Non-Associated Natural Gas Sample Clauses

Non-Associated Natural Gas. 21.1.1. In the event of a discovery of Non-associated Natural Gas, the Contractor shall enter into discussions with the Government in order to determine whether the appraisal and production of said discovery is potentially commercial. 21.1.2. If the Contractor, after the above-mentioned discussions, believes that the appraisal of the Non-Associated Natural Gas discovery is justified, it shall undertake the appraisal work program for said discovery, in accordance with the provisions of article 11. The Contractor shall be entitled, in order to evaluate the commerciability of the Non-Associated Natural Gas discovery, if it so requests at least thirty (30) days before expiration of the third exploration period indicated in article 3.3, to be granted an exclusive appraisal permit in relation to the Appraisal Perimeter of the above-mentioned discovery, for a duration of four (4) years. Furthermore, the Contractor shall evaluate the possible outlets for the Non-Associated Natural Gas from the discovery in question, both on the local market and for export, as well as the means necessary for sale, and the Parties shall consider the possibility of jointly selling their shares of production in the event that the discovery of Non-Associated Natural Gas is not otherwise commercially producible. For this purpose, a Natural Gas advisory committee shall be established by the Parties to ensure, if appropriate, that it is coordinated and implemented. 21.1.3. After the appraisal work provided for in article 21.1.2, in the event that the Contractor decides to develop and produce this Non-Associated Natural Gas, the Contractor before the end of the appraisal period, shall submit an exclusive production permit application that the Government shall grant under the conditions set forth in article 12.1. The Contractor shall then have the right and obligation to proceed with development and production of this Non-Associated Natural Gas in accordance with the approved development plan as set forth in article 11.3, and the provisions of this Agreement applicable to Crude Oil shall apply mutatis mutandis to the Non-Associated Natural Gas, subject to the special provisions set forth in article 21.1. 21.1.4. If the Contractor believes that the appraisal of the Non-Associated Natural Gas discovery in question is not justified, the Contractor shall abandon its rights to the area surrounding said discovery, upon expiration of the exclusive exploration permit.
AutoNDA by SimpleDocs
Non-Associated Natural Gas. Gas occurring in a reservoir where, under initial conditions, Liquid Hydrocarbons are not present.
Non-Associated Natural Gas. In the case where a discovery referred to in Article 9.1 here above concerns a deposit of Non-Associated Natural Gas which the Contractor has undertaken to appraise pursuant to Article 9.2 here above, the Minister and the Contractor shall jointly carry out, in parallel with the appraisal works of the discovery in question, a market study intended to evaluate the possible market outlets for such Natural Gas, both on the local and the export markets, as well as the means necessary for its marketing, and shall consider the possibility of a joint marketing of their shares of production. The study shall in particular determine the quantities for which sale on the local market can be assured as a fuel or as a raw material, the facilities and arrangements necessary for the sale of such Natural Gas to the utilizing enterprises or to the entity of the State in charge of its distribution, as well as the discounted price which shall be determined pursuant to the
Non-Associated Natural Gas. It means the Natural Gas that is found in Deposits that does not contain Oil at the original pressure and temperature conditions.
Non-Associated Natural Gas. (a) Subject to Articles 11.1, 15.3 and 15.4, the exclusive right to develop all Non-Associated Natural Gas in the Contract Area is reserved to SOCAR until such time that SOCAR decides to develop Non-Associated Natural Gas reserves in the Contract Area. At such time as SOCAR decides to develop Non-Associated Natural Gas reserves in the Contract Area, until the expiry of the applicable time period specified in (d) below Contractor shall have the exclusive right to negotiate with SOCAR one or more additional agreements ("Supplemental Agreements") which shall cover commercial terms and marketing of Non- Associated Natural Gas and the exclusive right to negotiate one or more gas sales agreements ("Sales Agreements") to be entered into by Contractor and SOCAR with each other and/or with Third Parties. The Supplemental Agreements shall include grants of the exclusive rights for Contractor to develop the relevant reserves of Non-Associated Natural Gas. With respect to all other issues pertaining to Non- Associated Natural Gas, relations between the Parties shall be governed by the provisions of this Contract. If the Parties reach agreement regarding development of Non-Associated Natural Gas, such development shall be conducted pursuant to this Contract and such Supplemental Agreements. SOCAR and Contractor will cooperate to diligently take all necessary steps promptly upon execution of each Supplemental Agreement to ensure that each such Supplemental Agreement will have the same full force and effect of law as this Contract. (b) One Supplemental Agreement shall cover all Non-Associated Natural Gas above the base of the Pliocene, and a separate Supplemental Agreement shall cover each reservoir established by a Discovery of Non- Associated Natural Gas below the base of the Pliocene, unless the Parties mutually agree otherwise. Contractor shall have the right to develop all such Non-Associated Natural Gas in every horizon above the base of the Pliocene in the order and manner Contractor determines in accordance with good international Petroleum industry practice. Contractor shall have no obligation at anytime to develop any Non- Associated Natural Gas deposits it has determined are not commercially, technically and economically viable. Petroleum Operations proposed to be carried out by Contractor with respect to the development of Non-Associated Natural Gas shall be approved in Annual Work Programmes and Budgets. (c) Each time SOCAR has informed Contractor as provide...
Non-Associated Natural Gas. In the case where a discovery referred to in Article 9.1 here above concerns a deposit of Non-Associated Natural Gas which the Contractor has undertaken to appraise pursuant to Article 9.2
Non-Associated Natural Gas. Until an approved Natural Gas sales contract is executed in respect of all volumes of Natural Gas expected to be produced, the CONTRACTOR shall be entitled during the Exploration Period and the Development Period to carry out Gas Marketing Operations.
AutoNDA by SimpleDocs
Non-Associated Natural Gas a) When any Non-associated Natural Gas is discovered within the Contract Area, Georgian Oil and Contractor shall implement a program regarding the Appraisal and possible development and marketing of the Non-associated Natural Gas in the domestic and international markets. This program shall include the following principles:
Non-Associated Natural Gas. 13.1.1 In the event of a Non-Associated Natural Gas Discovery, the Contractor will comply with the provisions of Article 5.
Non-Associated Natural Gas. 13.1.1 In the event of a Non-Associated Natural Gas Discovery, the Contractor will comply with the provisions of Article 5.2. However, if the Evaluation work program presented by the Contractor following the Discovery of Non-Associated Natural Gas has a duration exceeding that of the Initial Exploration Period or any of its extensions, the Contractor may request from the Ministry an extension of the relevant Exploration Period with respect to the Evaluation Area related to such Discovery for a period of up to four (4) Years starting from the expiration of the Initial Exploration Period or any of its Extension Periods, as appropriate. The Contractor will request the aforementioned extension at least sixty (60) days before the expiration of the period in question. 13.1.2 If the Contractor considers that the Non-Associated Natural Gas Discovery does not warrant Evaluation or further Evaluation, in conformity with the provisions of Article 5.12, the Ministry may, with ninety (90) days’ advance notice, require the Contractor to waive all of its rights over the Evaluation Area where the Discovery is located. 13.1.3 If after finishing the Evaluation work the Contractor does not notify the Ministry within thirty
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!