Common use of UNITISATION Clause in Contracts

UNITISATION. (1) Where the recoverable reserves of a Commercial Discovery extend into an area adjacent to the Contract Area, the Minister may require the Contractor to produce Petroleum therefore in co-operation with the Contractor of the adjacent area. Where non- commercial deposits of Petroleum in the Contract Area if exploited with deposits in an area adjacent to the Contract Area, would be commercial, the Minister may make a similar requirement to the contractor of that adjacent area.

UNITISATION. (1) Where the recoverable reserves of a Commercial Discovery extend into an area adjacent to the Contract Area, the Minister may require the Contractor to produce Petroleum therefore in co-operation with the Contractor of the adjacent area. Where non- non-commercial deposits of Petroleum in the Contract Area if exploited with deposits in an area adjacent to the Contract Area, would be commercial, the Minister may make a similar requirement to the contractor of that adjacent area.

UNITISATION. (1) Where the recoverable reserves of a Commercial Discovery commercial discovery extend into an area adjacent to the Contract Areacontract area, the Minister may require the Contractor contractor to produce Petroleum petroleum therefore in co-operation with the Contractor contractor of the adjacent area. Where non- non-commercial deposits of Petroleum petroleum in the Contract Area contract area if exploited with deposits in an area adjacent to the Contract Areacontract area, would be commercial, the Minister may make a similar requirement to the contractor of that adjacent area.