Common use of UNIFICATION Clause in Contracts

UNIFICATION. When an economically viable oil field extends continuously to one or more areas outside the Contract area, THE CONTRACTOR, in agreement with XXX and the remaining interested parties, will implement, subject to prior approval by the competent authority, a cooperative unified exploitation plan, subject to the provisions of Colombian law.

Appears in 3 contracts

Samples: www.resourcecontracts.org:443, GeoPark LTD, GeoPark Holdings LTD

AutoNDA by SimpleDocs

UNIFICATION. When Whenever an economically viable oil field exploitable oilfield extends continuously continually to one other area or more areas outside the Contract area, THE Contracted Area: The CONTRACTOR, in upon agreement with the XXX and the remaining other interested parties, will implementshall put into effect, subject to prior upon approval by the competent authority, a cooperative unified co-operative exploitation plan, subject to the provisions of which shall be established as set forth in Colombian lawlegislation.

Appears in 1 contract

Samples: Hydroarbon Exploration and Production Contract (Harken Energy Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.