Common use of Production Individualization Commitment Clause in Contracts

Production Individualization Commitment. a document that formalizes the allocation of production of a Mine that extends by different Concession Areas, whose rights of Exploration and Production belong to the same Concessionaire.

Appears in 3 contracts

Samples: Concession Contract for Exploration and Production of Oil and Natural Gas, Concession Contract for Exploration and Production of Oil and Natural Gas, Concession Contract for Exploration and Production of Oil and Natural Gas

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Production Individualization Commitment. a document signed after the Declaration of Commerciality that formalizes the allocation of production Production of a Mine that extends by different Concession Areas, whose rights of Exploration and Production belong to the same ConcessionaireConsortium Members.

Appears in 1 contract

Samples: Production Sharing Contract

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Production Individualization Commitment. a document that formalizes executed after the Declaration of Commercial Feasibility evidencing the allocation of production of in a Mine that extends by different Concession shared pool, extending over areas under distinct concession Areas, whose rights of Exploration exploration and Production production belong to the same Concessionairecompany or consortium of identical composition and the same percentage of participation.

Appears in 1 contract

Samples: Concession Contract for Exploration and Production of Oil and Natural Gas

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