Common use of Other Natural Resources Clause in Contracts

Other Natural Resources. The Concessionaire is prohibited to use, enjoy, or dispose, in any way and at any title, totally or partially, of any other natural resources that may exist in the Concession Area other than Oil and Gas, except when duly authorized by the competent authorities, according to the Applicable Laws and Regulations. Discovery of natural resources other than Oil and Gas by chance shall be notified to ANP within no more than seventy-two (72) hours. The Concessionaire shall follow the instructions and allow implementation of the relevant measures determined by ANP or other competent authorities. Until such instructions are submitted to the Concessionaire, it shall refrain from taking any measures that may pose a risk or somehow damage the natural resources discovered. The Concessionaire shall not be required to suspend its activities, except when they pose a risk to the natural resources discovered or the Operations. Any interruption of the Operations, exclusively due to the discovery of other natural resources by chance, shall have its duration calculated and acknowledged by ANP for purposes of extension of this Agreement.

Appears in 9 contracts

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

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Other Natural Resources. The Concessionaire is prohibited to use, enjoy, or dispose, in any way and at any title, totally or partially, of any other natural resources that may exist in the Concession Area other than Oil and Gas, except when duly authorized by the competent authorities, according to the Applicable Laws and RegulationsLaws. Discovery of natural resources other than Oil and Gas by chance shall be notified to ANP within no more than seventy-two (72) hours. The Concessionaire shall follow the instructions and allow implementation of the relevant measures determined by ANP or other competent authorities. Until such instructions are submitted to the Concessionaire, it shall refrain from taking any measures that may pose a risk or somehow damage the natural resources discovered. The Concessionaire shall not be required to suspend its activities, except when they pose a risk to the natural resources discovered or the Operations. Any interruption of the Operations, exclusively due to the discovery of other natural resources by chance, shall have its duration calculated and acknowledged by ANP for purposes of extension of this Agreement.

Appears in 2 contracts

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

Other Natural Resources. The Concessionaire is prohibited to use, enjoy, or dispose, in any way and at any title, totally total or partially, of any other natural resources that may exist in the Concession Area other than Oil and Gas, except when duly authorized by the competent authorities, according to the Applicable Laws and Regulations. Discovery of natural resources other than Oil and Gas by chance shall be notified to ANP within no more than seventy-two (72) hours. The Concessionaire shall follow the instructions and allow implementation of the relevant measures determined by ANP or other competent authorities. Until While such instructions are not submitted to the Concessionaire, it shall refrain from taking any measures that may pose a risk or somehow damage harm the natural resources discovered. The Concessionaire shall not be required to suspend its activities, except when they pose a risk to jeopardize the natural resources discovered or the Operations. Any interruption of the Operations, exclusively due to the discovery of other natural resources by chance, shall have its duration calculated and acknowledged by ANP for purposes of extension of this Agreement.

Appears in 1 contract

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

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Other Natural Resources. The Concessionaire is prohibited to usefrom using, enjoyenjoying, or disposedisposing, in any way and at any title, totally or partially, of any other natural resources that may exist in the Concession Area other than Oil and Gas, except when duly authorized by the competent authorities, according to the Applicable Laws and Regulations. Discovery of natural resources other than Oil and Gas by chance shall be notified to ANP within no more than seventy-two (72) hours. The Concessionaire shall follow the instructions and allow implementation of the relevant measures determined by ANP or other competent authorities. Until such instructions are submitted to the Concessionaire, it shall refrain from taking any measures that may pose a risk or somehow damage the natural resources discovered. The Concessionaire shall not be required to suspend its activities, except when they pose a risk to the natural resources discovered or the Operations. Any interruption of the Operations, exclusively due to the discovery of any other natural resources by chance, shall have its duration calculated and acknowledged by ANP for purposes of extension of this Agreement.

Appears in 1 contract

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

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