Common use of Exploitation Area Clause in Contracts

Exploitation Area. The Exploitation Area shall be outlined by a preferably four-sided regular polygon, which shall comprise the Commercial Field or its portion within the contracted Area, plus a not larger than one kilometer margin around the Commercial field, provided the Contracted Area allows it. Since the Commercial Field area contained within the Exploitation Area might vary, the Exploitation Area shall remain unaltered, with the exception of the stipulations in the paragraph below.

Appears in 2 contracts

Samples: resourcecontracts.org, Hydroarbon Exploration and Production Contract (Harken Energy Corp)

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Exploitation Area. The Exploitation Area shall will be outlined by demarcated as a preferably four-sided regular polygon, four-sided, which shall will comprise the Commercial Field or its of the portion of it within the contracted Contract Area, plus a not larger than one kilometer margin around the Commercial field, Field of not more than one kilometer provided that the Contracted Contract Area allows itso permits. Since the area of the Commercial Field area contained within in the Exploitation Contract Area might may vary, the Exploitation Area shall will remain unaltered, with the exception of the stipulations unalterable except as allowed in the paragraph Section 9.4 below.

Appears in 2 contracts

Samples: www.resourcecontracts.org, Harken Energy Corp

Exploitation Area. The Exploitation Area shall be outlined demarcated by a regular polygon, preferably four-sided regular polygonsided, which shall comprise that includes the Commercial Field or its the portion of it within the contracted Contracted Area, plus a not larger margin no greater than one (1) kilometer margin around surrounding the Commercial fieldField, provided whenever the Contracted Area allows it. Since However the area of the Commercial Field area contained within in the Exploitation Area might may vary, the Exploitation Area shall will remain unaltered, with except for the exception provisions of the stipulations in the paragraph belowfollowing subsection.

Appears in 2 contracts

Samples: GeoPark LTD, GeoPark Holdings LTD

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Exploitation Area. The Exploitation Area shall be outlined delimited by a preferably regular four-sided regular side polygon, preferable, which shall comprise the Commercial Field or its portion within the contracted Contracted Area, plus a margin surrounding the Commercial Field not larger than one kilometer margin around the Commercial field(1) kilometer, provided that the Contracted Area allows it. Since As required by the area of the Commercial Field area contained within in the Exploitation Area might may vary, the Exploitation Area shall remain unalteredunchangeable, with unless the exception of the stipulations provided in the paragraph belownext section.

Appears in 1 contract

Samples: Harken Energy Corp

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