Common use of Notification of Discovery Clause in Contracts

Notification of Discovery. Any Discovery of Oil and/or Gas in the Concession Area must be notified by the Concessionaire to ANP on an exclusive basis within no more than seventy-two (72) hours.

Appears in 10 contracts

Samples: Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas

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Notification of Discovery. Any Discovery of Oil and/or Gas in the Concession Contract Area must be notified by the Concessionaire Consortium Members to ANP on an exclusive basis within no more than seventy-seventy- two (72) hours.

Appears in 8 contracts

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

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Notification of Discovery. Any Discovery of Oil and/or or Natural Gas in the Concession Area must be notified by the Concessionaire to ANP ANP, on an exclusive basis and in writing, within no more than a maximum deadline of seventy-two (72) hours.

Appears in 2 contracts

Samples: Concession Contract for Exploration and Production of Oil and Natural Gas, Concession Contract for Exploration and Production of Oil and Natural Gas

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