Gas Field Clause Samples
The Gas Field clause defines the specific geographic area or reservoir from which natural gas is to be produced under the agreement. It typically outlines the boundaries or legal description of the gas field, ensuring all parties are clear about the source of the gas supply. By precisely identifying the gas field, this clause helps prevent disputes over the origin of the gas and ensures compliance with regulatory or contractual obligations regarding production sources.
Gas Field. A field that ECOPETROL qualifies as a producer of Natural Non-Associated Gas (or Free Natural Gas) when defining its commerciality and using information furnished by THE ASSOCIATE.
Gas Field. It is the field, that based on the information supplied by THE ASSOCIATE, will be rated by ECOPETROL as Non Associated Natural Gas Producer ( or free natural Gas) in the definition of its commercial nature.
Gas Field. (a) Subject to clause 6.1(b), the Seller is obliged to Make Available Gas in accordance with and subject to the terms of this Agreement from and utilising the Palm Valley Gas Field and the associated Seller’s Facilities.
(b) Subject to clause 6.1 (c), the Seller may, but is not obliged to, include as part of Gas Made Available in accordance with and subject to the terms of this Agreement to the Buyers at the Delivery Point Gas produced from and utilising another gas field nominated by the Seller, provided that Gas is produced by the Seller and is processed by the Seller’s Facilities (or is swapped for Gas produced by the Seller as described in clause 6.3(b)(i)), upon notice to the Buyers (and including a nominated quantity of Gas which may be delivered with respect to the relevant gas field in a Contract Year, which amount may be amended from time to time by the Seller by notice to the Buyer (Nominated Alternate Field Annual Quantity)) and at no additional cost to the Buyers. If so, such other nominated gas field shall be considered a Gas Field (in addition to the Palm Valley Gas Field) for the purposes of this Agreement, unless and until the Seller provides a further notice stating that it will Make Available Gas at the Delivery Point under this Agreement only from the Palm Valley Gas Field.
(c) A notice given by the Seller under clause 6.1