Gas Retention Area definition

Gas Retention Area has the meaning given in sub-Article 3.5;

Gas Retention Area means an area declared as such, in accordance with Article 3.3;

Gas Retention Area has the meaning given in sub-Article 3.5; “ICC” means the International Chamber of Commerce;

Examples of Gas Retention Area in a sentence

• On request of the Contractor, and after demonstration that the grant of an extended period is likely to result in the declaration of a Commercial Discovery, the Designated Authority may extend the period of the Gas Retention Area for such longer period, and on such conditions, as is considered appropriate by the Designated Authority.

• In each Contract Year mentioned below, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 4 Preparation of well prognosis.

More Definitions of Gas Retention Area

Gas Retention Area means an area declared as such, in accordance with Article 28 of the Decree- Law;

Gas Retention Area means an area declared as such, in accordance with Article 3.5; "Ineligible Costs" has the meaning given to it in Clause 2.8 of Annex C;