Common use of Petroleum Lease Clause in Contracts

Petroleum Lease. (a) The application for the Lease along with application fee, in respect of the approved Development Area in respect of Offshore Blocks shall be submitted to the Government within thirty (30) days from the approval of Development Area pursuant to Article 10. (b) The application for the Lease along with application fee, in respect of the approved Development Area located in onshore area shall be submitted to the relevant State Government within thirty (30) days from the approval of Development Area pursuant to Article 10.

Appears in 5 contracts

Samples: Revenue Sharing Contract, Model Revenue Sharing Contract (Mrsc), Model Revenue Sharing Contract (Mrsc)

AutoNDA by SimpleDocs

Petroleum Lease. (a) 11.2.1 The application for the Lease along with application fee, in respect of the approved Development Area in respect of Offshore Blocks shall be submitted to the Government within thirty (30) days from the approval of Development Area pursuant to Article 10. (b) The application for the Lease along with application fee, in respect of the approved Development Area located in onshore area Block shall be submitted to the relevant State Government within thirty (30) days from the approval of Development Area pursuant to Article 10.

Appears in 1 contract

Samples: Model Revenue Sharing Contract (Mrsc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!