practices and that identifies potential sources of pollutants that may reasonably be expected to affect the quality of stormwater discharges from the construction site, and otherwise meets the requirements of this Ordinance. In addition the document shall identify and require the implementation of control measures, and shall include, but not be limited to the inclusion of, or the incorporation by reference of, an approved erosion and sediment control plan, an approved stormwater management plan, and a pollution prevention plan.

  • Environmental Attributes means any emissions and renewable energy credits, energy conservation credits, benefits, offsets and allowances, emission reduction credits or words of similar import or regulatory effect (including emissions reduction credits or allowances under all applicable emission trading, compliance or budget programs, or any other federal, state or regional emission, renewable energy or energy conservation trading or budget program) that have been held, allocated to or acquired for the development, construction, ownership, lease, operation, use or maintenance of the Company as of: (i) the date of this Agreement; and (ii) future years for which allocations have been established and are in effect as of the date of this Agreement.

  • Economy Transportation means the lowest published available transportation rate for a ticket on a Common Carrier matching the original class of transportation that You purchased for Your Trip.

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Consensus Policies are those policies established (1) pursuant to the procedure set forth in ICANN’s Bylaws and due process, and (2) covering those topics listed in Section 1.2 of this Specification. The Consensus Policy development process and procedure set forth in ICANN’s Bylaws may be revised from time to time in accordance with the process set forth therein.

  • Transportation project means any project that the department is authorized by law to undertake including but not limited to a highway, tollway, bridge, mass transit, intelligent transportation system, traffic management, traveler information services, or any other project for transportation purposes.

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Air transportation means the public carriage by aircraft of passengers, baggage, cargo, and mail, separately or in combination, for remuneration or hire;

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.