Original Contract Area definition
Examples of Original Contract Area in a sentence
Contract Years 1, 2 and 3: * Work Units plus 3 Work Units per Grid Area in the Original Contract Area, for each of Contract Years 1, 2 and 3.
Each group shall be a contiguous area of a compact nature whereby all Sections shall be connected and have in common at least on one of their sides of thirty (30) seconds longitude or latitude, subject to the configuration of the Original Contract Area, and the longest east/west and north/south dimensions of a relinquished area are such as to establish a viable possible future Contract Area.
Contract Years 1 and 2: * Work Units plus 3 Work Units per Grid Area in the Original Contract Area, for each of Contract Years 1 and 2.
The Contractor shall submit an application for grant of permission /License for carrying out Petroleum Operations in the Original Contract Area as described in Appendix-A, within thirty (30) Calendar Days from the date of execution of this Contract.
If less than 50% of a Section is within the Existing Areas, that Section shall be excluded from the Original Contract Area.