Common use of Authorization for Expenditure Clause in Contracts

Authorization for Expenditure. authorization prepared by the Operator and submitted to the Operating Committee, pursuant to Xxxxx XX, for the expenses required for execution of the Operations in the Contract Area. Assessment: set of Operations intended to check the commercial feasibility of a Discovery or set of Discoveries of Oil and Gas in the Contract Area.

Authorization for Expenditure. authorization prepared by the Operator and submitted to the Operating Committee, pursuant to Xxxxx XXXXXX, for the expenses required for execution conduction of the Operations in the Contract Area. Assessment: set of Operations intended to check the commercial feasibility of a Discovery or set of Discoveries of Oil and Gas in the Contract Area.