Common use of Records, Storage, Retrieval and Submission Clause in Contracts

Records, Storage, Retrieval and Submission. (a) The Operator shall keep full, complete and accurate books, accounts and other records of Petroleum Operations and of the sale or other disposition of Petroleum, of the data and information mentioned in sub-Article 13.1 and of all other financial, commercial, legal, operational, technical and other data and information acquired or generated for, or resulting, directly or indirectly, from, Petroleum Operations (including that relating to marketing and otherwise to the sale of Petroleum). (b) The Operator shall make the originals or copies of all such data, information and records available to the Designated Authority (or as it shall direct) at reasonable times at the Operator's offices in Timor-Leste, and shall promptly deliver the same to the Designated Authority (or as it directs) as and when, and in such manner as, the Designated Authority specifies. (c) Without prejudice to paragraph 13.2(b), the Operator shall store all such data and information as the Designated Authority, after consultation with the Contractor, reasonably directs, and otherwise in accordance with Good Oil Field Practice. (d) The Contractor may retain copies of all such data and information and records delivered to the Designated Authority for use in or in relation to Petroleum Operations and its complying with obligations under law, but not otherwise without the consent of the Designated Authority. (e) Except with the consent of the Designated Authority, or as required by law or the rules of a recognised stock exchange, the Contractor may not sell or disclose any such data, information and records without the consent of the Designated Authority or as otherwise provided in this Agreement.

Appears in 5 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

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Records, Storage, Retrieval and Submission. (a) The Operator Contractor shall keep full, complete and accurate books, accounts and other records of Petroleum Operations and of the sale or other disposition of Petroleum, of the data and information mentioned in sub-Article 13.1 and of all other financial, commercial, legal, operational, technical and other data and information acquired or generated for, or resulting, directly or indirectly, from, Petroleum Operations (including that relating to marketing and otherwise to the sale of Petroleum). (b) The Operator Contractor shall make the originals or copies of all such data, information and records available to the Designated Authority (or as it shall direct) at reasonable times at the Operator's offices in Timor-Leste, and shall promptly deliver the same to the Designated Authority (or as it directs) as and when, and in such manner as, the Designated Authority specifies. (c) Without prejudice to paragraph 13.2(b), the Operator Contractor shall store all such data and information as the Designated Authority, after consultation with the Contractor, reasonably directs, and otherwise in accordance with Good Oil Field Practice. (d) The Contractor may retain copies of all such data and information and records delivered to the Designated Authority for use in or in relation to Petroleum Operations and its complying with obligations under law, but not otherwise without the consent of the Designated Authority. (e) Except with the consent of the Designated Authority, or as required by law or the rules of a recognised stock exchange, the Contractor may not sell or disclose any such data, information and records without the consent of the Designated Authority or as otherwise provided in this Agreement.

Appears in 3 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

Records, Storage, Retrieval and Submission. (a) The Operator Each Contractor shall keep full, complete and accurate books, accounts and other records of Petroleum Operations and of the sale or other disposition of Petroleum, of the data and information mentioned in sub-Article 13.1 Section 15.1 and of all other financial, commercial, legal, operational, technical and other data and information acquired or generated for, or resulting, directly or indirectly, from, Petroleum Operations (including that relating to marketing and otherwise to the sale of Petroleum). (b) The Operator Each Contractor shall make the originals or copies of all such data, information and records available to the Designated Authority Ministry (or as it shall direct) at reasonable times at the Operator's ’s offices in Timor-Leste, and shall promptly deliver the same to the Designated Authority Ministry (or as it directs) as and when, and in such manner as, the Designated Authority specifiesMinistry directs. (c) Without prejudice to paragraph 13.2(b15.2(b), the Operator each Contractor shall store all such data and information as the Designated AuthorityMinistry, after consultation with the Contractor, reasonably directs, and otherwise in accordance with Good Oil Field Practice. (d) The Each Contractor may retain copies of all such data and information and records delivered to the Designated Authority Ministry (or as it shall direct) for use in or in relation to Petroleum Operations and its complying in compliance with obligations under law, but not otherwise without the consent of the Designated AuthorityMinistry. (e) Except with the consent of the Designated AuthorityMinistry, or as required by law or the rules of a recognised stock exchange, the a Contractor may not sell or disclose any such data, information and records without the consent of the Designated Authority or as otherwise provided in this Agreementrecords.

Appears in 1 contract

Samples: Production Sharing Contract

Records, Storage, Retrieval and Submission. (a) The Operator Contractor shall keep full, complete and accurate books, accounts and other records of Petroleum Operations and of the sale or other disposition of Petroleum, of the data and information mentioned mentio xxx in sub-Article Section 13.1 and of all other financial, commercial, legal, operational, technical and other data and information acquired or generated for, or resulting, directly or indirectly, from, Petroleum Operations (including that relating to marketing and otherwise to the sale of Petroleum). (b) The Operator Contractor shall make the originals or copies of all such data, information and records available to the Designated Authority (or as it shall direct) at all reasonable times at the Operator's offices in Timor-Leste, and shall promptly deliver the same to the Designated Authority (or as it directs) as and when, and in such manner as, the Designated Authority specifiesdirects. (c) Without prejudice to paragraph 13.2(b), the Operator Contractor shall store all such data and information as the Designated Authority, after consultation with the Contractor, reasonably directs, and otherwise in accordance with Good Oil Field Practice. (d) The Contractor may retain copies of all such data and information and records delivered to the Designated Authority Author ity for use in or in relation to Petroleum Operations and its complying with obligations under law, but not otherwise without the consent of the Designated Authority. (e) Except with the consent of the Designated Authority, or as required by law or the rules of a recognised stock exchange, the The Contractor may not sell or disclose any such data, information and records without the consent of the Designated Authority or as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Production Sharing Contract

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Records, Storage, Retrieval and Submission. (a) The Operator Each Contractor shall keep full, complete and accurate books, accounts and other records of Petroleum Operations and of the sale or other disposition of Petroleum, of the data and information mentioned in sub-Article 13.1 Section 15.1 and of all other financial, commercial, legal, operational, technical and other data and information acquired or generated for, or resulting, directly or indirectly, from, Petroleum Operations (including that relating to marketing and otherwise to the sale of Petroleum). (b) The Operator Each Contractor shall make the originals or copies of all such data, information and records available to the Designated Authority Ministry (or as it shall direct) at reasonable times at the Operator's offices in Timor-Leste, and shall promptly deliver the same to the Designated Authority Ministry (or as it directs) as and when, and in such manner as, the Designated Authority specifiesMinistry directs. (c) Without prejudice to paragraph 13.2(b15.2(b), the Operator each Contractor shall store all such data and information as the Designated AuthorityMinistry, after consultation with the Contractor, reasonably directs, and otherwise in accordance with Good Oil Field Practice. (d) The Each Contractor may retain copies of all such data and information and records delivered to the Designated Authority Ministry (or as it shall direct) for use in or in relation to Petroleum Operations and its complying in compliance with obligations under law, but not otherwise without the consent of the Designated AuthorityMinistry. (e) Except with the consent of the Designated AuthorityMinistry, or as required by law or the rules of a recognised stock exchange, the a Contractor may not sell or disclose any such data, information and records without the consent of the Designated Authority or as otherwise provided in this Agreementrecords.

Appears in 1 contract

Samples: Production Sharing Contract

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