Common use of Commercial Field Clause in Contracts

Commercial Field. 4.1 After the ASSOCIATE has obtained sufficient information related to Field development, the ASSOCIATE shall conduct a study to define petrophysical parameters, better productive area boundaries and reserves calculation. The study shall be conducted by the ASSOCIATE, at its expense, applying available technical methods in the country or abroad; and when the circumstances so require the pertinent revisions shall be made.

Appears in 4 contracts

Samples: Rosablanca Association Contract (Midwestern Resources Inc), Rosablanca Association Contract (Seven Seas Petroleum Inc), Seven Seas Petroleum Inc

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