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Common use of Phase III Clause in Contracts

Phase III. If the Contractor elects to enter Phase III of the Exploration Period, then during such Phase III the Contractor shall drill one (1) well.

Appears in 4 contracts

Sources: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract (Kosmos Energy Ltd.)

Related Clauses

  • Phase II
  • Phase 2
  • Phase I
  • PHASE
  • Development Phase

Parent Clauses

  • Primary Function of the Program Manager
  • ENTIRE CONTRACT
  • Basic Information and Definitions
  • Redeployment of Forces
  • The Project

Sub-Clauses

  • ▇▇▇▇ Responsibilities During Phase
  • Phase III Closing
  • Time Limit for the Phase III Closing and Automatic Termination
  • Requirement of CDA’s Approval
  • CDA Lease Revenue Bonds-Phase III
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