Common use of DELEGATION AND ADMINISTRATION Clause in Contracts

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

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