Methodology and Basis of Estimate Sample Clauses

Methodology and Basis of Estimate. Estimated emissions to air were calculated based on a combination of emission forecasting using bespoke software and spreadsheet-based manual calculations. The emissions forecasting software (developed by PI Ltd.) was used to calculate CO2 from the input gas composition, with all other pollutants calculated using the forecaster calculated fuel flow for the turbine units and UK EEMS emission factors. The source of the main data inputs were: · Process data was obtained from the project heat and material balance · Fuel Gas composition was taken from the project heat & material balance · Equipment Details were obtained from the: o Electrical Load Summary o Equipment Lists o Equipment Load Profile o Electrical Load Profile o Electrical Load Lists · Production Data was obtained from the latest production profile. · Flaring scenarios (duration, frequency and flowrates) as estimated by the project. In addition, the volumes of diesel usage over the life of field both by diesel users and the main diesel generator were made based on data provided by the project engineers. The model assumed flash gas compressor shut down for planned maintenance activities for 10 days every two years, one trip occurring once a year for 8 hours and 1 emergency depressurisation event occurring once every 5 years for 2 hours. In each case the associated flaring associated with these events was included within the model. The model was run at 15°C, in order to simulate average ambient meteorological conditions as the performance of the main emission sources are affected by the ambient air temperature. The emission modelling was initially carried out using the PI Emissions Forecaster software and subsequently updated to capture changes in the anticipated flare profiles and scenarios. These updates were completed using manual calculations. The design base case assumed the use of SGT-A35 (G62) G62 gas turbines for both power generation and mechanical drive for gas compression with 10% import power via subsea cable. Table 5 Estimated ACE Offshore Emissions (Combustion Sources) During Operations Source CO2 NOx N2O SO2 CO CH4 VOC Total 7,295,068 27,340 1,023 114 4,104 10,964 955 Emissions during operations will also arise from: · Fugitive emissions e.g. from fittings (refer to Annex 1 of this Appendix); and · Supply and support vessels. Emissions associated with vessels during offshore operations were estimated based on estimated fuel consumption rates multiplied by the expected number and durati...
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Related to Methodology and Basis of Estimate

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • USE OF ESTIMATES The Sponsor is authorized to make all Net Asset Value determinations (including, without limitation, for purposes of determining redemption payments and calculating Sponsor’s Fees) on the basis of estimated numbers. The Sponsor shall not (unless the Sponsor otherwise determines) attempt to make any retroactive adjustments in order to reflect the differences between such estimated and the final numbers, but rather shall reflect such differences in the Accounting Period in which final numbers become available. The Sponsor also shall not (unless the Sponsor otherwise determines) revise Sponsor’s Fee calculations to reflect differences between estimated and final numbers (including differences which have resulted in economic benefit to a Sponsor Party). If, after payment of redemption proceeds, the Sponsor determines that adjustment to the Net Asset Value of the redeemed Units is necessary, the redeeming Investor (if the Net Asset Value is adjusted upwards) or the remaining Investors (if the Net Asset Value is adjusted downwards) will bear the risk of such adjustment. The redeeming Investor will neither receive further distributions from, nor will it be required to reimburse, this FuturesAccess Fund in such circumstances.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds the CITY’s stated construction budget by ten percent (10%) or more, CONSULTANT shall make recommendations to CITY for aligning the Project design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Basis of Computation Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day year.

  • Methodology 1. The price at which the Assuming Institution sells or disposes of Qualified Financial Contracts will be deemed to be the fair market value of such contracts, if such sale or disposition occurs at prevailing market rates within a predefined timetable as agreed upon by the Assuming Institution and the Receiver. 2. In valuing all other Qualified Financial Contracts, the following principles will apply: