Common use of Assessment of New Reservoir Clause in Contracts

Assessment of New Reservoir. The Concessionaire 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 Seven, as appropriate. Discovery Assessment through Extended Well Test If the Discovery Assessment Plan contemplates the performance of a Extended Well Test, the Concessionaire shall request to ANP a specific authorization to do so. The performance of the Extended Well Test without the use or reinjection of the Natural Gas shall be limited to a term of up to one hundred and eighty (180) days, unless in exceptional cases, at ANP’s sole discretion.

Assessment of New Reservoir. The Concessionaire 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 Seven, as appropriate. Discovery Assessment through Extended Well Test If the Discovery Assessment Plan contemplates the performance of a Extended Well Test, the Concessionaire shall request to ANP a specific authorization to do so. The performance of the Extended Well Test without the use or reinjection of the Natural Gas shall be limited to a term of up to one hundred and eighty (180) days, unless in exceptional cases, at ANP’s sole discretion.

Assessment of New Reservoir. The Concessionaire 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 Seventhis Section, as appropriate. Discovery Assessment through Extended Well Test If the Discovery Assessment Plan contemplates the performance of a an Extended Well Test, the Concessionaire shall request to ANP a specific authorization to do so. The performance of the Extended Well Test without the use or reinjection of the Natural Gas shall be limited to a term of up to one hundred and eighty (180) days, unless in exceptional cases, at ANP’s sole discretion.