Common use of Assessment of New Reservoir Clause in Contracts

Assessment of New Reservoir. The Consortium Members may assess a Discovery in a New Reservoir at any time during the effectiveness of the Agreement, according to the procedure provided for in Section Twelve, as appropriate.

Appears in 14 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

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Assessment of New Reservoir. The Consortium Members may assess a Discovery of Oil and Gas in a New Reservoir at any time during the effectiveness of the Agreement, according to the procedure provided for in Section Twelve, as appropriate.

Appears in 8 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

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Assessment of New Reservoir. The Consortium Members may assess a Discovery in a New Reservoir at any time during the effectiveness of the Agreement, according to the procedure provided for in Section Twelvethis section, as appropriate.

Appears in 6 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

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