DEVELOPMENT PLAN AND DEVELOPMENT WORK PROGRAMME. (1) The Contractor shall prepare, in consultation with the Minister, the Development Plan based on sound engineering and economic principles and in accordance with good international petroleum industry practice and considering the Maximum Efficient Rate of production appropriate to the Commercial Discovery.
Appears in 11 contracts
Samples: Participation Agreement, Participation Agreement, Participation Agreement
DEVELOPMENT PLAN AND DEVELOPMENT WORK PROGRAMME. (1) The Contractor contractor shall prepare, in consultation with the Minister, the Development Plan development plan based on sound engineering and economic principles and in accordance with good international petroleum industry practice and considering the Maximum Efficient Rate maximum efficient rate of production appropriate to the Commercial Discoverycommercial discovery.
Appears in 1 contract
Samples: Participation Agreement
