Production of Test. 12.7 The results, data and the interpretations of tests of training or production during the execution of operations of this Contract shall be informed to ANP immediately after its conclusion.
Production of Test. 38 Losses of Petroleum and Natural Gas and burning of the Natural Gas 39 18 Eighteenth Clause - Individualization of Production 39 Procedure 39 CAPÍTULO V - IMPLEMENTATION OF THE OPERATIONS 40 19 Nineteenth Clause - Implementation by the Consortium Members 40 Diligence in Conducting the Operations 40 Licenses, Permits and Permissions 40 Free Access to the Contract Area 40 Drilling and Abandonment of Xxxxx 40 Programs for Additional Work 41 Acquisition of Data out of the Contract Area 41 20 Twentieth Clause - Control of Operations and Assistance by ANP and the Contractor 41 Follow Up and Monitoring by ANP 41 Follow up by the Contractor 42 Access and Control 42 Assistance to the Contracted Party 42 Exemption of Liability of the Contractor and ANP 42 21 Twenty-First Clause - Annual Work and Budget Schedule 42 Correspondence Between the Content and Other Plans and Schedules 42 Deadlines 42 Revisions and Amendments 43 22 Twenty-Second Clause - Data and Information 43 Supply by the Contracted Party 43 Abroad Processing or Analysis 43 23 Twenty Third Clause - Goods 44 Goods, Equipment, Facilities and Materials 44 Facilities or Equipment out of the Contract Area 44 Return of Areas and Reversion of Property 45 Guarantees of Decommissioning and Abandonment 45 Goods to be Reverted 45 Removal of Goods Not Reverted 46 24 Twenty Fourth Clause - Staff, Services and Subcontracts 46 Staff 46 Services 47 25 Twenty-First Clause - Local Content 47 Commitment of the Contracted Party to the Local Content 47 Benchmarking of Local Content 48
Production of Test. The results, raw data and the interpretations of formation or long duration tests during the execution of the Operations of this Contract should be informed to ANP immediately after their completion. The information should also include the volumes of Oil, Natural Gas and water produced. In the case of tests of long duration, the information should be sent to ANP in accordance with the frequency established in the approved Discovery Assessment Plans. The productions and movements from tests of long duration should be reported via the Monthly Production Bulletin. The volume of Oil and Natural Gas obtained during these tests will be fully considered as Profit Oil. The Cost Oil concerning the Long-Term Test will be recovered in the Production Phase. The Contracted Party will not be exempt from any of the Royalties payments due to the Production enjoyed during the test period. The ownership, by the Contracted Party, of the production volume corresponding to owed and paid Royalties, in the case of Long Duration Tests, will take place, if it is the case, at the Production Stage. Losses of Petroleum and Natural Gas and burning of the Natural Gas Any loss of Oil or Natural Gas that have occurred under the responsibility of the Contracted Party, as well as the burning of the Natural Gas, shall be deducted from the share of the Profit Oil granted to the Contracted Party after the Sharing of Production.
Production of Test. The results, data and the interpretations of tests of training or production during the execution of operations of this Contract shall be informed to ANP immediately after its conclusion. The information shall also include the volumes of Oil, Natural Gas and water produced. In the case of tests of long duration, the data, information and results shall be sent to ANP in accordance with the frequency established in the approved Discovery Assessment Plans. The productions and movements from tests of long duration shall be reported via the Monthly Production Bulletin. The volumes of Oil and/or Natural Gas obtained during the long duration tests shall be given to the Concessionaire in the form of paragraph 12.4 12.3 and calculated for the purposes of calculating the due Governmental and Third Parties Shares, provided for in clause twenty-three. Natural Gas
Production of Test. 36 Natural Gas 36 Losses 36 13 CLAUSE THIRTEEN - INDIVIDUALIZATION OF PRODUCTION 37 Contract of Individualization of Production 37 CHAPTER IV - EXECUTION OF OPERATIONS 38 14 CLAUSE FOURTEEN- EXECUTION BY THE CONCESSIONAIRE 38 Exclusivity of the Concessionaire 38 Designation of the Operator by the Concessionaire 38 Diligence in Conducting the Operations 39 Licenses, Permits and Permissions 40 Free Access to the Concession Area 40 Drilling and Abandonment of Xxxxx 40 Programs for Additional Work 41 Acquisition of Data Outside the Concession Area 41 15 CLAUSE FIFTEEN – CONTROL OF OPERATIONS AND ASSISTANCE BY ANP 41 Follow Up and Monitoring by ANP 41 Access and Control 41 Assistance to the Concessionaire 42 Exemption of Liability by ANP 42 16 CLAUSE SIXTEEN - ANNUAL WORK AND BUDGET SCHEDULE 42 Correspondence between the Content and Other Plans and Schedules 42 Deadlines 42 Revisions and Amendments 43
