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 this section, as appropriate. Discovery Assessment through Extended Well Test If the Discovery Assessment Plan contemplates the performance of an Extended Well Test, the Consortium Members shall request to ANP a specific authorization to do so. The Cost Oil for the Extended Well Test shall be recovered in the Production Phase. The performance of the Extended Well Test without the use or reinjection of the Natural Gas shall be limited to a term of one hundred and eighty (180) days, unless in exceptional cases, at ANP’s discretion.