Although the declaration of commerciality
is a welcome development, it is a formality merely confirming what we already knew about the Aphrodite reserves, said gas expert Charles Ellinas.
Agencies, the manifest form of creativity,needtorecognisethis new disorder in order to help commerciality
and, therefore, help themselves.
The Company is seeking a declaration of commerciality
for the A1-47/02 Field and formation of a JOC as soon as possible in order to progress the Front End Engineering and Design work required to finalize the development plan for approval by the JOC.
ONGC officials recently had a meeting with Iranian authorities on approval of the gas commerciality
is relevant because this attribute must exist to qualify for an exemption from submitting cost or pricing data.
I am thrilled that Rockwell Collins and DCMA were able to come to terms on this first-ever Commerciality
MOA, said Lt.
Initially, their successful identification of resource indicated 20 MW but now the declaration of commerciality
is 40 to 50 MW.
Noble Energy International Ltd, Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership, holders of a license for the exploration of hydrocarbons in block 12 of Cyprus' EEZ, have declared the commerciality
of the "Aphrodite" natural gas field" Cyprus` Energy Ministry said in a press release on Sunday, welcoming the development.
However, such circumstance can be superseded with a submission by the RE developer "of a declaration of commerciality
at any time during the pre-development stage and the confirmation thereof by the department.
But their commerciality
would be determined only after proper appraisal, ONGC said in a statement.