Timeliness and Content Sample Clauses

Timeliness and Content. Within three (3) Months following the filing of the Declaration of Commerciality referred to in Clause 12, the Contractor must deliver to the XXX the Initial Development Plan, which must 16.1.1 Map with the coordinates of the Allocated Producing Area, outlined in detail. 16.1.2 Calculation of Reserves and Cumulative Production of Hydrocarbons, differentiated by Type of Reservoir and Hydrocarbon. 16.1.3 Projected general outline for Field Development, including a description of the Development Well Drilling Program; extraction methods; projected facilities, and processes to which the extracted fluids will be subjected, before the Point of Delivery. 16.1.4 Forecast of Annual Production of Hydrocarbons and their sensitivities, through the use of the optimum rate of Production, which enables the achievement of the maximum economic recovery of reserves. 16.1.5 Identification of critical factors for the implementation of the Development Plan, such as environmental, social, economic and logistic aspects, as well as the options for their management.
Sample 1
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Related to Timeliness and Content

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