Common use of Hydrocarbons Extracted During Tests Clause in Contracts

Hydrocarbons Extracted During Tests. The Contractor may market the Hydrocarbons obtained during any test performed to determine the features of a reservoir and the production flow rates without prejudice of the Compensations related to such Hydrocarbons in accordance with the provisions of the Annex 3.

Appears in 3 contracts

Samples: License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater)

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Hydrocarbons Extracted During Tests. The Contractor may market the Hydrocarbons obtained during any test performed to determine the features characteristics of a reservoir and the production flow rates without prejudice of the Compensations related to such Hydrocarbons in accordance with rates, notwithstanding the provisions in Annex 3 regarding the payment of the Annex 3Considerations for such Hydrocarbons.

Appears in 2 contracts

Samples: License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater)

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Hydrocarbons Extracted During Tests. The Contractor may market the Hydrocarbons obtained during from performance of any test performed to determine the features characteristics of a reservoir and the production flow rates without prejudice of the Compensations related to such Hydrocarbons provisions in accordance with the provisions of the Annex 3.

Appears in 1 contract

Samples: License Contract for the Extraction of Hydrocarbons

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