Common use of Abandonment Fund Clause in Contracts

Abandonment Fund. THE CONTRACTOR will establish a fund to guarantee the financing of activities that are necessary to undertake an Abandonment program of the xxxxx and an environmental renewal of production areas when their Production Period ends, in accordance with Good Oil Industry Practices and pursuant to the following stipulations:

Abandonment Fund. THE CONTRACTOR will establish shall create a fund to guarantee the financing of the activities that are necessary to undertake an Abandonment perform the abandonment program of for the xxxxx and an the environmental renewal restoration of the production areas when their at the end of its Production Period endsPeriod, in accordance with according to the Good Practices of the Oil Industry Practices and pursuant to the following stipulationsprovisions: