Common use of Development System Clause in Contracts

Development System. Description of the Development System including: (i) the type of Production System proposed, for example, tension leg well jacket, floating production system, including the Production System’s location, configuration (number of well slots or subsea tiebacks), and production capacity; (ii) the Facilities and their daily processing capacity for Hydrocarbon production and the gathering system necessary to transport the Hydrocarbons from the well heads to the interconnect with the pipeline or offtake point servicing the Contract Area; (iii) a projected time schedule for designing, contracting, fabricating, constructing, or otherwise acquiring, transporting, and installing the Development System; (iv) the estimated date of initial Hydrocarbon production and the estimated initial daily rate of Hydrocarbon production; (v) the estimated Costs (not in the form of an AFE) of the Development System; (vi) all proposed hydrate or paraffin control systems or techniques, method of pressure maintenance, or enhanced recovery plan; (vii) a description of the proposed well completion techniques, that is, dual versus single; and (viii) The equipment and space on, and the weight and the buoyancy of, the Development System, which are required to make the enhanced recovery and pressure maintenance plans and objectives referred to in Article 12.4.1(j)(iii)(D) possible;

Development System. Description of the Development System including: (i) the type of Production System proposed, for example, tension leg well jacket, floating production system, including the Production System’s location, configuration (number of well slots or subsea tiebacks), and production capacity; (ii) the Facilities and their daily processing capacity for Hydrocarbon production and the gathering system necessary to transport the Hydrocarbons from the well heads to the interconnect with the pipeline or offtake point servicing the Contract Area; (iii) a projected time schedule for designing, contracting, fabricating, constructing, or otherwise acquiring, transporting, and installing the Development System; (iv) the estimated date of initial Hydrocarbon production and the estimated initial daily rate of Hydrocarbon production; (v) the estimated Costs (not in the form of an AFE) of the Development System; (vi) all proposed hydrate or paraffin control systems or techniques, method of pressure maintenance, or enhanced recovery plan; (vii) a description of the proposed well completion techniques, that is, dual versus single; and (viii) The the equipment and space on, and the weight and the buoyancy of, the Development System, which are required to make the enhanced recovery and pressure maintenance plans and objectives referred to in Article 12.4.1(j)(iii)(D) possible;