UK petroleum definition
UK petroleum means petroleum which for the time being exists in its natural condition in strata beneath relevant UK waters;
UK petroleum means petroleum (within the meaning given in section 1 of the Petroleum Act 1998) which for the time being exists in its natural condition in strata beneath—
UK petroleum means petroleum which for the time being exists in its natural condition in strata be- neath relevant UK waters;
Examples of UK petroleum in a sentence
The Norwegian Petroleum Act, for instance, provides that “the licensee becomes the owner of the petroleum which is produced.”89 Similarly, the UK petroleum regulation grants the “licensee exclusive licence and liberty….to search and bore for, and get, ▇▇▇▇▇- ▇▇▇▇”90(emphasis added).
Yet the regulation issued lacks the details on obligatory work commitments.179 However, the model production license depicted some obligatory commitments.180 The UK petroleum regulation, that subdivided the exploration and production periods into three periods, obligates the licensee to comply with the working commitments submitted and approved for each stage if the licensee is to continue to the next level of exploration/pro- duction period.
More Definitions of UK petroleum
UK petroleum means petroleum which for the time being exists in its natural condition in strata beneath relevant UK waters; “upstream petroleum infrastructure” has the meaning given in
UK petroleum means petroleum (within the meaning given in section 1 5