Common use of Extension of Field beyond Contract Area Clause in Contracts

Extension of Field beyond Contract Area. 5.8.1 If, during work performed after approval of a Development and Production Plan, it appears that the geographical extent of a Field is larger than the Development and Production Area designated pursuant to Article 5.5, the Ministry may grant the Contractor the additional area, on condition that it is included in the Contract Area in effect at that time, and provided that the Contractor provides supporting evidence of the existence of the additional area applied for. 5.8.2 In the event that a Field extends beyond the boundaries of the Contract Area as delimited at any particular time, the Ministry may require the Contractor to exploit such Field in association with the contractor of the adjacent area in accordance with Article 22, the Hydrocarbons Law and generally accepted practice of the international petroleum industry. 5.8.3 When the area proposed to be unitized is not subject to any production sharing contract, such area shall be the subject of new negotiations between the Parties, it being understood that any award of an additional area must be in accordance with the Hydrocarbons Law.

Extension of Field beyond Contract Area. 5.8.1 If, during work performed after approval of a Development and Production Plan, it appears that the geographical extent of a Field is larger than the Development and Production Area designated pursuant to Article 5.5‎5.5, the Ministry may grant the Contractor the additional area, on condition that it is included in the Contract Area in effect at that time, and provided that the Contractor provides supporting evidence of the existence of the additional area applied for. 5.8.2 In the event that a Field extends beyond the boundaries of the Contract Area as delimited at any particular time, the Ministry may require the Contractor to exploit such Field in association with the contractor of the adjacent area in accordance with Article ‎Article 22, the Hydrocarbons Law and generally accepted practice of the international petroleum industry. 5.8.3 When the area proposed to be unitized is not subject to any production sharing contract, such area shall be the subject of new negotiations between Ministry may grant the PartiesContractor the additional area, on condition that it is included in the Contract Area in effect at that time, it being understood that any award of an additional area must be in accordance with the Hydrocarbons Law.

Extension of Field beyond Contract Area. 5.8.1 If, during work performed after approval of a Development and Production Plan, it appears that the geographical extent of a Field is larger than the Development and Production Area designated pursuant to Article 5.5‎5.5, the Ministry may grant the Contractor the additional area, on condition that it is included in the Contract Area in effect at that time, and provided that the Contractor provides supporting evidence of the existence of the additional area applied for. 5.8.2 In the event that a Field extends beyond the boundaries of the Contract Area as delimited at any particular time, the Ministry may require the Contractor to exploit such Field in association with the contractor of the adjacent area in accordance with Article 22‎22, the Hydrocarbons Law and generally accepted practice of the international petroleum industry. 5.8.3 When the area proposed to be unitized is not subject to any production sharing contract, such area shall be the subject of new negotiations between Ministry may grant the PartiesContractor the additional area, on condition that it is included in the Contract Area in effect at that time, it being understood that any award of an additional area must be in accordance with the Hydrocarbons Law.