Development Area. 10.4. The Development Area shall encompass all Deposits to be produced.
Development Area any plot of the Contract Area retained for the Development Phase.
Development Area. The Development Area shall encompass all Deposits to be produced. The Development Area shall be delimited based on data and information obtained during the performance of the Exploration Phase and the Discovery Assessment, according to the Best Practices of the Oil Industry. During the Development Phase, the Consortium Members may request ANP to change the Development Area in order to incorporate other plots from the Contract Area, as long as, cumulatively: one or more Deposits are verified to be extrapolating the Development Area; and the plots intended to be incorporated have not been relinquished by the Contractors in compliance with the provisions of the Agreement. The Development Area to be retained shall be the one included in the Final Discovery Assessment Report approved by ANP. The Consortium Members shall retain, of the Development Area, only the Field area approved by ANP in the scope of the Development Plan. The Contractors shall immediately return to ANP the remaining plots, pursuant to the provisions of paragraphs 3.4 and 3.5. Approval and Implementation of the Development Plan ANP shall have one hundred and eighty (180) days of the date of receipt of the Development Plan to approve it or request the Consortium Members to make the modifications it deems applicable. If ANP does not reply within this term, the Development Plan shall be deemed approved, and ANP’s power/duty to demand revisions whenever necessary is not waived. If ANP requests modifications, the Consortium Members shall submit the modified Development Plan within the term determined by ANP, repeating the procedure provided for in this paragraph 15.9. Disapproval of the Development Plan by ANP, after applicable administrative appeals are ended, shall entail lawful termination of the Agreement regarding the relevant Development Area. Until the Development Plan is approved, the Consortium Members may not carry out any work or conduct any Operations in the Development Area, except upon the prior approval of ANP. The request for early Production shall be substantiated and observe the precepts for preserving oil resources, ensuring operational safety, and preserving the environment. The Consortium Members shall conduct all Operations in the Field area according to the Development Plan approved by ANP. Any Discovery of a New Oil and Gas Reservoir shall be notified to ANP by the Consortium Members, on an exclusive basis, no later than seventy two (72) hours after that. The notice shall b...
Development Area. When making a proposal for the delineation of a Development Area and its associated Development Plan, the Contractor shall consider in priority the option which is the most favourable for the Government in terms of Profit Oil split.
Development Area any plot of the Concession Area retained for the Development Phase.
Development Area a. The “development area” includes that portion of the Carolina North Tract identifies as the long-term development area set forth in Exhibit B of this Agreement. The development area designated by this section comprises approximately 228 acres.
Development Area. The Development Area shall encompass all Deposits to be produced. The Development Area shall be delimited based on data and information obtained during the Exploration Phase and the Discovery Assessment, according to the Applicable Laws and Regulations and the Best Practices of the Oil Industry. During the Development Phase, the Concessionaire may request ANP to change the Development Area in order to incorporate other plots from the Concession Area in it, as long as, cumulatively: one or more Deposits are verified to be extrapolating the Development Area; and the plots intended to be incorporated have not been relinquished by the Concessionaire in compliance with the provisions of the Agreement. The Development Area to be retained shall be the one included in the Final Discovery Assessment Report approved by ANP.
Development Area a. Subject to the terms and conditions of this Agreement, USI grants to Developer the right to establish U-Swirl Stores in the exclusive development area (the “Development Area”) specified in the Addendum to this Agreement (the “Addendum”), which is attached to this Agreement as Exhibit 1 and incorporated herein by reference. Developer accepts this grant and undertakes the obligation to develop and operate the U-Swirl Stores using the System and in compliance with USI’s standards. U-Swirl Stores in existence in the Development Area as of the Effective Date of this Agreement, if any, are excluded from Developer’s exclusive Development Area.
Development Area any portion of the Concession Area retained for the Development Stage.
Development Area. 11.4. The Consortium Members shall only retain the Development Area approved by ANP within the scope of the Development Plan.
