Common use of Assessment Plan Clause in Contracts

Assessment Plan. In case the Operating Committee considers that a Discovery needs to be assessed, the Operator shall submit to the other Consortium Members a proposed Discovery Assessment Plan in details within sixty (60) days. During the period of thirty (30) days as of submission of the proposal, the Operating Committee shall meet to analyze and resolve upon the proposed Discovery Assessment Plan. In case the Assessment Plan is established by the Operating Committee, the Operator shall take the measures necessary for submitting it to ANP for analysis and approval. In case ANP requires changes in the Assessment Plan, the matter shall be submitted again to the Operating Committee for further analysis, following the procedures and deadlines established in the preceding paragraphs.

Assessment Plan. In case the Operating Committee considers deems that a Discovery needs to be assessed, the Operator shall submit to the other Consortium Members a proposed detailed proposal for a Discovery Assessment Plan in details within sixty (60) days. During the period of thirty (30) days as of submission of the proposal, the Operating Committee shall meet to analyze and resolve upon the proposed Discovery Assessment Plan. In case the Assessment Plan is established by the Operating Committee, the Operator shall take the necessary measures necessary for submitting to submit it to ANP for analysis and approval. In case ANP requires changes in the Assessment Plan, the matter shall be submitted again to the Operating Committee for further analysis, following the procedures and deadlines established in the preceding paragraphs.

Assessment Plan. In case the Operating Committee considers that a Discovery needs to be assessed, the Operator shall shall, within sixty (60) days, submit to the other Consortium Members a proposed Discovery Assessment Plan in details within sixty (60) daysdetail. During the period of thirty (30) days as of submission of the proposal, the Operating Committee shall meet to analyze and resolve upon the proposed Discovery Assessment Plan. In case the Assessment Plan is established by the Operating Committee, the Operator shall take the measures necessary for submitting it to ANP for analysis and approval. In case ANP requires changes in the Assessment Plan, the matter shall be submitted again to the Operating Committee for further analysis, following the procedures and deadlines established in the preceding paragraphs.