Common use of Authorized Variance Clause in Contracts

Authorized Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. A variance greater than such percentage shall be allowed due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP. The Consortium Members shall submit the justification to ANP by the fifteenth (15th) day of the month following the variance. The Consortium Members may request ANP to approve, upon prior request, the interruption of Production in one Field for a maximum period of one year, except for emergency events, act of God, force majeure, or similar causes, when the interruption shall be immediately informed. ANP shall assess the request within sixty (60) days and may request clarification from the Consortium Members. The assessment deadline may be renewed for the same period. Interruption of the Production shall not entail suspension of the term of the Agreement. As of the Production start of each Development Area or Field, the Consortium Members shall measure, from time to time, on a regular basis, the volume and quality of the Oil and Gas produced at the Measurement Point. The measurement methods, equipment, and tools established in the respective Development Plan and in the Applicable Laws and Regulations shall be used.