Relinquishment of Areas. In case of use of pre-existing xxxxx or infrastructure, the Contracted Parties shall undertake, with respect to them, the responsibilities provided for in the Agreement and in the Applicable Laws and Regulations. In case of a Field, the plan for decommissioning and abandonment and the mechanisms to make the necessary funds available shall be provided for in the respective Development Plan and revised from time to time throughout the Production Phase through the Annual Budget and Work Programs. The cost of decommissioning and abandonment of the Operations shall be established in order to cover the activities of permanent abandonment of xxxxx, decommissioning and removal of lines and facilities, and rehabilitation of areas, under the Applicable Laws and Regulations.
Appears in 6 contracts
Samples: Transfer of Rights Surplus Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Relinquishment of Areas. In case of use of pre-existing xxxxx or infrastructure, the Contracted Parties Contractors shall undertake, with respect to them, the responsibilities provided for in the Agreement and in the Applicable Laws and Regulations. In case of a Field, the plan for decommissioning and abandonment and the mechanisms to make the necessary funds available shall be provided for in the respective Development Plan and revised reviewed from time to time throughout the Production Phase through the Annual Work and Budget and Work Programs. The cost of decommissioning and abandonment of the Operations shall be established in order to cover the activities of permanent abandonment of xxxxx, decommissioning and removal of lines and facilities, and rehabilitation of areas, under pursuant to the Applicable Laws and Regulations.
Appears in 5 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Relinquishment of Areas. In case of use of pre-existing xxxxx or infrastructure, the Contracted Parties Contractors shall undertake, with respect to them, the responsibilities provided for in the Agreement and in the Applicable Laws and Regulations. In case of a Field, the plan for decommissioning and abandonment and the mechanisms to make the necessary funds available shall be provided for in the respective Development Plan and revised reviewed from time to time throughout the Production Phase through the Annual Work and Budget and Work Programs. The cost of decommissioning and abandonment of the Operations shall be established in order to cover the activities of permanent definitive abandonment of xxxxx, decommissioning and removal of lines and facilities, and rehabilitation of areas, under pursuant to the Applicable Laws and Regulations.
Appears in 4 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
