Common use of Diligence to Conduct Operations Clause in Contracts

Diligence to Conduct Operations. The Concessionaire shall plan, prepare, implement, and control the Operations in a diligent, efficient and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Concessionaire shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for protection of human life, heritage, and environment, pursuant to Section Twenty-One; respect the applicable technical, scientific, and safety rules and procedures, including as to recovery of fluids, aiming at rationalizing the Production and controlling the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that increment the economic yield and the Production of the Deposits. The Operator’s duties are as follows:

Diligence to Conduct Operations. The Concessionaire shall plan, prepare, implement, and control the Operations in a diligent, efficient and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Concessionaire shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, heritageproperties, and environment, pursuant to Section Twenty-One; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at rationalizing the Production rationalization of production and controlling the control of the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that increment increase the economic yield and the Production of the Deposits. The following are the Operator’s duties are as followsduties:

Diligence to Conduct Operations. The Concessionaire shall plan, prepare, implement, and control the Operations in a diligent, efficient and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Concessionaire shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, heritage, and environment, pursuant to Section Twenty-One; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at rationalizing the Production rationalization of production and controlling the control of the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that increment increase the economic yield and the Production of the Deposits. The It is the Operator’s duties are as followsduty to:

Diligence to Conduct Operations. The Concessionaire shall plan, prepare, implement, and control the Operations in a diligent, efficient and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Concessionaire shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, heritage, and environment, pursuant to Section Twenty-OneSeventeen; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at rationalizing the Production rationalization of production and controlling the control of the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that increment increase the economic yield and the Production of the Deposits. The It is the Operator’s duties are as followsduty to: