Common use of Right of the Ministry Clause in Contracts

Right of the Ministry. On receiving the Ministry’s notice referred to in Article 24.1.1 or by dismantling any Field, the Ministry will have the right to take control of any Discovery or Field whose dismantling the Contractor proposes. If the Ministry does not communicate its desire to take over the oil operations within three (3) months of receiving the relevant notice, the Ministry will be considered to have chosen not to assume the operations.

Appears in 3 contracts

Samples: Kosmos Energy Ltd., eiti-ge.org, egronda.com

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Right of the Ministry. On receiving the Ministry’s notice referred to in Article 24.1.1 or by dismantling any Field, the Ministry will have the right to take control of any Discovery or Field whose dismantling the Contractor proposes. If the Ministry does not communicate its desire to take over the oil operations Petroleum Operations within three (3) months of receiving the relevant notice, the Ministry will be considered to have chosen not to assume the operationsPetroleum Operations.

Appears in 1 contract

Samples: Guarantee Agreement (Kosmos Energy Ltd.)

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