Common use of Abandonment of Xxxxx Clause in Contracts

Abandonment of Xxxxx. In accordance with Article 12, ROC shall approve, amend or reject all or part of the Abandonment Plan: (a) Notwithstanding the general requirements to undertake Abandonment and site restoration activities pursuant to Article 41.1, Contractor may at any time submit an application to ROCfor theAbandonmentof a Well. (b) Contractor shall not commence Abandonment operations on a Well before approval is received. ROCshall respond to applications for Abandonment within thirty (30) days. Contractor shall justify the application for Abandonment of a Well with at least one of the following reasons: (i) the Well is no longer safe to maintain in its current condition; and/or (ii) the Well is no longer economically viable or otherwise required for Reservoir management. (c) Unless otherwise allowed by ROC, Xxxxx not contemplated for future utilization shall be immediately plugged and abandoned by Contractor. (d) If a Well is proposed for Abandonment, then ROC shall consider with other Governmental authorities the possibility of utilizing the Well for activities other than Petroleum Operations.ROC may elect to defer the Abandonment, in which case it shall remain liable for the Well and its ultimate Abandonment. Should ROC so elect, Contractor shall hand over the Well in a safe condition suitable for its future utilization.

Abandonment of Xxxxx. In accordance with Article 12, ROC shall approve, amend or reject all or part of the Abandonment Plan: (a) Notwithstanding the general requirements to undertake Abandonment and site restoration activities pursuant to Article 41.1, Contractor may at any time submit an application to ROCfor theAbandonmentof ROC for the Abandonment of a Well. (b) Contractor shall not commence Abandonment operations on a Well before approval is received. ROCshall ROC shall respond to applications for Abandonment within thirty (30) days. Contractor shall justify the application for Abandonment of a Well with at least one of the following reasons: (i) the Well is no longer safe to maintain in its current condition; and/or (ii) the Well is no longer economically viable or otherwise required for Reservoir management. (c) Unless otherwise allowed by ROC, Xxxxx not contemplated for future utilization shall be immediately plugged and abandoned by Contractor. (d) If a Well is proposed for Abandonment, then ROC shall consider with other Governmental authorities the possibility of utilizing the Well for activities other than Petroleum Operations.. ROC may elect to defer the Abandonment, in which case it shall remain liable for the Well and its ultimate Abandonment. Should ROC so elect, Contractor shall hand over the Well in a safe condition suitable for its future utilization.