Common use of Assessment of New Reservoir Clause in Contracts

Assessment of New Reservoir. 12.7. The Consortium Members may assess a Discovery of Oil and Gas in a New Reservoir at any time during the effectiveness of the Agreement, according to the procedure provided for in Section Twelve, as appropriate. Discovery Assessment through Extended Well Test

Assessment of New Reservoir. 12.77.7. The Consortium Members Concessionaire may assess a Discovery of Oil and Gas in a New Reservoir at any time during the effectiveness of the Agreement, according to the procedure provided for in Section TwelveSeven, as appropriate. Discovery Assessment through Extended Well Test.

Assessment of New Reservoir. 12.7. The Consortium Members may assess a Discovery of Oil and Gas in a New Reservoir at any time during the effectiveness of the Agreement, according to the procedure provided for in Section Twelve, as appropriate. Discovery Assessment through Extended Well Test.