GOVERNMENT PARTICIPATION. (1) The Government may elect to participate in the petroleum operations in any Development area and acquire an interest of up twenty per cent (20%) (hereinafter referred to as "Participating Interest") of the total interest in that development area. The Government may participate either directly or through an appointee
GOVERNMENT PARTICIPATION. If GNPC elects to acquire an Additional Paying Interest (as defined in the Contract) pursuant to Article 2.6 of the Contract, the Parties (other than EO) shall contribute, in proportion to their respective Participating Interests, to the additional interest to be acquired by GNPC and shall execute such documents as may be necessary to effect such transfer of interests. All payments received for the acquisition of such interests shall be credited to the Parties (other than HO or GNPC in the event that GNPC is or becomes a party to this Agreement) in proportion to their Participating Interests.
GOVERNMENT PARTICIPATION. Draft Production Sharing Contract Blocks L1B Ministry of Energy Page 39
GOVERNMENT PARTICIPATION. If Government Oil & Gas Company, elects to participate in the rights and obligations of Parties pursuant to Article 15 of the Contract, the Parties shall contribute, in proportion to their respective Participating Interests, to the interest to be acquired by Government Oil & Gas Company. The effective date of the Government’s participation shall be the date of the adoption of the development plan under Article 7 of the Contract. The Parties shall execute such documents as may be necessary to effect such transfer of interests and the joinder of Government Oil & Gas Company as a Party to this Agreement. All payments received for or related to the transfer of such interests and the joinder of the Government shall be credited to the Parties in proportion to their Participating Interests.
GOVERNMENT PARTICIPATION. (a) If Government Oil & Gas Company elects to participate in the rights and obligations of Parties under Article 15 of the PSC, the Parties shall contribute, in proportion to their respective Participating Interests, to the interest to be acquired by Government Oil & Gas Company.
GOVERNMENT PARTICIPATION. 11.1 The Government has the option to acquire a maximum interest of 10% in the rights and obligations of the Contractor regarding a commercial discovery.
GOVERNMENT PARTICIPATION. If you are a government (including any specific agency or other entity of a government), you agree that any technology or services provided in any particular program are for your sole use and benefit of the government and are not provided to or for any individual government employee. As there may be legal restrictions on your ability to provide or participate in publicity activities or related program requirements, we agree to negotiate in good faith an amendment to conform specific program requirements related to publicity to your legal requirements.
GOVERNMENT PARTICIPATION. (1) The Government will have a ten percent (10%) carried participating interest upto declaration of commerciality and thereafter may elect to acquire an additional ten percent (10%) interest in the PSC thus bringing total government participation to twenty percent (20%). The Government may participate either directly or through an appointee
GOVERNMENT PARTICIPATION. (1) The Government’s Participation Interest during the exploration phase will be percent (%) and will be carried and paid for in full by the Parties comprising the Contractor in proportion to their respective Participation Interests until such time as the Government elects to convert its carried Participation Interest into a full working Participation Interest in accordance with this Contract. From that point on, the Government shall be responsible for all its costs in respect of the area covered by the approved Development and Production Plan. For the avoidance of doubt, the Government’s Participation Interest in respect of the remainder of the Contract Area shall continue to be carried and paid for by the Parties comprising the Contractor in proportion to their respective Participation Interests until such time as the Government elects to convert its carried interest into a full working interest.
GOVERNMENT PARTICIPATION. 12.1 The Government shall have the option to acquire a maximum participation of fifteen (15)% of the rights and obligations of the Contractor relating to a discovery when the combined daily production of all the discoveries of the Contract Area reach for the first time a level of 50,000 barrels during at least six (6) consecutive months.
