Common use of DELEGATION AND ADMINISTRATION Clause in Contracts

DELEGATION AND ADMINISTRATION. The President of EMPRESA COLOMBIANA DE PETROLEOS—ECOPETROL—delegates to the Exploration and Production Vice-President the administration of this contract, according to ECOPETROL’s standards and regulatory provisions, empowering him to execute all transactions and processes inherent in Contract performance. The Vice-President of Exploration and Production may exercise this delegation through the Joint Exploration and Production Vice-Presidents.

DELEGATION AND ADMINISTRATION. The President of EMPRESA COLOMBIANA DE PETROLEOS—ECOPETROL—PETROLEOS - ECOPETROL - delegates to on the Exploration and Production Vice-President the administration of this contract, according to ECOPETROL’s 's standards and regulatory provisions, empowering him to execute with faculties for executing all transactions and processes inherent in to Contract performanceDevelopment. The Vice-President of Exploration and Production may exercise this delegation through the Joint Exploration and Production Operations Vice-PresidentsPresident.