Common use of UNIFICATION Clause in Contracts

UNIFICATION. When an economically exploitable reservoir extends continuously into another area or areas located outside the Contract Area, the Operator, ECOPETROL and other interested parties should agree on a unified development program. Such program should respect engineering techniques for Hydrocarbon production and be approved by the Ministry of Mines and Energy. CLAUSE 17 - INFORMATION SUPPLY AND INSPECTION DURING EXPLOITATION

UNIFICATION. When an economically exploitable reservoir extends continuously into another area or areas located outside the Contract Area, the Operator, ECOPETROL and other interested parties should agree on a unified development program. Such program should respect engineering techniques for Hydrocarbon production and be approved by the Ministry of Mines and Energy. CLAUSE 17 - INFORMATION SUPPLY AND INSPECTION DURING EXPLOITATION.