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How is Offshore Project defined in a legal contract?

• Offshore Project means any project involving the marine transportation, production, processing or storage of crude oil using Offshore Assets. Seen in 3 SEC filings
• Offshore Project means one or more activities that are undertaken for the purpose of recovery of petroleum, including any conveyance of recovered petroleum by pipeline. Seen in 1 SEC filing

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Offshore Project means any activities related to marine transportation, production, processing, or storage of petroleum resources, using specific [assets].

Relevant Contract Types

• Joint Venture Agreement
• Project Development Agreement
• Supply and Procurement Agreement

Relevant Circumstances

• Collaboration between two or more companies for offshore resource extraction
• Development and management of a new offshore project
• Purchase or lease of offshore assets for resource extraction
• Transport and storage of extracted resources

Relevant Sectors

• Oil and Gas
• Logistics and Maritime Transport
• Energy and Utilities

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