Common use of Abandonment Plan Clause in Contracts

Abandonment Plan. 31.1 An abandonment plan as mentioned in Article 30 shall be submitted to the management committee and the Parties. 31.2 Any Party may prepare an alternative abandonment plan or make suggestions for alterations and shall, in such case, attach an account of the Party's diverging conclusions. Upon request, the Operator shall assist the Party in its work to the extent this does not involve costs or inconvenience to the joint venture. 31.3 The management committee may adopt an abandonment plan no earlier than three months after it received the plan. If a Party within this period has notified that it will prepare proposals for substantial alterations in the abandonment plan or an alternative abandonment plan, the management committee shall set a period of at least three months for the submittal of such proposal. 31.4 If the management committee adopts an abandonment plan prepared pursuant to Articles 30.2, 31.2 or 31.3, or makes substantial use of such abandonment plan, the Party who has prepared the plan may require that the cost relating to its preparation be reimbursed. 31.5 An approved abandonment plan with appurtenant documentation shall be submitted to the Parties, the Ministry, the Ministry of Labour and Social Inclusion and the Norwegian Petroleum Directorate. 31.6 In case one or more Parties intend(s) to oppose a decision by the management committee to submit an abandonment plan and instead continue the production, this or those Party(ies) may submit a proposal to this effect to the management committee, including a draft agreement for continued production. If no agreement is obtained about such agreement for continued production, the agreed abandonment plan shall be submitted in accordance with Article 31.5 together with the proposal for continued production.

Abandonment Plan. 31.1 37.1 An abandonment plan as mentioned in Article 30 37 shall be submitted to the management committee Management Committee and the Parties. 31.2 37.2 Any Party may prepare an alternative abandonment plan or make suggestions for alterations and shall, in such case, attach an account of the Party's diverging conclusions. Upon request, the Operator shall assist the Party in its work to the extent this does not involve costs or inconvenience to the joint ventureUnit. 31.3 37.3 The management committee Management Committee may adopt an abandonment plan no earlier than three months after it received the plan. If a Party within this period has notified that it will prepare proposals for substantial alterations in the abandonment plan or an alternative abandonment plan, the management committee Management Committee shall set a period of at least three months for the submittal of such proposal. 31.4 37.4 If the management committee Management Committee adopts an abandonment plan prepared pursuant to Articles 30.236.2, 31.2 37.2 or 31.337.3 , or makes substantial use of such abandonment plan, the Party who has prepared the plan may require that the cost relating to its preparation be reimbursed. 31.5 37.5 An approved abandonment plan with appurtenant documentation shall be submitted to the Parties, the Ministry, the Ministry of Labour and Social Inclusion and the Norwegian Petroleum Directorate. 31.6 37.6 In case one or more Parties intend(s) to oppose a decision by the management committee Management Committee to submit an abandonment plan and instead continue the production, this or those Party(ies) may submit a proposal to this effect to the management committeeManagement Committee, including a draft agreement for continued production. If no agreement is obtained about such agreement for continued production, the agreed abandonment plan shall be submitted in accordance with Article 31.5 37.5 together with the proposal for continued production.