Common use of Exploitation Area Clause in Contracts

Exploitation Area. The portion of the Contract Area in which one or more Commercial Fields are found, as established in Clause 9 (Section 9.3) of this Contract. The area of the Commercial Fields will comprise the area of the vertical projection on the surface of the reservoir or reservoirs forming them, and which the Ministry of Mines and Energy defines in accordance with the Decree 3229 of 11 November 2003, or regulations which modify or replace it.

Exploitation Area. The It is the portion of the Contract Contracted Area in which where one or more Commercial Fields commercial fields are found, located as established set forth in Clause 9 (Section section 9.3) of this Contractcontract. The area of the each Commercial Fields will Field shall comprise the area boundary of the vertical projection on the surface of the reservoir or reservoirs forming them, that form part of it and which that have been defined by the Ministry of Mines and Energy defines Energy, in accordance with the conformity to Decree 3229 of 11 November 11, 2003, or regulations which modify with norms that amend or replace supersede it.

Exploitation Area. The portion of the Contract contracted Area in which one or more of the Commercial Fields are foundFields, as established in on Clause 9 (Section 9.3Number 9 hereto) of this Contractis located. The Each Commercial Field’s area of shall involve the Commercial Fields will comprise the area surrounding line of the vertical projection on the surface of the reservoir deposit or reservoirs forming themdeposits that it is made of, and which as defined by the Ministry of Mines and Energy defines in accordance with the Mines, pursuant to Decree 3229 of 11 3229, on November 11, 2003, or to the regulations which that might modify it or replace substitute it.