Periodic Relinquishment of Exploration Area. (a) The Contractor shall relinquish: (i) at the end of the third (3rd) Contract Year, not less than twenty five (25) percent of the Sub-Blocks in the original Contract Area; and (ii) at the end of the fifth (5th) Contract Year, not less than a further twenty five
Appears in 7 contracts
Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract
