Commercial Field. After the ASSOCIATE has obtained sufficient information related to Field development, the ASSOCIATE shall conduct a study to define petrophysical parameters, better productive area boundaries and reserves calculation. The study shall be conducted by the ASSOCIATE, at its expense, applying available technical methods in the country or abroad; and when the circumstances so require the pertinent revisions shall be made.
Appears in 3 contracts
Samples: Association Contract (Seven Seas Petroleum Inc), Association Contract (Seven Seas Petroleum Inc), Association Contract (Midwestern Resources Inc)
Commercial Field. 4.1 After the ASSOCIATE has obtained sufficient information related to Field development, the ASSOCIATE shall conduct a study to define petrophysical parameters, better productive area boundaries and reserves calculation. The study shall be conducted by the ASSOCIATE, at its expense, applying available technical methods in the country or abroad; and when the circumstances so require the pertinent revisions shall be made.
4.2 For new facilities or expansions/modifications, basic production and detailed engineering design shall be submitted to the Technical Subcommittee for consideration.
Appears in 1 contract
