Common use of Exploitation Area Clause in Contracts

Exploitation Area. The Exploitation Area will be demarcated as a regular polygon, four-sided, which will comprise the Commercial Field of the portion of it within the Contract Area, plus a margin around the Commercial Field of not more than one kilometer provided that the Contract Area so permits. Since the area of the Commercial Field in the Contract Area may vary, the Exploitation Area will remain unalterable except as allowed in Section 9.4 below.

Appears in 2 contracts

Samples: Exploration and Exploitation Contract, Exploration and Exploitation Contract (Harken Energy Corp)

AutoNDA by SimpleDocs

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

Appears in 2 contracts

Samples: Hydrocarbon Exploration and Production Contract, Hydrocarbon Exploration and Production Contract (Harken Energy Corp)

Exploitation Area. The Exploitation Area will shall be demarcated as by a regular polygon, preferably four-sided, which will comprise that includes the Commercial Field of or the portion of it within the Contract Contracted Area, plus a margin around no greater than one (1) kilometer surrounding the Commercial Field of not more than one kilometer provided that Field, whenever the Contract Contracted Area so permitsallows it. Since However the area of the Commercial Field contained in the Contract Exploitation Area may vary, the Exploitation Area will remain unalterable unaltered, except as allowed in Section 9.4 belowfor the provisions of the following subsection.

Appears in 2 contracts

Samples: Hydrocarbon Exploration and Production Contract (GeoPark LTD), Hydrocarbon Exploration and Production Contract (GeoPark Holdings LTD)

Exploitation Area. The Exploitation Area will shall be demarcated as delimited by a regular four-side polygon, four-sidedpreferable, which will shall comprise the Commercial Field of the or its portion of it within the Contract Contracted Area, plus a margin around surrounding the Commercial Field of not more larger than one kilometer (1) kilometer, provided that the Contract Contracted Area so permitsallows it. Since As required by the area of the Commercial Field contained in the Contract Exploitation Area may vary, the Exploitation Area will shall remain unalterable except as allowed unchangeable, unless the provided in Section 9.4 belownext section.

Appears in 1 contract

Samples: Hydrocarbon Exploratory and Production Contract (Harken Energy Corp)

AutoNDA by SimpleDocs

Exploitation Area. The Exploitation Area will shall be demarcated as circumscribed into a regular polygon, four-sidedpreferably a four – sided one, which that will comprise the Commercial Field of or the portion of it thereof within the Contract Contracted Area, plus a margin around the Commercial Field of not no more than one kilometer (1) kilometer, provided that the Contract Contracted Area so permitsallows it. Since Considering that the area of the Commercial Field contained in the Contract Exploitation Area may can vary, the Exploitation Area will remain unalterable shall be locked – in, except as allowed in Section 9.4 belowfor the following section.

Appears in 1 contract

Samples: Exploration and Exploitation Agreement (Gran Tierra Energy Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!