Common use of Sole Risk Operator Clause in Contracts

Sole Risk Operator. If the Operator is a Sole Risk Participant, or if the Operator and the Sole Risk Participants so agree, the Operator shall be operator for the sole risk operations. If the Operator is a Non Sole Risk Participant it may only decline to carry out sole risk operations which are new work, such as a new well, but not operations which are a continuation of work started, such as the deepening, side-tracking or testing of a well. If the Operator does not carry out the sole risk operations such work shall, subject to the prior consent of the Danish Energy Agency, be carried out by the Party designated by the Sole Risk Participants.

Sole Risk Operator. If the Operator is a Sole Risk Participant, or if the Operator and the Sole Risk Participants so agree, the Operator shall be operator for the sole risk operations. If the Operator is a Non Non-Sole Risk Participant it may only decline to carry out sole risk operations which are new work, such as a new well, but not operations which are a continuation of work started, such as the deepeningdeep- ening, side-tracking or testing of a well. If the Operator does not carry out the sole risk operations opera- tions such work shall, subject to the prior consent of the Danish Energy Agency, be carried out by the Party designated by the Sole Risk Participants.

Sole Risk Operator. If the Operator is a Sole Risk Participant, or if the Operator and the Sole Risk Participants so agree, the Operator shall be operator for the sole risk operations. If the Operator is a Non Sole Non‑Sole Risk Participant it may only decline to carry out sole risk operations which are new work, such as a new well, but not operations which are a continuation con­tinuation of work started, such as the deepening, side-tracking or testing of a well. If the Operator does not carry out the sole risk operations such work shall, subject to the prior consent of the Danish Energy Agency, be carried out by the Party designated by the Sole Risk Participants.