Common use of Commercial Field Clause in Contracts

Commercial Field. It is the Field which ECOPETROL accepts that is capable of producing Hydrocarbons in economically exploitable quantity and quality in one or more Production Targets defined by ECOPETROL upon acceptance of commerciality, without prejudice of the possibility of other Production Targets being found during the development phase.

Appears in 2 contracts

Samples: www.resourcecontracts.org:443, Aviva Petroleum Inc /Tx/

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Commercial Field. It is the Field which that ECOPETROL accepts that is capable of producing Hydrocarbons in economically exploitable quantity and quality in one or more Production Targets defined by ECOPETROL upon acceptance of commerciality, without prejudice of the possibility of other Production Targets being found during the development phase.

Appears in 2 contracts

Samples: www.resourcecontracts.org, Investment and Expenses (Aviva Petroleum Inc /Tx/)

Commercial Field. It is the Field which field that ECOPETROL accepts that is as capable of producing Hydrocarbons Hydrocarbon in economically exploitable quantity and quality in one or more Production Targets defined by ECOPETROL upon acceptance of commerciality, without prejudice of the possibility of other Production Targets being found during the development phaseECOPETROL.

Appears in 2 contracts

Samples: www.resourcecontracts.org, Harken Energy Corp

Commercial Field. It is Is the Field which ECOPETROL accepts that is capable of producing Hydrocarbons in economically exploitable quantity and quality in one or more Production Targets defined by ECOPETROL upon acceptance of commerciality, without prejudice of the possibility of other Production Targets being found during the development phasestage.

Appears in 1 contract

Samples: Seven Seas Petroleum Inc

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Commercial Field. It is Is the Field which ECOPETROL accepts that is capable of producing Hydrocarbons in economically exploitable quantity and quality in one or more Production Targets defined by ECOPETROL when upon acceptance of commerciality, without prejudice of the possibility of other Production Targets being found during the development phasestage.

Appears in 1 contract

Samples: Seven Seas Petroleum Inc

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