Common use of Partial Assignment of an Area during the Exploration Phase Clause in Contracts

Partial Assignment of an Area during the Exploration Phase. If ANP authorizes Assignment resulting in division of the Concession Area, each of the area to be assigned and the remaining area shall be delimited by a single polygonal line determined according to criteria established by ANP. The resulting areas shall be independent for all purposes, including for calculation of the Government and Third-Party Shares. ANP may define an additional Minimum Exploration Program for the areas to be divided. Each of the areas divided shall have an associated Minimum Exploration Program, the total number of activities of which shall exceed the number set forth in the original program.