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.
"Our clients have always rated and valued the commerciality
of the advice we give them, and it is right to build on that.
The relationship that ex- ists between creativity and commerciality
is a fraught one.They coex- ist but don't get on, not truly.
The government will pay their share of the historic cost and take a 20 per cent stake in the project at the time of commerciality
. But as I said before all the commercial terms and conditions will be part of the negotiations after the presentation in early 2013.
Further drilling is expected before the commerciality
of the prospects discovered are accurately assessed.
"This allows us to bring our own commerciality
to the legal advice that we provide." DTM has worked with a large variety of companies, including Calder Industrial Materials and Corbett Sports.
Despite assurances from the GBGB chairman that 2010 would see the issue of commerciality
addressed, that has not happened.
Iran had in September 2008 approved the commerciality
of the discovery in the Farsi block.
Bulgaria's government has granted Melrose Certificates of Commerciality
for the Kavarna and Kaliakra fields, and development planning in both cases is well advanced.
Questerre Energ is currently concentrated on establishing commerciality
of its Utica shale gas discovery in the area.
New Delhi, Jan 19 (ANI): The Government has approved a further Declaration of Commerciality
(DoC) on the Rajasthan licence RJ-ON-90/1 in North West India.
He added that the firm had submitted a gas commerciality
report with Iranian authorities last December.