Common use of APPRAISAL OF A HYDROCARBONS DISCOVERY Clause in Contracts

APPRAISAL OF A HYDROCARBONS DISCOVERY. 11.1. In the event that the Contractor discovers Hydrocarbon shows in the interior of the Delimited Region, it must notify the Government as soon as possible and submit, within thirty (30) days following the date of provisional shutting in or abandonment of the discovery well, a report providing all information relative to said discovery.