Completion

(redirected from completions)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Completion

In the context of project financing, occurs after a Completion Test, when the project's cash flows become the primary method of repayment. Prior to completion, the primary source of repayment is usually from the sponsors or from the turnkey contractor.

Completion

In project finance, the time at which a project has been finished, functions, and is generating enough revenue such that its cash flows become the primary way the project is repaying debt. Completion applies especially to construction and other infrastructure projects. For example, an oil company may build a series of oil pumps and finance the construction though bonds. Completion occurs when the oil pumps are completed and are working, and the cash flows generated by the oil are repaying the bonds. See also: Sales Completion, Physical Completion.
References in periodicals archive ?
Choice Completions Systems LLC is an emerging technology company that is specialising in the supply of downhole products for unconventional multi-stage completions.
A completion bond is the standard means to assure investors that a film will be completed and distributed even if it runs over budget.
Russell Porter, Gastar's President & CEO, stated, "The successful completion of the middle Bossier zones in the John Parker #1 well and the expected completion of the lower Bossier sands in the Wildman Trust #2 should significantly increase Gastar's net production and cash flow and position the Company for increased levels of drilling activity in the deep Bossier play as we bring on a third drilling rig in the 4th quarter.
5 million for this project in 2006, which will be used to fund the drilling and completion of 24 Company operated and 24 non-operated horizontal wells, the installation of pipelines and related infrastructure, and the acquisition of additional leasehold.
AMEX:GST) (TSX:YGA) is pleased to announce that it has finalized initial completion operations on its two most recent wells in the Hilltop area of East Texas.
With 37 locations in North America, the company offers a full range of fixed base operations; maintenance, repair and overhaul; aircraft charter, sales and management; and large aircraft completions.
THE WOODLANDS, Texas -- Intelligent completion specialist WellDynamics and BP have signed a multi-well contract for the provision of SmartWell(R) downhole flow control and ancillary completion equipment to manage water injection in BP's deep water, Greater Plutonio development, in Angola, West Africa.
discuss information handover including benefits of EnCana's project completions system.
Ron Freswick, the West Coast-based Director of Aviation for ABC Completions who will be using the system said, "The ability to see is the greatest need of all and the head-down Max-Viz EVS-1000 Enhanced Vision System is the best safety feature invented for aircraft since Weather Radar.
Schlumberger Oilfield Services and China National Offshore Operating Company (CNOOC) recently successfully designed, drilled and completed the world's first TAML (Technology Advancement for Multilaterals) Level 6 intelligent completion in the South Java Sea, Indonesia.
TRIRIGA IBS for Aerospace leverages a unique, new Design to Operation(TM) (D2O(TM)) methodology, offering an enterprise software platform and a suite of integrated tools to automate all phases of "design and build" processes - from design and specification, to materials procurement, completions, and ongoing management.
Both completions are offsets to a Brigham first quarter 2001 discovery, which has produced approximately 1.