Production Individualization Sample Clauses

Production Individualization procedure that aims to the division of the Production result and the rational use of the natural resources of the Federal Government, by means of unification of the Development and Production Stage of the ore body that extends beyond the Concession Area;
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Production Individualization. The Procedure for the Individualization of Oil and Natural Gas Production must be established, under the terms of the Applicable Legislation, if it is identified that a Deposit extends beyond the Area of the Agreement. The Manager will be a signatory to the Production Individualization Agreement as a Consenting Intervening Party, except in the case of art. 4 of Law No. 12.304 / 2010. Clause Nineteen - Discovery, Evaluation and Development of New Reservoir in the Production Phase Any Discovery of a New Oil or Natural Gas Reservoir must be notified by the Consortium Members to ANP, on an exclusive basis, within a maximum period of 72 (seventy-two) hours. The notification shall be accompanied by all relevant data and information available. The Consortium Members may, at their discretion, carry out the Assessment of the Discovery of a New Reservoir at any time during the Production Phase. If the Consortium members decide to carry out the Assessment of the Discovery of a New Reservoir, they must present the Assessment activities in the Annual Work and Budget Program of the Production Phase, following the procedures of Clause Sixteen. If the Contractors decide to proceed with the Development of a New Reservoir, they must notify ANP and, within 180 (one hundred and eighty) days after the communication, submit to ANP a Development Plan, in accordance with the Applicable Legislation. The Development or Production of a New Reservoir will only be authorized after approval by ANP, under the terms of the Applicable Legislation.
Sample 1Sample 2
Production Individualization. 18.1. The Procedure for the Individualization of Oil and Natural Gas Production must be established, under the terms of the Applicable Legislation, if it is identified that a Deposit extends beyond the Area of the Agreement.
Sample 1
Production Individualization procedure that aims to the division of the Production result and the rational use of the natural resources of the Federal Government, by means of unification of the Development and Production Stage of the ore body that extends beyond the Concession Area; Applicable Law: the set of all laws, decrees, regulations, resolutions, ordinances, normative instructions or any other normative acts that impose or which will focus on the Parties, or on the activities of Exploration, Assessment, Development and Production Stage of Oil and Natural Gas, as well as on the decommissioning of the facilities.
Sample 1

Related to Production Individualization

  • Project Management Plan 6.4.1 Developer is responsible for all quality assurance and quality control activities necessary to manage the Work. Developer shall undertake all aspects of quality assurance and quality control for the Project and Work in accordance with the approved Project Management Plan and Good Industry Practice.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Contractor Key Personnel ‌ The Contractor shall assign a Corporate OASIS Program Manager (COPM) and Corporate OASIS Contract Manager (COCM) as Contractor Key Personnel to represent the Contractor as primary points-of-contact to resolve issues, perform administrative duties, and other functions that may arise relating to OASIS and task orders solicited and awarded under XXXXX. Additional Key Personnel requirements may be designated by the OCO at the task order level. There is no minimum qualification requirements established for Contractor Key Personnel. Additionally, Contractor Key Personnel do not have to be full-time positions; however, the Contractor Key Personnel are expected to be fully proficient in the performance of their duties. The Contractor shall ensure that the OASIS CO has current point-of-contact information for both the COPM and COCM. In the event of a change to Contractor Key Personnel, the Contractor shall notify the OASIS CO and provide all Point of Contact information for the new Key Personnel within 5 calendar days of the change. All costs associated with Contractor Key Personnel duties shall be handled in accordance with the Contractor’s standard accounting practices; however, no costs for Contractor Key Personnel may be billed to the OASIS Program Office. Failure of Contractor Key Personnel to effectively and efficiently perform their duties will be construed as conduct detrimental to contract performance and may result in activation of Dormant Status and/or Off-Ramping (See Sections H.16. and H.17.).

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