Common use of New Individualization of Production Clause in Contracts

New Individualization of Production. The procedure of Individualization of Production of Oil and Gas shall be started under the Applicable Laws and Regulations if it is identified that the Deposit extends beyond the Contract Area.

Appears in 8 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

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New Individualization of Production. The procedure of Individualization of Production of Oil and Gas shall be started under the Applicable Laws and Regulations if it is identified that the Deposit extends beyond the Contract Area. The Agreement and the Commitment for Individualization of Production shall be prepared under the Applicable Laws and Regulations.

Appears in 3 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

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