Common use of Petroleum Exploration License and Lease Clause in Contracts

Petroleum Exploration License and Lease. 11.1.1 The Contractor shall submit an application for grant of License in respect of the Contract Area, as early as possible, but not later than fifteen (15) Business Days from the date of execution of this Contract. 11.1.2 The License shall stand extended till the grant of Lease, the application for which shall be made by the Contractor under Article 11.

Appears in 4 contracts

Samples: Revenue Sharing Contract, Revenue Sharing Contract, Revenue Sharing Contract

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Petroleum Exploration License and Lease. 11.1.1 The Contractor shall submit an application for grant of License in respect of the Contract Area, as early as possible, but not later than fifteen thirty (1530) Business Calendar Days from the date of execution of this Contract. 11.1.2 The License shall stand extended till the grant of Lease, the application for which shall be made by the Contractor under Article 11.

Appears in 1 contract

Samples: Revenue Sharing Contract

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