Common use of Abandonment and Decommissioning upon Termination of Development Area Clause in Contracts

Abandonment and Decommissioning upon Termination of Development Area. (a) If the Contractor recommends abandonment and or decommissioning of facilities assets or xxxxx belonging to it in connection with a termination of an Development Area, pursuant to sub-clause 3(5) of this Contract, the Government may elect to take ownership of and continue using such facilities, assets and xxxxx by giving the Contractor written notice of such decision within sixty (60) calendar days of the Government's receipt of the Contractor's notice of relinquishment. Upon so notifying the Contractor, which notification is effective as of the effective date of the Contractor’s relinquishment, the Government shall take ownership of, and be responsible for, abandonment and decommissioning of such facilities, assets and xxxxx. If the Government does not elect to continue using such facilities, assets or xxxxx, the Contractor shall be responsible for their abandonment and decommissioning upon termination of this Contract or of the Development Area within the corresponding Development area, if earlier. Contractor may in consultation with Government defer the abandonment and decommissioning operations for a reasonable length of time if this would result in operational efficiencies, which minimize the cost for all parties.

Abandonment and Decommissioning upon Termination of Development Area. (a) If the Contractor recommends abandonment and or decommissioning of facilities assets or xxxxx belonging to it in connection with a termination of an Development Area, pursuant to sub-clause 3(5) of this Contract, the Government may elect to take ownership of and continue using such facilities, assets and xxxxx by giving the Contractor written notice of such decision within sixty (60) calendar days of the Government's receipt of the Contractor's notice of relinquishment. Upon so notifying the Contractor, which notification is effective as of the effective date of the Contractor’s relinquishment, the Government shall take ownership of, and be responsible for, abandonment and decommissioning of such facilities, assets and xxxxx. Draft Production Sharing Contract Block L28 Ministry of Energy Page 52 If the Government does not elect to continue using such facilities, assets or xxxxx, the Contractor shall be responsible for their abandonment and decommissioning upon termination of this Contract or of the Development Area within the corresponding Development area, if earlier. Contractor may in consultation with Government defer the abandonment and decommissioning operations for a reasonable length of time if this would result in operational efficiencies, which minimize the cost for all parties.

Abandonment and Decommissioning upon Termination of Development Area. (a) If the Contractor recommends abandonment and or decommissioning of facilities assets or xxxxx belonging to it in connection with a termination of an Development Area, pursuant to sub-clause 3(5) of this Contract, the Government may elect to take ownership of and continue using such facilities, assets and xxxxx by giving the Contractor written notice of such decision within sixty (60) calendar days of the Government's receipt of the Contractor's notice of relinquishment. Upon so notifying the Contractor, which notification is effective as of the effective date of the Contractor’s relinquishment, the Government shall take ownership of, and be responsible for, abandonment and decommissioning of such facilities, assets and xxxxx. Production Sharing Contract Block L16 Ministry of Energy Page 52 If the Government does not elect to continue using such facilities, assets or xxxxx, the Contractor shall be responsible for their abandonment and decommissioning upon termination of this Contract or of the Development Area within the corresponding Development area, if earlier. Contractor may in consultation with Government defer the abandonment and decommissioning operations for a reasonable length of time if this would result in operational efficiencies, which minimize the cost for all parties.

Abandonment and Decommissioning upon Termination of Development Area. (a) If the Contractor recommends abandonment and or decommissioning of facilities assets or xxxxx belonging to it in connection with a termination of an Development Area, pursuant to sub-clause Clause 3(5) of this the Contract, the Government may elect to take ownership of and continue using such facilities, assets and xxxxx by giving the Contractor written notice of such decision within sixty (60) calendar days of the Government's receipt of the Contractor's notice of relinquishment. Upon so notifying the Contractor, which notification is effective as of the effective date of the Contractor’s relinquishment, the Government shall take ownership of, and be responsible for, abandonment and decommissioning of such facilities, assets and xxxxx. If the Government does not elect to continue using such facilities, assets or xxxxx, the Contractor shall be responsible for their abandonment and decommissioning upon termination of this the Contract or of the Development Area within the corresponding Development area, if earlier. Contractor may in consultation with Government defer the abandonment and decommissioning operations for a reasonable length of time if this would result in operational efficiencies, which minimize the cost for all parties.

Abandonment and Decommissioning upon Termination of Development Area. (a) If the Contractor recommends abandonment and or decommissioning of facilities assets or xxxxx belonging to it in connection with a termination of an Development Area, pursuant to sub-clause 3(5) of this Contract, the Government may elect to take ownership of and continue using such facilities, assets and xxxxx by giving the Contractor written notice of such decision within sixty (60) calendar days of the Government's receipt of the Contractor's notice of relinquishment. Upon so notifying the Contractor, which notification is effective as of the effective date of the Contractor’s relinquishment, the Government shall take ownership of, and be responsible for, abandonment and decommissioning of such facilities, assets and xxxxx. Production Sharing Contract Block 11A Ministry of Energy Page 51 If the Government does not elect to continue using such facilities, assets or xxxxx, the Contractor shall be responsible for their abandonment and decommissioning upon termination of this Contract or of the Development Area within the corresponding Development area, if earlier. Contractor may in consultation with Government defer the abandonment and decommissioning operations for a reasonable length of time if this would result in operational efficiencies, which minimize the cost for all parties.