Common use of Exploration and Production of Oil and Gas Clause in Contracts

Exploration and Production of Oil and Gas. 2.1. The subject matter of this Agreement is execution, in the Contract Area, at the Contracted Party’s account and risk, of Operations of Exploration and Production of Surplus Oil and Gas on a Transfer of Rights basis in the Contract Area, under a Development Plan approved by ANP.

Exploration and Production of Oil and Gas. 2.1. The subject matter of this Agreement is execution, in the Contract Area, at the Contracted Party’s account and risk, of Operations of Exploration and Production of Surplus Oil and Gas on a Transfer of Rights basis in the Contract Area, under a Development Plan approved by ANP.