Common use of Hydrocarbons Extracted During Tests Clause in Contracts

Hydrocarbons Extracted During Tests. Hydrocarbons obtained from performance of any test to determine the characteristics of a reservoir and its production flows shall be delivered to the Marketer at the location established in the Work Program approved by CNH for the Appraisal activities. The Fund shall receive from the Marketer the revenues resulting from marketing and will transfer to the Contractor the corresponding amounts in accordance with the mechanisms indicated in Annex 3.

Hydrocarbons Extracted During Tests. Hydrocarbons obtained from performance of any test to determine the characteristics of a reservoir and its production flows shall be delivered to the Marketer at the location established in the Work Program approved by CNH for the Appraisal activities. The Fund shall receive from the Marketer activities and the revenues resulting from their marketing and will transfer be distributed pursuant to the Contractor the corresponding amounts in accordance with the mechanisms indicated established in Annex 3.

Hydrocarbons Extracted During Tests. Hydrocarbons obtained from performance of any test made to determine the characteristics of a reservoir and its production flows shall be delivered to the Marketer at the location established in the Work Program approved by CNH for the Appraisal activities. The Fund shall will receive from the Marketer the revenues resulting from marketing and will transfer to the Contractor the corresponding amounts in accordance with the mechanisms indicated in Annex 3.Contract No. CNH-R01-L01-A2/2015