Common use of Excess Local Content Clause in Contracts

Excess Local Content. 20.10. If the Concessionaire exceeds the Local Content required, whether in the Exploration Phase or in a Development Module, the excess amount, in national currency, may be transferred to the Development Modules to be implemented thereafter.

Excess Local Content. 20.10. If the Concessionaire exceeds the Local Content requiredcommitted, whether in the Exploration Phase or in a Module of the Development ModuleStage , the excess amount, in national currency, may be transferred to the Module(s) of the Development Modules Stage to be implemented thereafter.