Common use of Commercial Field Clause in Contracts

Commercial Field. It is the field that ECOPETROL accepts as capable of producing Hydrocarbon in economically exploitable quantity and quality in one or more Production Targets defined by ECOPETROL.

Appears in 2 contracts

Samples: Association Contract, Association Contract (Harken Energy Corp)

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

Appears in 2 contracts

Samples: Association Contract, Association Contract (Aviva Petroleum Inc /Tx/)

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

Appears in 2 contracts

Samples: Association Contract, Association Contract (Aviva Petroleum Inc /Tx/)

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

Appears in 1 contract

Samples: Association Contract (Seven Seas Petroleum Inc)

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

Appears in 1 contract

Samples: Association Contract (Seven Seas Petroleum Inc)

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