Production contract definition
Examples of Production contract in a sentence
THE EVALUATOR shall have the right to nominate additional areas and to participate in nominations done by third parties in accordance with the provisions of the Regulations, for the execution of an Exploration and Production contract.
All the data and technical, geological and environmental information resulting from the performance of the obligations of this contract shall be kept confidential by the Parties for the term of duration of the TEA or until THE EVALAUTOR proposes an Exploration and Production contract according to the provisions of this contract, whichever first.
Client understands that the specified terms of payment under this Agreement are as specified in Production contract.
During the term of the TEA or until THE EVALUATOR proposes an Exploration and Production contract in accordance with this contract, whichever first, no Third Party may nominate areas or propose Exploration and Production contracts within the Area of Technical Evaluation.
Upon expiration of the contract or once THE EVALUATOR proposes an Exploration and Production contract, the ▇▇▇ shall have the unrestricted right to use the information in the way that is more convenient for its interests, without prejudice to the provisions this contract, and may make public such technical information facilitating the exchange of information resulting from the performance of the Technical Evaluation Operations according to the mechanisms set forth in this contract.