Development and Exploitation Works definition

Development and Exploitation Works means any operation relating to and carried out in any Exploitation Concession and, in particular, geological and geophysical works, the drilling of development ▇▇▇▇▇, the production of Hydrocarbons, the installation of gathering pipelines and the operations necessary for the maintenance of pressure and for primary and secondary recovery;
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Development and Exploitation Works means all operations relating to any Exploitation Concession and carried out in this latter and, in particular, any Development Plan, geological and geophysical works, drilling of development wells, including the drilling of delineation wells, the production of Hydrocarbons, the installation of collection pipes and the operations necessary for the maintenance of pressure and for primary or secondary recovery;
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Examples of Development and Exploitation Works in a sentence

  • The Parties shall conduct all Exploration Works and the Development and Exploitation Works according to the rules relating to safety and the protection of the environment in conformity with Section 38 of the Law as well as Sections 32 and 33 of the Decree.

  • The provisions of this Clause 12 shall apply to all drilling operations undertaken pursuant to the Petroleum Agreement and this Contract, provided however that if the drilling operations to be conducted are not part of the Development and Exploitation Works voted by the Management Committee undertaken under Exploitation Concession(s) and are proposed by PETCO, then this Clause shall only apply to PETCO and other eventual Parties, other than ONHYM and their respective Percentage Interest(s).

  • The Parties shall be bound by the control procedures set out by the Hydrocarbon Code for all their activities relating to Exploration Works and to Development and Exploitation Works.

  • The Parties, in accordance with the provisions of the Hydrocarbon Code, are bound by the provisions relating to the administrative control for the activities relating to Hydrocarbons Exploration, Development and Exploitation Works.

  • The repair costs relating to environmental damage due to performance of Development and Exploitation Works shall be borne by the Parties pro-rata to their respective interest.

Related to Development and Exploitation Works

  • Development Activities means those Development activities undertaken by or on behalf of a Party or its Affiliates with respect to the Product in the Field.

  • Project IPR means all Intellectual Property Rights that arise or are obtained or developed by either party, or by a contractor on behalf of either party, in respect of the Deliverables in the course of or in connection with the Project;

  • Project IP means any Intellectual Property created, invented or discovered in carrying out the Project including in respect of the Project Results but does not include Background IP or copyright in a Student’s thesis or other material produced by him/her for the purpose of assessment towards his/her degree.

  • Collaboration Technology means all Collaboration Patents and Collaboration Know-How.

  • Collaboration Know-How means all Know-How and Materials discovered, created, conceived, developed or reduced to practice in the course of performing activities under the Collaboration Program (whether solely by one Party or jointly by the Parties, in each case with their Affiliates or any Third Parties or any employees, consultants or agents of any of the foregoing which perform activities under the Collaboration Program).