Library / Applicable to all Oil & Gas Operators GUIDELINES FOR GRANT OF PERMIT TO ACCESS FLARE GAS Code: DPR Guide 0007 - 2020 Revision Date: 1st August 2020
Applicable to all Oil & Gas Operators GUIDELINES FOR GRANT OF PERMIT TO ACCESS FLARE GAS Code: DPR Guide 0007 - 2020 Revision Date: 1st August 2020
Page 23 of 31
Applicable to all Oil & Gas Operators GUIDELINES FOR GRANT OF PERMIT TO ACCESS FLARE GAS Code: DPR Guide 0007 - 2020 Revision Date: 1st August 2020 This is a property of the Department of Petroleum Resources. All rights reserved 23 Commercial Operations Date Date upon which the Flare Gas Buyer declares start of commercial operations or the date upon which it starts delivering its Flare Gas-to- Market Product to its Off-Taker(s), whichever comes earlier Condensate A low-density, high-API gravity liquid hydrocarbon phase that generally occurs in association with natural gas Confidentiality Agreement Confidentiality agreement that is signed by Applicant and submitted in connection with an Applicant’s submission of its SOQ Connection Agreement An agreement, conforming substantially to the template appended to the RFP Document, which is entered into by and between a Producer and a Flare Gas Buyer with respect to the connection of the respective facilities of the Producer and the Flare Gas Buyer through the Gas Connection Assets Consortium A consortium comprising two or more parties, which jointly submit a SOQ as a single Applicant pursuant to and in accordance with the terms and conditions of the RFQ, or submit a Proposal as a single Bidder pursuant to and in accordance with the terms and conditions of the RFP Contract Period The term of the Gas Sales Agreement Contract Year Any period of twelve (12) months commencing from the Commercial Operations Date and subsequently from the 1st day after each 12- month period thereafter Contracted Flare Gas Price The price to be paid by the Flare Gas Buyer to the Seller for Contracted Flare Gas Quantity as specified in the Gas Sales Agreement Contracted Flare Gas Quantity The sum of Contracted Guaranteed Flare Gas and Contracted Non- Guaranteed Flare Gas. The sum of Contracted Flare Gas quantity cannot be greater than the sum of the Offered Guaranteed Flare Gas and the Offered Non-Guaranteed Flare Gas quantity. Contracted Guaranteed Flare Gas The Guaranteed Flare Gas quantity contracted by the Flare Gas Buyer under the Gas Sales Agreement which can be no greater than the volume of the Offered Guaranteed Flare Gas quantity, and for which Flare Gas Buyer has entered into a Deliver or Pay Agreement with the Producer
CodesPDF20202020-0823