Common use of New Production Sharing Agreement Clause in Contracts

New Production Sharing Agreement. In the event of division of the Contract Area for any reason, a new Production Sharing Agreement shall be executed for each area resulting from the division, keeping the same terms, obligations, programs, and deadlines of the original Agreement.

Appears in 8 contracts

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

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New Production Sharing Agreement. In the event of division of the Contract Area for any reason, a new Production Sharing Agreement agreement shall be executed for each area resulting from the division, keeping the same terms, obligations, programs, and deadlines of the original Agreement.

Appears in 7 contracts

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

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New Production Sharing Agreement. In the event of division of the Contract Agreement Area provided for any reason, a new Production Sharing Agreement shall must be executed signed for each area resulting from the division, keeping maintaining the same terms, obligations, programs, programs and deadlines terms of the original Agreement.

Appears in 1 contract

Samples: Production Sharing Agreement

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