Production Phase and Production Periods. 1 If the first Commercial Discovery is a Crude Oil Discovery, the Production Phase shall commence on the date on which the Right Holders receive notice of the approval of the Development and Production Plan by the Council of Ministers. If the first Commercial Discovery is a Natural Gas Discovery, the Production Phase shall commence on the later of the date on which the Right Holders receive notice of the approval of the Development and Production Plan by the Council of Ministers, and the date of approval of a Gas Infrastructure and Marketing Plan pursuant to Article 14 of this EPA. The Petroleum Administration shall provide notice of the approval of a Development and Production Plan by the Council of Ministers to the Right Holders as soon as reasonably practicable following such approval. There shall be one Production Phase under this EPA, regardless of the number of Commercial Discoveries that are made.
