Common use of Exploration of Oil and Gas Clause in Contracts

Exploration of Oil and Gas. The Parties acknowledge and agree that the State shall have the right to carry on, in and upon the Property, such operations necessary for and in connection with the discovery, extraction, preparation, utilization, removal and sale of any and all minerals above and below the Storage Reservoirs subject to any requirements or restrictions imposed by Applicable Law(s) and Applicable Procedure(s). However, the State’s rights are to be exercised so as not to unreasonably interfere with, and with due regard for, the operations to be carried on by Operator in accordance with this Agreement.

Exploration of Oil and Gas. The Parties acknowledge and agree that the State shall have the right to carry on, in and upon the Property, such operations necessary for and in connection with the discovery, extraction, preparation, utilization, removal and sale of any and all minerals above and below the Storage Reservoirs subject to any requirements or restrictions imposed by Applicable Law(s) and Applicable Procedure(s). However, the State’s rights are to be exercised so as not to unreasonably interfere with, and with due regard for, the operations to be carried on by Operator AP in accordance with this Agreement.

Exploration of Oil and Gas. The Parties acknowledge and agree that the State shall have the right to carry on, in and upon the Property, such operations necessary for and in connection with the discovery, extraction, preparation, utilization, removal and sale of any and all minerals above and below the Storage Reservoirs subject to any requirements or restrictions imposed by Applicable Law(s) and Applicable Procedure(s). However, the State’s rights are to be exercised so as not to unreasonably interfere with, and with due regard for, the operations to be carried on by Operator Capio in accordance with this Agreement.