Enforcement of the Compensatory Penalty. If verified failure to comply with the Minimum Exploration Program, ANP shall summon the Concessionaire to pay the adjusted amount from the units of work which were not performed, as compensatory penalty, within thirty (30) days, without any discount for voluntary payment.
Appears in 4 contracts
Samples: Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas
Enforcement of the Compensatory Penalty. If verified failure to comply with the Minimum Exploration ProgramProgram is verified, ANP shall summon require the Concessionaire to pay the adjusted amount from of the units of work which were not performed, as a compensatory penalty, within thirty (30) days, without any discount for voluntary payment.
Appears in 1 contract
Samples: Concession Agreement for Exploration and Production of Oil and Gas
