Common use of ALLOCATION OF PRODUCTION Clause in Contracts

ALLOCATION OF PRODUCTION. 1. The Executive Agencies shall require the unit operator, on behalf of the Licensees and 60 days prior to the commencement of production from a Transboundary Reservoir, to initiate consultations on the allocation of production to each side of the Delimitation Line by submitting a proposal for the allocation of production for approval by the Executive Agencies to be applied from first production. The Executive Agencies shall, prior to any decision not in agreement with the proposal, jointly consult with the unit operator.

Appears in 4 contracts

Samples: comitemaritime.org, www.govinfo.gov, www.govinfo.gov

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