Examples of E&P Contract in a sentence
All other terms of the contract are standard to the model E&P Contract.
Under the E&P Contract, the Corporation was required to increase the amount of its Standby Letters of Credit in relation to the Llanos-Block by an additional USD$3,250,000 (the “Additional Guarantee”) by June 2013.
A – Agreement for the Purchase and Sale of Crude Petroleum under the Chaza E&P Contract, Guayuyaco Association Contract and the Sxxxxxx Risk Participation Contract between Ecopetrol S.A. and Gran Tierra Energy Colombia, Ltd., effective December 1, 2012, expiring November 30, 2013.
Agreement for the Purchase and Sale of Crude Petroleum under the Jilguero and Mxxxxx xxxxx located under the Gxxxxxx E&P Contract between Petrobras Colombia Limited and Petrolifera Petroleum (Colombia) Limited, effective July 1, 2013, expiring December 31, 2013.
In May 2011, the Company signed a Hydrocarbon Exploration and Production Contract (E&P Contract) with the Agencia Nacional de Hydrocarburos of Colombia (ANH) for LLA-11 (Llanos Block).
Seller shall have the right to terminate this Agreement upon 5 (five) days’ notice to Buyer (or such shorter period as may be necessary in the circumstances) upon: (i) termination of the Upstream E&P Contract; or (ii) cancellation of any or all of the applicable petroleum mining leases or termination all of the applicable petroleum mining leases.
The exploration term of the VMM-17 E&P Contract was originally divided into two phases (Phase 1 and Phase 2) with a duration of 36 months each.
The VMM-17 E&P Contract is currently in the exploration phase, which has a six-year term beginning at the date of execution.
To Seller’s Knowledge, Seller is in compliance in all material respects with the E&P Contract, and there are no material Claims (including with respect to Environmental Laws) of which Seller has received notice or, threatened or pending against Seller alleging any failure to so comply.
In accordance with the VMM-17 E&P Contract, in its normal course of business, the Company is committed to carry out a minimum amount of exploration and evaluation work on its properties.